Mobile Tomography Market Research, 2031
The global mobile tomography market was valued at $631.4 million in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031. Increasing adoption of minimally invasive diagnostics procedures is expected to boost the mobile tomography market size globally.
Mobile tomography is portable and is more convenient for both professionals and patients, which is a driving factor in the anticipated market's growing. Additionally, increased awareness for early detection of illnesses such as cancer, neurological disorders, and the rising frequency of cardiovascular diseases is projected to aid the growth of the mobile tomography market in the coming years.
The high cost of installing and maintaining mobile tomography systems is projected to restrict the market growth throughout the forecast period. The expensive maintenance requirements of mobile tomography equipment, as well as the mobile tomography components' limited flexibility, further restrict the market growth. Additionally, a lack of skilled radiologists hinders market expansion. Because mobile tomography is a relatively new service in the medical industry, lack of trained experts is projected to restrict market growth.
CT devices have experienced significant technical improvements in the last 10 years in the mobile tomography industry, including the development of low-dose and automated CT scanners, which have benefitted the diagnostic imaging sector. These technologies give higher image quality and greater spatial resolution to surgeons and patients while exposing patients to less radiation. Additionally, this cutting-edge mobile tomography device is simple to install, takes up less room, and features an easier-to-use interface. These factors are encouraging researchers and healthcare professionals in major healthcare systems to use such products.
Additionally, major mobile tomography players are proactively focusing on expanding their geographical reach by adopting various market strategies mainly mergers & acquisitions, new product launches, joint ventures, and others to sustain in the global market and create a strong brand image in the industry. For instance, in May 2021, Royal Philips company unveiled the new spectral computed tomography 7500 system that delivers high-quality imaging and allows physicians to deliver quick diagnostic reports.
The key players profiled in this report include Koninklijke Philips N.V., medtronics, canon medical systems corporation, fujifilm corporation, NeuroLogica Corp, neusoft corporation, koning corporation, Olympus Corporation, planmed oy, united imaging healthcare
The global mobile tomography market is segmented on the basis of technology, application, end-use and region. By technology, the market is sub-segmented into high slice scanners, mid slice scanners, low slice scanners, and others. By application, the market is classified into oncology, neurology, cardiology, vascular, and others. By end-use, the market is classified into hospitals, clinics, diagnostic center, research academics, and ambulatory center. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The mobile tomography market is segmented into Technology, Application and End-use.
By technology, the high slice scanners sub-segment dominated the market in 2021. The rising incidence of cardiovascular illnesses, as well as the demand for accurate diagnostic imaging solutions, are expected to drive the segment. High slice technology exposes patients to 80% less radiation than mid-level slice technology (64 slices), with a 16 cm imaging area aiding in accuracy. High slice devices provide detailed images of obese patients; the main issue predicted to limit this segment's growth is the high cost of high slice technology. However, improving healthcare infrastructure and financing capacity will assist to overcome the restriction. These are predicted to be the major factors affecting the mobile tomography market size during the forecast period.
By application, the oncology sub-segment dominated the global mobile tomography market share in 2021. The increasing prevalence of cancer and the growing uses of mobile tomography equipment scans in the diagnosis of various forms of cancers, including lumps and tumors, are likely to boost the market. The advent of modern technology such as computer-aided detection and computer-aided diagnosis of suspicious cancer nodules and assessing the risk of malignancy, especially in lung cancer, is predicted to boost the market growth. The software may also calibrate the captured image with biopsy results, aiding in accurate diagnosis.
By end-use, the hospitals sub-segment dominated the global mobile tomography market share in 2021. The growing number of hospital emergency admissions and surgeries performed each year have all contributed to the market share. Additionally, the penetration of mobile tomography equipment is scaling up rapidly owing to rising healthcare infrastructure globally wherein scanning equipment and radiation devices are installed. This equipment are an important tool for accurate diagnosis for both pre- and post-operatively to establish treatment efficacy and improve disease characterization, and reduce rescans and follow-ups.
By region, North America accounted a dominated the global market in 2021. Due to the country's growing senior population, the U.S. dominates the North American market. Cancer and other chronic diseases are becoming increasingly prevalent as the population grows. The ability of mobile tomography scanners to provide quick, accurate images of the heart and its arteries as well as its capacity to detect or diagnose accumulation in the coronary arteries in order to determine the risk of heart disease have resulted in a significant increase in demand for mobile tomography scans in management of the disease.
Impact of COVID-19 on the Global Mobile Tomography Industry
- The outbreak of the COVID-19 pandemic had created a deep impact on the healthcare industry. The foremost factors mainly shortage of drugs & medicines, unavailability of skilled medical devices operators, financial instability, and changes in governmental policies for importing/exporting medical devices and equipment created serious repercussions on the healthcare sector further slowing down the global economy
- Additionally, there was a significant slowdown observed in the mobile tomography market due to the stoppage of manufacturing medical devices, unavailability of medical components, and others
- The manufacturers of mobile tomography faced a dramatic slowdown in sales owing to the cancellation of promotional events to represent its new product lines of mobile tomography to the consumers/healthcare institutions. However, due to cross-border travel restrictions, the manufacturers where unable to execute such events resulted in hampering sales of mobile tomography
Key Benefits For Stakeholders
- The report provides an exclusive and comprehensive analysis of the global mobile tomography market trends along with the mobile tomography market forecast
- The report elucidates the mobile tomography market opportunity along with key drivers, and restraints of the market. It is a compilation of detailed information, inputs from industry participants and industry experts across the value chain, and quantitative and qualitative assessment by industry analysts
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the market for strategy building
- The report entailing the mobile tomography market analysis maps the qualitative sway of various industry factors on market segments as well as geographies
- The data in this report aims at market dynamics, trends, and developments affecting the mobile tomography market growth
Mobile Tomography Market Report Highlights
Aspects | Details |
Market Size By 2031 | USD 1.4 billion |
Growth Rate | CAGR of 8.2% |
Forecast period | 2021 - 2031 |
Report Pages | 230 |
By Technology |
|
By Application |
|
By End-use |
|
By Region |
|
Key Market Players | Olympus Corporation, Koninklijke Philips N.V., planmed oy, fujifilm corporation, NeuroLogica Corp, canon medical systems corporation, united imaging healthcare, medtronics, neusoft corporation, koning corporation |
Analyst Review
The increase in demand for flexible and moving scanners is the key factor that is projected to drive the growth of the global mobile tomography market during the forecast period. Additionally, the growth of the global mobile tomography market is majorly driven by the rise in cases of chronic diseases such as neurological disorders, cancer, and cardiovascular diseases due to a rise in alcohol consumption, unhealthy eating habits, smoking, & sedentary lifestyle coupled with rise in awareness towards early diagnosis of diseases.
However, high initial investments and healthcare concerns associated with mobile tomography are the key factors that are expected to hamper market growth during the forecast period.
The increased demand for mobile tomography in diagnostic services in both developed and emerging economies is a significant factor for driving the mobile tomography market. A key trend driving the market is that of the increasing use of mobile tomography in neurological illnesses. Because they are minimally invasive, mobile tomography has become increasingly popular and creating significant opportunities for the market players to expand businesses in the global market.
Among the analyzed regions, North America is expected to account for the highest revenue in the market by the end of 2031, followed by Asia-Pacific, Europe, and LAMEA. The growing elderly population and prevalence of chronic diseases are the key factors responsible for North America and Asia-Pacific taking lead in the global mobile tomography market.
The growing usage of mobile tomography systems in the diagnosis and treatment of neurological diseases is estimated to drive the market growth and generate significant opportunities for the market players.
Mobile tomography has a wide range of applications in the diagnosis of chronic disorders such as cancer, orthopaedics, cardiovascular and neurological conditions.
North America is the largest regional market for mobile tomography.
The mobile tomography market is anticipated to reach $1,371.1 million by 2031.
Koninklijke Philips N.V., Medtronics, and Canon Medical Systems Corporation are some of the leading players to hold the highest share in the mobile tomography market.
Loading Table Of Content...