Nov 15, The market for Computed Tomography (CT) scanners, which are used generates detailed images of structures inside the body, is set to rise from just under $3.6 billion in 2016 to around $12.1 billion by 2023.  It represents a compound annual growth rate of 18.2% and it will occur in 39 major markets.  It is mostly driven by an increased interest in high-slice CT systems due to wider applications and improved patient throughput, heightened usage of CT, particularly in countries with emerging economies.

The market is expected to grow as follows

Year	Global Market Value (in Billion USD)
2016	3.6
2017	4
2018	5
2019	6
2020	7
2021	8
2022	10
2023	12

 

Computed tomography (CT) systems are categorized into the following segments: 256-slice, 128-slice, 64-slice, 20-20 slice, and 16-slice and below.

The high-slice scanners with improved capabilities such as lowered radiation dose, high-resolution images, and spectral imaging encourage the hospitals to upgrade from low-slice scanners.  The automated workflow and enhanced image quality remain important driving factors of the market.

The major market players in the market are Siemens Healthineers holds the majority of the market share with almost a third of the market, GE Healthcare has just under a quarter, Philips Healthcare over a fifth of the present, and Toshiba Medical Systems.

Other key players include Neusoft Medical Systems, Hitachi Medical Systems, and Neurologica Corporation. The companies will need to offer product portfolios that meet the demands. Providing systems with a wide range of imaging applications and economical prices will be vital for key players in the global CT scanners market