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The Point of Care (POC) CT Imaging Market size is estimated to grow by USD 148.79 million at a CAGR of 4.89% between 2022 and 2027. There is an increasing adoption of POC CT imaging equipment for the diagnosis of severe and chronic health conditions. In addition, the adoption of diagnostic products such as POC CT imaging equipment is expected to be fuelled by the increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and neurological diseases. Furthermore, there is a growing prevalence of cancer and cardiovascular diseases globally. For example, as per the International Agency for Research on Cancer, in 2020, the age-adjusted rate of new cancer cases was 19.3 million. In addition, there is an in the incidence of several respiratory diseases, including chronic obstructive pulmonary disease (COPD), asthma, and lung cancer which is fuelling the adoption of point-of-care CT imaging. Hence, such factors are positively impacting the market.
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The market has witnessed significant growth due to the integration of artificial intelligence (AI), particularly in healthcare settings such as Emergency departments (ED) where rapid diagnosis is critical. Key players like Curve Beam and Carestream Health offer advanced solutions like the OmniTom Elite CT scanner and portable head and neck CT scanner, enhancing imaging capabilities for trauma cases and outpatient services. Organizations like the Center for Disease Control and Prevention (CDC) and the Radiological Society of North America (RSNA) contribute to guidelines and research, driving innovation in point of care imaging. Additionally, collaborations with entities like the National Brain Tumor Society and the Weight-bearing CT International Study Group further advance CT imaging applications in various healthcare settings, ensuring effective diagnosis and treatment at the point of care.
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 289.72 million in 2017. 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.
There is an increase in demand for advanced technologies and cutting-edge imaging techniques in hospitals that offer high-tech solutions which is respected to significantly contribute to the growth of this segment. In addition, the increasing adoption of artificial intelligence (AI) to automate the image quantification and identification process is positively impacting the growth of this segment. Factors such as the growing prevalence of chronic diseases, mainly among the elderly are fuelling the adoption of POC computed tomography imaging equipment in hospitals. Furthermore, there is an increasing preference for the hospital segment among patients rather than other outpatient settings due to the presence of highly skilled doctors and convenient and less expensive services. Hence, such factors are expected to fuel the growth of the segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 43% 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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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 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.
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.
The Point of Care CT Imaging Systems Market has witnessed significant growth due to the integration of artificial intelligence (AI), particularly in healthcare settings such as Emergency departments (ED) where rapid diagnosis is critical. Key players like Curve Beam and Carestream Health offer advanced solutions like the OmniTom Elite CT scanner and portable head and neck computed tomography scanner, enhancing imaging capabilities for trauma cases and outpatient services. Organizations like the Center for Disease Control and Prevention (CDC) and the Radiological Society of North America (RSNA) contribute to guidelines and research, driving innovation in point of care imaging. Additionally, collaborations with entities like the National Brain Tumor Society and the Weight-bearing CT International Study Group further advance computed tomography imaging applications in various healthcare settings, ensuring effective diagnosis and treatment at the point of care. There are multiple aspects influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
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.
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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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 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
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The global point of care CT imaging market is experiencing rapid expansion, particularly in Emergency departments (ED) and Ambulatory Surgery Centers (ASCs), driven by the demand for immediate diagnostic solutions. Radiographers play a crucial role in facilitating these CT imaging procedures. Organizations like Cobalt’s Imaging Centre and the Centers for Disease Control and Prevention (CDC) provide essential support and guidelines. With increased adoption in Ambulatory Surgical Centers and Radiology Centers, the market is witnessing significant growth at the country level. Factors such as consumer buying behavior, economic factors, and political factors influence market dynamics. Company profiles showcase key players' strategies, including their focus on innovation and cutting-edge technology. Moreover, addressing the threat of new entry and substitution, along with managing supplier and buyer bargaining power, are winning imperatives for market players in this emerging sector.
Further, the market is revolutionizing healthcare delivery, particularly in emergency department (ED) and Clinics. With increasing product penetration across end application industries, this market is reshaping medical practices. However, social scenarios and threats of new entry pose challenges. Addressing the threat of substitution and managing supplier bargaining power is critical for sustained growth. Companies are focusing on innovation to stay at the cutting edge and establish themselves as innovator in the field. Their current focus lies in developing advanced Point of Care CT Imaging Systems to meet the evolving needs of healthcare providers and patients alike.
Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.89% |
Market growth 2023-2027 |
USD 148.79 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.13 |
Regional analysis |
North America, Europe, Asia, and Rest of the World (ROW) |
Performing market contribution |
North America at 43% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Xoran Technologies LLC, 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., and Stryker Corp. |
Market dynamics |
Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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