News | Computed Tomography (CT) | April 28, 2020

Dual and multi-energy CT market to reach $2.6 Bn by 2029, ongoing COVID-19 pandemic to offer potential growth avenues

Dual and multi-energy CT market to reach $2.6 Bn by 2029, ongoing COVID-19 pandemic to offer potential growth avenues

April 28, 2020 — Expanding patient pool suffering from cancer, cardiovascular diseases, and dental and orthopedic disorders is primarily driving the need for dual and multi-energy computed tomography (CT) techniques. Continuous focus on the introduction of technologically-advanced devices is expected to propel the growth of the dual and multi-energy computed tomography market over the forecast period of 2019 to 2029. These insights are based on a report on Dual and Multi-Energy Computed Tomography (CT) Market by Future Market Insights.

Amidst the coronavirus pandemic, healthcare systems across the world are overwhelmed; they are running short of supplies such as viral testing kits. This translates to increasing measures of isolation and medical screening. Dual and multi-energy CT is crucial in the early detection of COVID-19, including its nature and extent of damage. As the number of confirmed cases of COVID-19 accelerate, especially in developed regions, dual and multi-energy CT would be critical in the large-scale screening of suspected individuals.

Key Takeaways of Dual and Multi-energy CT Market Study

  • The dual-source CT segment under product type contributed maximum value share in the global dual and multi-energy CT market in 2018, owing to the increasing adoption of dual-source CT and easy availability of the device.
  • CT angiography is expected to be the leading clinical application, resulting in a notable share of the segment in the dual and multi-energy computed tomography market.
  • The hospitals segment under end user holds above 50% of value share in the dual and multi-energy CT market.
  • North America holds around 35% revenue share, and is expected to be the most lucrative region in the global dual and multi-energy computed tomography market during the forecast period.
  • Increasing government funding to boost the growth of the medical industry in Asia is expected to drive the growth of the dual and multi-energy CT market in the region.

Aging Population and Need for Medical Imaging

Increasing aging population with longer life expectancy, especially in developed regions, is anticipated to boost the medical and healthcare industry.

According to the data of the National Institutes of Health (NIH), patients aging 65 years and above undergo diagnostic imaging at rate twice or thrice that of the younger population. Women are also subject to use higher rates of imaging as compared to men. This results in a rise in the number of diagnostic procedures and more effective treatment methods.

Factors such as evolving patient expectations regarding quality of care is also driving the demand for advanced imaging technology, thus boosting the overall imaging market.

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