Spectral Computed Tomography Market Overview
The major key factors driving the market growth are increasing spending on the healthcare IT sector, technological advancements in the diagnostics sector, and increasing demand for diagnostic devices for precise imaging enhances the market growth. Also, the growing prevalence of cardiovascular and neurological diseases across the globe increase the demand for spectral computed tomography (CT) devices. However, factors such as high cost compared to conventional CT scan machines, availability of alternatives CT scan devices, and the less awareness about the products among the radiologists may hamper the market growth. The Spectral Computed Tomography (CT) Market is anticipated to reach USD 7822.35 Million by 2030 at 1.38% CAGR during the forecast period 2022-2030.
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Spectral Computed Tomography provides a precise analysis of the Computed tomography (CT), an x-ray scanning technique used as a prominent medical imaging device, serving as a workhorse in many clinical settings worldwide. CT addresses the need for urgent diagnostic tasks such as tumor staging, oncology, and radiation therapy planning or acute stroke analysis. Spectral Computed Tomography has changed the spectrum of diagnostics and treatments of many diseases, which acts as a key driving force has increased the Spectral Computed Tomography Market Size of Spectral CT on the global platform. Increasing prevalence of the chronic diseases such as cancer, cardiac, orthopedic and neurological diseases, is the major driving factor for the market growth.
Segmentation
The global spectral computed tomography market is segmented into application and end user. On the basis of application, the global spectral computed tomography market has been segmented into oncology, cardiology, musculoskeletal disorders, and gastrointestinal diseases. Based on end user, the market has been segmented into diagnostic centers and hospitals & clinics.
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Regional Analysis
The global spectral computed tomography market, based on region, is divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Asia-Pacific is expected to hold the largest share of the global spectral computed tomography market. This is owing to the increasing patient population suffering from cancer and cardiovascular diseases and growing geriatric population suffering from numerous diseases are boosting the market growth in this region.
The Americas market holds the second-largest position in the global spectral computed tomography market owing to the increasing healthcare expenditure, and the presence of large number of medical devices companies in this region.
Europe is the third-largest region in the global spectral CT market. Factors such as growth in the medical device industry, the presence of developed economies, high per capita disposable income, and increased healthcare spending by consumers are driving the growth of the market in this region.
The spectral computed tomography market in the Middle East & Africa accounts the least market share due to the adequate healthcare infrastructure support accounted for a relatively smaller market share in 2018.
Market Players
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MRFR recognizes the following companies as the key players in the global spectral computed tomography market— General Electric Company (US), Koninklijke Philips N.V. (Amsterdam, Netherlands), MARS Bioimaging Ltd (Christchurch, New Zealand), Neusoft Corporation (China), Shenzhen Anke High-tech Co., Ltd (China), Siemens (UK), and PerkinElmer Inc. (Waltham, Massachusetts).
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