Number of pages: 100 | Report Format: PDF | Published date: 14 March, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market size value in 2022 |
US$ 247.9 million |
Revenue forecast in 2031 |
US$ 463.64 million |
Growth Rate |
CAGR of 7.2% from 2023 to 2031 |
Base year for estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments covered |
Product, Application, End User, and Region |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global point of care CT imaging systems market was valued at US$ 247.9 million in 2022 and is expected to register a revenue CAGR of 7.2% to reach US$ 463.64 million by 2031.
Market Fundamentals
Point of care CT imaging systems are a type of diagnostic imaging technology designed to provide high-quality CT (computer tomography) images in near real-time at the point of care. These systems are portable and compact, and they can be used in a variety of clinical settings such as emergency departments, operating rooms, intensive care units, and ambulatory surgery centers. They are smaller and more mobile than traditional CT scanners, making them a more convenient and accessible imaging solution for healthcare providers. Traditional CT scanners are typically large and stationary, and they require a dedicated imaging room and infrastructure to support them. In contrast, point of care CT imaging systems can be easily transported between different clinical settings, making them a more versatile and flexible imaging solution. They also require less space, which can be especially important in crowded or limited areas. Overall, point of care CT imaging systems are an important tool for healthcare providers, offering a rapid and accessible imaging solution that can improve patient outcomes and reduce healthcare costs. With their smaller size and portability, these systems offer healthcare providers a versatile imaging option that can be used in a variety of clinical settings to provide high-quality diagnostic images.
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Market Dynamics
The rising prevalence of chronic diseases such as cancer, cardiovascular disease, and respiratory disease are the primary drivers for the growth of the global point of care CT imaging systems market. These systems are valuable tools for the diagnosis and monitoring of these diseases, making them an important technology for healthcare providers. For instance, according to the WHO’s February 2022 factsheet, cancer is one of the leading causes of death globally, causing around 10 million deaths in 2020 i.e. one in six deaths. The factsheet also stated that breast, rectum & colon, prostate, and lung are the most common cancer types. Advances in imaging technology have led to the development of more compact and portable CT scanners, making it easier for healthcare providers to bring imaging technology to the point of care. These advancements have also led to improvements in image quality and reduced radiation exposure, making point of care CT imaging systems a safer and more effective imaging solution and thus boosting the point of care CT imaging systems market. Additionally, key market players are continuously involved in collaborations, mergers, and acquisitions to upgrade and build new products in CT imaging systems, which is also helping in the growth of the global point of care CT imaging systems market.
However, point of care CT imaging systems can be expensive to purchase and maintain, which can be a barrier for smaller healthcare facilities and clinics with limited budgets. This can limit the adoption of this technology in certain markets. Moreover, point of care CT imaging systems faces competition from other imaging technologies, such as ultrasound and MRI. These alternative technologies may be more affordable or more effective in certain clinical settings, limiting the adoption of point of care CT imaging systems. Additionally, regulatory challenges and limited availability of trained personnel are some of the restraints impeding the overall point of care CT imaging systems market growth.
Market Ecosystem
The global point of care CT imaging systems market is analyzed from four perspectives: Product, Application, End User, and Region.
Point of Care CT Imaging Systems Market by Product
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Based on the product, the global point of care CT imaging systems market is segmented into compact POC CT scanners and full-sized POC CT scanners.
The full-sized POC CT scanners segment dominated the market with the principal revenue share in 2022, attributed to the increasing prevalence of chronic diseases such as cancer and cardiovascular diseases, the growing demand for minimally invasive diagnostic procedures. Full-sized POC CT scanners are CT scanners that are designed to provide high-quality diagnostic images in non-traditional settings such as emergency rooms, operating rooms, and intensive care units. These scanners are larger and more powerful than other types of POC CT scanners and are often used to diagnose and treat patients with complex medical conditions. Full-sized POC CT scanners use X-rays and advanced computer algorithms to generate detailed, 3D images of the body's internal structures. The images produced by these scanners are used to diagnose a wide range of medical conditions, including cancer, cardiovascular disease, and traumatic injuries. The most important advantage of these scanners is their speed, these scanners are designed to provide rapid, high-quality diagnostic images, which is especially important in emergency situations where timely diagnosis and treatment can be critical to patient outcomes. These factors contribute to the growth of the full-sized POC CT scanners segment.
The compact POC CT scanners segment is expected to be the fastest-growing segment throughout the forecast period, due to its compact size and lightweight. Compact POC CT scanners use the same technology as traditional CT scanners to produce detailed, 3D images of the body's internal structures. Still, they are designed to be more mobile and easier to use in a variety of settings. Additionally, these scanners are designed to be transported easily and quickly to the location where they are needed, which can be especially important in emergency situations where rapid diagnosis and treatment are critical. These scanners can be used in a wide range of healthcare settings, including remote or underserved areas where access to traditional CT scanners may be limited. These aspects contribute to the growth of the compact POC CT scanners segment.
Point of Care CT Imaging Systems Market by Application
Based on the application, the global point of care CT imaging systems market is segmented into musculoskeletal, neurology, ENT, respiratory, and others.
The neurology segment dominated the market with the largest revenue share in 2022. Point of care CT imaging systems are advanced medical imaging devices that can be used in non-traditional healthcare settings such as emergency rooms, operating rooms, and intensive care units. These devices can provide rapid and accurate imaging of the brain and nervous system, which can be critical in the diagnosis and treatment of a wide range of neurological conditions. Neurology applications for point of care CT imaging systems include the diagnosis and monitoring of stroke, traumatic brain injury, brain tumors, and other neurological conditions. These imaging systems can provide high-resolution images of the brain and nervous system, allowing healthcare providers to quickly and accurately diagnose these conditions and provide appropriate treatment. Additionally, point of care CT imaging systems are often designed to be more compact and portable than traditional CT scanners, which can be especially important in neurology applications where the patient may be unable to travel to a larger medical facility. This portability can also be useful for imaging patients in remote or underserved areas. These overall factors contribute to the growth of the neurology segment.
Point of Care CT Imaging Systems Market by End User
Based on the end user, the global point of care CT imaging systems market is segmented into hospitals, clinics, ambulatory surgery centers, and others.
The hospitals segment had the principal revenue share of the market in 2022, owing to the high footfall of patients. In the hospital setting, these imaging systems can be used for a variety of applications, including the diagnosis of traumatic injuries, stroke, cancer, and other conditions. Additionally, as technology continues to advance, it is likely that point of care CT imaging systems will become even more important in the hospital setting, providing healthcare providers with advanced diagnostic capabilities that can improve patient outcomes and quality of care. These overall factors contribute to the growth of the hospitals segment.
The ambulatory surgery centers (ASC’s) segment is expected to be the fastest-growing segment throughout the forecast period. Ambulatory surgery centers specialize in same-day surgical procedures and other medical interventions that do not require overnight hospitalization. ASCs often have limited space, and point of care CT imaging systems are designed to be more compact and portable than traditional CT scanners, making them an ideal choice for use in these facilities. These imaging systems can be easily transported to different areas of the ASC as needed, allowing healthcare providers to provide patients with high-quality diagnostic images without the need for them to be transported to a larger medical facility. Additionally, point of care CT imaging systems can be an important cost-saving tool for ASCs. By providing high-quality imaging in-house, ASCs can avoid the need for patients to be transported to larger medical facilities for imaging, which can be both costly and time-consuming. This can help reduce healthcare costs and improve patient satisfaction. These overall factors contribute to the growth of the ambulatory surgery centers segment.
Point of care CT imaging systems Market by Region
Geographically, the global point of care CT imaging systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the global point of care CT imaging systems market with the largest revenue share in 2022, attributed to the presence of key market players and top-notch reimbursement policies. Additionally, companies across the region are continuously involved in launching new and improved products, which is also helping in the growth of the market. For instance, in June 2022, Xoran Technologies submitted an FDA 510(k) application for TRON, an open-bore fluoroscopy computed tomography (CT) imaging system designed for full-body point-of-care use. TRON offers potential benefits such as reduced transport risks for patients, improved accessibility to patient CT scans in limited spaces, and improved throughput for radiology departments. Its compact and mobile design marks a significant milestone in optimizing a highly deployable CT scanner, making it a point-of-care solution for patients beyond the designated confines of limited space. This potential addition to Xoran's suite of imaging systems could provide healthcare providers with an advanced diagnostic imaging tool, contributing to better healthcare outcomes and increased patient satisfaction.
Competitive Landscape
The prominent players operating in the global point of care CT imaging systems market are:
Strategic Developments
The global point of care CT imaging systems market was valued at US$ 247.9 million in 2022.
The rising prevalence of chronic diseases, advances in imaging technology, and major players working across the globe working on launching new and improved products are the factors driving the market growth.
The CAGR of the point of care CT imaging systems market during the forecast period will be 7.2% from 2023 to 2031.
Some prominent players operating in the global point of care CT imaging systems market areNeuroLogica Corp., Thorlabs, Inc., KaVo Kerr, Carestream Health, GE Healthcare, and Koninklijke Philips N.V, among others
The regulatory challenges and limited availability of trained personnel are factors restricting the global market growth to full potential.
*Insights on financial performance are subject to the availability of information in the public domain
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