The global market for computed tomography (CT) scanners and equipment is expected to drop from $ 7.97 billion by 2020 to $ 7.86 billion by 2021 with a combined annual growth rate (CAGR) of 1.4%. This decline is mainly due to the postponement of various treatments due to the COVID-19 outbreak which has led to a decline in demand for equipment. The market is expected to reach $ 9.26 billion by 2025 at the CAGR of 4.2%.
Leading players in computed tomography (CT) scanners and equipment market are GE Healthcare, Koninklijke Philips NV, Hitachi Ltd., Siemens, Canon Medical Systems Corporation, Neusoft Medical Systems, Hitachi Healthcare America, Neurologicala, Samsung Electronics, and Shimadzu Corp .
Radiation effects and an increase in health concerns affect computed tomography (CT) scans and a growing market for equipment. Imaging techniques use CT scans that release electromagnetic waves or particles called ‘ionizing radiation’. These radiation from man-made sources such as CT scans, nuclear drugs and PET scans carry significant health risks and risks. Low doses can cause cancer over time.
Cancer is the leading cause of death worldwide, with an estimated 9.6 million deaths in 2018. When doses exceed certain levels, they cause skin burns and severe exposure to radiation. According to a national study conducted by the National Council on Radiation Protection and Measurements (NCRP), 2390 people were exposed to radiation, and 190 died.
In 2016, a regulation of radiation protection-computed tomography was developed by the Department of Health (DOH), Washington, which has been in effect since July 2017. By regulation, manufacturers of CT scans are not allowed to make protocol or other software changes. any improvements that affect radiation exposure or image quality.
They need the approval of a leading CT interpreter, specialist, or medical professional to allow for appropriate changes. If there is any uncertainty in the ionizing emission device, it should comply with the given performance standards related to mechanical configuration and other important metrics.
Therefore, manufacturers of medical imaging devices should reduce their ionizing radiation levels effectively to reduce costs, and reduce the warranty periods. Strict rules, such as these, may affect computed tomography scanner devices and the equipment market.
The growing risk of cancer and heart disease is driving the market for computed tomography (CT) scanner and equipment market. According to the Centers for Disease Control and Prevention in the USA, the number of young people with cancer will increase by 24% for men and 21% for women by 2020 than in 2010.
The growing demand for early detection and prevention of these life-threatening diseases, increases the need for appropriate diagnostics that puts them as an opportunity for CT scan manufacturers.
Companies in the industry combine medical imaging with IT healthcare technologies by providing digital access to improve patient safety, improve health care environment and save patient time and money. Data from CT scans is integrated with an image processing system and a communication system, such as an archive and a communication system (PACS) that integrates CT images from multiple systems into a single interface.
This allows radiologists to safely store, digitally transmit electronic images and related reports, and use photographic data to provide accurate diagnoses. These are increasingly compiled and used for clinical analysis, diagnosis and treatment in departments such as radiology, nuclear medicine imaging, cardiology, pathology, oncology and dermatology.
