CT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Computed Tomography Market Analysis

The Computed Tomography Market size is estimated at USD 8.64 billion in 2024, and is expected to reach USD 11.62 billion by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).

The increasing number of COVID-19 cases has increased demand for CT scanners, which is expected to impact the market positively. For instance, in June 2020, the Abu Dhabi Health Services Company (SEHA) launched a 16-slice mobile CT scanner in the UAE for diagnosing pneumonia in COVID-19 patients, indicating that developing countries are using CT scanners for the detection of COVID-19. The CT examination played an important auxiliary role in the diagnosis and subsequent management of COVID-19 patients. CT scans can reduce the chance of false-negative results in the RT-PCR assay. These findings led to an increased demand for CT scans and contributed to the growth of the CT Scanner Market during COVID-19. Governments worldwide are adopting policy measures to reduce the transmission of COVID-19, which is further decreasing the demand for imaging independent of COVID-19. Measures taken by hospitals to expand crisis capacity are further reducing the amount of appropriate medical imaging that can be safely performed.

CT scans are considered the most critical Diagnostic Imaging tool, especially for lung cancer and traumatic brain injuries. The prevalence of these diseases is boosting the Computed Tomography Market growth. Other market drivers are the rising geriatric population, increasing chronic diseases, shifting medical care toward image-guided interventions, and technological advancements in the Medical Imaging Industry. As per the data published by the American College of Chest Physicians in July 2020, lung cancer is one of the most frequently diagnosed cancers. It accounts for 11.6% of the total cancer cases globally. Worldwide lung cancer incidents are estimated to increase by 38%, to 2.89 million, by 2030. A CT scan provides 3D images of bones and helps in better diagnosis and surgeries for orthopedics. Thus, with the rising burden of orthopedic disorders, the demand for CT scanners in the Medical Imaging Market is also expected to grow.

Major Computed Tomography Companies are coming up with new CT devices, which are driving the growth of the market studied. For instance, in July 2022, Siemens Healthineers presented its newly launched CT imaging device at the European Congress of Radiology (ECR) 2022 held in Vienna. By presenting the new CT devices, the company has strengthened its position among leading CT Scanner Companies in Europe. Hence, with the new launches coming from global companies, the market studied is expected to grow significantly during the coming years.

However, a lack of adequate reimbursement and a stringent regulatory framework are expected to hinder the market's growth.

Computed Tomography Market Trends

This section covers the major market trends shaping the Computed Tomography (CT) Market according to our research experts:

The High Slice Segment is Expected to Observe Healthy Growth 

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. The Computed Tomography (CT) Market is Segmented by Type (Low Slice, Medium Slice, and High Slice), by Application (Oncology, Neurology, Cardiovascular, Musculoskeletal, and Other Applications), by End User (Hospitals, Diagnostic Centers, and Other End Users), and by Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size and forecast in value (USD million) for the above segments.