Computed Tomography Devices Market to 2026: Siemens, Toshiba Medical System Corporation, Hitachi Medical Corporation, Neusoft Corporation, Neurologica Comp

Global Computed Tomography Devices Market By Product (Low Slice CT Scanner, Medium Slice CT Scanner, High Slice CT Scanner), Application (Cardiovascular, Oncology, Neurovascular, Abdomen and Pelvic, Pulmonary Angiogram, Spinal, Musculoskeletal), End-User (Hospitals, Diagnostics Centers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Global Computed Tomography Devices Market is expected to rise from its initial estimated value of USD 6.17 billion in 2018 to an estimated value of USD 9.84 billion by 2026, registering a CAGR of 6.00% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in prevalence of cardiovascular, orthopedic, and cancer diseases.

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Few of the major competitors currently working in the computed tomography devices market are

• GENERAL ELECTRIC (US),
• Siemens (Germany),
• Toshiba Medical System Corporation (Japan),
• Koninklijke Philips N.V. (Netherlands),
• Hitachi Medical Corporation (Japan),
• Neusoft Corporation (US),
• Neurologica Comp (US),
• Medtronic (Ireland),
• Shenzhen Anke High-tech Co., Ltd. (China),
• Accuray Incorporated (US),
• PlanMED (Finaland),
• DxRay Inc (US),
• Koning Corporation (US),
• Carestream Health (US),
• PointNix Co. Ltd (South Korea),
• Canon Medical Systems Corporation (Japan),
• Fujifilm Holdings Corporation (Japan),
• Hologic, Inc (US),
• Shimadzu corp (Japan)

Market Definition: 

Computed Tomography Devices are devices used for a noninvasive medical examination or procedure that uses specialized X-ray equipment to produce cross-sectional images of the body. These cross-sectional images or slices of images are used for a variety of diagnostic and therapeutic purposes.  These devices are used in hospitals and diagnostics centers.

According to World Health Organization, there were an estimated 9.6 million deaths in 2018 due to cancer; Cancer is the second leading cause of death globally. About 1 in 6 deaths is due to cancer. These deaths could have been avoided with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth

Market Drivers

• There is increase in the prevalence of cardiovascular, orthopedic, and cancer diseases is expected to act as a driver to the market growth
• There is Increase in awareness and early diagnosis of chronic cardiovascular diseases and cancer is also expected to act as a driver to the market growth
• A technological advance in digital imaging technology is driving this market.

Market Restraints

• High amount of costing of these equipment is expected to act as a restraint to the market growth

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Segmentation: Global Computed Tomography Devices Market 

By Product:

• Low Slice CT Scanner (<64 slices)
• Medium Slice CT Scanner (64 slices)
• High Slice CT Scanner (>64 slices)

By Application:

• Cardiovascular Applications
• Oncology
• Neurovascular Application
• Abdomen and Pelvic Application
• Pulmonary Angiogram
• Spinal Application
• Musculoskeletal Application

By End Users:

• Diagnostic Centers
• Hospitals

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Turkey
  • Belgium
  • Netherlands
  • Switzerland
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Singapore
  • Thailand
  • Malaysia
  • Indonesia
  • Philippines
  • Rest of Asia Pacific
• Middle East & Africa
  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Rest of Middle East & Africa

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Key Developments in the Market:

• In April 2019, Grapefruit Boulevard Investments, Inc. acquired Imaging3, Inc , Imaging3, Inc focused on the introduction of disruptive technologies in the medical imaging industry. This will make Grapefruit Boulevard Investments, Inc. one of the leader in imaging market.
• In June 2017, Siemens Unveils Symbia Intevo Bold SPECT/CT, a Scanner Built to Offer Multiple Scanning Applications this can be utilized to take a CT scan and then applied to improve the quality of a subsequent SPECT scan.

Competitive Analysis:

Global computed tomography devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of computed tomography devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

• Current and future of global computed tomography devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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