Computed Tomography Market Size, Share, and Trends 2024 to 2034

Computed Tomography Market Size and Forecast 2024 to 2034

The global computed tomography market size is estimated at USD 6.45 billion in 2024 and is anticipated to reach around USD 12.45 billion by 2034, expanding at a CAGR of 6.80% from 2024 to 2034.

Computed Tomography Market Key Takeaways

• By technology, the high-end slice (more than 64 slices) segment reached highest market share of over 35.4% in 2023.
• The CBCT segment is growing at the strongest CAGR over the forecast period.
• By application, the oncology segment has accounted market share of over 26.9% in 2023.
• By end user, the hospitals & clinic segment has contributed 49% market share in 2023.
• North America has held market share of over 31% in 2023.
• The Asia Pacific market is expected to witness a highest CAGR from 2024 to 2034.

U.S. Computed Tomography Market Size and Growth 2024 to 2034

The U.S. computed tomography market size is evaluated at USD 1.40 billion in 2024 and is predicted to be worth around USD 2.76 billion by 2034, rising at a CAGR of 7.01% from 2024 to 2034.

On the basis of geography in computed tomography with increased utilization of computed tomography in various regions with increased number of chronic disorders among the population and increase in research and development with new innovative technologies in computed tomography with enhance benefits and increased performance may enhance the market of computed tomography with increased market share to a larger extend. Europe and Asia Pacific region also with highest market with increased CAGR rate of computed tomography.

Market Overview

Computed tomography scan gradually named as CT scan widely used technology in medical sector with increased imaging of the organs in the body with increased detail information of the organs with developed technologies such as radiology with increased demands from the market. Utilization of X-ray tubes with detectors placed in the CT scanners for measuring the attenuations and diagnosis of the organs and tissues in the body. Major tool to be used in medical for imaging with utilization of x-ray imaging and ultrasonography. Widely used in screening and diagnosis of the disorder and increased therapeutics effect in various disorders.

The enhance benefits from the computed tomography with improved advance technologies, diagnosis, mitigation and prevention of the disorders and increased medical procedures with increased efficiency, reduced time of operation, cost effectivity impels the market to grow. Computed tomography developed as fast imaging of the organs and quick results with increase in treatment during the emergency conditions or road accidents taking place urge the market of computed tomography with increased value of the computed tomography.

Impact of covid-19 led to positive affect with increasing wide spread of corona virus among the population and increased patients with imaging of the organs, tissues, blood vessels and other organs with increased diagnosis of the disorder. Increasing prevalence of chronic disorders and increased imaging with enhance benefits from the computed tomography. Increased digitalization in medical sector with electrification system involved with software developed with increased connectivity for easy access of the results which drives the market of computed tomography during the forecast period.

Computed Tomography Market Growth Factors

The advance developed technologies that are adopted by the health care sector with faster imaging of the organs, tissues, blood vessels and other with increased diagnosis of the disorder with increased imaging may boost the market of computed tomography. Enhance development and technologies with various techniques available with increased feature may enhance the market of computed tomography and development of infrastructures in the health care sectors. Increasing number of chronic disorders with increased imaging disorders such as cardiovascular disorder, orthopedics, oncology disorder, brain injury with increased imaging of the disorder with increased diagnosis helps to boost the market of computed tomography.

Increasing disorder among the geriatric population with increase in demands from the customers with developed technologies in computed technology. Advancements in the computed tomography with quick imaging and diagnosis of the organs, tissues, blood vessel with increased scanning and faster results with increased adoption of the computed tomography from past few years. Decreased cost of the computed tomography led to significant rise of the market. Government with increased interest for development of advance technologies in the medical sectors with increased investment for new developments in the market.

The key market players with introduction of new features in computed tomography with integration of software with increased connectivity and increased investment from the players helps to boost the market to grow at a larger extend during the forecast period.

Market Scope

Market Dynamics

Key Market Drivers

• Enhance number of chronic disorders - Increasing rise of chronic disorders among the population with increasing pollution with the changing modern lifestyle with changing dietary intake and increase in geriatric population with increase in chronic disorders and increase in diagnosis of the disorder with quick treatment with immediate scanning of the organs with developed technology for imaging of the organs and detection of disease. Increased installation of the computer tomography with increased rate of imaging and increased demand from the market for developing the and installation of computed tomography with easy and fast detection of the disease with increased utilization from the health care with increased advance technologies and new functions developed in computed tomography drives the market to grow with increased market value during the forecast period.
• Developing health care sector with improving infrastructures - The rapid acceptance of the developed technologies in the market with increased imaging of the organs or other parts with developing the health care sectors with improving health care infrastructures with increased investment for increasing the developments and improving medical sector with increasing demands from the customer. Which led to rise the market of computed tomography with increased value.

Key Market Challenges 

• Increased cost of scanning and increased maintenance - Enhance rates of scanning the images with fast detection of the disorder which led to increased cost of computed tomography can challenge the market of computed tomography to increase the market value. Increased cost for maintenance of the computed tomography may require the cost about 300,000 to 2,000, 000 for maintaining the scanner. Increased costing of the scanner for maintenance health clinics with small scale are not able to afford the cost for computed tomography. Which may decrease the market of computed tomography during the forecast period.
• Lack of skill - The newly developed advance technologies with increased features and integration of software and hardware system in the computed tomography which require updated skill for performing and imaging the scan. Lack of skill among the individuals and with lack of experience may challenge the market of computed tomography with decreased growth.

Key Market Opportunities

• Increased government support - Increased rapid technologies and features in computed tomography with new features installed in the system with quick access to diagnosis of the disorder and increase in installation of the computed tomography with increased interest by the government for increasing the medical sector with equipment with fast detection of the disorder and increased providence by the government for development of the health care sector with improving infrastructure.
• The key market players - The key market players involved in introducing the new technologies and developments on computed tomography with increase in continuous research and development with increase in investment from the key market players. Which helps to boost the market of computed tomography during the forecast period. 

Technology Insights

On the basis technology in computed tomography, low slice segment with largest market share in the year 2023. Increased utilization in computed tomography with low slice scanners with increasing demand from the customers with reduced costing of the maintenance and increased utilization in the health care sector with increase in development of the infrastructure in the health care sector wide developments and increased connectivity with developing hardware and software and rising application in the market with increased disorders widely utilised in oncology, orthopaedics, cardiovascular and many more helps to propel the market growth during the forecast period. 

Application Insights

On the basis of application in computed tomography with wide utilization of computed tomography in various disorders and diagnosis of the disorder and prevention of the disorder with increased rising of the patients with increased scanning of the images of organs, tissues, blood vessels and many more are major factors that drive the growth of the market during the forecast period. Increased disorders among the geriatric population, oncology to hold the highest market share with increase in demands from the health care sector for continuous scanning required during the treatment and increased information and images with increased prevention of the cancer diseases.  Cardiovascular and orthopaedics also with highest market share with increase in number of patients and increase in computed tomography which enhance the market of computed tomography with increased market share during the forecast period.

Modality Insights

On the basis of modality. the segment of computed tomography, O arm subsegment to hold the largest market share with increased demands from the customers with increased CT scan process with increased technologies in computed tomography. With increased launch of the products. The C-arm also with the increased market share with easy procedure and access with open arm.

End-User Insights

On the basis of end user analysis in computed tomography hospitals and ambulatory surgical centres hold the largest market share with increased market share in the computed tomography with increased demands from the customers with increase in chronic disorders with increase in population and changing lifestyle of the individuals alter the market of computed tomography.

Increased awareness among the people with availability of the options in the medical sector with increased diagnosis of the disorder. Which help to boost the market of computed tomography.

Computed Tomography Market Top Companies

• Fujifilm Corporation
• Planmeca Oy
• Carestream Health
• Canon Medical Systems corporation
• Neusoft Medical Systems
• Koninklijke Philips
• Siemens Healthineers
• Hitachi, Ltd
• GE Healthcare
• NeuroLogica Corp
• Shenzhen Anke High-Tech Co.

Recent Developments

• In the year 2020 May, Fujfilm corporation introduced newly based technology such as AL- based technology for detection of the nodule in the lung. This developed technology is used for diagnosis of lung cancer. Utilization of screening and imaging of chest CT scan used for detecting the pulmonary nodules.
• In the year 2020 January, Development of product with advance features increased visibility and cross-sectional image screening from the Carestream Health's Digital Tomosynthesis and clearance of 510(k) from the U.S. Food and Drug Administration.

Segments Covered in the Report

By Technology

• High slice
• Mid slice
• Low slice
• Cone beam

By Application

• Neurology
• Orthopedics
• Oncology
• Cardiovascular
• Respiratory
• Gastrointestinal
• Others

By Modality

• O arm
• C arm

By End-User 

• Hospitals
• Ambulatory surgery centers
• Health clinics
• Diagnostics imaging centers
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)