Global CT Market to Grow to $6 billion by 2019

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The global market for CT systems will grow to $6 billion by 2019, according to a study published by WinterGreen Research. The global market for CT systems was valued at $3.7 billion in 2012.

According to the report, Computed Tomography (CT) Market Shares, Strategy, and Forecasts, Worldwide, 2013 to 2018, growth is being driven by independent diagnostic centers, which are increasing in number due to patient demand and relatively low set-up costs compared to a full, multi-disciplinary hospital.

Aging populations, increase in chronic disease, congestive heart failure and diabetes are the main drivers of the imaging market in developed nations, but rising fiscal deficits is expected to inhibit growth.

Radiation dose continues to be an area of concern, but also an opportunity for vendors to compete at the feature level.

According Susan Eustis, lead author of the study, “Market leaders in the higher-slice segments have proven superior image quality. They have pressure to prove they can incorporate effective dose-reduction techniques while maintaining image quality. High end imaging modalities require advanced image management and archival systems. The diagnostic outcome of molecular imaging is made available to clinicians. Healthcare IT and molecular imaging exploit the advantage of systems. Effective distribution of images to clinicians is needed. Integration with electronic medical records is critical.”

To access the report, click here.