[179 Pages Report] Expanding at a high CAGR of 8.2%, the global Dual and Multi-energy Computed Tomography (CT) Market is projected to increase from a valuation of US$ 1.5 Billion in 2022 to US$ 2.6 Billion by 2029.
| Attribute | Details |
|---|---|
| Dual and Multi-Energy Computed Tomography Market Size (2022) | US$ 1.5 Billion |
| Sales Forecast (2029) | US$ 2.6 Billion |
| Global Market Growth Rate (2022 to 2029) | 8.2% CAGR |
| Share of Top 5 Market Players | 50% |
Dual and multi-energy computed tomography accounted for approximately 14.1% share of the global orthopaedic imaging equipment market in 2021. Dual-source CT and rapid kVp switching, together hold more than 70% market share.
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| Particulars | Details |
|---|---|
| H1, 2021 | 7.93% |
| H1, 2022 Projected | 8.20% |
| H1, 2022 Outlook | 8.00% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 20 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (+) 07 ↑ |
H1-2022 outlook period in comparison to H1-2022 projected period showed a negative growth in terms of Basis Point Share by 20 BPS. However, In H1-2022, the market growth rate of dual and multi-energy computed tomography (CT) is expected to rise by 07 basis point share (BPS), as per FMI analysis.
The decline in the BPS values observed was attributed to the limited dual-energy spectral contrast and non-availability of tube current modulation for radiation dose reduction, thus posing to be harmful during application.
Conversely, better image resolution, reduction of beam-hardening, and patented new product launches to address issues related to imaging field resolution, are set to present a positive outlook of growth for the market.
Key developments in the market include the introduction of Photon counting CT (PCT). The market is highly influenced by device regulations, and device install base, under the impact of macro and industry factors.
“Rising Aging Population and High Need for Medical Imaging Driving Market Growth”
From 2014 to 2021, the global dual and multi-energy computed tomography market registered a CAGR of 6.4%.
Rising prevalence of chronic diseases, increase in technological innovation, and growing adoption of minimally-invasive diagnostic procedures are primary factors for the demand growth of dual and multi-energy computed tomography.
Moreover, inclination towards the use of dual and multi-energy CT, and growing prevalence of cardiovascular diseases and tumorigenic cancer, are factors expected to drive market growth going forward.
Continuous focus on the introduction of new and advanced medical imaging devices is expected to propel growth of the dual and multi-energy computed tomography market over the forecast period of 2014-2029.
Considering these factors, the market is projected to witness a high CAGR of 8.2% and reach a valuation of US$ 2.6 Bn by 2029.
“Need for Technologically-advanced Devices Driving Dual and Multi-Energy CT Techniques”
According to data of the National Institutes of Health, patients age 65 and older undergo diagnostic imaging two or more times than that of younger people. Women also tend to need imaging slightly more than men.
Increase in aging population due to longer life expectancy, especially in high-income countries, is anticipated to boost the medical and healthcare industry. Growing patient expectations about quality of care are also driving demand for dual and multi-energy CT techniques, hence boosting the overall imaging market.
CT scans are commonplace in detecting lung cancer in the elderly having a history of smoking. Driven by recent breakthroughs in the field of medical imaging, dual and multi-energy CT techniques will also play an instrumental role in the mass scanning and diagnosis of suspected cases of coronavirus.
Imaging procedures have improved the ability of skilled personnel to properly diagnose and treat conditions, while also allowing patients to avoid more invasive procedures. For many conditions such as brain tumors, imaging is the only non-invasive diagnostic method available. However, the appropriate choice of imaging modality depends on the disease, organ, and specific clinical questions to be addressed.
Various open surgical procedures can now be substituted with minimally-invasive procedures under the guidance of CT. For example, fluoro-CT imaging is now used to guide many minimally-invasive procedures. This will result in increased global demand for dual-energy CT scanners, which is expected to drive the growth of the global dual and multi-energy CT market.
“High Cost of Dual and Multi-Energy CT Equipment to Hamper Market Expansion”
Health issues and consequences linked with CT imaging procedures as well as high cost of modern dual and multi-energy CT devices are projected to hamper overall market growth to some extent.
Principal Consultant
“Increasing Government Funding Driving Growth of Medical Diagnostic Equipment Sector in North America”
North America is expected to be the most lucrative regional market for dual and multi-energy computed tomography over the forecast period. North America will continue to be a prominent market due to increasing prevalence of chronic diseases and rise in government support towards effective medical diagnostic equipment.
Government organizations in the region are showing ample support for the establishment of diagnostic centers to address the expanding patient pool of chronic diseases.
“Rapid Deployment of Advanced CT Scanners to Upsurge Market Growth”
The market in the U.S. is projected to dominate owing to rising investments towards the development of advanced CT scanners. Moreover prominent presence of key market players in the country has strengthened the market position.
Rising adoption of minimally-invasive diagnostic procedures, growing use of advanced CT scanners, and increasing funding for R&D projects across the U.S. are projected to propel growth of the market over the coming years.
“Emergence of Advanced Medical Monitoring Devices to Enhance Market Progression”
Increasing prevalence of chronic and cardiovascular diseases, and also other diseases, are fueling demand for medical monitoring devices in China.
Launch of medical monitoring devices prominently accounts for the growing popularity of dual and multi-energy CT across China. Increasing government funding will also boost the growth of the medical industry in China.
Dual and multi-energy computed tomography product manufacturers are therefore targeting China to strengthen their business foothold.
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“Adoption of Dual-Source CT Increasing Due to Efficiency and Accurate Nature”
Accounting for 37.8% share, dual-source CT remains the most preferred dual and multi-energy computed tomography product.
Dual-source CT is a type of CT imaging that employs two X-ray references, one for monochromatic pictures and the other for the Schmidt Backscatter technique. Dual-source CT eliminates the need for a second photon-counting detector, and the scanning process is achieved with existing hardware.
Adopting a low kVp range while keeping good image quality helps decrease patient exposure to ionizing radiation. This decreases radiation exposure to patients by using a low kVp range.
“Rapid Rise in Number of Tomography Procedures in Hospitals”
Hospitals will continue to remain the immediate end user of dual and multi-energy CT throughout the projection period. Rising caseloads of diseases and injuries that require effective diagnostic imaging services are translating to increasing number of hospitals across continents.
In hospitals, dual and multi-energy computed tomography is utilized to diagnose patients. It can be used in a variety of settings, including orthopaedics, cardiology, and cancer. Market players are significantly investing in hospitals to ensure profitable margins. In addition, they are also targeting diagnostic centers, which are exhibiting a growth rate nearly identical to that of hospitals.
The COVID-19 pandemic has had a huge impact on the orthopaedic imaging equipment market. COVID-19 pandemic elevated the demand for hospitalization to unprecedented levels. During the pandemic, demand for advanced medical imaging techniques to diagnose the coronavirus patient pool skyrocketed, and various flaws in the hospital infrastructure were exposed.
Now, researchers are comparing different types of techniques used in dual-energy CT scanners, and are laying greater emphasis on multi-energy CT. Continuous research activities on dual and multi-energy CT will thus create a fertile environment for market players over the years ahead.
Dual and multi-energy CT equipment suppliers are focusing on performing rigorous research on conventional methods. While existing clinical techniques mainly describe material separation, ongoing research activities consist of abdominal imaging, which include detection and stratification of liver steatosis and fibrosis.
Due to increase in the incidence of injuries and diseases, such as cancer and orthopaedic disorders, among others, various governments in developed countries are actively funding R&D activities to develop cost-effective and efficient medical devices.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | Value in US$ Million |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Pricing | Available upon Request |
Dual and Multi-Energy CT Market by Product:
Dual and Multi-Energy CT Market by Clinical Application:
Dual and Multi-Energy CT Market by End User:
Dual and Multi-Energy CT Market by Region:
In 2022, the global dual and multi-energy CT market is expected to reach US$ 1.5 Bn.
Dual-source CT accounts for 37.8% share of the dual and multi-energy CT market.
Increasing aging population and rising need for advanced medical imaging are factors driving dual and multi-energy CT market growth.
Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, Canon Medical Systems, and Fujifilm Holdings Corporation are leading manufacturers of dual and multi-energy CT devices.
The global market is expected to rise at 8.2% CAGR over the forecast period (2022-2029).
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 2.3. Inclusions and Exclusions 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Key Developments and Trends 4. Key Success Factors 4.1. Regulatory Scenario 4.2. Reimbursement Scenario 4.3. Product Characterization 4.4. Installed Base of these Equipment, By Key Region 4.5. Forecast Factors and Impact Analysis 5. Global Dual and Multi-Energy Computed Tomography (CT) Market Demand (Size in US$ Mn) Analysis 2014-2021 and Opportunity Assessment, 2022-2029 5.1. Historical Market Value (US$ Mn) Analysis, 2014-2021 5.2. Current and Future Market Value (US$ Mn) Projections, 2022-2029 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Market Background 6.1. Macro-Economic Factors 6.1.1. Global GDP Growth Outlook 6.1.2. Global Healthcare Outlook 6.1.3. Per Capita Healthcare Expenditure Outlook 6.2. Market Dynamics 6.2.1. Drivers 6.2.2. Restraints 6.2.3. Opportunity Analysis 7. Global Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029, by Product 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Mn) & Volume Units Sold Analysis By Product, 2014–2021 7.3. Current and Future Market Size (US$ Mn) Volume Units Sold Analysis and Opportunity Assessment By Product, 2022-2029 7.3.1. Dual-Energy CT 7.3.1.1. Rapid kVp Switching 7.3.1.2. Energy-Sensitive Sandwich Detectors 7.3.1.3. Dual-Source CT 7.4. Market Attractiveness Analysis By Product 8. Global Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029, By Clinical Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Clinical Application, 2014–2021 8.3. Current and Future Market Size (US$ Mn) Analysis and Opportunity Assessment By Clinical Application, 2022-2029 8.3.1. Virtual Mono energetic Imaging 8.3.2. CT angiography 8.3.3. Perfused Blood Volume 8.3.4. Virtual Noncontrast–enhanced Images 8.3.5. Atherosclerotic Plaque Removal 8.3.6. Virtual Noncalcium Images 8.3.7. Urinary Stone Characterization 8.3.8. Crystalline Arthropathies 8.3.9. Others 8.4. Market Attractiveness Analysis By Clinical Application 9. Global Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029, by End User 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) Analysis By End User, 2014–2021 9.3. Current and Future Market Size (US$ Mn) Analysis and Opportunity Assessment By End User, 2022-2029 9.3.1. Hospitals 9.3.2. Diagnostic Centers 9.3.3. Ambulatory Surgical Centers 9.4. Market Attractiveness Analysis By End User 10. Global Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029, by Region 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Region, 2014–2021 10.3. Current and Future Market Size (US$ Mn) Analysis and Opportunity Assessment By Region, 2022-2029 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East and Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 11.1. Introduction 11.2. Historical Market Size (US$ Mn) & Volume Sold Analysis By Market Taxonomy, 2014–2021 11.3. Current and Future Market Size (US$ Mn) & Volume Units Analysis and Opportunity Assessment By Market Taxonomy, 2022-2029 11.3.1. By Country 11.3.1.1. U.S. 11.3.1.2. Canada 11.3.2. By Product 11.3.3. By Clinical Application 11.3.4. By End User 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Product 11.4.3. By Clinical Application 11.4.4. By End User 11.5. Key Market Participants - Intensity Mapping 11.6. Drivers and Restraints - Impact Analysis 12. Latin America Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 12.1. Introduction 12.2. Historical Market Size (US$ Mn) & Volume Sold Analysis By Market Taxonomy, 2014–2021 12.3. Current and Future Market Size (US$ Mn) & Volume Units Analysis and Opportunity Assessment By Market Taxonomy, 2022-2029 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. By Product 12.3.3. By Clinical Application 12.3.4. By End User 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Product 12.4.3. By Clinical Application 12.4.4. By End User 12.5. Key Market Participants - Intensity Mapping 12.6. Drivers and Restraints - Impact Analysis 13. Europe Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 13.1. Introduction 13.2. Historical Market Size (US$ Mn) & Volume Sold Analysis By Market Taxonomy, 2014–2021 13.3. Current and Future Market Size (US$ Mn) & Volume Units Analysis and Opportunity Assessment By Market Taxonomy, 2022-2029 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. Italy 13.3.1.3. France 13.3.1.4. U.K. 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Russia 13.3.1.8. Rest of Europe 13.3.2. By Product 13.3.3. By Clinical Application 13.3.4. By End User 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product 13.4.3. By Clinical Application 13.4.4. By End User 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. South Asia Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 14.1. Introduction 14.2. Historical Market Size (US$ Mn) & Volume Sold Analysis By Market Taxonomy, 2014–2021 14.3. Current and Future Market Size (US$ Mn) & Volume Units Analysis and Opportunity Assessment By Market Taxonomy, 2022-2029 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Indonesia 14.3.1.4. Malaysia 14.3.1.5. Rest of South Asia 14.3.2. By Product 14.3.3. By Clinical Application 14.3.4. By End User 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product 14.4.3. By Clinical Application 14.4.4. By End User 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. East Asia Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 15.1. Introduction 15.2. Historical Market Size (US$ Mn) & Volume Sold Analysis By Market Taxonomy, 2014–2021 15.3. Current and Future Market Size (US$ Mn) & Volume Units Analysis and Opportunity Assessment By Market Taxonomy, 2022-2029 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Product 15.3.3. By Clinical Application 15.3.4. By End User 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Product 15.4.3. By Clinical Application 15.4.4. By End User 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. Oceania Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 16.1. Introduction 16.2. Historical Market Size (US$ Mn) & Volume Sold Analysis By Market Taxonomy, 2014–2021 16.3. Current and Future Market Size (US$ Mn) & Volume Units Analysis and Opportunity Assessment By Market Taxonomy, 2022-2029 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Product 16.3.3. By Clinical Application 16.3.4. By End User 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Product 16.4.3. By Clinical Application 16.4.4. By End User 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. Middle East and Africa Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 17.1. Introduction 17.2. Historical Market Size (US$ Mn) & Volume Sold Analysis By Market Taxonomy, 2014–2021 17.3. Current and Future Market Size (US$ Mn) & Volume Units Analysis and Opportunity Assessment By Market Taxonomy, 2022-2029 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkey 17.3.1.3. Northern Africa 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East and Africa 17.3.2. By Product 17.3.3. By Clinical Application 17.3.4. By End User 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Product 17.4.3. By Clinical Application 17.4.4. By End User 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Emerging Countries Dual and Multi-Energy Computed Tomography (CT) Market Analysis 2014-2021 and Opportunity Assessment 2022-2029 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. India Dual and Multi-Energy Computed Tomography (CT) Market Analysis 18.2.1. Introduction 18.2.2. PEST Analysis 18.2.3. Market Value Analysis by Market Taxonomy 18.2.4. Market Value (US$ Mn) and Volume Units Analysis and Opportunity Assessment by Market Taxonomy 18.2.4.1. By Product 18.2.4.2. By Clinical Application 18.2.4.3. By End User 18.3. China Dual and Multi-Energy Computed Tomography (CT) Market Analysis 18.3.1. Introduction 18.3.2. PEST Analysis 18.3.3. Market Value Analysis by Market Taxonomy 18.3.4. Market Value (US$ Mn) and Volume Units Analysis and Opportunity Assessment by Market Taxonomy 18.3.4.1. Product 18.3.4.2. By Clinical Application 18.3.4.3. By End User 18.4. Brazil Dual and Multi-Energy Computed Tomography (CT) Market Analysis 18.4.1. Introduction 18.4.2. PEST Analysis 18.4.3. Market Value Analysis by Market Taxonomy 18.4.4. Market Value (US$ Mn) Analysis and Opportunity Assessment by Market Taxonomy 18.4.4.1. By Product 18.4.4.2. By Clinical Application 18.4.4.3. By End User 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Share Analysis of Top Players 19.3. Company Share Analysis 19.4. Market Presence Analysis 19.4.1. By Regional footprint of Players 19.4.2. Channel Foot Print by Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive (Tentative List) 20.3.1. Canon Medical Systems Corporation 20.3.1.1. Overview 20.3.1.2. Service Portfolio 20.3.1.3. Profitability by Market Segments (Service/Channel/Region) 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.5.1. Marketing Strategy 20.3.1.5.2. Service Strategy 20.3.1.5.3. Channel Strategy 20.3.2. GE Healthcare 20.3.2.1. Overview 20.3.2.2. Service Portfolio 20.3.2.3. Profitability by Market Segments (Service/Channel/Region) 20.3.2.4. Sales Footprint 20.3.2.5. Strategy Overview 20.3.2.5.1. Marketing Strategy 20.3.2.5.2. Service Strategy 20.3.2.5.3. Channel Strategy 20.3.3. Koninklijke Philips N.V. 20.3.3.1. Overview 20.3.3.2. Service Portfolio 20.3.3.3. Profitability by Market Segments (Service/Channel/Region) 20.3.3.4. Sales Footprint 20.3.3.5. Strategy Overview 20.3.3.5.1. Marketing Strategy 20.3.3.5.2. Service Strategy 20.3.3.5.3. Channel Strategy 20.3.4. Siemens Healthineers 20.3.4.1. Overview 20.3.4.2. Service Portfolio 20.3.4.3. Profitability by Market Segments (Service/Channel/Region) 20.3.4.4. Sales Footprint 20.3.4.5. Strategy Overview 20.3.4.5.1. Marketing Strategy 20.3.4.5.2. Service Strategy 20.3.4.5.3. Channel Strategy 21. Assumptions and Acronyms Used 22. Research Methodology
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Dual and Multi-Energy Computed Tomography (CT) Market
