A new research report, titled “Computed Tomography (CT) Market: Global Industry Analysis, Size, Share & Forecast (2010 – 2017)”, has been recently added to the vast research-report repository of Transparency Market Research. The report provides comprehensive market data about shares and sizes of various market elements, along with in-depth insights about past and current trends, opportunities, threats, and a wealth of other market data on the global computed tomography market.
According to the report, the global computed tomography (CT) market is expected to grow from US$4.3 billion in 2011 to US$5.6 billion in 2017, observing growth at an estimated CAGR of 4.5% during 2011 to 2017, the forecast period of the report.
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The report states that the major reasons behind the current growth and future prospects of this market are the rising share of ageing people in the world’s population and an overall rise in patients with chronic diseases throughout the globe. The effect of ageing of a major part of the world’s population is more profoundly evident in the Asia Pacific region.
This report focuses on two segments of the global computed tomography (CT) market – product types and popular markets based on geographic segmentation. Product-type wise, the market is further segmented as low end slice computed tomography (CT), mid end slice computed tomography, and high end slice computed tomography.
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Amongst these segments, the segment of high end slice CT is expected to amass the major chunk of revenues of the global CT market, an estimated 55.9%, and end-up valuing nearly US$3.1 billion by the year 2017.
Amongst the various geographic segments of the global CT market, Americas (North and South America) is expected to acquire nearly 37.4% shares of the global CT market and maintain its lead position in 2017, followed by Asia. Europe stands as the second largest market leader of the global CT market.
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The geographic region of Americas currently also leads in the high-end CT product segment. The chief reasons behind the popularity of this product-type in this region include the huge technological developments and health conscious ageing population.
During the forecast period, growth in the Asia-Pacific region is expected to outpace growth for the CT industry in other major geographic sections, majorly due to the rising awareness, increased financial stability and emerging numbers of healthcare centers in this region.
The rise in disposable incomes and the increase in awareness about early diagnosis of chronic diseases in other developing countries as well is a major factor behind the growth of the global CT market. What is adding fuel to the growth is the declining cost of devices and increasing accuracy with the continuous technological developments in the CT industry.