CT Market Future Prospects
The global computed tomography market size is USD 6.3 billion in 2024, and it will grow at a CAGR of 8.0% during 2025–2032, to reach USD 11.6 billion by 2032. This is attributed to the rise in applications of CT scanners for a variety of medical procedures, which include imaging of the brain and body. The industry is also being driven by government investments and technical advancements in nations like India, China, and Japan.
The COVID-19 pandemic had positively impacted the market. The demand for CT scans increased sharply during the start of the pandemic. Thus, large manufacturers boosted the production of CT scanners, due to the increased cases of chest examinations of patients during the crisis.
The increasing demand for advanced imaging solutions and rising patient emphasis on effective and early disease diagnosis act as the major factors driving the growth of the computed tomography devices market. Moreover, initiatives taken by governments such as favorable policies and healthcare funding, growth in awareness regarding early disease diagnosis among the population, and increasing prevalence of targeted diseases among people across the globe accelerate the market demand.