Computed tomography (CT) is a sophisticated imaging technique that creates incredibly detailed cross-sectional images of the body using X-rays and computer processing. The patient lies on a table that goes through a circular opening in the CT scanner, with a rotating X-ray tube encircling them. This rotation collects many X-ray images from various angles, which a computer then assembles into multiple thin slices to provide an extensive view of internal organs, tissues, and bones.
United States Computed Tomography Market Driving Factors and Challenges
Drivers: The growing incidence and mortality rates linked to chronic illnesses including diabetes, cancer, cardiovascular disease, neurological disorders, etc. are the main factors driving the computed tomography industry in the US. According to the Centers for Disease Control and Prevention, chronic illnesses like diabetes, cancer, and heart disease are the main contributors to the country's USD 3.8 trillion yearly health care costs as well as the main causes of death and disability. Six out of ten persons in the nation have one or more chronic illnesses, while four out of ten have two or more. As a result, the country's growing incidence of chronic illnesses is fueling the market's optimistic growth.
Challenges: Regulatory agencies such as the US Food and Drug Administration are expected to issue more product recalls over the projected period, which will hinder market expansion. For instance, in June 2020, the US Food and Drug Administration issued a recall for the Computed Tomography XRay System, which is manufactured by Shanghai United Imaging Healthcare Co., LTD, a manufacturer and distributor of equipment. In addition, it is projected that the US market will expand slowly as a result of insufficient reimbursement, stringent regulatory clearance procedures, high-priced equipment and CT scan procedures, among other issues.
Impact of COVID-19 on United States Computed Tomography Market
The COVID-19 epidemic has made it more difficult for patients to access healthcare facilities by increasing wait periods for potentially life-saving nuclear imaging procedures. The outbreak has resulted in longer wait times for patients while their scans are being completed. As per the findings of a study released by the Radiology Society of North America in April 2020, titled "The Economic Impact of the COVID-19 Pandemic on Radiology Practices," radiography practices nationwide have been significantly impacted by the COVID-19 pandemic. Even in the absence of COVID-19, policies put in place to stop the disease's spread are decreasing the necessity for imaging.
United States Computed Tomography Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Canon Medical Systems Corporation (Toshiba Corporation), Carestream Health, Fujifilm Holdings Corporation, GE Healthcare, Koning Corporation, Koninklijke Philips NV, Neusoft Medical Systems Co. Ltd, Planmeca Group (Planmed OY), Samsung Electronics Co., Ltd., Siemens Healthineers AG, Stryker Corporation, Others.
United States Computed Tomography Market Segmentation:
By Type: Based on the Type, United States Computed Tomography Market is segmented as; Low Slice, Medium Slice, High Slice.
By Application: Based on the Application, United States Computed Tomography Market is segmented as; Oncology, Neurology, Cardiovascular, Musculoskeletal, Others.
By End User: Based on the End User, United States Computed Tomography Market is segmented as; Hospitals, Diagnostic Centers, Others.
By Region: This research also includes data for Eastern, Western, Southern and Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.