Published By : 08 Apr 2016 | Published By : QYRESEARCH
Computed tomography is a diagnostic imaging procedure that creates detailed images of internal organs, bones, soft tissues, and blood vessels. The procedure involves special X-ray equipment that creates cross-sectional images of distinct areas of scanned objects that can be visualized in two-dimensional or three-dimensional planes.
There are several reasons for the expansion of the global computed tomography market over the past few years. An increasing pool of geriatrics and an increasing patient pool with chronic diseases are foremost reasons for this. Particularly, Asia Pacific exhibits a profound effect of ageing, the reason for the region to display an increased demand for modern diagnostics.
The product-type segments of the computed tomography market are low end slice computed tomography, high end slice computed tomography, and mid end slice computed tomography. Of all, it is expected that the high end slice computed tomography will contribute a significant revenue estimated at about 55.9% by the end of 2017. In absolute numbers, this figure equals to US$3.1 bn.
Presently, the Americas (North and South America) is the dominant market for computed tomography. This region will maintain its lead position and acquire a share close to 37.4% in the global market by the end of 2017. However, in the coming years, Asia Pacific will outpace growth over other markets for computed tomography. This is mainly due to rising awareness among individuals about the availability of modern diagnostics, rising income levels in emerging economies resulting in higher medical expenditures, and the emergence of modern healthcare facilities in this region.
In other developing countries of the world, rising economic prosperity and increasing awareness about early diagnosis of diseases is fuelling growth of the computed tomography market. Other than this, the declining cost of equipment and an increasing accuracy in diagnostics due to technological advancements in the computed tomography industry are reasons for the same.