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Albany, New York, July 24, 2019 (GLOBE NEWSWIRE) -- According to the new market research report by Transparency Market Research, the global CT scanners market was valued at US$4,384.1 mn in 2017. The growth rate projected by the research report was at a CAGR of 5.9% over the course of the given forecast period of 2017 to 2022. This CAGR could allow the market to reach an overall valuation of US$6,429.8 mn by the end of 2022.
Product Innovation is the Focus for Key Players to Gain Edge over Rivals
The research report states that the global CT scanners market has a moderately consolidated vendor landscape. Among the established players in the market, General Electric Healthcare is a dominant force due to its high brand value and a wider range of products. The company is a pioneer in the field of quantitative dual-energy CT scanners. These scanners are among the best in the business and provide low-dose images with high resolution and quality. The company also boasts a strong international presence with offices in over 180 countries and has one of the best R&D facilities to offer high-end products.
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Some other prominent companies in the market such as Siemens, neuroLogica, and Philips are concentrating more on enhancing their distribution channels through strategic collaborations and thus, gain a competitive advantage over their rivals. These companies are also investing heavily in research and development activities to bring out product innovation. For instance, Siemens Healthcare recently collaborated with the National Institute Health Clinical Center to develop a new range of CT scanners. These scanners were named as photon-counting CT scanners. These devices were aimed at providing a better quality of images with lesser exposure to radiation.
Some of the other prominent names in the global CT scanners market include names such as Koning Corporation, Shimadzu Corporation, Toshiba Corporation, Accuray Incorporated, and Medtronic PLC among others.
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Booming Healthcare Infrastructure to Help in Market Growth
Some of the key driving and restraining factors influencing the global CT scanners market are listed below:
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With all the growth factors mentioned above, the global market for CT scanners is still struggling with the lack of well-trained professionals that can handle such advanced devices. This factor is one of the key restraining factors for the growth of the global market.
However, increasing demand for bedside imaging and development of portable CT scanners is projected to present lucrative business opportunities for the CT scanners market in the near future.
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The review presented here is based on the findings of a TMR report, titled “CT Scanners Market (Product Type - C-Arm and O-Arm; End User - Hospitals, Diagnostic Centers, Research & Academic Institutions, Ambulatory Care Centers, and Veterinary Clinics and Hospitals; Modality – Standalone and Portable; Technology - High-slice, Mid-slice, Low-Slice, and Cone Beam) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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