December 4, 2019

Spectral Computed Tomography (CT) Market 2019 Size, Business Research, Revenue, Growth Insights to 2023

Increasing Prevalence of Cardiac Diseases to Augment the Global Spectral Computed Tomography (CT) Market During the Forecast Period (2017-2023)

The Spectral Computed Tomography (CT) Market Share is presumed to demonstrate growth at 7.8% CAGR during the appraisal period (2017-2023) due to the rising prevalence of cardiac diseases, asserts Market Research Future (MRFR). Spectral computed tomography (SCT) is referred to as a scanning technique which separates the energy into two or more energy bands in place of using one broad energy band of x-rays. The introduction of spectral computed tomography has transformed the diagnostic system by providing the radiologists a clearer view of any type of discrepancies in the organs of the body.

Drivers and Constraints Impacting the Market

Spectral computed tomography is an upcoming scanning technique which may overshadow the applications of conventional computed tomography. Computed tomography holds a prominent place in medical imaging. It possesses the ability to create pictures of internal anatomy and transform them to film through diagnostic imaging. With growing incidences of cardiac diseases, orthopedic diseases, neurological diseases, and others, the global market for spectral computed tomography has flourished. The growing geriatric population, rapid advancements in the medical imaging devices, and launch of latest products have further propelled the market growth during the review period. The rise in unknown and novel diseases is also favoring the demand for clearer imaging techniques, thus fostering the market growth.

On the flip side, market saturation in the developed countries coupled with the adverse effects of X-rays is considered to impede the market growth in the coming years. Moreover, the high cost of the devices and lack of skilled physicians are anticipated to retard the market growth.

Competitive Dashboard

The prominent players operating the global spectral computed tomography (CT) market are Trivitron Healthcare (U.S.), Pall Corporation (U.S.), Cleaver Scientific Ltd (U.K.), iCAD Inc. (U.S.), Siemens Healthcare Private Limited (Germany), PerkinElmer Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), NeuroLogica Corp (U.S.), Bio-Rad Laboratories Inc. (U.S.), Hitachi medical corporation (Japan), Shenzhen Anke High-tech Co. Ltd. (China), Xoran Technologies LLC (U.S.), Neusoft Medical Systems (Russia), Varian Medical Systems Inc. (U.S.), Thermo Fisher Scientific (U.S.), Shimadzu Corporation (Japan), Agilent Technologies (U.S.), and General Electric Company (U.S.).

Global Spectral Computed Tomography (CT) Market: Segmental Analysis

The global spectral computed tomography (CT) market has been segmented on the basis of application, type, end-user, and region.

By mode of type, the global spectral computed tomography (CT) market has been segmented into electron beam tomography, spiral CT, positron emission tomography (PET), multi-slice computed tomography, single-photon emission computed tomography, and others.

By mode of application, the global spectral computed tomography (CT) market has been segmented into neurology, oncology, spine, cardiology, body imaging, musculoskeletal disorders, and gastrointestinal diseases.

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By mode of end-users, the global spectral computed tomography (CT) market has been segmented into hospitals, diagnostic centers, and others.

Regional Insights

Geographically, the spectral computed tomography (CT) market has been studied under America, Europe, Asia Pacific, and the Middle East and Africa.

Among all the regions, the American region is considered to dominate the global spectral computed tomography (CT) market due to the presence of huge patient population suffering from cardiovascular diseases, orthopedic diseases, and cancer. Moreover, the well-developed healthcare sector and the ever-increasing geriatric population have influenced the market in this region during the assessment period.

Asia Pacific is expected to be the fastest growing region and is likely to maintain its dominance in the coming years. The growth in this region is attributed to the presence of developing economies such as China and India. Moreover, the presence of huge patient population suffering from chronic diseases and huge opportunities have contributed to the market growth.