Computed Tomography Market Size, Status, Top Players, Trends in Upcoming Years


Posted July 9, 2020 by PSMarketResearch12

Geographically, North America dominated the global market of CT in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth, at a CAGR of 5.8%, during the forecast period.
 
Over 9.6 million people die from cancer every year, says the World Health Organization (WHO). The disease has several genetic factors as well as external factors, such as smoking, radiation exposure, and certain infections. Apart from the fact that the disease has no sure-shot cure, another reason for the high mortality rate is that either it is misdiagnosed or diagnosed in the later stages. An important tool in detecting tumors is computed tomography (CT), which fires X-rays from numerous angles to create a 2D or 3D image of the internal organs.

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Thus, with the increasing prevalence of cancer, the computed tomography market is growing across the world. And, it is not just cancer which the CT can detect, but also lesions, edema (swelling), clots, aneurysms, calcified masses, hemorrhage, bone trauma, infarctions, glandular dysfunction, bronchial wall thickening, embolisms, and even complex fractures. This is what makes a CT scanner such important equipment at medical settings. Apart from diagnosing diseases, CTs are also used to guide surgeons during operations, especially minimally invasive surgeries, and to track the effect of therapy.

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This is the significance of slices in a CT scanner; it helps doctors see what is wrong, fairly deep into the tissue. In the coming years, the demand for high-slice CT scanners is expected to rise the fastest, simply because they look inside the body better and diagnose various conditions. All these types of scanners are used by diagnostic centers and hospitals, of which hospitals currently account for higher use, as they cater to a larger number of patients. In the near future, with the growing awareness about low-cost early disease detection, the usage of these machines would rapidly increase at diagnostic centers.

Currently, the largest computed tomography market is North America, owing to its advanced healthcare infrastructure, surging medical expenditure, and increasing geriatric population. Additionally, the regional cancer prevalence is also quite high, with the National Cancer Institute pegging the number of new diagnoses and deaths in the U.S. in 2018 at 1,735,350 and 609,640, respectively. Asia-Pacific (APAC) is predicted to witness robust growth in the usage of this modality, on account of its booming geriatric population, surging chronic disease prevalence, and bettering healthcare infrastructure.

Hence, with the increasing number of people being diagnosed with cancer and other deadly diseases, the demand for computed tomography systems will continue to rise.
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Issued By Pramod Kumar
Country United States
Categories Biotech , Publishing , Research
Tags computed tomography market , computed tomography market share , computed tomography market size
Last Updated July 9, 2020