The report depicts the improvement of the business by and large Challenging and Sub consecutive industry advancement, key organizations, and also compose fragment and market application and so on, and makes an authentic Forecast for the advancement business prospects based on investigation. at long last, Computed Tomography (CT) Market investigations opportunities for interest in the business toward the end of the report.
Computed Tomography (CT) Market report presents an extensive assessment of the Computed Tomography (CT) including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies.
Computed Tomography (CT) Market Report gives strategists, advertisers and senior administration with the basic data they have to evaluate the Global Computed Tomography (CT) Market. Alongside deliberately breaking down the key small scale Market, the report likewise centres around industry-particular drivers, restrictions, openings and difficulties in the Computed Tomography (CT) market. This examination report offers top to bottom investigation of the market measure (income), piece of the overall industry, real market portions, and diverse geographic locales, gauge for the following five years, key market players, and premium industry patterns. It likewise centres around the key drivers, restrictions, openings and difficulties.
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The computed tomography (CT) market is expected to register a CAGR of 5.4% during the forecast period of 2018â€“2023. CT is used to take the images of internal body organs.
Increasing Incidences of Cancer and Chronic Diseases
Chronic diseases, such as heart disease, cancer, diabetes, stroke, and arthritis have long lasting effects, persisting for more than three months. Cardiovascular diseases account for 17.5 million deaths annually, followed by cancers (8.2 million). To prevent the impact of chronic diseases on individuals and the society, a lot of research is being carried out to find drugs that can cure such disorders. Thus, there is an increase in the demand for CT scans.
It is estimated that nearly 550,000 new cases of head & neck cancer are diagnosed globally each year. According to the American Cancer society nearly 40,000 people in the United States are diagnosed with head & neck cancer, out of which 12,000 were supposed to die in 2014. This number is estimated to increase if serious measures are not taken. Head & neck cancer accounts for nearly 5-6% of the cancer cases in the United States alone. In 2010, the total annual incremental cost of health due to pain was approximately USD 560 billion to USD 635 billion in the United States, which includes the medical cost of pain care and the economic cost related to disability days. With increasing incidences of cancer, the market for CT scans is forecasted to increase simultaneously. The other major drives for the computed tomography (CT) market include the increase in the global aging population, technological advances, and growing public awareness for healthcare.
CT reimbursements have been cut substantially. Imaging facilities are squeezing more life from their CT scanners in response to lower reimbursement. For instance, Centers for Medicare & Medicaid Services recently declared a reduced reimbursement for CT by 21% and MRI by 12% respectively. The cost of any treatment in the public sector is determined by the set scale of fees for individual cost operations and by a sliding scale of reimbursement. However, in the private sector, the cost of treatment is highly unchecked. This adds to the patientsâ€™ expenditure as only a fixed amount or a part of expenses are reimbursed, which is a major restraint for the market. The other restraint for the computed tomography (CT) market is the expensive procedures and equipment.
North America Leads the Market
The North American CT market held the largest market share in 2017 due to the high adoption to new technologies and spending capacity.
â€¢ Feb 2018: Arterys receives its first FDA clearance for oncology imaging suite with deep learning.
â€¢ Dec 2017: Siemens partnered with Amazon for developing industrial software.
â€¢ Aug 2017: Siemens updated its medical scanner software which can deal with Windows bugs.
The major players: FUJIFILM, GE HEALTHCARE, HITACHI HEALTHCARE SYSTEMS, NEUROLOGICA CORPORATION, NEUSOFT MEDICAL SYSTEMS CO. LTD, PHILLIPS, SAMSUNG, SHENZHEN ANKE HIGH-TECH CO., SIEMENS, and TOSHIBA MEDICAL SYSTEMS, among others.
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Computed Tomography (CT) Market Forecast 2018-2023
The Computed Tomography (CT) industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Computed Tomography (CT) production, supply, sales and market status.
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