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Computed Tomography Market Size

Report ID: FBI 2552

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Published Date: May-2024

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Format : PDF, Excel

Market Outlook:

Computed Tomography (CT) Market size was over USD 3.98 Billion in 2023 and is anticipated to surpass USD 6.78 Billion by end of the year 2032, witnessing more than 6.1% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 3.98 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

6.1%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 6.78 Billion

19-23 x.x %
24-32 x.x %
Computed Tomography Market

Historical Data Period

2019-2023

Computed Tomography Market

Largest Region

North America

Computed Tomography Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

1. Technological advancements in CT imaging, such as the development of high-definition imaging, dual-source CT, and spectral imaging, are driving market growth by providing improved diagnostic capabilities.

2. Increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and orthopedic disorders, is driving the demand for CT imaging for accurate diagnosis and treatment planning.

3. Growing geriatric population worldwide and their higher susceptibility to various health conditions are contributing to the expansion of the CT market.

4. Rising healthcare expenditure and increasing awareness about the benefits of early disease detection and preventive healthcare are creating opportunities for the growth of the CT market.

Industry

Report Scope

Report CoverageDetails
Segments CoveredApplication, Type, End-Users
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledSiemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Healthcare Systems, Neusoft Medical Systems, NeuroLogica, Canon Medical Systems, Fujifilm Holdings, Shenzhen Anke High-Tech Co., and Koning

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1. High cost associated with CT scanners and the overall procedure is a major restraint for market growth, especially in developing economies where healthcare infrastructure is still evolving.

2. Concerns regarding radiation exposure from CT imaging procedures are posing as a restraint, leading to the adoption of alternative imaging modalities with lower radiation exposure.

3. Reimbursement challenges and stringent regulatory requirements in various regions are hindering the market growth for CT imaging systems.

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Computed Tomography (CT) Market Size & Share, By A...

RD Code : 24