CT Scanner Market Size and Competitive Analysis by 2030

[Research Report] The CT Scanner market size is expected to grow from US$ 6,325.00 million in 2022 to US$ 9,596.26 million by 2030; the market is estimated to register a CAGR of 5.35% from 2022 to 2030.

Analyst’s Viewpoint

The CT Scanner market analysis explains growth drivers, such as the increased prevalence of chronic diseases, growing demand for early diagnosis, and the development of healthcare infrastructure. Further, technological advancements in CT scanners are anticipated to introduce new trends in the market during 2022­–2030.

A computerized tomography (CT) scanner is a medical imaging technology device that uses X-rays from multiple angles to generate detailed images of the body's bones, blood vessels, and soft tissues. These images provide more detail than traditional X-rays. In addition, CT scanners are widely used to examine people who may have internal injuries due to car accidents or other types of traumas. This scan can visualize almost all body parts and help diagnose injuries or diseases. Additionally, it is used to plan medical, surgical, or radiation treatment for the affected areas during disease diagnosis.

Market Insights

Increased Prevalence of Chronic Diseases to Fuel CT Scanner Market

As per the article published by the National Institute of Biomedical Imaging and Bioengineering in June 2022, CT has evolved into an effective screening method for detecting potential cancers or lesions in the abdomen. A heart CT scan may be recommended when different sorts of cardiac illnesses or anomalies are suspected. CT scans of the head can also be used to detect injuries, tumors, clots that cause stroke, bleeding, and other diseases. It can examine the lungs to detect malignancies, pulmonary embolisms (blood clots), excess fluid, and other diseases, including emphysema or pneumonia. A CT scan is especially beneficial for detecting complicated bone fractures, badly degraded joints, or bone malignancies because it generates more detail than a traditional x-ray. Therefore, the rising frequency of chronic diseases such as cardiovascular disease, cancer, neurology diseases, and orthopedic problems has resulted in a vast patient population getting computed tomography scans across the world. According to the National Center for Health Statistics, in 2021, 1,898,160 new cancer cases were reported in the US. As a result, the rising prevalence of cancer throughout the world is boosting demand for computed tomography scanners. In addition, as per the article published by Harvard Health in September 2021, an estimated 90.0 million CT scan procedures are performed in the US annually.

Leading players are introducing advanced technological products to gain an edge over their competitors. For instance, in April 2021, Hitachi, Ltd. announced the launch of a newly designed Scenaria 64-slice CT scanner. The product is designed to reduce radiation dose, improve efficiency, and cater to interventionists in their practice. Hitachi aims to strengthen its product portfolio in a highly competitive market with this product launch.

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CT Scanner Market: Strategic Insights

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Future Trend

Technological Advancements in CT Scanners emerge as a future trend in CT Scanner Market

With concerns about radiation exposure, there has been a significant focus on dose-reduction technologies in CT scanners. This includes advancements in iterative reconstruction techniques, automatic exposure control, and other dose optimization strategies to minimize radiation dose while maintaining image quality. According to the American Cancer Society, yearly screening with a low-dose CT (LDCT) scan is recommended for adults aged 50 years and above who smoke or have a history of smoking for lung cancer.

The study published by Science Direct in 2022 analyzed the connection between incidental respiratory disease-related findings from the National Lung Screening Trial (NLST) and respiratory disease mortality (RDM), excluding lung cancer detected during low-dose CT (LDCT) lung cancer screenings. In the study, out of 26,722 participants in the NLST LDCT arm, 25,002 underwent both the baseline and a subsequent LDCT screening. The study found that Emphysema and reticular opacities, both incidental respiratory-related findings on NLST LDCT screenings, were linked with higher RDM.

Various strategies adopted by key players are boosting the market growth. For instance, in December 2023, Fujifilm India collaborated with Soorya Diagnostics LLP. As part of this collaboration, Fujifilm placed its most recent CT Scan equipment at Soorya Diagnostics Center to foster screening culture and provide people in the region with access to quality healthcare services.

Report Segmentation and Scope

The “CT scanner market” is segmented on the basis of type, architecture, technology, application, end user, and geography. The market is bifurcated based on type into stationary and portable CT scanners. The CT scanner market, based on architecture, is bifurcated into C-arm CT Scanners and O-arm CT Scanners. The CT scanner market, by technology, is segmented into high slice CT, midsize CT, Low Slice CT, and cone beam CT. Based on application, the CT scanner market is segmented into oncology, neurology, orthopedic, other applications. In terms of end users, the CT scanner market is categorized into hospitals, diagnostic centers, research laboratories, and veterinary clinics. The CT scanner market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America)

Type-Based Insights

The CT scanner market is segmented based on type into stationary and portable CT scanners. The stationary CT scanners segment held a larger market share in 2022 and is anticipated to register the highest CAGR during 2022–2030.

Architecture-based Insights

The CT scanner market, based on architecture, is bifurcated into C-arm CT Scanners and O-arm CT Scanners. The C-arm CT Scanners segment dominated the market in 2022.

Technology-based Insights

The CT scanner market, by technology, is segmented into high slice CT, midsize CT, low slice CT, and cone beam CT. The high slice CT segment held the largest market share in 2022.

Application-based Insights

Based on application, the CT scanner market is segmented into oncology, neurology, orthopedics other applications. The neurology applications segment held the largest market share in 2022.

End User-Based Insights

In terms of end users, the CT scanner market is categorized into hospitals, diagnostic centers, research laboratories, and veterinary clinics. The hospital segment held the largest share of the market in 2022 and is anticipated to register the highest CAGR during 2022–2030.

CT Scanner Market Regional Insights

The regional trends and factors influencing the CT Scanner Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses CT Scanner Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

CT Scanner Market Report Scope

CT Scanner Market Players Density: Understanding Its Impact on Business Dynamics

The CT Scanner Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the CT Scanner Market are:

1. GE Healthcare
2. Siemens AG
3. Hitachi Ltd.
4. Samsung Electronics Co. Ltd.
5. Medtronic plc.

Disclaimer: The companies listed above are not ranked in any particular order.

Regional Analysis

North America is expected to record the highest CAGR in the global CT scanner market between 2022 and 2030. North America held the largest share in the CT scanner market in 2022 and is predicted to maintain its dominance during the forecast period. The market in North America is segmented into the US, Canada, and Mexico. The US holds the largest share of the global and North America CT scanner market owing to the increase in the prevalence of inflammatory diseases, the presence of major players in the industry, the development of the healthcare sector, the availability of new innovative CT scan systems, and advancements in technology for CT scans in the region.

GE Healthcare, Siemens Healthcare Private Limited, Koninklijke Philips N.V., TOSHIBA IT and CONTROL SYSTEMS CORPORATION, HTSI Healthcare Solutions, Shimadzu Corporation, SAMSUNGHEALTHCARE.COM, Neusoft Corporation, Medtronic, and Shenzhen Anke High-Tech Co., Ltd are the leading players operating in the global CT scanner market. These leading players are focusing on expanding and diversifying their market presence and clientele, which is expected to favor the CT scanner market positively.

A few of the key developments by major market players are as follows: 

• In November 2022, FUJIFILM launched SCENARIA View Focus Edition, a premium CT scanner in the US. It features Cardio StillShot, an advanced Cardiac Motion Correction feature, which enables 6x higher temporal resolution than conventional image reconstruction methods. The device is suitable for routine and advanced clinical applications and was introduced at RSNA 2022.
• In April 2022, Wipro GE Healthcare launched its advanced Revolution Aspire CT scanner. The CT system is designed and manufactured entirely in India at the Wipro GE Medical Devices Manufacturing plant. It has higher imaging intelligence for more accurate clinical diagnosis.
• In November 2021, Siemens Healthineers launched Naeotom Alpha, the first photon-counting CT scanner cleared for clinical use in the USA and Europe. Photon-counting technology enables drastic improvements, including increased resolution and reduced radiation dose by up to 45% for ultra-high-resolution scans compared to conventional CT detectors.