The global dual and multi-energy computed tomography (CT) market is on the brink of a significant surge, with a projected Compound Annual Growth Rate (CAGR) of 8.2% poised to elevate the market from US$ 1.5 billion in 2022 to an astounding US$ 2.6 billion by 2029.
This anticipated growth marks a pivotal moment in the evolution of medical imaging, signifying the transformative influence of dual and multi-energy CT technology. With a substantial 14.1% share of the global orthopedic imaging equipment market already captured in 2021, this innovative technology continues to reshape diagnostic capabilities, setting new standards of precision and efficiency.
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Dual and multi-energy CT technology offers unparalleled insights into patient health, enabling healthcare professionals to make informed decisions with unprecedented clarity and accuracy. By leveraging advanced imaging techniques, it facilitates early detection, precise diagnosis, and personalized treatment strategies, ultimately enhancing patient outcomes and driving advancements in medical care.
Pioneering advancements like dual-source CT and rapid kVp switching are at the forefront of this revolution, currently holding a dominant position with over 70% market share. These innovations are paving the way for a future of enhanced efficiency and cutting-edge healthcare diagnostics.
Key Takeaways of Dual and Multi-energy CT Market Study:
- The dual-source CT segment under product type contributed maximum value share in the global dual and multi-energy CT market in 2018, owing to the increasing adoption of dual-source CT and easy availability of the device.
- CT angiography is expected to be the leading clinical application, resulting in a notable share of the segment in the dual and multi-energy computed tomography market.
- The hospitals segment under end user holds above 50% of value share in the dual and multi-energy CT market.
- North America holds around 35% revenue share, and is expected to be the most lucrative region in the global dual and multi-energy computed tomography market during the forecast period.
- Increasing government funding to boost the growth of the medical industry in Asia is expected to drive the growth of the dual and multi-energy CT market in the region.
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Aging Population and Need for Medical Imaging:
Increasing aging population with longer life expectancy, especially in developed regions, is anticipated to boost the medical and healthcare industry.
According to the data of the National Institutes of Health (NIH), patients aging 65 years and above undergo diagnostic imaging at rate twice or thrice that of the younger population. Women are also subject to use higher rates of imaging as compared to men. This results in a rise in the number of diagnostic procedures and more effective treatment methods.
Factors such as evolving patient expectations regarding quality of care is also driving the demand for advanced imaging technology, thus boosting the overall imaging market.
Competitive Landscape:
Suppliers of dual and multi-energy CT equipment are intensifying their efforts in researching traditional techniques. While current clinical methods primarily focus on material separation, ongoing research is delving into abdominal imaging, specifically targeting the detection and categorization of liver steatosis and fibrosis.
Driven by the rising incidence of injuries and diseases like cancer and orthopedic disorders, many developed nations are actively investing in research and development endeavors to create economical and effective medical devices.
For instance,
- John M. Boone, a medical physicist and radiology professor at UC Davis, secured a grant of US$ 2.88 million from the National Cancer Institute. This funding aims to advance computed tomography for breast cancer detection. The government’s goal is to enhance the efficacy of breast cancer screening in a practical and cost-effective manner, ultimately improving care, increasing survival rates for afflicted women, and importantly, reducing unnecessary treatment for those with benign findings.
Key Companies Profiled:
- Koninklijke Philips N.V.
- GE Healthcare
- Siemens Healthineers
- Canon Medical Systems
- Fujifilm Holdings Corporation
- Shimadzu Corporation
- Koning Corporation
- Neusoft Medical Systems Co. Ltd
- CareStream Health
- Planmeca Group
- Hitachi Healthcare Systems
- Stryker Corporation
Key Segments of Dual and Multi-Energy CT Industry Research:
Dual and Multi-Energy CT Market by Product:
- Rapid kVp Switching
- Energy-Sensitive Sandwich Detectors
- Dual-Source CT
Dual and Multi-Energy CT Market by Clinical Application:
- Virtual Mono-energetic Imaging
- CT Angiography
- Perfused Blood Volume
- Virtual Non-contrast-enhanced Images
- Atherosclerotic Plaque Removal
- Virtual Non-calcium Images
- Urinary Stone Characterization
- Crystalline Arthropathies
- Others
Dual and Multi-Energy CT Market by End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
Dual and Multi-Energy CT Market by Region:
- North America Dual and Multi-Energy CT Market
- Latin America Dual and Multi-Energy CT Market
- Europe Dual and Multi-Energy CT Market
- East Asia Dual and Multi-Energy CT Market
- South Asia & Pacific Dual and Multi-Energy CT Market
- Middle East & Africa (MEA) Dual and Multi-Energy CT Market
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