CT Scanner Market Assessment, Size, Value, Share, Growth, Trends, Competition, Industry Analysis, Market Intelligence, Actionable Insights Report; By Technology, By Modality Architecture, By Application, By End-User, By Region and By Country; Outlook and Forecast, 2024 – 2032

Report Summary

The Global CT Scanner Market size was valued at USD 6.5 billion in 2023 and is predicted to surpass USD 11 billion by the end of 2032. The CT scanner industry is expected to grow by a CAGR of 7% between 2024 and 2032.

CT Scanner Market: Overview

CT scan is an acronym for Computed Tomography scans. These devices help create detailed cross-sectional images of the body. These devices provide detailed images of soft tissues, bones, internal organs, and blood vessels. These scans are widely used for diagnosing a large number of medical conditions like neurological disorders, cardiovascular and musculoskeletal injuries, and many others. Furthermore, these are important for planning the surgical procedures of the patients. Additionally, CT scans help monitor the progression of diseases post-operation.

Key Insights

• As per the analysis shared by our research analyst, the global CT scanner market size is estimated to grow annually at a CAGR of around 7% over the forecast period (2024-2032).

• In terms of revenue, the global CT scanner market size was valued at around USD 6.5 billion in 2023 and is projected to reach USD 11 billion by 2032.

• Rising prevalence of chronic disease is driving the growth of the global CT scanner market.

• Based on the end-user, the hospitals and ambulatory surgical center segment is growing at a high rate and is projected to dominate the global market.

• Based on the modality architecture, the O arms segment is projected to swipe the largest market share.

• Based on application, the orthopedics segment is expected to dominate the global market.

• Based on technology, the cone beam computed tomography segment is anticipated to witness high CAGR during the forecast period.

• Based on region, North America is expected to dominate the global market during the forecast period.

CT Scanner Market: Growth Drivers

Rising prevalence of chronic disease is driving the growth of the global market

Chronic diseases like cancer, neurological conditions, and cardiovascular disorders are increasing globally. These diseases cause a huge demand for diagnostic imaging procedures like CT scans, which in turn is a primary reason for the high growth rate of the global CT scanner market. Furthermore, the increasing applications of CT scanners across different medical specialties like neurology, cardiology, oncology, and others are further expected to boost the growth of the industry in the coming years. Continuous development in CT scanning technology is expected to revolutionize the market in the coming years. Better CT scanning technology offers faster scanning times, improved image resolution, enhanced imaging capabilities, and reduced radiation dose. Manufacturers are coming up with more advanced features like dual-energy imaging, multi-slice scanning, spectral CT, and many others to increase the adoption rate of CT scanners in clinical settings. All these factors are likely to propose the growth of the regional market in the coming years. For instance, Allengers came up with 32 slice CT scanners in 2020. The initiators collaborated with Canon Medical Systems Corporation and worked at the Indian Radiological and Imaging Association.

CT Scanner Market: Restraints

High equipment costs are restraining the growth of the global market

CT scans are advanced medical devices that require capital investments, installation, acquisition, and ongoing maintenance services. This high upfront cost poses financial challenges for healthcare facilities, particularly the ones with limited budgets. Also, limited reimbursement policies all across the globe are posing a huge challenge to financing, which is further anticipated to impact the accessibility and affordability of CT scanners. Market saturation is also expected to negatively impact the growth of the industry. Technological innovations, pricing strategies, and product differentiation are some of the factors pressuring manufacturers.

CT Scanner Market: Opportunities

Growing demand for minimally invasive procedures is likely to foster growth opportunities in the global market

A significant shift towards minimally invasive surgical procedures is expected to widen the scope of the global CT scanner market. There is a growing demand for image-guided scanning solutions and intraoperative scanning in the market. CT scanning plays an important role in post-operative assessment, operative navigation, and preoperative planning. The growing awareness among people regarding early detection and treatment measures is further expected to drive demand for imaging technology like CT scans in the market. Also, emerging economies like Latin America and the Asia Pacific are expected to pave a positive growth trajectory for the industry in the coming years. Factors like developing healthcare infrastructure, growing disposable income of people, industrialization, urbanization, and government incentives are likely to contribute heavily towards the growth of the industry. For instance, Canada Diagnostic Centre unveiled its plan to acquire Guardian Radiology and The Ultrasound Centre in 2023. The major aim of this strategic acquisition is to expand its capabilities and offer exceptional medical imaging services.

CT Scanner Market: Challenges

Regulatory compliance is a big challenge in the global market

The need to comply with the stringent government regulatory policies poses a challenge in the CT scanner industry. Authorities like the FDA are setting safety standards and approval procedures to ensure the quality of care for patients. Furthermore, the rising concerns over radiation exposure are further expected to negatively impact the growth of the industry.

CT Scanner Market Report Scope & Snapshot 

CT Scanner Market: Segmentation

The global CT scanner market can be segmented into end-user, modality, application, technology, and region. 

On the basis of end-users, the market can be segmented into diagnostic imaging centers, hospitals & ambulatory surgical centers, and others. The hospitals and ambulatory surgical center segment accounts for the largest share of the CT scanner industry during the forecast period. Hospitals and ambiguous surgical centers have higher patient footfall, and therefore, it is a primary reason for the high growth rate of the segment. These centers cater to patients seeking diverse medical services like diagnostic procedures, including CT scans. Furthermore, these centers help patients with comprehensive healthcare services with all medical specialties under one roof. CT scans are of high use in emergency cases, surgical suits, or intensive care units. Therefore, the centers are best for people undergoing crucial surgical operations.

On the basis of modality architecture, the market can be segmented into C arms and O arms. O arm is the fastest-growing segment in the global CT scanner market. O arm systems, also referred to as intraoperative CT scanners, are of utmost use in surgical procedures. These offer detailed anatomical information, therefore helping in surgical operations, particularly in the cases of complex procedures like neurosurgery. Furthermore, these scanners foster the adoption of minimally invasive surgical techniques with solutions like the O-arm system. This helps people to execute the surgeries with minimally invasive procedures along with safety and accuracy by offering 3-D structure visualization and verifying instrument placement.

On the basis of application, the market can be segmented into neurology, oncology, cardiovascular, orthopedics, and others. The orthopedics segment is likely to dominate the CT scanner industry in the coming years. The rising incidences of musculoskeletal disorders like sports injuries, degenerated joint diseases, fractures, and spinal disorders are positively impacting the growth of the segment. These incidents are becoming prevalent because of this sedentary lifestyle, aging population, and sports participation. Therefore, these scans help in preoperative planning, diagnosis, and post-operative assessment of such conditions. Furthermore, advancements in CT imaging technology help orthopedic surgeons easily access injuries with minimal surgical interventions. The increasing number of joint replacement surgeries is another major reason for the expansion of the scope of the segment in the market. CT scans are vital for the analysis of implant sizing in joint replacement surgeries like shoulder arthroplasty, knee arthroplasty, total hip arthroplasty, and many others.

On the basis of technology, the market can be segmented into cone beam computed tomography, low slice, mid slice, and high slice. The cone beam computed tomography segment is projected to witness significant growth in the global CT scanner market in the coming years. The CBCT technology plays an important role in dental imaging. They offer higher resolution 3-D visualization with short scan times to lower the radiation dose to patients compared to the traditional system. Such advancements make the CBCT technology ideal for applications like orthodontic treatment planning, endodontic assessment, dental implant planning, and temporal joint imaging. CBCT technology helps professionals expand applications in maxillofacial imaging for the analysis of facial anatomy. These scans are much in demand because they offer detailed visualization, thereby offering accurate diagnosis. Additionally, the growing scope of intervention technology is further boosting its demand in the market. The technology helps in interventional radiology procedures like vascular intervention, tumor ablation, and image-guided biopsy. Real-time 3D imaging helps visualize the target anatomy and uses the catheters with high accuracy, thereby improving the success rate and patient outcomes.

CT Scanner Market: Regional Analysis

North America to dominate the global market

North America accounts for the largest share of the global CT scanner market during the forecast period. One of the major reasons for the high growth rate of the regional market is the advancements in healthcare infrastructure. The region is at the forefront of technological innovations, and manufacturers are continuously innovating with scanning technology, thereby offering advanced features like iterative reconstruction, dual-energy CT, spectral imaging, and artificial intelligence integration. Such developments significantly improve patient outcomes and diagnostic accuracy, which in turn is expected to stimulate the demand for high-performing CT scanners. Reimbursement policies and proper financing options for healthcare facilities are expected to positively increase the adoption of scanning applications in the region. Therefore, all these factors are expected to be major factors contributing to the growth of the regional market.

Asia Pacific is another major region likely to experience a high growth rate in the coming years. Rapid economic growth is a leading factor in facilitating the growth of regional markets. Furthermore, the infrastructure development and expansion of medical facilities are driving the growth of the industry in the region. The growing disposable income of people is also accentuating the demand in the market. The rising prevalence of chronic diseases like cardiovascular diseases and cancer is also accentuating the growth of the regional market. For instance, Sparsh Health and Sita Bhateja Hospital successfully completed their hundred spine surgeries in 2023. These complex spine surgeries were executed using an O arm surgical imaging system in India.

CT Scanner Market: Competitive Analysis

The key players in the global CT scanner market include Accuray, Canon Medical Systems, Carestream Health, CurveBeam AI, Fujifilm Holdings, GE HealthCare, Koning Health, Koninklijke Philips, Medtronic, Neusoft Medical Systems, PLANMED, Samsung NeuroLogica, Shanghai United Imaging Healthcare, Shenzhen Anke High-Tech, Shimadzu, Siemens Healthineers, Xoran Technologies, and others.

The global CT scanner market is segmented as follows:

By End-User 

• Diagnostic Imaging Centers
• Hospitals & Ambulatory Surgical Centers
• Others

By Modality Architecture

• C Arms
• O Arms

By Application 

• Neurology
• Oncology
• Cardiovascular
• Orthopedics
• Others

By Technology 

• Cone Beam Computed Tomography
• Low Slice
• Mid Slice
• High Slice