China Computed Tomography Market Size

China Computed Tomography Market Analysis

The China Computed Tomography Market size is estimated at USD 1.34 billion in 2024, and is expected to reach USD 1.79 billion by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029).

During the early stages of the pandemic, the Chinese government imposed a state-wide public transportation freeze, effectively halting all diagnostic department operations. Patients for imaging and therapy in the cardiovascular, dental, oncology, and orthopedic departments were drastically reduced, and procedures were postponed until the situation returned to normal. For instance, according to the study published in the Journal of Cardiovascular Computed Tomography in January 2023, CT was widely employed as a supportive tool in the diagnosis of COVID-19 in China during the early stages of the outbreak. Hence, the COVID-19 pandemic had a favorable impact on the market initially; currently, as the pandemic has subsided, the market has lost some traction. However, it is expected to have stable growth during the forecast period of the study.

Factors, such as the growing burden of chronic diseases and technological advancements in computed tomography are expected to drive the market in the forecast period. For instance, according to the study published in the Chinese Medical Journal in March 2022, in China, there were around 4,820,000 cancer cases and 3,210,000 cancer deaths in 2022. In China, lung cancer is the most frequent type of cancer. Thus, the growing burden of cancer is expected to boost the demand for effective diagnosis devices which is likely to contribute to the market growth.

China has offered many opportunities to the key players in the industry. Therefore, many foreign players are trying to establish their presence in the Chinese market. For instance, in September 2021, Tencent obtained a Class III medical device license for its pneumonia CT imaging software to support triage and assessment, becoming the first internet company in China to obtain a Class III AI medical license. Various strategic initiatives are being undertaken by the major players. These include mergers, acquisitions, collaborations, partnerships, and product launches. Similarly, expansion by the key market player in the facility of manufacturing digital radiographs is expected to boost the market in the country, for instance, In July 2021, FUJIFILM presented the idea of smart imaging and smart hospital in China. In terms of smart imaging, Fujifilm (China) integrated advanced IT technologies such as the Internet, the Internet of Things, sensors, chips, and algorithms with its years of accumulation in medical imaging fields such as X-ray, nuclear magnetic, computed tomography, ultrasound, and optics.

Hence, owing to these factors, the studied market is expected to witness significant growth in the country. However, high cost associated with the CT scan and procedures may hamper the market growth over the forecast period.