The global Dual and Multi-Energy Computed Tomography (CT) Market, which is expected to grow at a high CAGR of 8.2%, is anticipated to reach US$ 2.6 Billion in 2029 from US$ 1.5 Billion in 2022.
In terms of the market for orthopedic imaging equipment worldwide in 2021, dual and multi-energy computed tomography held a 14.1% share. More than 70% of the market is now occupied by quick kVp switching and dual-source CT.
Basis Point Share decreased by 20 BPS during the H1-2022 outlook period compared to the H1-2022 forecast period. However, according to a research by FMI, the market growth rate for dual and multi-energy computed tomography (CT) is anticipated to increase by 07 basis points (BPS) in H1-2022.
Due to the restricted dual-energy spectrum contrast and lack of tube current modulation for radiation dose reduction, which might be detrimental when used, the fall in the BPS values found was attributed to these factors.
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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.
“Rising adoption of minimally-invasive diagnostic procedures and increasing funding for R&D projects across the globe are projected to propel the growth of the global dual and multi-energy CT market through 2029.”
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.
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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.
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
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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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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