The computed tomography imaging market is anticipated to exhibit a value-based growth rate of 5.7% between 2020 and 2028, with a projected market size of USD 9,606.4 Million by 2028. This growth can be attributed to the increasing prevalence of target conditions worldwide.
Neurological disorders have emerged as significant contributors to mortality and disability on a global scale. Studies have revealed that chronic pain affects around 100 million individuals, sleep problems afflict 70 million people, and 69 million individuals experience balance and vestibular disorders. These conditions collectively account for 54% of the incidences among the top ten neurological diseases. Moreover, hearing impairment impacts approximately 20% or 48 million people in the United States, while migraines are estimated to affect 28 million individuals. Annually, there are 1.2 million new cases of adult-onset brain disorders, with stroke accounting for 51.3% and Alzheimer's disease for 21.0% of these diagnoses. Furthermore, around 500,000 cases of multiple sclerosis, brain tumors, and amyotrophic lateral sclerosis are diagnosed each year.
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Companies considered and profiled in this market study
Canon Medical Systems, GE Healthcare, Koning Corporation, Fujifilm Holdings Corporation, Neusoft Medical Systems Corporation Limited, Siemens Healthineers, Hitachi Healthcare Systems, Neurologica Corporation, Shenzhen Anke High-Tech Co., and Koninklijke Philips NV, among others.
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The Computed Tomography (CT) Imaging Market is driven by several factors, including:
- Increasing prevalence of target conditions: The rising occurrences of neurological disorders, chronic pain, sleep problems, balance and vestibular disorders, hearing impairment, migraines, and various brain disorders are driving the demand for CT imaging. CT scans play a crucial role in diagnosing and monitoring these conditions.
- Technological advancements: The continuous advancements in CT imaging technology, such as the development of high-resolution imaging, multi-slice CT scanners, and portable CT scanners, have expanded the applications and capabilities of CT imaging. These technological advancements are driving market growth.
- Growing geriatric population: The aging population is more prone to various diseases and conditions that require CT imaging for accurate diagnosis and treatment. The increasing geriatric population is contributing to the growth of the CT imaging market.
However, the CT Imaging Market also faces certain restraints, including:
- High cost of CT scanners: CT scanners are expensive to purchase, install, and maintain. The high cost can limit the adoption of CT imaging technology, particularly in regions with limited healthcare budgets.
- Radiation exposure concerns: CT scans involve exposure to ionizing radiation, which can raise concerns regarding potential health risks. As a result, there is a need to strike a balance between the benefits of CT imaging and minimizing radiation exposure.
- Limited accessibility in developing regions: CT imaging technology may not be readily available or accessible in certain developing regions, primarily due to infrastructure limitations and healthcare resource constraints. This can hinder market growth in these areas.
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