Stationary CT scanner will have sluggish growth in coming years

The global CT scanner market size was valued at USD 5.5 billion in 2019, and is expected to witness 5.4 percent CAGR from 2019 to 2025. Technological advancements in CT scanners will increase its adoption and surge the industry growth. CT scan is a long-established imaging technique that has witnessed ample modifications and improvements over the past few decades. Significant evolution in this industry can be confirmed by the replacement of conventional systems by the fourth-generation CT scanners. Also, technological advancements have reduced the dose of radiation, without hampering the quality of image. Such technological advancements coupled with the procedural benefits of CT scan over other imaging modalities, such as MRI and X-ray, will stimulate its demand over forthcoming years.

Rising incidences of cardiovascular diseases globally will augment the CT scanner market growth in forthcoming years. For instance, according to WHO, around 17.9 million people die annually because of cardiovascular diseases globally. Disease burden and mortality rates have been significantly reduced due to accurate diagnosis of chronic conditions at early stages. As recently developed CT scanner allows the early and accurate diagnosis of several chronic diseases, its demand will grow in the near future. CT scanner is a cost-intensive capital equipment and its high cost is expected to hamper affordability, particularly in developing and underdeveloped regions that will restrain the CT scanner market growth.

O-arm architecture segment dominated the industry in 2019 with revenue size of USD 3.5 billion owing to its wide range of clinical applications. C-arm segment is expected to witness 5.1 percent growth throughout 2019 to 2025, with its massive usage for fluoroscopic intraoperative imaging in certain orthopedic procedures and emergency care. Portable segment was valued at USD 2.2 billion in 2019. Stationary CT scanner segment will have sluggish 5.4 percent growth in coming years, with the large area occupied by stationary CT scanner.

However, stationary scanners are commonly used by hospitals and institutions that admit large numbers of patients suffering from heart stroke and brain injuries every month. Moreover, recently developed stationary systems are sufficiently reliable and provide accurate diagnosis that further escalates the segment’s growth.

Prominent industry players operational in CT scanner market are Accuray, Koning Corporation, Carestream, Canon Medical Systems (Toshiba Corporation), Philips, CurveBeam, Hitachi Medical Corporation, GE Healthcare, Medtronic, Planmed Oy, Neusoft, Samsung, Shenzhen Anke High-Tech, Siemens Healthineers, Xoran, and United Imaging Technologies.