US Computed Tomography (CT) Systems Market: Strategic Analysis and Opportunity Assessment to 2015

US Computed Tomography (CT) Systems Market: Strategic Analysis and Opportunity Assessment to 2015 Summary GlobalData has released its latest research on a key segment within the medical equipment industry. The “US Computed Tomography (CT) Systems Market: Strategic Analysis and Opportunity Assessment to 2015” report is an essential source of data and analysis on the US CT market with complete coverage by categories. This medical device report on computed tomography provides market landscape, competitive landscape and market trends information on two market categories - single slice CT and multi slice CT. The report identifies the key trends shaping and driving the dynamism in the US CT market. The report also provides insight on the prevalent competitive landscape and on the emerging players which are expected to bring significant shift in the market standing of the existing leaders. The report also analyses the M&A landscape with special focus on the market participants that have been the most M&A active. The report also provides valuable insight on the pipeline products within the US CT market. Scope The report provides market size data and information on two CT market categories - single slice CT and multi slice CT. Annualized market revenues data from 2001 to 2008, forecast forward for 7 years to 2015. Updated company shares data for 2008. Analysis and review of the key events and milestones that will impact the future of the US CT market. Each trend independently researched to provide qualitative analysis of what the implications on sectors are, and how are companies responding to these trends. Insightful review of key industry drivers, restraints and challenges which are likely to impact the US CT market in the long run. In-depth analysis of the M&A landscape with a strong emphasis on the market players, likely to remain active in the near future. The report also covers information on the leading market players, the competitive landscape, and the leading pipeline products and technologies. Key companies covered include GE Healthcare, Siemens Healthcare, Philips Healthcare, Toshiba Medical and Hitachi Medical. Comprehensive analysis of the most likely developments expected to bring a shift to the market positions of the leading manufacturers. The report is built using data and information sourced from proprietary databases, primary and secondary research and in house analysis by GlobalData’s team of industry experts. Reasons to buy Develop business strategies by understanding the trends shaping and driving the US CT Market. Design and develop your product development, marketing and sales strategies by identifying the market categories poised for a strong growth. Exploit in-licensing and out-licensing opportunities by identifying products that are most likely to ensure a robust return. Identify key players best positioned to take advantage of the emerging market opportunities by developing insight on the prevalent and anticipated competitive landscape. Drive revenues by understanding key trends, innovative products and technologies, market segments and companies likely to impact the US CT market in future. Effectively plan your M&A and partnership strategies by identifying companies with the most promising pipeline. Identify emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage. What’s the next being thing in the US CT technology landscape? - Identify, understand and capitalize.

Additional Information

US Computed Tomography (CT) Systems Market: Strategic Analysis and Opportunity Assessment to 2015

GlobalData’s “US Computed Tomography (CT) Systems Market: Strategic Analysis and Opportunity Assessment to 2015” report is an essential source of data and analysis on the US CT market with complete coverage by categories. The report provides market landscape, competitive landscape and market trends information on two market categories - single slice CT and multi slice CT. The report identifies the key trends shaping and driving the dynamism in the US CT market. The report also provides insight on the prevalent competitive landscape and on the emerging players which are expected to bring significant shift in the market standing of the existing leaders. The report also provides valuable insight on the pipeline products within the US CT market.

The US Computed Tomography (CT) Systems Market to Grow at a Modest Pace

The US Computed Tomography (CT) systems market was valued at $1.2 billion in 2008 and is forecast to grow by 2.5% annually for the next seven years to reach $1.4 billion by 2015. The growth will primarily be driven by increasing utilization of CT systems in the diagnosis of many more disease indications, advances in technology and the use of CT in cardiovascular diagnosis.

Hospital adoption and affordability, reduced radiation dosage and expansion of CT diagnostic capabilities to more clinical areas such as cardiac imaging will be the key factors influencing and driving the acceptance of the technology.

Multi Slice CT Systems is the Key Segment Driving Growth in the US CT Systems Market

CT Systems Market, Multi Slice CT Systems Contribution (%), US, 2008

Source: GlobalData

Multi Slice CT systems are the key market segment driving growth within the US CT systems market. This segment accounted for 95% of the overall CT systems market in 2008 and is forecast to reach $1.4 billion in 2015 with a CAGR of 3.2%. The growth in this segment is primarily driven by the multiple image capturing capability, faster scanning times and increased use in non invasive diagnosis of cardiovascular diseases.

Cardiac Imaging to Present Next Growth Opportunity for CT systems

The increasing use of CT scans for diagnosis of cardiovascular diseases is expected to drive the future market. The latest CT systems have the ability to scan large volumes in extremely short times with scanning rates faster than heart beat.

Although cardiac imaging accounts for only about 4% of all CT procedures performed in the US, a significant increase is expected due to advances in multi-slice CT technology. This can be attributed to radiologists being able to capture coronary CT angiographs which were formerly produced by cardiologists using catheter-based angiography.

Reimbursement Cuts to have Negative Effect on Market Growth

Reimbursement cuts for diagnostic imaging tests such as CT scans are expected to have a negative effect on new equipment purchases. In 2009, the US Medicare Payment Advisory Commission proposed a 44% cut in the physician fee schedule for CT scans. This is expected to lead to reduced interest from hospitals and independent diagnostic centers as reimbursement cuts will reduce their profits.

The US CT Systems Market is Highly Competitive with the Top Four Companies Accounting for a 90% Share

Reimbursement cuts for diagnostic imaging tests such as CT scans are expected to have a negative effect on new equipment purchases. In 2009, the US Medicare Payment Advisory Commission proposed a 44% cut in the physician fee schedule for CT scans. This is expected to lead to reduced interest from hospitals and independent diagnostic centers as reimbursement cuts will reduce their profits.

CT Systems Market, US, Company Share (%), 2008

Source: GlobalData