CT Scanner Market size was valued over USD 4.7 billion in 2016 and is expected to witness more than 5% CAGR from 2017 to 2024.
Selbyville, DE -- (SBWIRE) -- 12/24/2018 -- A brief outlook of CT scanner market in terms of product developments, technological advancements to characterize industry growth trajectory.
Over the past decade, CT scanner market has gained extensive traction as one of the most pivotal verticals of the global healthcare and medical devices industry. It is being observed that an upsurge in technological innovations coupled with enhanced procedural benefits of these systems has opened up new business opportunities for the firms operating in CT scanner market. In addition to this, a marked increase in the awareness regarding early diagnosis of chronic diseases has substantially accelerated the demand for these advanced imaging systems across the globe. In fact, as per a research report by Global Market Insights, Inc., the total valuation of CT scanner industry had surpassed USD 4.7 billion in the year 2016.
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Speaking along similar lines, it would be prudent to mention that the major concern with regards to the extensive usage of CT scanners has been cited to be the exposure to a high-dose of radiation. However, subject to the advent of numerous technological advances over the last few years, the manifold benefits of CT scans have become apparent over other imaging systems such as X-ray and MRI across the medical fraternity. For instance, one of the major CT scanner market participants, Koning Corporation, has recently announced that the firm's Breast CT (KBCT) device has been awarded an Innovative Technology contract from Vizient, Inc.
The latest system provides real 3D isotropic multi-planar images of the breast – with high dose efficiency and zero compression. Moreover, KBCT ensures accurate assessment, quantification, and detection of abnormalities in dense breast tissues. Equipped with unique modalities, the latest system can be termed as quite significant as it is the only FDA-ratified breast CT imaging device across the overall CT scanner market.
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A brief overview of the ever-expanding product landscape of CT scanner industry
- In the world of advanced imaging, the difference can be in millimeters when it comes to delivering precise diagnosis or treatment. Bearing this in mind, the leading CT scanner market firm, Samsung, has unveiled an upgraded version of the world's first portable, 32-slice, full body CT scanner in 2017. Named as BodyTom Elite, the device has been re-engineered in a way that it seamlessly integrates into any Neurosurgery, Radiology, and Radiation Oncology suite which allows it to provide sharper and more accurate images. Incorporated with new visual design, enhanced workstation, hardware, and software, the BodyTom Elite has further received FDA 510(k) clearance and is being anticipated to establish itself as a premium full-body mobile imaging system across the CT scanner industry in the times to come.
- In its persistent efforts to elevate the standards of patient care in orthopedic imaging, the Pennsylvania based CT scanner market giant, CurveBeam, has announced a few days back that it has been granted CE Mark approval in the European Union for its LineUP and InReach CT scan systems. Empowered with novel modalities, LineUP has been reportedly designed in a manner that it allows patients to stand during scanning to assess load-bearing or weight-bearing positions. Apart from this unique system, CurveBeam's InReach device has been already installed in numerous hand surgery centers across the U.S. since its FDA-clearance. Apparently, CurveBeam's latest imaging systems and the approvals granted to them, go on to demonstrate the significance of innovation and robust regulatory structures that shall propel the overall CT scanner industry in the immediate future.
- A few days back, one of the most acclaimed biggies in the CT scanner market, Siemens Healthineers, had declared that it has received the FDA clearance for its new Somatom Edge plus CT machine. The firm has apparently claimed to have manufactured the first patient positioning system which has FAST 3D camera and FAST integrated workflow. The newly launched scanner includes customized patient dosage capabilities and automated scan preparation – features that are quite unheard of in the existing product landscape of CT scanner industry.
With an aim to optimize early disease detection and improve survival rates for millions of patients, numerous prominent CT scanner market players have been focusing on developing future versions of these imaging systems. The versatility, power, and lower costs of these newly launched CT scanners would undoubtedly augment the commercialization scale of this business space. As per reliable estimates, the overall remuneration portfolio of CT scanner market has been forecast to exceed USD 7 billion by 2024.