Point of Care (POC) CT Imaging Systems Market to Soar at 19.9% CAGR till 2027
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 & 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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COVID-19 can affect the global economy
in three main ways: by directly affecting production and demand, by creating supply
chain and market disruption, and by its financial impact on firms and financial
markets. The outbreak of COVID-19 has brought effects on many aspects, like
flight cancellations travel bans and quarantines restaurants closed all indoor
events restricted over forty countries state of emergency declared massive
slowing of the IT Spending market volatility falling business confidence,
growing panic among the population, and uncertainty about future.
Out research methodology is robust and includes data triangulation
based on bottom-up and top-down approaches. We validated the approximate market
number with the help of primary research. Secondary research was conducted to
find out detailed information about mergers & acquisitions, collaborations,
joint ventures, and agreements. At the same time, we have derived significant
information about the market dynamics associated with growth drivers, trends,
and obstacles.
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.
Please visit: https://www.fortunebusinessinsights.com/point-of-care-poc-ct-imaging-systems-market-104306
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.
Quick Buy - Point of Care (POC) CT Imaging Systems
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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
2.
Executive Summary
3. Market
Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. 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)
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