CT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Computed Tomography (CT) Market is Segmented by Type (Low Slice, Medium Slice, and High Slice), by Application (Oncology, Neurology, Cardiovascular, Musculoskeletal, and Other Applications), by End User (Hospitals, Diagnostic Centers, and Other End Users), and by Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the market size and forecast in value (USD million) for the above segments.

Computed Tomography Market Size

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Computed Tomography (CT) Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 8.64 Billion
Market Size (2029) USD 11.62 Billion
CAGR (2024 - 2029) 6.12 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Computed Tomography (CT) Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Computed Tomography Market Analysis

The Computed Tomography Market size is estimated at USD 8.64 billion in 2024, and is expected to reach USD 11.62 billion by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).

The increasing number of COVID-19 cases has increased demand for CT scanners, which is expected to impact the market positively. For instance, in June 2020, the Abu Dhabi Health Services Company (SEHA) launched a 16-slice mobile CT scanner in the UAE for diagnosing pneumonia in COVID-19 patients, indicating that developing countries are using CT scanners for the detection of COVID-19. The CT examination played an important auxiliary role in the diagnosis and subsequent management of COVID-19 patients. CT scans can reduce the chance of false-negative results in the RT-PCR assay. These findings led to an increased demand for CT scans in the country during COVID-19. Governments worldwide are adopting policy measures to reduce the transmission of COVID-19, which is further decreasing the demand for imaging independent of COVID-19. Measures taken by hospitals to expand crisis capacity are further reducing the amount of appropriate medical imaging that can be safely performed.

CT scans are considered the most critical diagnostic tool, especially for lung cancer and traumatic brain injuries. The prevalence of these diseases is boosting the market's growth. Other market drivers are the rising geriatric population, increasing chronic diseases, shifting medical care toward image-guided interventions, and technological advancements. As per the data published by the American College of Chest Physicians in July 2020, lung cancer is one of the most frequently diagnosed cancers. It accounts for 11.6% of the total cancer cases globally. Worldwide lung cancer incidents are estimated to increase by 38%, to 2.89 million, by 2030. A CT scan provides 3D images of bones and helps in better diagnosis and surgeries for orthopedics. Thus, with the rising burden of orthopedic disorders, the demand for CT scanners is also expected to grow.

Major companies in the market are coming up with new CT devices, which are driving the growth of the market studied. For instance, in July 2022, Siemens Healthineers presented its newly launched CT imaging device at the European Congress of Radiology (ECR) 2022 held in Vienna. By presenting the new CT devices, the company has promoted its imaging portfolio across European countries. Hence, with the new launches coming from global companies, the market studied is expected to grow significantly during the coming years.

However, a lack of adequate reimbursement and a stringent regulatory framework are expected to hinder the market's growth.

Computed Tomography Market Trends

This section covers the major market trends shaping the Computed Tomography (CT) Market according to our research experts:

The High Slice Segment is Expected to Observe Healthy Growth 

High-slice scanners have more than 128 slices, such as 256, 320, and 640 slices, the highest number of slices. Due to the COVID-19 outbreak, companies were developing new products and ramping up production, as CT scanners are used as a primary tool in many areas. In July 2022, Dr. LH Hiranandani Hospital, India, installed 384-slice cardiac CT scan devices by Siemens Heathineers. Cardiologists and cardiac surgeons can make more informed decisions about the next step in the patients' care owing to the modern, AI-based CT scanner that has three times greater diagnostic accuracy (compared to the previous 128 slices for cardiac).

A high-slice CT scanner helps reduce scan time, increase patient throughput, reduce radiation doses, and offer images with more detail and fewer artifacts. It is also preferred for advanced imaging, like in cardiovascular exams. On the other hand, patients with arrhythmias, fast heart rates, obesity, and pediatric patients are better suited for high-slice systems, which are faster and have a larger imaging area. High-slice CT is also quicker as no film images need to be developed. Radiologists can further optimize images using computers to detect microcalcifications that could be missed on low- and medium-slice CT scanners. Thus, the advantages of high-slice CT scanners may boost the market's growth.

These CT scanners are one of the most advanced, providing 3D images of virtually any patient, including those with cardiac or respiratory conditions, which are more complex than other conditions. As per the data provided by the British Heart Foundation report in January 2021, cardiovascular and circulatory diseases cause more than 27% of deaths in the United Kingdom, and about 7.6 million people in the country are living with heart diseases. Therefore, such factors are expected to drive the segment's growth in the future.

Computed Tomography (CT) Market - Estimated Number of Cancer Cases (in Million), Global, 2020-2040

North America Accounted for the Largest Share in the Computed Tomography (CT) Market

The North American computed tomography (CT) market holds a significant share globally. The growth of the market in the region is due to an increasing burden of chronic diseases such as cancer and neurological diseases, the presence of a well-established healthcare system, and increased awareness about medical imaging.

The US market's growth can be attributed to the rising geriatric population. As the population ages, more cancer cases and chronic diseases are likely to be identified. According to the National Brain Tumor Society, in 2020, about 700,000 people in the United States had a brain tumor, and around 87,000 people are estimated to be diagnosed with it. Hence, the rising geriatric population is leading to a growing burden of chronic diseases, which may increase the demand for CT scans and drive the market.

According to the PubMed report, the estimated investment for cardiovascular diseases was USD 2,622 million in 2022, a significant increase from the 2021 figures of USD 2,499 million. CT rapidly creates detailed pictures of the heart and its arteries. The test can diagnose or detect plaque build-up in the coronary arteries to determine the risk of heart disease, leading to high demand for CT scans in disease management. The market players are focusing on growth strategies, such as product launches, innovations in existing products, and mergers and acquisitions. For instance, in May 2021, Siemens Healthineers launched SOMATOM X-ceed, which has a high-speed and high-resolution CT scanner with an intelligent operation approach that simplifies procedures for medical staff and patients.

Computed Tomography (CT) Market - Growth Rate by Region

Computed Tomography Industry Overview

The computed tomography (CT) market is consolidated due to the presence of a few major players, including Canon Medical Systems Corporation, Koninklijke Philips NV, GE Healthcare, and Siemens Healthineers. These major players hold a significant share of the industry. Most of the players focus on bringing technologically advanced products into the market to acquire the maximum market share.

Computed Tomography Market Leaders

  1. Canon Medical Systems Corporation

  2. GE Healthcare

  3. Koninklijke Philips NV

  4. Siemens Healthineers

  5. Fujifilm Holdings Corporation

*Disclaimer: Major Players sorted in no particular order

Computed Tomography (CT) Market Concentration
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Computed Tomography Market News

  • June 2022: Trivitron Healthcare announced plans to launch made-in-India CT-Scan and MRI systems in fiscal year 2022-23. It will be for both Indian and international markets, and it will be used for better diagnosis in remote areas too because of its smart features, cost, and portability.
  • April 2022: Wipro GE Healthcare launched next-generation Revolution Aspire CT (Computed Tomography) scanner. Revolution Aspire is designed and manufactured end-to-end in India, at the newly launched Wipro GE Medical Devices Manufacturing plant, in line with the "Atmanirbhar Bharat" initiative.
  • April 2022: Siemens announced the commencement of a new production line in Bengaluru, India, to manufacture CT scanners.
  • November 2021: Siemens Healthineers launched a photon-counting CT scanner called Naeotom Alpha, and this system is cleared for clinical use in the United States and Europe.
  • May 2021: Royal Philips launched the spectral detector-based Spectral Computed Tomography (CT) 7500 for precision diagnostics.

Computed Tomography Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Geriatric Population and Increasing Incidences of Chronic Diseases

      2. 4.2.2 Shifting Medical Care Toward Image-guided Interventions

      3. 4.2.3 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Adequate Reimbursement

      2. 4.3.2 Stringent Regulatory Framework

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Type

      1. 5.1.1 Low Slice

      2. 5.1.2 Medium Slice

      3. 5.1.3 High Slice

    2. 5.2 By Application

      1. 5.2.1 Oncology

      2. 5.2.2 Neurology

      3. 5.2.3 Cardiovascular

      4. 5.2.4 Musculoskeletal

      5. 5.2.5 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Diagnostic Centers

      3. 5.3.3 Other End Users

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Canon Medical Systems Corporation

      2. 6.1.2 Fujifilm Holdings Corporation

      3. 6.1.3 GE Healthcare

      4. 6.1.4 Shimadzu Corporation

      5. 6.1.5 Koning Corporation

      6. 6.1.6 Koninklijke Philips NV

      7. 6.1.7 Neusoft Medical Systems Co. Ltd

      8. 6.1.8 Siemens Healthineers

      9. 6.1.9 Carestream Health

      10. 6.1.10 Planmeca Group (Planmed OY)

      11. 6.1.11 Stryker Corporation

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Computed Tomography Industry Segmentation

As per the scope of the report, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images or scans of areas inside the body. The Computed Tomography (CT) Market is Segmented by Type (Low Slice, Medium Slice, and High Slice), by Application (Oncology, Neurology, Cardiovascular, Musculoskeletal, and Other Applications), by End User (Hospitals, Diagnostic Centers, and Other End Users), and by Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size and forecast in value (USD million) for the above segments.

By Type
Low Slice
Medium Slice
High Slice
By Application
Other Applications
By End User
Diagnostic Centers
Other End Users
By Geography
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America
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Computed Tomography Market Research FAQs

The Computed Tomography (CT) Market size is expected to reach USD 8.64 billion in 2024 and grow at a CAGR of 6.12% to reach USD 11.62 billion by 2029.

In 2024, the Computed Tomography (CT) Market size is expected to reach USD 8.64 billion.

Canon Medical Systems Corporation, GE Healthcare, Koninklijke Philips NV, Siemens Healthineers and Fujifilm Holdings Corporation are the major companies operating in the Computed Tomography (CT) Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Computed Tomography (CT) Market.

In 2023, the Computed Tomography (CT) Market size was estimated at USD 8.14 billion. The report covers the Computed Tomography (CT) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Computed Tomography (CT) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Computed Tomography Industry Report

Statistics for the 2024 Computed Tomography market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Computed Tomography analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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CT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)