Full-Sized Point Of Care CT Imaging Market - Forecast(2024 - 2030)

Full-Sized Point Of Care CT Imaging Market Overview

Full-Sized Point Of Care CT Imaging Market size is estimated to reach $1.1 billion by 2027, growing at a CAGR of 12.5% during the forecast period 2022-2027. Full-sized Point of Care CT Imaging devices is principally set up in hospitals to offer computed tomography (CT) imaging to an enormous patient pool.  Full-sized Point of Care (PoC) Computed Tomography (CT) scanners find extensive application in the healthcare sector. Point of care CT imaging system is a portable computed tomography utilized near the point of care. These CT scan systems offer instant diagnosis and reduced radiation in comparison with traditional CT units. A CT scan is a kind of radiological imaging examination that also takes advantage of ionizing radiation since it is fundamentally an X-ray examination. However, when a CT scan is carried out, a series of X-rays are rotated around a particular portion of the body, making computer-generated cross-sectional images. CT imaging equipment involves traditional, spiral, multi-slice and electron-beam computed tomography or electron beam tomography full-body scanners, which utilize x-rays to gain cross-sectional images and computer workstations to reorganize captured image data for display on a viewing monitor or printed on film. CT scan is a vital tool in medical imaging to supplement X-rays and medical ultrasonography. Typical Full-sized Point of Care CT Imaging industry Applications is noted in different healthcare segments like neurology and musculoskeletal.

The increasing count of patients looking for computed tomography (CT) which is essential in medical imaging with a greater inclination towards hospitals as compared to other outpatient settings is set to drive the Full-Sized Point Of Care CT Imaging Market. The key players extensively involved in the development of full-sized point of care CT imaging devices are set to propel the growth of the Full-sized Point of Care CT Imaging Industry during the forecast period 2022-2027. This represents the Full-sized Point of Care CT Imaging Industry Outlook.

Report Coverage

The “Full-Sized Point Of Care CT Imaging Market Report - Forecast (2022-2027)” by Industry ARC, covers an in-depth analysis of the following segments in the Full-Sized Point Of Care CT Imaging Market.

Key Takeaways

• Geographically, North America Full-Sized Point Of Care CT Imaging Market size accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027. The highest revenue can be attributed to the expanding population of the elderly in countries like the U.S. and the soaring levels of awareness of patients pertaining to different diagnostic procedures like CT scan which is necessary for medical imaging accessible in the North American region.
• Full-Sized Point Of Care CT Imaging Market growth is being driven by the surging application of full-sized point of care (PoC) computed tomography (CT) scanners attributed to the existence of a massive patient pool and the evolution of weight-bearing computed tomography scanners. However, the management of point-of-care testing is demanding as testing is carried out at numerous sites and transport of the device at various locations is an impediment and these are some of the major factors hampering the growth of the Full-sized Point of Care CT Imaging Market. 
• Full-Sized Point Of Care CT Imaging Market Detailed Analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Full-Sized Point Of Care CT Imaging Market report.

The Full-Sized Point Of Care CT Imaging Market based on application can be further segmented into Neurology, Musculoskeletal, Respiratory, ENT (Ear, Nose And Throat) and Others. The Neurology Segment held the largest Full-Sized Point Of Care CT Imaging Market share in 2021. This growth is owing to the surging application of computed tomography (CT) imaging in the field of neurology attributed to the precise diagnosis offered by CT, which is a key tool in medical imaging, at a lesser cost when compared to other imaging devices.  Point of care computed tomography assists in offering accelerated and precise imaging. The burgeoning count of emergency department (ED) visits and hospitalizations for traumatic brain injury (TBI) is further propelling the growth of the Neurology segment.

Furthermore, the Respiratory segment is estimated to grow with the fastest CAGR of 13.9% during the forecast period 2022-2027 owing to the proliferating respiratory issues witnessed during the pandemic situation and the soaring efforts of the majority of key players to develop a point of care CT imaging devices for recognizing respiratory issues in patients.

Full-Sized Point Of Care CT Imaging Market Segment Analysis - By End Use

The Full-Sized Point Of Care CT Imaging Market based on end use can be further segmented into Hospitals, Imaging Centers, Orthopedic Practices and Others. The Hospitals Segment held the largest Full-Sized Point Of Care CT Imaging Market share in 2021. This growth is owing to the increasing predominance of neurological and respiratory ailments resulting in more patient visits requiring computed tomography scans which are integral in medical imaging in hospitals. Full-sized point of care CT imaging devices is principally installed in hospitals to offer CT imaging to an enormous patient pool. The application of ultrasound to generate visual images for medicine is termed medical ultrasonography or simply sonography while the practice of inspecting pregnant women applying ultrasound is termed obstetric ultrasonography. The added efforts of market players to build a portable point of care CT imaging device to expedite operations in hospitals by preventing patient transfer from one department to another are further propelling the growth of this segment.

Furthermore, the Imaging Centers segment is estimated to grow with the fastest CAGR of 14.3% during the forecast period 2022-2027 owing to the extensive application of full-sized point of care computed tomography (CT) imaging in imaging centers for the treatment of patients.

Full-Sized Point Of Care CT Imaging Market Segment Analysis - By Geography

The Full-Sized Point Of Care CT Imaging Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. North America (Full-Sized Point Of Care CT Imaging Market) held the largest Full-Sized Point Of Care CT Imaging Market share with 33% of the overall market in 2021. The growth of this region is owing to the existence of key players like GE Healthcare in the U.S. in the North American region. These key players are developing progressive point of care computed tomography imaging devices. The soaring count of novel product launches by key players is further propelling the growth of the Full-Sized Point Of Care CT Imaging Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR over the forecast period 2022-2027. This growth is owing to factors like the surging efforts of key players to come up with mobile point of care computed tomography (CT) scanners to fulfill the burgeoning demand for computed tomography imaging in the Asia-Pacific region. Typically, Electron Beam Tomography (EBT) utilizes a rare technology allowing ultrafast scan acquisition times in the high-resolution, single-slice mode with continuous, nonoverlapping slices of 3-mm thickness and an acquisition time of 100 msec/tomogram in an anticipated manner. The outbreak of the COVID-19 pandemic in China is further fuelling the progress of the Full-Sized Point Of Care CT Imaging Market in the Asia-Pacific region. This concludes the Full-sized Point of Care CT Imaging Industry Outlook in the Asia-Pacific region. 

Full-Sized Point Of Care CT Imaging Market Drivers

Surging Applications of Full-Sized Point Of Care CT Imaging are Projected to Drive the Growth of Full-Sized Point Of Care CT Imaging Market:

In medical ultrasonography, brief pulses of sound waves travel by way of the body and reflect or echo off of the distinct tissues. Point of care Computed Tomography (CT) imaging system is a portable computed tomography system utilized near the point of care. This CT scan system offers instant diagnosis and lower radiation in comparison with traditional CT units. Also, these systems are reduced in cost and effortless to install. These systems are increasingly being utilized in clinics and hospitals to offer quality care to the patients at an affordable cost owing to point of care CT imaging systems reducing the count of hospital visits and resulting in diminished treatment and diagnostic costs of the patient. The scanners have been planned to image an extensive range of acute ailments. Furthermore, the systems are being increasingly utilized in ICU (Intensive Care Unit) and CCU (Coronary Care Unit) for offering a quick scan at the time of emergency procedures. Full-sized Point of Care Computed Tomography (CT) scanners are extensively utilized to carry out imaging for different applications in hospitals. Since the demand for computed tomography is high and it is chiefly installed in hospitals, key players are involved in developing full-sized point of care CT imaging devices. CT images are recognized for their very superior contrast sensitivity (on the order of 0.2% or better), reduced noise and dramatic cross-sectional images. A CT scan involves a noninvasive procedure, free of any painful steps and it consumes 10–30 min. "Multi-slice" CT (MSCT) and "electron beam" CT (EBCT) - also termed "electron beam tomography" (EBT) - are X-ray CT systems that generate images very quickly and are frequently operated for screening the build-up of calcium in arteries of the heart. A usual Full-sized Point of Care CT Imaging industry application is in the ENT (Ear, Nose and Throat) segment. The surging applications of Point of Care CT Imaging are therefore fuelling the growth of the Full-sized Point Care CT Imaging Market Size during the forecast period 2022-2027.

Soaring Innovations in Computed Tomography (CT) Imaging are Expected to Boost The Growth of the Full-Sized Point Of Care CT Imaging Industry:

Medical ultrasonography is presently an exceedingly useful Point of Care technology in the clinical arena. As per the Organization of Economic Cooperation and Development (OECD), as of 2019, Denmark had a total of 41 Computed Tomography (CT) scanners per 1,000,000 inhabitants. CT, MSCT ("multi-slice" CT) and EBCT ("electron beam" CT (EBCT) or "electron beam tomography" (EBT)) all utilize X-rays to generate images depicting "slices" of the body - like the slices of a loaf of bread. Siemens Healthineers has endeavored to rekindle the momentum of innovation and redine computed tomography for the next age with the first global photon counting system. The NAEOTOM Alpha with Quantum Technology will re-exemplify CT imaging. On the basis of revolutionary direct signal-conversion of its QuantaMax detector, NAEOTOM Alpha provides high-resolution images at minimal dose, spectral information in each scan and enhanced contrast at lesser noise. All medical CT systems presently are outfitted with solid?state scintillation detectors. In a two?step conversion process, the absorbed X?rays are first transformed into visible light in the scintillation crystal. The light is then transformed into an electrical signal by a photodiode attached to the backside of every detector cell. Contrarily, photon-counting detectors can directly convert X?ray photons into electrical signals. In a direct conversion process, the absorbed X?rays build electron?hole pairs in the semiconductor. The charges are segregated in a powerful electric field between the cathode on top and pixelated anode electrodes at the bottom of the detector. With a photon-counting detector being capable of counting the charges developed by individual x?Ray photons as well as checking their energy level, there is presently a detector that possesses intrinsic spectral sensitivity in each scan. These kinds of soaring innovations in computed tomography (CT) imaging are therefore driving the growth of the Full-sized Point of Care CT Imaging Industry during the forecast period 2022-2027.

Full-Sized Point Of Care CT Imaging Market Challenges

Challenges of Point of Care Testing and Computed Tomography (CT) are Hampering the growth of the Full-Sized Point Of Care CT Imaging Market:

There are numerous challenges related to point of care testing, principally connected with quality assurance. Point of care testing is carried out by clinical staff instead of laboratory-trained personnel which can result in errors arising from a dearth of comprehension of the significance of quality control and quality assurance practices. Point of care testing is typically more high-priced than testing carried out in the central laboratory and needs a considerable quantity of backing from the laboratory to guarantee the quality testing and meet accreditation needs. Computed tomography is excessively high-priced. In a survey of 4 important hospitals in Houston, it was discovered that the charge for computed tomography (CT) of the head, chest, or abdomen—including contrast, however, excluding the radiologist's fee—ranges from $1,400 to $2,500. The same investigations without contrast average $100 to $200 less. One of the hospitals automatically involves the pelvis in abdominal CTs, which increases the cost to $4,079 (abdomen, $2,112; pelvis, $1,967). These issues are thus hampering the growth of the Full-Sized Point Of Care CT Imaging Market Size.

Full-sized Point of Care CT Imaging Industry Outlook

Novel product launches, mergers and acquisitions, participation in radiology and imaging conferences, partnerships, collaborations, agreements and technological advancements are key strategies adopted by players in the Full-Sized Point Of Care CT Imaging Market report. Key companies of this market are:

1. GE Healthcare
2. Philips Healthcare
3. Neurologica (Samsung)
4. Toshiba (presently Canon Medical)
5. Siemens AG
6. MinFound Medical Systems Co
7. Hitachi Ltd.
8. Shimadzu Corporation
9. Canon Inc.
10. Neusoft Corporation

Recent Developments

• In April 2022, Wipro GE Healthcare declared the introduction of its next-generation Revolution Aspire CT (Computed Tomography) scanner. Revolution Aspire is a progressive imaging solution planned and produced end-to-end in India, at the newly introduced Wipro GE Medical Devices Manufacturing plant, in line with ‘Atmanirbhar Bharat’ initiative. The CT system is outfitted with higher imaging intelligence to enhance clinical confidence when diagnosing ailments and anomalies.

• In November 2021, at the Radiological Society of North America’s (RSNA) 2021 Annual Meeting, GE Healthcare revealed about 60 innovative technology solutions stretching across the healthcare spectrum inclusive of patient screening, diagnostics, therapy planning, guidance and monitoring. Amidst an international pandemic and soaring pressure on the industry, the firm sped up innovations based on artificial intelligence (AI) and digital solutions. This is utilized to assist in revolutionizing healthcare delivery, making it more effortless and more effective for clinicians and health systems and more personalized and accurate for patients.

• In March 2021, GE Healthcare revealed its second point of care ultrasound with a novel artificial intelligence-coupled system planned to back frontline healthcare workers in arresting COVID-19. The compact Venue Fit depicts the tiniest system in GE’s cart-mounted Venue line of ultrasound devices. Particularly, the firm planned it to be more effortless to clean between patient exams, with a tinier footprint for planning within COVID wards. This concludes the Full-sized Point of Care CT Imaging Industry Outlook.

Related Reports

Point of Care (PoC) Diagnostic Devices Market - Forecast(2022 - 2027)

Report Code: HCR 0021

Molecular Point-of-care testing Market - Forecast(2022 - 2027)

Report Code: HCR 1492

Point Of Care Test Market - Forecast(2022 - 2027)

Report Code: HCR 53332

For more Lifesciences and Healthcare Market reports, please click here