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Computed Tomography (CT) Market Will Reach $6 Billion by 2018: Transparency Market Research
Date:7/19/2013

Albany, New York (PRWEB) July 19, 2013

According to a new market research report published by Transparency Market Research "Computed Tomography (CT) Market: Global Industry Analysis, Size, Share & Forecast (2010 - 2017)", global CT market was worth USD 4.3 billion in 2011 and is expected to reach USD 5.6 billion in 2017, growing at a CAGR of 4.5% from 2011 to 2017. The high end slice CT segment is expected to be the largest segment at USD 3.1 billion in 2017. In the overall global CT market, American region is expected to maintain its lead position till 2017 with 37.4% of the global CT market revenue share in 2017 followed by Asia.

The overall CT market is segmented into high end slice, mid end slice, and low end slice CT. The key growth drivers of CT market include continuous increase in aging population and rise in number of patients with chronic diseases. Developing economies are also supporting healthy growth of CT market due to increasing disposable income as well as increase in healthcare spending. Moreover, reducing cost and improved accuracy of diagnosis has further escalated the demand for diagnostic imaging equipment.

The high end slice CT is expected to be the largest segment with a market share of 55.9% in 2017. American region has the largest share in high end slice CT market on account of technological developments in CT as well as increase in health conscious aging population. Europe is the second largest shareholder in CT market; however the growth rate in Asia is high on account of emerging healthcare centers and rise in awareness among people regarding early diagnosis of diseases.

Browse the full report with TOC at http://www.transparencymarketr
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