FARMINGTON, Conn., Dec. 1, 2011 /PRNewswire-iReach/ -- Global Information, Inc. (GII) presents "Computed Tomography (CT) Systems - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017" by GlobalData.
GlobalData estimated the global Computed Tomography (CT) systems market to be worth $3.4 billion in 2010. Driven by high slice CT systems and low-dose CT systems, the market is forecast to grow at a Compound Annual Growth Rate (CAGR) of 5% to reach $4.8 billion by 2017.
Positive clinical evidence of the benefits of using low-dose CT systems on patients with lung cancer is expected to further fuel the market's growth. Hybrid modalities, such as Positron Emission Tomography/CT (PET/CT) and Computed Tomography Laser Mammography (CTLM) systems are helpful in enhancing the applications of CT systems. Rising healthcare spending in developing economies such as China and India is also expected to drive the growth of the CT systems market.
The high slice CT systems category was valued at $1.2 billion in 2010 and is forecast to reach $2 billion in 2017 at a CAGR of 8%. The technological advantages of high slice CT systems over mid and low slice CT systems will continue to drive the growth of the high slice CT systems market in the future. High slice CT systems are preferred to their mid and low slice counterparts due to benefits such as faster scan times and enhanced image quality. High slice CT systems such as 128 slice CT systems and 256 slice CT systems are also being used in the cardiac CT scan area.
Integration of Computed Tomography (CT) Systems and Nuclear Imaging Equipment
There is an increasing trend in the diagnostic imaging market towards hybrid modalities to deliver the maximum benefit to the healthcare provider by enhancing the quality of diagnostic images. Positron Emission Tomography/CT (PET/CT) and Single Positron Emission Computed Tomography/CT (SPECT/CT) are the technologies that are driving the shift from conventional CT systems to hybrid modalities. The integration of multiple technologies is making CT systems a preferred choice for the diagnosis of diseases such as cardiovascular disease, cancer and Alzheimer's disease. Hybrid modalities are more specific, sensitive and accurate than simple CT systems. Medical practitioners prefer to use hybrid modality systems as images of increased metabolic activity in diseased tissues obtained through other modalities, such as PET and SPECT systems, can be superimposed onto the anatomical images produced by a CT systems.
Emerging Economies have Significant Potential to Drive the Computed Tomography (CT) Systems Market over the Next Few Years
The CT systems market in emerging economies such as India and China are expected to grow at CAGRs of 9% and 12%, respectively, over the period 2010-2017. Emerging markets offer new opportunities for companies selling CT systems as slower growth is being witnessed in mature markets such as the US, Europe and Japan.
The governments in emerging countries are taking steps to improve healthcare quality and access to the latest medical advancements. Over the past few years, there has been a significant increase in the partnerships between the governments of emerging countries such as China, India and Brazil and the manufacturers of diagnostic imaging equipment. The strong economic growth in emerging countries is leading to rising income levels along with a rising demand for access to healthcare and an increase in healthcare expenditure. Consequently, healthcare infrastructure expansion will increase the adoption of CT systems in India.
High Slice CT Systems and other Technological Advances to Drive the Global Computed Tomography (CT) Systems Market
The newer high slice CT systems are capable of producing high quality cross sectional images or slices of a whole organ in a single rotation. Diagnosis times are also reduced through the use of high slice CT systems, in addition to the fact that faster CT systems reduce radiation exposure for patients. Newer applications, such as perfusion CT scans and colonoscopy CT scans, are also growing in popularity. Technological advancements are thus expanding the range of applications for CT systems in the areas of cardiovascular diseases and cancer, which is driving the CT systems market.
The top players in the CT systems market are Siemens Healthcare, GE Healthcare, Toshiba Medical Systems Corporation and Philips Healthcare. These four companies accounted for more than 74% of the market share. The market is dominated by these four players due to their global reach, brand presence and technologically advanced products.
GlobalData's new report, "Computed Tomography (CT) Systems - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017" provides key data, information and analysis on the global Computed Tomography (CT) systems market. The report provides market landscape, competitive landscape and market trends information on the CT systems market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market's dynamics. The report also reviews the competitive landscape and technology offerings.
Find CT and MRI and X-ray market research, industry forecasts, and business analysis: http://www.giiresearch.com/topics/MC12_en.shtml
About Global Information Inc.
Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.Media Contact: Jeremy Palaia of Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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