Market Overview:
The global photon-counting computed tomography (PCCT) equipment market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PCCT equipment for medical and industrial applications. Additionally, the growing awareness about the benefits of PCCT over traditional computed tomography (CT) is also contributing to the growth of this market. The global photon-counting computed tomography (PCCT) equipment market by type is segmented into CZT, CdTe, and other types. The CZT segment is expected to account for a major share of the global PCCT equipment market in 2018 owing to its high efficiency and low cost as compared to other types of detectors used in PCCTs such as silicon drift detectors (SDDs). However, with technological advancements being made in detector technology, the CdTe segment is projected to grow at a higher rate than other segments during the forecast period. On basis on application, medical use accounted for majority share of global photon-counting computed tomography (PCTC) equipments demand due rising number cancer patients who are opting for PET/CT scans instead traditional X-rays or MRI scans that offers less clarity about tumors location & size .
Product Definition:
Photon-counting computed tomography (PCCT) is a medical imaging technique used to visualize the interior of a body without the use of radiation. Unlike traditional computed tomography (CT), PCCT does not rely on X-rays to generate an image. Instead, it uses low-energy particles called photons to build up a three-dimensional image of the body. The importance of PCCT lies in its ability to produce high-resolution images with reduced radiation exposure.
CZT:
CZT is Copper Zinc Tarnish, a copper-zinc alloy. It has high electrical and thermal conductivity, low bulk density (around 1.8 g/cm3), and high reflectivity on X-ray analysis. CZT film is used in photomultiplier tubes of ionization chambers in CT scanners to detect the quantity of tissue or body fluids that pass through the beam during a given time interval.
CdTe:
Cadmium telluride (CDTe) is a chemical compound of cadmium, tellurium and selenium. It is produced by the direct reaction between these elements at high temperature and pressure in the presence of calcium or zinc as catalyst. The major applications include X-ray source material, semiconductor windows, radiation detectors & photomultiplier tubes; infrared optical windows; heaters for nuclear reactors; gas sensors for air pollution control systems & spacecraft instruments.
Application Insights:
Medical use accounted for the largest share of more than 50.0% in 2017 owing to rising applications in medical imaging, such as breast imaging and musculoskeletal studies. Photon-counting Computed Tomography (CT) is widely used for medical applications due to its ability to provide detailed images of soft tissue structures with high spatial resolution.
The industrial segment is expected to expand at a CAGR of XX% over the forecast period owing to growing demand from various industries, including energy and power, oil & gas, manufacturing and construction for non-invasive inspection on large scale production or construction sites or underground facilities where conventional methods cannot be used due double or multiple hazards represented by electric fields and high radiological background levels.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The growth can be attributed to the increasing adoption of Computed Tomography (CT) and its application in various medical specialties, such as cardiology, nuclear medicine, oncology/hematology. Moreover, technological advancements coupled with high healthcare expenditure levels are also contributing toward market growth in this region.
Asia Pacific is expected to witness lucrative CAGR during the forecast period owing to rising demand for advanced technologies along with improving healthcare infrastructure and reimbursement policies that enable easy access to care facilities especially at a domestic level. Furthermore, growing awareness regarding CT procedures will drive demand further over the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The increasing demand for minimally invasive surgeries is one of the key growth drivers for the photon-counting computed tomography (PCCT) equipment market. Minimally invasive surgeries are less traumatic and result in shorter hospital stays and faster recoveries as compared to traditional open surgery procedures. This has led to an increase in the adoption of PCCT equipment, especially in developed countries.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive the demand for PCCT equipment over the next few years. Elderly patients are more susceptible to diseases such as cancer, which can be diagnosed using PCCT technology with high accuracy levels. Thus, the increasing number of elderly patients will create a strong demand for PCCT systems in hospitals and diagnostic centers worldwide.
- Technological advancements: The technological advancements taking place within the field of medical imaging are paving way for new applications of PCCT technology across different industries such as healthcare, defense & security, research & development etcetera .This is resulting in an increase in investments being made towards R&D activities within these industries which is subsequently propelling market growth opportunities for players operating within this space . In addition ,the growing trend towards personalized medicine will also fuel adoption rates of photon counting computed tomography systems over traditional CT scanners .
Scope Of The Report
Report Attributes
Report Details
Report Title
Photon-counting Computed Tomography Equipment Market Research Report
By Type
CZT, CdTe, Other
By Application
Medical Use, Industrial Use
By Companies
GE Healthcare, Siemens Healthineers, Philips, Xpect Vision
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Photon-counting Computed Tomography Equipment Market Report Segments:
The global Photon-counting Computed Tomography Equipment market is segmented on the basis of:
Types
CZT, CdTe, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Siemens Healthineers
- Philips
- Xpect Vision
Highlights of The Photon-counting Computed Tomography Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CZT
- CdTe
- Other
- By Application:
- Medical Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photon-counting Computed Tomography Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photon-counting computed tomography equipment is a type of medical imaging equipment that uses photons to create images. This technology is often used to diagnose diseases and injuries in the body.
Some of the major players in the photon-counting computed tomography equipment market are GE Healthcare, Siemens Healthineers, Philips, Xpect Vision.
The photon-counting computed tomography equipment market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photon-counting Computed Tomography Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photon-counting Computed Tomography Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photon-counting Computed Tomography Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photon-counting Computed Tomography Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photon-counting Computed Tomography Equipment Market Size & Forecast, 2018-2028
4.5.1 Photon-counting Computed Tomography Equipment Market Size and Y-o-Y Growth
4.5.2 Photon-counting Computed Tomography Equipment Market Absolute $ Opportunity
Chapter 5 Global Photon-counting Computed Tomography Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photon-counting Computed Tomography Equipment Market Size Forecast by Type
5.2.1 CZT
5.2.2 CdTe
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photon-counting Computed Tomography Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photon-counting Computed Tomography Equipment Market Size Forecast by Applications
6.2.1 Medical Use
6.2.2 Industrial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photon-counting Computed Tomography Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photon-counting Computed Tomography Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photon-counting Computed Tomography Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Photon-counting Computed Tomography Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photon-counting Computed Tomography Equipment Market Size Forecast by Type
9.6.1 CZT
9.6.2 CdTe
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photon-counting Computed Tomography Equipment Market Size Forecast by Applications
9.10.1 Medical Use
9.10.2 Industrial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photon-counting Computed Tomography Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Photon-counting Computed Tomography Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photon-counting Computed Tomography Equipment Market Size Forecast by Type
10.6.1 CZT
10.6.2 CdTe
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photon-counting Computed Tomography Equipment Market Size Forecast by Applications
10.10.1 Medical Use
10.10.2 Industrial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photon-counting Computed Tomography Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photon-counting Computed Tomography Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photon-counting Computed Tomography Equipment Market Size Forecast by Type
11.6.1 CZT
11.6.2 CdTe
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photon-counting Computed Tomography Equipment Market Size Forecast by Applications
11.10.1 Medical Use
11.10.2 Industrial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photon-counting Computed Tomography Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Photon-counting Computed Tomography Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photon-counting Computed Tomography Equipment Market Size Forecast by Type
12.6.1 CZT
12.6.2 CdTe
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photon-counting Computed Tomography Equipment Market Size Forecast by Applications
12.10.1 Medical Use
12.10.2 Industrial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photon-counting Computed Tomography Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photon-counting Computed Tomography Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photon-counting Computed Tomography Equipment Market Size Forecast by Type
13.6.1 CZT
13.6.2 CdTe
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photon-counting Computed Tomography Equipment Market Size Forecast by Applications
13.10.1 Medical Use
13.10.2 Industrial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photon-counting Computed Tomography Equipment Market: Competitive Dashboard
14.2 Global Photon-counting Computed Tomography Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Siemens Healthineers
14.3.3 Philips
14.3.4 Xpect Vision
