Global CT Machine Market Size Will Escalate to USD 8,115 Million in 2026
A CT machine, also called X-ray computed tomography (X-ray CT) or computerized axial tomography scan (CAT scan), makes use of computer-processed combinations of many X-ray images taken from different angles to produce cross-sectional (tomographic) images (virtual ‘slices’) of specific areas of a scanned object, allowing the user to see inside the object without cutting. Digital geometry processing is used to generate a three-dimensional image of the interior of an object from a large number of two-dimensional radiographic images taken around a single axis of rotation.
Market Insights
The study projects that the CT Machine market will register a 5.13% CAGR in terms of revenue, which is expected to reach USD 8,115 million in 2026 from USD 5,718 million in 2019.
CT machine is one of the fastest developing directions in the field of large-scale medical equipment. CT machine industry has maintained a rapid growth rate. Currently, CT machine market has a certain potential in Europe, USA, and Japan. Demand in these areas is relatively stable. During these years, China’s CT machine industry maintains a rapid growth.
China is the world’s most rapid expansion market of the CT machine. China has won the favor of CT scanner manufacturers with its centralized machine manufacturing base, low production costs, preferential tax policies and a large number of available labors. The industry shows a trend of shifting production to mainland China. Foreign companies began to expand production in China or to transfer some of their production from abroad to China.
Base Year: 2018 | Estimated Year: 2019 | Forecast Period: 2019 to 2026
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Competitive Outlook
The major global CT Machine market competitors include GE Healthcare, Siemens, Philips, Toshiba, Shimadzu, Hitachi, Carestream Healthcare, NeuroLogica, Neusoft Medical, Shenzhen Anke High-tech, United-imaging, etc.
All manufacturers in the world are committed to improving their products. The future trend is that CT scanners will have wider coverage, faster scanning speed, and higher resolution. Meanwhile, Chinese manufacturers are improving their technology. In the future, some Chinese manufacturers can catch up with the world's leading technologies. At present, GE Healthcare, Siemens Healthcare and Philips (Abbreviation: GPS) have the world’s best technology. GPS is leading the trend of technological development.
Type Outlook
• Non-spiral scan CT
• Single-slice spiral scan CT
• Multi-slice spiral scan CT
Application Outlook
• Head
• Lungs
• Pulmonary angiogram
• Cardiac
• Abdominal and pelvic
Regional Outlook
l North America: United States, Canada, and Mexico
l Asia-Pacific: China, Japan, India, Southeast Asia, and Australia
l Europe: Germany, UK, France, Italy, Russia, and Spain
l Latin America: Brazil, Argentina, and Colombia
l The Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
Regionally, Asia-Pacific is the largest sales volume market for CT machine, with a revenue market share nearly 32.95% in 2018. The next is North America and Europe, accounting for 29.61% and 26.34% respectively. The growth in the Asia-Pacific region can be attributed to a sharp change in lifestyle leading to an increase in obesity levels and an increase in the incidence of cardiovascular diseases. In addition, favorable demographic trends, such as the increase in the elderly population base and the increase in disposable income, will promote regional growth in the forecast period.
CT machine in North America accrued a revenue of roughly USD 1610 million in 2018. Considerable revenue share can be accounted to the high awareness regarding the availability of CT machine coupled with high healthcare expenditure. Additionally, favorable government initiatives that support development in CT machine will positively impact industry growth.
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The research report provides in-depth analysis on:
• The estimation of the growth rate, market size and share of the CT Machine Market throughout the forecast period.
• The assessments for the regional market layout characteristics in the world.
• The SWOT of the CT Machine Market.
• Leading manufacturers’ profiles, product features, business features, target customer features.
• Significant trends for the growth prospects of the CT Machine Market by 2026.
• The report tracks detailed information about merges, innovations, policies and recent developments in the industry.
Target Audience:
CT Machine manufacturers
Distributors and resellers of CT Machine
CT Machine industry associations
Product managers, CT Machine industry administrator, C-level executives of the industries
CT Machine potential investors
CT Machine key stakeholders
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of CT Machine Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of CT Machine Market by Types
4 Segmentation of CT Machine Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of CT Machine Market in Major Countries
7 North America CT Machine Landscape Analysis
8 Europe CT Machine Landscape Analysis
9 Asia Pacific CT Machine Landscape Analysis
10 Latin America, Middle East & Africa CT Machine Landscape Analysis
11 Major Players Profile
11.1 GE Healthcare
11.1.1 GE Healthcare Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Siemens
11.3 Philips
11.4 Toshiba
11.5 Shimadzu
11.6 Hitachi
11.7 Carestream Healthcare
11.8 NeuroLogica
11.9 Neusoft Medical
11.10 Shenzhen Anke High-tech
11.11 United-imaging
…
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