Point of Care (POC) CT Imaging Systems Market to Soar at 19.9% CAGR till 2027

(The Express Wire via Comtex)

The global “point of care (POC) CT imaging systems“ market size is projected to reach USD 869.6 million by 2027, exhibiting a CAGR of 19.9% during the forecast period. Development and introduction of POC CT imaging systems powered by artificial intelligence (AI) is set to emerge as a novel growth opportunity for the market, observes Fortune Business Insights™ in its report, titled “Point of Care (POC) CT Imaging Systems Market Size, Share and COVID-19 Impact Analysis, By Product Type (Full-sized, Compact), By Application (Hospitals, Ambulatory Surgical Centers, Radiology Centers, and Clinics), and Regional Forecast, 2020-2027”.

AI has steadily penetrated the healthcare industry and companies are leveraging AI capabilities to develop cutting-edge diagnostic and surgical solutions. In March 2019, for instance, Siemens Healthineers showcased its AI-Rad Companion Chest CT, an AI-powered software assistant to aid radiologists, at the ECR 2019 expo. Equipped with advanced algorithms, the CT system can automatically highlight distinct structures in the thorax and detect potential anomalies. Another example is Aidoc, a deep learning startup, which launched a comprehensive full-body AI-enabled CT scan solution. The system is designed to support radiologists by covering the head, c-spine, chest, and abdomen areas. The integration of AI into point of care CT imaging systems will, therefore, propel the growth of this market in the foreseeable future.

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The report states that the global market value stood at USD 217.6 million in 2019 and offers the following:

  • Precise depiction of the industry trends and outlook;
  • Detailed assessment of the factors driving and restraining the market;
  • Comprehensive study of all the individual market segments; and
  • Actionable research into the regional dynamics and developments in the competitive landscape of the market.

Driving Factor

Spike in Hospital Admissions amid COVID-19 to Stimulate Growth

The COVID-19 pandemic outbreak is proving beneficial for the point of care CT imaging systems market growth. This is mainly attributable to the sudden spike in hospital admissions via the emergency departments in hospitals as coronavirus-infected people tried to seek immediate medical help. In the US, for example, a joint study by Yale University and the Mayo Clinic found that emergency department admissions in hospitals rose by 22% in North Carolina and a whopping 149% in New York. POC CT imaging equipment plays a critical role in providing an efficient diagnosis of infections or in detecting internal injuries in case of accidents, which are typically brought into healthcare facilities through the emergency departments. However, despite the high importance of these machineries, the COVID-19 pandemic has contracted their usage as people are avoiding going to hospitals for fears of contracting the infection. A study by the University of Athens has also concluded that high priority given by patients to economic needs is also factor prohibiting them from seeking emergency care.

An Overview of the Impact of COVID-19 on this Market :

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this market.

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Regional Insights

Active Adoption of Advanced Diagnostics to Aid Market Growth in North America

At USD 96.4 million, North America dominated the point of care CT imaging systems market share in 2019 and is likely to retain its top position during the forecast owing to the speedy uptake of advanced diagnostic tools by healthcare facilities as well as the patients in the region. Furthermore, favorable reimbursement policies along with wider insurance coverage will also support the POC CT imaging systems market growth in the region.

In Europe, growing demand for outpatient services in countries such as Germany and the UK will create multiple opportunities for market players. In addition to this, the region’s robust healthcare system will also ensure enduring growth of the market. In Asia Pacific, the market will be primarily driven by the increasing affordability of and accessibility to advanced medical technologies.

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Competitive Landscape

Key Players to Exploit Opportunities to Innovate and Expand

Prominent players operating in the POC CT imaging systems market are taking various measures to exploit the widespread innovation opportunities created by the evolving dynamics of this market. The launch of novel imaging solutions is enabling these companies to entrench their position in the market and amplify their operations at the international level.

Industry Developments:

September 2020: Carestream Health secured clearance from the US Food and Drug Administration (FDA) for the CS 9300, its new point of care computed tomography system for allergy and otolaryngology (ENT) practices across the US.

December 2019: Samsung Neurologica unveiled its whole-body and head CT offerings, BodyTom®Elite and OmniTom®, at the Radiological Society of North America 2019 Annual Meeting in Chicago. These systems are mobile and are designed to deliver point-of-care health services, without needing additional space or power.

List of Key Companies Profiled in the Point of Care (POC) CT Imaging Systems Market Report:

  • Xoran Technologies
  • Kavo Kerr
  • SCANCO Medical
  • Planmed Oy
  • GENORAY
  • CurveBeam
  • Samsung NeuroLogica

Table Of Contents :

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1. Cost Structure of Point of Care CT Imaging Systems

4.2. Labor Cost of Point of Care CT Imaging Systems - By Key Country/Region

4.3. Market Channel Analysis of Point of Care CT Imaging Systems

4.4. Major Downstream Customers of Point of Care CT Imaging Systems Analysis

4.5. Key Industry News and Key Policies

4.6. Healthcare Expenditure Key Countries (2019)

Toc Continue…

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Press Release Distributed by The Express Wire

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