The global dual and multi-energy computed tomography (CT) market is on the brink of extraordinary growth, poised to surge at a remarkable Compound Annual Growth Rate (CAGR) of 8.2%. This anticipated expansion is set to elevate the market from its 2022 valuation of US$ 1.5 billion to an impressive US$ 2.6 billion by 2029.
Dual and multi-energy computed tomography, accounting for approximately 14.1% of the global orthopedic imaging equipment market in 2021, continues to revolutionize the field. Pioneering technologies such as dual-source CT and rapid kVp switching currently dominate with over 70% market share, underscoring their pivotal role in fostering innovation and efficiency in healthcare diagnostics.
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The exponential growth trajectory of the global Dual and Multi-energy Computed Tomography (CT) Market is underpinned by its transformative impact on healthcare. This advanced technology brings unparalleled capabilities, offering precision and speed in diagnostics, crucial in an era where healthcare demands precision and efficiency.
“We’re witnessing an exciting paradigm shift in the field of healthcare diagnostics,” stated Future Market Insights. “The increasing adoption of Dual and Multi-energy Computed Tomography technology signifies a significant leap forward, catering to the evolving needs of healthcare professionals and patients alike.”
This surge is reflective of the growing demand for high-resolution imaging, streamlined procedures, and enhanced diagnostic accuracy across diverse medical disciplines. The versatility and precision offered by these CT systems are poised to redefine diagnostic standards, empowering healthcare professionals with critical insights and optimizing patient care.
The projected growth not only underscores the market’s evolution but also highlights its potential to revolutionize healthcare globally. As technology continues to advance, the healthcare sector stands on the brink of transformative possibilities, redefining diagnostics and patient care delivery.
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.
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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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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