ROCKVILLE, Md., Feb. 15, 2017 /PRNewswire/ -- The growing number of clinical applications for CT, an aging population with significant diagnostic demands, and a growing incidence of chronic disease, are propelling the market for the modality. The world market for CT should grow at an estimated CAGR of more than 7% through 2021. This growth rates exceeds that of x-ray, ultrasound or MRI systems, according to Kalorama Information. New applications, product developments and increase is disease incidence are expected to be factors in growth. The finding was made by healthcare market research firm Kalorama Information in a recent report Computed Tomography (CT) Markets.
"Among all medical imaging systems, CT scanners are expected to be the fastest growing imaging equipment segment," said Bruce Carlson, Publisher of Kalorama Information. "CT scanners will generate the fastest revenue growth as an increasing number of currently installed systems reach the end of their product life cycles and are replaced with higher value-added new generation models".
The global CT market is growing at a significant rate, due to growing geriatric population, an increasing prevalence of chronic diseases such as cancer, lung diseases and rheumatoid arthritis, an increasing incidence of injuries, and an increasing awareness of the benefits of diagnosing a health condition in its earliest stages. In addition, the improving healthcare infrastructure in developing countries, such as China and India, and technological advancements achieved in CT systems are also driving growth.
"However, there are factors that may impede market growth, such as the complex of international regulations needed for the approval of CT devices, and the side effects of ionization radiation," said Carlson. "The report provides details on both market drivers and limiters, and the resulting market estimates and forecasts for these systems."
The market has been growing at a strong pace ever since multi-slice technology was commercially introduced. Multi-slice CT has not only facilitated the reduction of exposure risk to harmful radiation, but the technology also has helped improve performance of CT scanners in terms of scan speed. The growth of the CT market has been strongest in the developed markets of US and Europe. Meanwhile, the growth potential for CT is still high in emerging markets, where x-ray accounts for the larger share of the medical imaging business. High-slice CT models will fare particularly well in the marketplace based on the higher resolution of images, broader disease detection capabilities, and faster testing times. These scanners are able to detect the smallest of tumors or plaque deposits rapidly, making them well suited to the diagnosis of various cancer and heart disease markers.
The report says several studies are boosting the use of CTs; as well as the reduction in false positives, its gaining acceptance in cancer and heart disease, the development of low-dose systems. These and other trends are detailed in Kalorama Information's report, available at this site: https://www.kaloramainformation.com/Computed-Tomography-CT-10559414/
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Related reports on wound care can be found and purchased at https://www.kaloramainformation.com/wound-care-market-c1516/.
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SOURCE Kalorama Information