Point Of Care (Poc) Ct Imaging Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Canada, China - Size and Forecast 2024-2028

Point of Care CT Imaging Market Size 2024-2028

The Point of Care CT Imaging Market size is estimated to grow by USD 136.8 million, at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing prevalence of chronic health conditions and the need for timely and accurate diagnostic solutions. PoC CT imaging enables quick and efficient diagnosis, reducing the need for hospital visits and minimizing wait times. A key trend in the market is the integration of Artificial Intelligence (AI) with CT imaging, enhancing image analysis and diagnosis accuracy. However, the high costs associated with PoC CT imaging, including equipment and maintenance expenses, remain a significant challenge for market growth. Despite this, the market is expected to expand at a robust pace due to its numerous benefits, including improved patient outcomes, increased efficiency, and reduced healthcare costs in the long run.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

Product Analysis

The full-sized CT scanners segment is estimated to witness significant growth during the forecast period. A majority of the population who require computed tomography scans prefer to go to hospitals rather than other outpatient settings, where full-sized POC CT scanners are utilized. Several prominent market players in the POC computed tomography (CT) imaging market are increasingly striving toward launching full-sized CT scanners that can be used in POC settings due to the high demand for computed tomography scans across hospitals.

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The full-sized CT scanners segment was the largest segment and was valued at USD 299.30 million in 2018. There is an increasing adoption of full-sized CT scanners across intensive care units (ICUs) and coronary care units (CCUs) to offer quick scans during emergency procedures. Furthermore, there is a significant rise in investments in the healthcare industry in both developed and developing nations due to factors such as the growing ageing population across the world and the rising prevalence of health issues that are associated with ageing. Therefore, the increase in the number of healthcare facilities globally will result in a rise in the number of hospitals which will significantly contribute to the growth of this segment. Hence, such factors are expected to fuel the growth of the segment which in turn will drive the market growth during the forecast period.

Regional Analysis

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the market in North America include the rising prevalence of chronic diseases, technological advances, the increasing number of awareness programs regarding the early diagnosis of diseases, and the high healthcare spending by people. In addition, there is an increase in the use of diagnostic imaging technologies such as computed tomography scanners, as well as the number of imaging scanning procedures performed due to the advancement of technologies in the region. For example, in the US, 73 million CT procedures were performed in 2020, the highest among all the OECD countries. Furthermore, factors such as the high adoption of advanced medical devices in healthcare facilities in the US, as well as the increasing shift towards precision medicine and the growing utilization of POC CT imaging equipment across several applications, are expected to drive the market growth in the region.

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Key Market Players

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Xoran Technologies LLC: The company offers point of care CT imaging, such as CT computed tomography that delivers best-in-class reliability and image quality which provides volumetric scanners, able to scan the entire heart in one beat.

• Carestream Health Inc.
• Planmeca Oy
• Samsung Electronics Co. Ltd.
• Siemens AG
• SCANCO Medical AG
• GENORAY Co. Ltd.
• CurveBeam AI Ltd.
• Analogic Corp.
• Canon Inc.
• Koninklijke Philips N.V.
• MinFound Medical Systems Co. Ltd.
• Neusoft Corp.
• Shimadzu Corp.
• Stryker Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market is transforming the landscape of diagnosis, particularly in emergency diagnosis and ambulatory surgery centers. Compact CT imaging devices enhance disease detection by delivering 3D images of internal structures, crucial for diagnosing lung cancer, brain tumors, and traumatic brain injury. Healthcare providers are increasingly relying on computed tomography equipment for rapid assessment, improving patient happiness through more efficient scanning protocols and real-time data. With AI-powered medical devices and cloud-based AI analysis, the accuracy and speed of disease detection are significantly enhanced, though total cost of diagnosis and high expense remain considerations. Radiographers and healthcare staff benefit from advanced photon-counting technology, which reduces radiation dose and improves energy efficiency. This technology is vital for managing chronic diseases, including chronic respiratory conditions and musculoskeletal issues, especially within the geriatric population. Enhanced medical technology supports specialists in providing accurate and timely care.

Key Market Driver

The global market for Point of Care (PoC) CT imaging equipment is experiencing significant growth due to the increasing prevalence of chronic disorders, particularly in the aging population. Chronic diseases such as cardiovascular disease, cancer, diabetes, and neurological disorders are on the rise, necessitating the use of advanced diagnostic tools like PoC CT imaging equipment for timely and accurate diagnosis. In critical care settings like emergency rooms and intensive care units, PoC CT imaging plays a crucial role in the diagnosis and therapy of various conditions, including stroke, trauma, and infectious diseases. Manufacturers of PoC CT imaging equipment, such as Neurologica, Varian, and others, are focusing on obtaining CE marking to expand their reach in Europe and other regions.

Further, the ongoing coronavirus pandemic has further accelerated the adoption of PoC CT imaging equipment in remote areas and resource-limited settings for the diagnosis of COVID-19 and other conditions. Artificial intelligence (AI)-powered features in PoC CT imaging solutions are enabling healthcare professionals to improve workflow efficiency and provide quality care at an affordable cost. Outpatient services, radiology centers, clinics, and ambulatory surgical centers are increasingly investing in PoC CT imaging equipment for patient treatment and diagnostic fees.

Significant Market Trends

A key factor shaping the point-of-care CT imaging market growth is the integration of AI with CT imaging. The main advantage of the integration of AI with POC computed tomography imaging equipment is that it facilitates end-users to automate and standardize complex diagnostic procedures, enhance patient experience and outcomes, and reduce the cost of healthcare. In addition, AI helps to analyze and interpret a large amount of data from the results of CT scans thereby increasing productivity, improving accuracy, and reducing errors in diagnosis for radiologists and technicians.

Moreover, AI plays a major role in the image acquisition, processing, and interpretation of computed tomography scans. Some of the key AI techniques including object detection and image segmentation, facilitate radiologists and technicians to identify and compare relevant patterns and other imaging data faster and more accurately. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Major Market Challenges

High costs associated with POC CT imaging are a major challenge hindering market growth. The high cost of medical imaging equipment and procedures is a significant burden on the patients and end-users. For example, the average cost of an MRI machine is USDUSD300,000-USD2,000,000. Some of the additional costs include remodeling, maintenance, and installation.

Moreover, there is a regular need for annual service maintenance for POC computed tomography imaging equipment. Some of the other costs include preventive maintenance costs, including those related to parts, labor costs, and technicians' pay which adds to the overall costs. Hence, such factors are negatively impacting the point of care (POC) CT imaging systems. Therefore, it is expected to hinder growth during the market forecast period.

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Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Customer Landscape

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product Outlook
  • Full-sized CT scanners
  • Compact CT scanners
• End-user Outlook
  • Hospitals
  • Diagnostic centers
  • Others
• Geography Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Australia
    • Argentina
    • Brazil

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Market Analyst Overview

The market is witnessing significant growth due to the rising prevalence of chronic disorders such as cardiovascular disease, cancer, diabetes, respiratory disorders, and neurological disorders in the aging population. PoC CT imaging systems are increasingly being used in emergency rooms and intensive care units for quick diagnosis and treatment of critical conditions. Neurological disorders like stroke and brain injuries also require immediate imaging, making PoC CT a crucial tool in healthcare settings. Manufacturers like Neurologica, Varian, and others are focusing on CE marking and regulatory approvals to expand their market reach. The coronavirus pandemic has accelerated the adoption of PoC CT imaging in critical care settings and remote areas, where access to advanced medical facilities is limited. The integration of artificial intelligence and workflow efficiency solutions is improving the efficiency of PoC CT imaging, making it an essential tool for healthcare professionals in hospitals, ambulatory surgical centers, radiology centers, clinics, and outpatient services. Prevention and early detection of diseases are key focus areas for PoC CT imaging in resource-limited areas.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies' position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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