China Computed Tomography Market Size (2024 - 2029)

China Computed Tomography Market Analysis

The China Computed Tomography Market size is estimated at USD 1.34 billion in 2024, and is expected to reach USD 1.79 billion by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029).

Factors such as the growing burden of chronic diseases and technological advancements in computed tomography are expected to drive the market during the forecast period. For instance, according to a study published in the Chinese Medical Journal in March 2022, there were around 4,820,000 cancer cases and 3,210,000 cancer deaths in China in 2022. In China, lung cancer is the most frequent type of cancer. Thus, the growing burden of cancer is expected to boost the demand for effective diagnosis devices, which is likely to contribute to market growth.

China offers many opportunities to key players in the market. Therefore, many foreign players are trying to establish their presence in the Chinese market. For instance, in February 2022, Siemens Healthineers and Universal Medical Imaging agreed to promote 5G remote imaging diagnosis for primary care in China.

Various strategic initiatives are being undertaken by the major players. These include mergers, acquisitions, collaborations, partnerships, and product launches. Similarly, the introduction of AI-powered technologies in CT scanning is expected to boost market growth. For instance, in May 2023, Royal Philips, the parent company of Philips Healthcare, introduced a cutting-edge 32/64-slice CT scanner powered by artificial intelligence (AI). This innovative scanner is designed to bolster both routine radiology studies and large-scale screening programs.

Hence, owing to these factors, the market is expected to witness significant growth in the country. However, the high cost associated with the CT scan and procedures may hamper market growth over the forecast period.

China Computed Tomography Industry Segmentation

As per the scope of the report, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images or scans of areas inside the body.

China's computed tomography (CT) market is segmented by type, application, and end user. By type, the market is segmented into low slice, medium slice, and high slice. By application, the market is segmented into oncology, neurology, cardiovascular, musculoskeletal, and other applications. By end user, the market is segmented into hospitals, diagnostic centers, and other end users. The report offers the value (USD) for all the above segments.