Mobile Tomography Market Size is Projected to Generate a Revenue of $1,371.1 Mn by 2031Download Sample Reports Overview
The Global Mobile Tomography Market Size is predicted to be valued at $1,371.1 million by 2031, surging from $631.4 million in 2021, at a noteworthy CAGR of 8.2%.
Impact Analysis of COVID-19 on the Mobile Tomography Market
The growing number of COVID-19 cases increased the demand for mobile tomography (MT) scanners, which is expected to have a positive impact on the market. For example, the Abu Dhabi Health Services Company (SEHA) launched a 16-slice mobile CT scanner in the UAE in June 2020 for diagnosing pneumonia in COVID-19 patients, indicating that developing countries are using MT scanners for COVID-19 detection. The MT examination was a valuable adjunct in the diagnosis and subsequent management of COVID-19 patients. MT scans help reduce the likelihood of false-negative RT-PCR results. During COVID-19, the country's demand for MT scans had increased as a result of these findings. However, in a short term, the strict lockdown announced nationwide by governmental authorities to reduce the spread of the virus halted the manufacturing of medical devices and equipment. This further reduced the sales of mobile tomography systems during the pandemic.
The rise in the geriatric population, as well as the surge in demand to determine the efficacy of treatment, are driving the growth of the mobile tomography market. For example, United Imaging launched uCTATLAS in December 2020, an ultra-wide bore mobile tomography system with innovative artificial intelligence technology designed to control pandemics.
Global Mobile Tomography Market Analysis
The use of advanced developed technologies by the health care sector, such as for quicker imaging of organs, blood vessels, and other structures, as well as enhanced diagnosis of disorders with increased imaging, may foster the market for mobile tomography. Developed technologies with varied accessible approaches and enhanced features may benefit the mobile tomography market and infrastructure development in the health care sectors. The growing number of chronic ailments such as cardiovascular disorders, orthopedics, oncology disorders, brain damage requiring increased imaging helps to drive the mobile tomography market. These are the major factors anticipated to boost the mobile tomography market share during the analysis timeframe.
However, lack of availability of skilled healthcare professionals globally is expected to restrict the market growth. According to a report released by The Association of American Medical Colleges, it is projected that there would be a national shortage of up to 124,000 physicians by 2033. This would include shortages of primary care physicians and specialists, such as pathologists, neurologists, radiologists and other healthcare workforce. Additionally, cost of the scanner for maintenance is unaffordable for small-scale medical facilities.
The market for mobile tomography devices is growing as a result of increased patient emphasis on accurate and early illness detection and rising demand for improved imaging solutions. The initiatives taken by the government through benign policies and healthcare financing, development in public awareness about early illness detection, and rising prevalence of targeted diseases among people throughout the world all contribute to the mobile tomography devices market growth. The increased mergers and acquisitions among major market players for the development and distribution of cutting-edge equipment as well as the high utilization of CT scans over other imaging modalities due to its many advantages further promote the market for mobile tomography devices.
Global Mobile Tomography Market, Segmentation
The global mobile tomography market is segmented based on technology, application, end-use, and region.
The technology segment is further classified into high slice scanners, mid slice scanners, low slice scanners, and others. Among these, the high slice scanners sub-segment accounted a dominating market share in 2021. The segment is projected to be driven by the rising incidence of cardiovascular diseases and the demand for accurate diagnostic imaging solutions. When compared to mid-level slice technology (64 slices), high-end slice technology exposes patients to 80% less radiation, and a 16 cm imaging area improves accuracy. Comprehensive images of obese people may be obtained using expensive end-slice equipment; however, the high cost of high slice technology is what expected to have the most effect on this market's growth.
The application segment is further classified into oncology, neurology, cardiology, vascular, and others. Among these, the oncology sub-segment accounted a dominating market share in 2021. This is attributed to rising cancer awareness, increased access to oncology treatments, and advancements in cancer detection techniques. Furthermore, the global oncology sector is expected to grow as a result of increased biopharmaceutical company investments in research and clinical trials of various therapies and diagnostics.
The end-use segment is further classified into hospitals, clinics, diagnostic center, research academics, and ambulatory center. Among these, the hospital sub-segment accounted a dominating market share in 2021. The growing number of emergency hospital admissions and surgeries performed each year have all contributed to the market share. Furthermore, mobile tomography scans are an effective tool for accurate diagnosis both pre- and post-operatively to determine the effectiveness of treatment.
The mobile tomography market in the Asia-Pacific region is anticipated to show the fastest growth by 2031. The countries in the region, mainly China, Japan, and India, are investing heavily in upgrading medical devices with advanced intuitive technologies to achieve more precise diagnostic results. Also, these countries are massively funding the other developing countries to boost healthcare sector. Furthermore, rising local manufacturers and the rising prevalence of chronic disorders are expected to aid market growth. Siemens Healthiness, for example, opened a new MT scanner production unit in India to meet rising demand for MT scanners and strengthen its market position.
Key Players in the Global Mobile Tomography Market
Some of the leading mobile tomography market players are
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Fujifilm Corporation
- NeuroLogica Corp
- Neusoft Corporation
- Koning Corporation
- Olympus Corporation
- Planmed Oy
- United Imaging Healthcare
In November 2021 Siemens Healthineers launched a photon-counting CT scanner called Naeotom Alpha, and this system is cleared for clinical use in the United States and Europe.