Spectral computed tomography is a technique that involves the visualization of tissue composition. It determines the atomic number of the tissues in the body. In addition, if the patient has received iodinated contrast, spectral computed tomography can determine the iodine amount in the tissues, which further helps in visually subtracting the iodine. The energy of the image can be altered on a sliding scale. Spectral computed tomography uses two X-ray photon energy spectra, which allows the interrogation of materials that have different attenuation properties at different energy ranges. It can be used to reconstruct numerous image types such as weighted average images, electron density maps, virtual monoenergetic images, material decomposition images, and effective atomic number maps.
Impact of COVID-19 on Medical Device Market
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Increase has been witnessed in the demand for medical supplies to take care of the infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment, including masks, gloves, and protective eyeglasses. In addition, the need for medical supplies has increased considerably, both from healthcare professionals and the civil population for precautionary measures, owing to rise in the number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure an adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the spectral computed tomography market.
Top Impacting Factors
The major driving factors of the global spectral computed tomography market include rise in geriatric population across the world, increase in prevalence of chronic diseases, preference for image-guided interventions, and advancement in the medical technology field.
The medical field is adapting IT in diagnostics, such as the use of artificial intelligence with computed tomography to improve the imaging techniques, which is a major factor that boosts the growth of the spectral computed tomography market. It has created multiple growth opportunities in the healthcare sector, as this sector needs product efficacy at every level of product usage.
However, high cost of spectral computed tomography may create a hurdle in the growth of the market globally. In addition, the easy availability of other traditional imaging methods such as CT and MRI is projected to hamper the spectral computed tomography market growth during the forecast period.
Key Market Trends
The prominent players of the spectral computed tomography market are focused on strategies such as innovations and demand increment through sales and marketing. Mergers & acquisitions and development in products are some key strategies of prominent players in the market suc h as Koninklijke Philips N.V. and Neurosoft Medical Systems.
In March 2018, Koninklijke Philips N.V. entered a 15-year strategic partnership ZorgSaam Hospital. This hospital is based in the Netherlands. As per the agreement, ZorgSaam will be provided with a wide range of image-guided therapy solutions and diagnostic imaging from Koninklijke Philips N.V.
In March 2019, Koninklijke Philips N.V. announced the expansion of its radiology solutions portfolio. This expansion is to be done with teleradiology services. Teleradiology includes the medical imaging exams’ image interpretations. Some of these exams are X-rays, MR, and CT. This complements Koninklijke Philips N.V.’s organic innovation initiatives as well.
Key Benefits of the Report
- This study presents the analytical depiction of the spectral computed tomography industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the spectral computed tomography market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years
Questions Answered in the Global Spectral Computed Tomography Market Report
- Which are the leading players active in the spectral computed tomography market?
- How is each segment of the market expected to grow ?
- What are the adoption trends for spectral computed tomography in emerging economies and established economies across the world?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is spectral computed tomography?
- What is spectral computed tomography market prediction in the future?
- What are the current trends and predicted trends?
Spectral Computed Tomography Market Report Highlights
| Aspects | Details |
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 By Application |
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 Key Market Players | General Electric, MARS Bioimaging Ltd., PerkinElmer, General Electric Company, Shenzhen Anke High-tech Co., Ltd, Trivitron Healthcare, Siemens, Pall, Koninklijke Philips N.V., PerkinElmer Inc., Neusoft Corporation, Xoran Technologies, Neusoft Medical Systems,, Hitachi medical, Siemens Healthcare Private, Varian Medical Systems |
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