The global CT scanners market is projected to grow at a CAGR of 5.9 percent from 2017 to 2022, to reach a value of USD 6429.8 million by 2022 from USD 4834.1 million in 2017, projects Transparency Market Research. Increasing preference of the patients for minimally invasive diagnostic procedures, improved healthcare infrastructure in various emerging economies, recent product improvements including the advent of portable CT scanners, and escalating geriatric population which requires bedside imaging and home healthcare are major factors driving the market growth.
The portable CT scanners segment is gaining popularity at a rapid rate, which is a reflection of increasing number of device installations across developed markets, lower switching costs provided by these portable products, and growing application horizons. Based on product type, the O-arm segment accounted for 70 percent of the overall demand in CT scanners market in 2017, and is anticipated to maintain a similar chunk of demand until 2022 too, wherein it will promise revenue of USD 4530.6 million. The demand for the O-arm CT scanners segment is projected for a CAGR of 6 percent.
Geographically, the North American CT scanners market was most profitable among all regions, generating a revenue of USD 1844.7 million, and expanding at an above-average CAGR of 6.2 percent during 2017–2022 to be worth USD 2486.4 million by 2022. The increasing geriatric population, increasing emphasis on minimally invasive procedures, robust reimbursement policies, and rising private and public investments are some of the key factors augmenting the demand in the region. Europe is currently the second most profitable region, promising a demand for CT scanners worth of USD 1860.2 million by 2022. This is a reflection of early adoption of new technology and moderate healthcare facilities in the region. That being said, APEJ region is projected to show the best growth rate, equaling that of North America. This region includes two of the most promising country-wide markets of India and China, which are among the fastest growing economies in the world.