The CT scanner market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Extensive research associated with cancer diagnostics and treatment in western countries, along with the growing prevalence of targeted diseases as well as the aging population, are expected to fuel the progress of this market. The growth of the market can also be attributed to the factors such as increasing preference for minimally invasive diagnostic procedures and increasing technological advancements at a global level. Moreover, ongoing advancements in semiconductor materials have enabled device miniaturization as well as developments in multi-slice CT Scanners. According to the International Osteoporosis Foundation (IOF), in 2019, one in three women and one in five men aged more than 50 years sustain osteoporosis-related fractures, and around 200 million people are affected at a global level, which results in a fracture after every three seconds. Therefore, with rising cases of orthopaedic disorders, the demand for CT Scanners is also anticipated to rise.
The market is segmented on product type into stationary CT scanners and portable CT scanners, out of which the stationary CT scanners segment is anticipated to hold the largest share by the end of 2021 on account of significant adoption of stationary CT scanners as compared to portable CT scanners. Moreover, portable CT scanners are widely being used in small-room environments including clinics, critical care departments, departments of surgery, and emergency departments which are also projected to contribute to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of architecture, the O-arm CT scanners segment in the global CT scanners market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed due to the ongoing commercialization of mobile CT scanners and their various procedural benefits.
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in North America is predicted to grow at the highest CAGR over the forecast period on account of the growing population suffering from chronic diseases such as cardiovascular diseases, musculoskeletal diseases, cancer, and the inclination of patients towards newer technologies. Furthermore, in 2021, the market in the Asia Pacific is expected to occupy the largest share in terms of revenue, owing to the growing incidence of target diseases, rising patient awareness on the procedural benefits of CT scanning in early disease diagnosis, and ongoing expansion and modernization of healthcare infrastructure across the region. Along with this, Europe also leads in terms of ongoing clinical trials, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the CT scanner market on account of growing cancer prevalence across the region. According to Globocan 2020 report, in Europe, around 4.3 million new cases were reported and 1.9 million deaths due to cancer, which is anticipated to grow over the coming years.
The global CT Scanners market is further classified on the basis of region as follows:
Our in-depth analysis of the global CT Scanners market includes the following segments:
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