Globally, the geriatric population is growing, with 8.5% of people across the world (617 million) aged 65 years and above. This percentage is projected to jump to nearly 17% of the world’s population by 2050.
High prevalence of chronic diseases, growing elderly population, increasing demand for early diagnosis, and increased clinical efficacy of computed tomography are anticipated to boost the market growth. According to the National Cancer Institute, nearly 60% of new cases of cancer are from Asia, Africa, Central and South American countries and nearly 70% of cancer deaths are also from these regions. Increasing awareness about early diagnosis, improving healthcare expenditure in developing markets, and advancements in technology are anticipated to enhance the revenue of the computed tomography market in the next few years.
Companies are launching new products, aiding to have significant hold in the market. For instance in July 2019, Canon Medical Systems launched “Advanced Intelligent Clear-IQ Engine” (AiCE), the world’s first deep-learning reconstruction software, which quickly produces exceptionally detailed CT images with low-noise properties. Similarly, in December 2019, Fujifilm Corporation announced an agreement to acquire Hitachi Ltd.’s business related to diagnostic imaging for $1.63 billion.
North America accounted for the largest share of the global computed tomography market in 2018. But Asia Pacific is likely to grow at the fastest rate during the forecast period due to rising awareness of early diagnosis and advancement in technology.
The report provides complete details about the global computed tomography market. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the medical devices segment in the upcoming years along with details of the pure-play companies entering the market.
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