NEW YORK, Dec. 19, 2014 /PRNewswire/ -- The computed tomography or CT market was 3.9 billion in 2013 and with 5.5% average revenue growth, the market will reach 5.1 billion dollars in 2018, according to Kalorama Information. CT is an important technology in a range of conditions and improvements to the systems drive sales. The finding was made in Kalorama Information's new report, Computed Tomography Systems: World Market Analysis.
The report containing geographic breakout and market share can be found at: http://www.kaloramainformation.com/CT-Systems-8553557/
CT systems use x-rays to obtain cross-sectional images of the body blending x-ray information with computer software. CT scanners first began to be installed in 1974 as a high-end novelty item in the best labs. Today it is part of routine practice. Currently, approximately 6,000 scanners are in use in the United States, according to Kalorama's estimates.
"The market is driven by product improvements," said Bruce Carlson, Publisher of Kalorama Information. "Because of advances in computer technology, CT scanners have vastly improved patient comfort because they are now much faster than in the past. These improvements have also led to higher-resolution images, which improve the capabilities of the test to assist the doctor in making a diagnosis."
CT's cross-sectional imaging are different from traditional X-rays in that appear to open the body up, allowing the doctor to look at it from the inside. X-rays are an inexpensive, quick test and are accurate at diagnosing things such as pneumonia, arthritis, and fractures. CT is better to evaluate soft tissues such as the brain, liver, and abdominal organs or as a follow up to X-Ray.
"Manufacturers continue to confront the issue of concerns over dosing which models that reduce dosage and improve accuracy," said Carlson. "These require more innovations which has driven new purchases as well."
Number of slices per rotation is a key metric of efficiency of systems. The report says it was once significant to have a 64 slice per rotation scanner, but now 128 and even 256 slice per rotation models are seeing more hospital placements.
A number of new products are seeing use in the market place. Two new premium models came to market this year—GE Heathcare's Revolution and Siemens Healthcare's Force both received clearance from the Food and Drug Administration in April. Philips Healthcare and Toshiba, the other top sellers of CT equipment, also market premium models.
Kalorama Information's Computed Tomography (CT) Systems: World Market Analysis contains additional information including a breakout of the market by slice per rotation type of system. The report can be found at: http://www.kaloramainformation.com/CT-Systems-8553557/
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. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com
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SOURCE Kalorama Information