North America Computed Tomography (CT) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

North America Computed Tomography (CT) Market is segmented by Type (Low Slice, Medium Slice, and High Slice), Application, End-User, and Geography

Market Snapshot

North America Computed Tomography Size
Study Period: 2018 - 2026
Base Year: 2021
CAGR: 8.2 %
North America Computed Tomography Key players

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Market Overview

The major factors for the growth of the North American computed tomography (CT) market include the rising geriatric population and increase in the incidences of chronic diseases, increase in the shift of medical care toward image-guided interventions, and technological advancements.

The burden of chronic diseases is on the rise, across the world, and medical imaging procedures play a crucial role in the accurate diagnosis of these diseases. Chronic diseases, such as heart disease, stroke, cancer, diabetes, obesity, and arthritis, are among the most common, expensive, and preventable health problems. According to the estimates of CDC, six in ten Americans live with at least one chronic disease, like heart disease, cancer, stroke, or diabetes. These, along with other chronic diseases, are the leading causes of death and disability in America, and they are the leading drivers of healthcare costs. Furthermore, chronic diseases are responsible for seven out of every 10 deaths in the United States, killing more than 1.7 million citizens every year. To prevent the impact of chronic diseases on individuals and the society, research is being conducted for the early detection of such disorders. The access to technology and the relative cost of CT procedures, as compared to other modalities, make it a preferred choice of imaging. CT scan is being increasingly used to diagnose these diseases, which is also increasing its demand. A similar trend is observed in Canada and in some parts of Mexico.

Scope of the Report

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. Also called computerized axial tomography (CAT) scanning, it is primarily used for the diagnosis of cancer. The market is segmented on the basis of type, application, and end user.

By Type
Low Slice
Medium Slice
High Slice
By Application
Oncology
Neurology
Cardiovascular
Musculoskeletal
Other Applications
By End User
Hospitals
Clinics
Diagnostic Services
Other End Users
Geography
North America
United States
Canada
Mexico

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Key Market Trends

The Oncology Segment is Expected to Account for Largest Market Share, during the Forecast Period

Oncology deals with the diagnosis and treatment of tumors and cancers, while cancer is one of the leading causes of morbidity and mortality. In both the sexes, lung, breast, and colorectal cancers are among the most common cancers, across the world, with lung cancer alone contributing to more than 13% of the total cases diagnosed. Cancer has a major impact on society in the United States and across the world. As per the National Cancer Institute, in 2018, an estimated 1,735,350 new cases of cancer were diagnosed in the United States with 609,640 deaths. The most common cancers are breast cancer, lung and bronchus cancer, prostate cancer, colon and rectum cancer, melanoma of the skin, bladder cancer, non-Hodgkin lymphoma, kidney and renal pelvis cancer, endometrial cancer, leukemia, pancreatic cancer, thyroid cancer, and liver cancer.

North America Computed Tomography Trends

Competitive Landscape

The North American computed tomography (CT) market is a fragmented one, owing to the presence of a several major players. The major market players, such as Canon Medical Systems Corporation, Koninklijke Philips NV, GE Healthcare, and Siemens Healthineers, hold significant shares in the industry. Most of the major players are focusing on bringing technologically advanced products into the market, in order to acquire the maximum shares.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Geriatric Population and Burden of Chronic Diseases

      2. 4.2.2 Increase in Shift of 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

    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 Clinics

      3. 5.3.3 Diagnostic Services

      4. 5.3.4 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    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 Hitachi Healthcare Systems

      5. 6.1.5 Koning Corporation

      6. 6.1.6 Koninklijke Philips NV

      7. 6.1.7 NeuroLogica Corporation

      8. 6.1.8 Neusoft Medical Systems Co. Ltd

      9. 6.1.9 Shenzhen Anke High-Tech Co.

      10. 6.1.10 Siemens Healthineers

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The North America Computed Tomography (CT) Market market is studied from 2018 - 2026.

The North America Computed Tomography (CT) Market is growing at a CAGR of 8.2% over the next 5 years.

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

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