Nov 07, 2019 (Market Insight Reports via COMTEX) -- The global CT scanners market has the potential to grow by USD 1.79 billion during 2020-2025. The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Market vendors are increasingly adopting various business strategies, such as partnerships and collaborations with end-users and medical technology companies, to improve their distribution channels and upgrade their product portfolios
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Top Companies in the Global CT Scanners Market: GE Healthcare, Siemens Healthcare, Philips Healthcare, Toshiba Medical, Hitachi Medical, NeuroLogica Corporation (Samsung) Others
Market Segmentation by Types:
High-end Slice CT Scanner
Mid-end Slice CT Scanner
Low-end Slice CT Scanner
Market Segmentation by Applications:
Diagnostic Imaging Centers
Others Top of Form
Computed axial tomography (CAT), popularly known as computed tomography (CT), has diversified applications in the healthcare industry. CT uses computer-processed X-ray images taken from different angles, and combines them to produce cross-sectional images of specific areas of the scanned object.
This device allows medical practitioners to get an internal view of an object without dissecting it. Constant developments in technology and supportive government policies for healthcare funding are expected to boost the growth of the market. In addition, growing incidence of chronic diseases, need for early diagnosis, and high clinical utility of CT are expected to drive the market.
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The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Market vendors are increasingly adopting various business strategies, such as partnerships and collaborations with end-users and medical technology companies, to improve their distribution channels and upgrade their product portfolios. Canon Inc., Carestream Health Inc., and FUJIFILM Holdings Corp. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the high costs associated with CT imaging will challenge the growth of the market participants. To increase their CT scanners market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Over 41% of the market's growth will originate from North America during the forecast period. The US is a crucial market for CT scanners in North America. However, market growth in this region will be slower than the growth of the market in Asia and Europe.
Key Highlights of Global CT Scanners Market Analysis:
The report provides a detailed analysis of current and future market trends to identify the investment opportunities market forecasts till 2025.
Key CT Scanners market trends across the business segments, regions and countries