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CT Scanner Market to Amass Huge Share| $7 bn by 2024

Author : Rahul Sankrityayan | Published Date : 2019-03-25 

The CT Scanner Market is set to exceed USD 7 billion by 2024; according to a new research report by Global Market Insights. Rising prevalence of cardiovascular diseases (CVD) globally will drive CT scanner market over the forecast period. According to WHO, in 2016, around 17.9 million people died due to CVD. CT scanner offers multiple benefits in diagnosis and treatment of CVD that will stimulate its demand. Also, scans generated through cone beam allows healthcare providers to obtain images of heart valves and arteries that accurately predicts blockage increasing success rates of surgeries. Moreover, increasing awareness about early disease diagnosis in emerging economies will further accelerate demand for CT scanners.

Technological advancements in portable CT scanner and addition of slices will fuel industry growth. The equipment delivers superior image quality as compared to other imaging modalities. Furthermore, advancements in technology have reduced the risk associated with radiation exposure without hampering the quality of results that accelerates the demand for CT scanners. However, availability of refurbished CT scanners and high cost associated with CT scanner may impede its demand and hamper industry growth.

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Speaking along similar lines, it would be prudent to mention that the major concern with regards to the extensive usage of CT scanners has been cited to be the exposure to a high-dose of radiation. However, subject to the advent of numerous technological advances over the last few years, the manifold benefits of CT scans have become apparent over other imaging systems such as X-ray and MRI across the medical fraternity. For instance, one of the major CT scanner market participants, Koning Corporation, has recently announced that the firm’s Breast CT (KBCT) device has been awarded an Innovative Technology contract from Vizient, Inc.

The latest system provides real 3D isotropic multi-planar images of the breast – with high dose efficiency and zero compression. Moreover, KBCT ensures accurate assessment, quantification, and detection of abnormalities in dense breast tissues. Equipped with unique modalities, the latest system can be termed as quite significant as it is the only FDA-ratified breast CT imaging device across the overall CT scanner market.

A brief overview of the ever-expanding product landscape of CT scanner industry

In the world of advanced imaging, the difference can be in millimeters when it comes to delivering precise diagnosis or treatment. Bearing this in mind, the leading CT scanner market firm, Samsung, has unveiled an upgraded version of the world’s first portable, 32-slice, full body CT scanner in 2017. Named as BodyTom Elite, the device has been re-engineered in a way that it seamlessly integrates into any Neurosurgery, Radiology, and Radiation Oncology suite which allows it to provide sharper and more accurate images. Incorporated with new visual design, enhanced workstation, hardware, and software, the BodyTom Elite has further received FDA 510(k) clearance and is being anticipated to establish itself as a premium full-body mobile imaging system across the CT scanner industry in the times to come.

In its persistent efforts to elevate the standards of patient care in orthopedic imaging, the Pennsylvania based CT scanner market giant, CurveBeam, has announced a few days back that it has been granted CE Mark approval in the European Union for its LineUP and InReach CT scan systems. Empowered with novel modalities, LineUP has been reportedly designed in a manner that it allows patients to stand during scanning to assess load-bearing or weight-bearing positions. Apart from this unique system, CurveBeam’s InReach device has been already installed in numerous hand surgery centers across the U.S. since its FDA-clearance. Apparently, CurveBeam’s latest imaging systems and the approvals granted to them, go on to demonstrate the significance of innovation and robust regulatory structures that shall propel the overall CT scanner industry in the immediate future.

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Market, by Architecture (USD million) (000’ Units)

O-arm
C-arm

Market, by Type (USD million) (000’ Units)

Portable
Stationary

Market, by Technology (USD million) (000’ Units)

High slice
Mid-slice
Low-slice
Cone beam

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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