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Global Computed Tomography Market to Rise at 4.5% CAGR from 2011 to 2017 due to Rising Aging Population

Posted on Apr 13, 2016

Transparency Market Research has published a new market study on the global computed tomography (CT) market that delves into developments in the said market from 2011 to 2017. According to the report’s findings, the market will display a CAGR of 4.5% between 2011 and 2017, resulting in the market’s valuation increasing from US$4.3 bn in 2011 to US$5.6 bn by 2017. The report is titled “Computed Tomography (CT) Market: Global Industry Analysis, Size, Share & Forecast (2010 - 2017)” and is available for sale on the company’s website.

Browse the full Computed Tomography (CT) Market: Global Industry Analysis, Size, Share & Forecast (2010 - 2017) report at https://www.transparencymarketresearch.com/computed-tomography-market.html

The report looks into developments in the market from the perspectives of market indicators, the latest trends, growth opportunities, and competitive hierarchy across North America, Asia Pacific, Europe, and Rest of the World for the 2011-2017 period. The report is prepared using standard research methodologies and validated analytical tools such as Porter’s five forces analysis and SWOT analysis to ascertain an accurate trajectory of the market’s growth during the forecast period.

Computed tomography is a diagnostic imaging tool that produces detailed pictures of internal organs, soft tissues, bones, and blood vessels. It uses special X-ray equipment to create cross-sectional images of distinct areas of scanned objects, which can be reformatted in two-dimensional or even three-dimensional planes.

The report cites several reasons for the growth of the global CT market. An increasing pool of the ageing population and an increasing patient pool with chronic diseases are the foremost reasons for growth of the CT market. In particular, Asia Pacific is exhibiting a rise in its geriatric population, thereby displaying an increasing demand for modern diagnostics.

The report segments the global CT market on the basis of two criteria, namely product type and region. According to product type, the segments of this market are low-end slice CT, high-end slice CT, and mid-end slice CT. Amongst all, high-end slice CT is expected to gather a major chunk of the revenue, estimated at about 55.9% by the end of 2017. In absolute numbers, this equals US$3.1 bn.

Geographically, North America is currently the leading market for CT. The region being traditionally technologically advanced and home to a significant health-conscious aging population are the reasons for this. However, during the forecast period, Asia Pacific is expected to exhibit the fastest growth in comparison to other regional markets for computed tomography. This is due to the rising awareness among individuals about modern diagnostics, improved financial state, and the emergence of modern healthcare facilities in this region.

In other developing regions, increasing disposable incomes and increasing awareness about the importance of timely diagnosis of chronic diseases are the major factors driving the computed tomography market. These factors are further augmented by the declining cost of equipment and increasing accuracy due to consistent technological advancements in the CT industry.

The report mentions and profiles top players in the global computed tomography market, which are GE, Toshiba, Siemens, and Phillips. These companies have been profiled for attributes of product portfolio and specification, financial standing, business positioning, and SWOTs.

The computed tomography market is segmented as follows: 

Computed Tomography, by Product Type

  • Low end slice CT
  • Mid end slice CT
  • High end slice CT

Computed Tomography, by Geography

  • The Americas
  • Europe
  • Asia Pacific
  • Rest of the World

                                                               

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