CT Scanners Market by Product and Geography - Forecast and Analysis 2021-2025

The CT scanners market share is expected to increase by USD 2.18 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.78%.

This CT scanners market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers CT scanners market segmentation by product (standalone and portable) and geography (North America, Europe, Asia, and ROW). The CT scanners market report also offers information on several market vendors, including Canon Inc., Carestream Health Inc., FUJIFILM Holdings Corp., General Electric Co., HTSI Healthcare Solutions, J. Morita Corp., Koninklijke Philips NV, Samsung Electronics Co. Ltd., Siemens Healthineers AG, and UIH Solutions, LLC among others.

What will the CT Scanners Market Size be During the Forecast Period?

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CT Scanners Market: Key Drivers and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of chronic conditions is notably driving the CT scanners market growth, although factors such as high costs associated with CT imaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the CT scanners industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key CT Scanners Market Driver

One of the key factors driving growth in the CT scanners market is the increasing prevalence of chronic conditions. The prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases, is increasing globally, which is triggering the demand for diagnostic imaging products, including CT scanner systems. Globally, the incidence of several respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer, is also increasing. The prevalence of asthma is increasing rapidly in low and middle-income countries, especially those in Asia. The high incidence of cancer will increase the demand for cancer screening and diagnoses and the increasing prevalence of other chronic conditions, such as cardiovascular diseases and neurological disorders, will further augment the demand for CT scanners during the forecast period.

Key CT Scanners Market Challenge

The high costs associated with CT imaging will be a major challenge for the CT scanners market during the forecast period. Healthcare is a cost-intensive industry with huge capital allocation toward manufacturing. The fixed costs in terms of plant, machinery, and associated variable costs for raw materials and labor account for a major part of the expenditure for manufacturing medical equipment. Thus, all these factors have the potential to impede the growth of the healthcare equipment market, including the global CT scanners market. The high cost of CT scanners and procedures can increase the cost burden on end-users and patients, respectively. The service maintenance cost includes the cost of preventative maintenance, parts, labor charges, and technicians? allowance. This will further increase the cost for end-users, such as hospitals, diagnostic centers, and clinics. The high costs associated with CT scan procedures can reduce their adoption, especially in developing countries.

This CT scanners market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major CT Scanners Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Canon Inc.
• Carestream Health Inc.
• FUJIFILM Holdings Corp.
• General Electric Co.
• HTSI Healthcare Solutions
• J. Morita Corp.
• Koninklijke Philips NV
• Samsung Electronics Co. Ltd.
• Siemens Healthineers AG
• UIH Solutions, LLC

This statistical study of the CT scanners market encompasses successful business strategies deployed by the key vendors. The CT scanners market is fragmented and the vendors are deploying growth strategies such as focusing on developing technologically advanced equipment to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The CT scanners market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for CT Scanners Market?