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Spectral Computed Tomography Market Prophesied to Grow at a Faster Pace by 2026

VALLEY COTTAGE, N.Y. – Spectral Computed Tomography is a scanning technique unlike conventional computed tomography it separates the energy into two or more narrow energy bands instead of using one broad energy band of x-rays. Energy bands are absorbed differently by different body tissues. Introduction of spectral computed tomography has revolutionized the diagnostic system by offering radiologists more clear view over any type of discrepancy in body organs. The exclusivity and preciseness of spectral computed tomography proved them to be a useful and reliable tool for radiologists around the globe. Spectral computed tomography is able to perform image acquisition and processing at multiple energy levels, which are to improving visualization than conventional CT and providing urgent diagnosis for disorders having large prevalence these days such as aneurysm, cancer, tumor, cardiovascular impairment and disease related to bones.  The demand for spectral tomography foreseen to increase on the back drop of rising healthcare expenditure in the economies worldwide. Furthermore, in some cases for accurate diagnosis a contrast agent is administered intravenously prior to the scan, the drug or the agent dose used is comparatively lower than the dose used in conventional CT scans. Besides, easy availability of conventional x-ray imaging system’s and its cost the spectral tomography is gaining popularity and as a result adoption is anticipated to increase in the near future.

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Spectral Computed Tomography Market: Drivers & Restraints

Spectral computed tomography is an upcoming scanning technique that may overshadow the applications of conventional computed tomography. The images formed from spectral CT are reconstruction of two or more sets of spectral absorption values measured during the scan. Broad application base and superior diagnostic quality is anticipated to drive the market in near future. Moreover, the disease with high prevalence rate, especially the chronic non-communicable diseases is expected to underpin the spectral computed tomography market. Diseases such as cancer, tumor, cardiovascular disease, renal and hepatic disease are forcing the spectral computed tomography market to grow with high pace. The gradual rise in aging population is also expected to drive the market positively. Rise in novel and unknown disease is favoring the demand for clearer imaging techniques is expected to push the market upwards. Although, significant number of factors are is in favor but still there are some unavoidable restraints such as cost for imaging, contrasting agent reaction, high installation cost, lack of skilled personnel, initial phase of technology, lack of awareness and high installation costs are few factors, which are anticipated to resist the market growth.

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Spectral Computed Tomography Market: Segmentation

Spectral Computed Tomography market is classified on the basis of application areas, product type, technology and end-user

Based on application areas, the global spectral computed tomography market is segmented into the following:

  • Medical Imaging Device
    • Oncology
    • Body Imaging
    • Cardiology
    • Neurology,
    • Spine,
    • Urology,
    • Musculoskeletal disorders
    • Others
  • Industrial
    • Electronics
    • Oil and Gas
    • Automotive and Transportation
    • Others

Based on product type, the global Spectral Computed Tomography market is segmented into following:

  • Spiral CT
  • Electron Beam Tomography
  • Multi-slice computed tomography

Based on technology, the Spectral Computed Tomography market is segmented into the following:

  • Dual-layer detector
  • Gemstone spectral imaging detector

Based on end-user, the Spectral Computed Tomography market is segmented into the following:

  • Hospitals
  • Private clinics
  • Diagnostic and Imaging centers
  • Academic institutes and research centers
  • Others

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Spectral Computed Tomography Market: Overview

Spectral computed tomography market is predicted to rise during the forecast period due to its broad application base and quality imaging. Spectral computed tomography market is projected to grow with prominent CAGR due to increase in ageing population in developing countries. Innovations like dual-layer detector is expected to propel the market demand for spectral computed tomography. The market is anticipated to show the high growth rate due to eruptions of novel unknown diseases and increase in per-capita healthcare expenditure.

Spectral Computed Tomography Market: Region-wise Outlook

Based on geographic regions, spectral computed tomography market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Japan, Asia Pacific and Middle East & Africa. North America seized major share in the global market of spectral computed tomography market due to increase in aging population and high adoption rate of new technologies followed by Western and Eastern Europe, Asia Pacific is expected to have gradual rise in growth due to developing economies and moderate expenditure on healthcare. The spectral computed tomography market in japan will have a constant growth due to the balance between adoption of technology and prevalence of diseases. Middle East and Africa holds promising future for rise in the global spectral computed tomography market as expenditure on healthcare from foreign countries is increasing which is favoring the introduction of latest technologies.

Spectral Computed Tomography Market: Key Players

There are many key performers in spectral computed tomography market some of the names who are leading the market in spectral computed tomography market worldwide are Philips Healthcare, GE Healthcare, Siemens Healthcare, Toshiba Medical System Corporations, Hitachi Medical Corporations, Pie Medical Imaging, Shimadzu Corporation, Neusoft Medical Systems.

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Last Updated: 19-Dec-2019