The global computed tomography (CT) scanners market is anticipated to increase at a stable CAGR during the forecast period 2016-2024, owing to a combination of numerous factors analysed lucidly in this report. Demand for CT systems from hospitals, clinics, and ambulatory surgical centers is expected to remain steady during the forecast period owing to increase in the prevalence of chronic diseases and growing emphasis on maintaining health and well-being in developing countries. While demand for CT systems is expected to remain steady in developed countries, emerging nations of Asia Pacific will continue to create new opportunities for growth.
CT Systems Market Forecast
Increase in the prevalence of cancers and growing emphasis on accurate diagnosis will continue to create growth opportunities for businesses. Increasing awareness among consumers on detecting diseases at an early stage is contributing to increasing demand for CT scanners. The industry-wide trend favoring non-invasive and minimally-invasive treatment is also contributing to the global demand for CT systems.
CT systems offer better image quality and high-quality spatial resolution owing to which its adoption is growing in the oncology and treatment of cardiovascular diseases. A key factors that is influencing demand for CT systems is the rising population of people aged 65 and above. Globally, the percentage of baby boomers is on an increase, and this has resulted in a spike in demand for healthcare services. The elderly frequently need medical attention owing to which the demand for various healthcare products and services is on an increase. It is anticipated that during the forecast period 2016-2024, the increasing geriatric population will continue to influence demand for CT scanners in hospitals, clinics and ambulatory surgical centers.
Region-wise Analysis on CT Systems Market
The U.S. remains key to global sales, owing to high product penetration and robust healthcare system that focuses on early diagnosis and prevention. CT system sales in the U.S. are anticipated to remain stable during the forecast period, owing to which North America is expected to remain a lucrative region for CT system market during the forecast period.
Demand for CT systems in Western Europe is anticipated to remain steady during the forecast period 2016-2024, owing to increasing focus by government on prevention rather than cure. Governments in Western Europe are emphasizing on early detection for disease mitigation, owing to which demand for diagnostics systems and devices is expected to witness an increase. This trend is also anticipated to impact the demand for CT scanners during the forecast period.
Asia Pacific is anticipated to offer the next wave of growth for CT scanners market during the forecast period, as many countries in the region are in the process of upgrading their healthcare policies. Limited by shoestring budgets, many countries in the region have faced difficulty in providing access to optimum healthcare services. However, against the backdrop of consistent economic growth, many countries are now in a position to revive their healthcare sector, owing to which demand for diagnostic and healthcare systems has witnessed a growth. It is expected that the Asia Pacific CT systems market will witness robust growth during the forecast period 2016-2024.
Leading Players in Global CT Scanners Market
Key players covered in the global CT systems market include GE Healthcare, NeuroLogica Corporation, Siemens Healthcare, and Toshiba Medical Systems Corporation, and Philips Healthcare, and Hitachi Medical Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.