The dual and multi energy computed tomography market size is estimated to be USD 885.1 million in 2022 and is expected to witness a CAGR of 7.87% during the forecast period 2023-2033. Rising frequency of numerous chronic diseases related to lifestyle choices, such as cancer and cardiovascular disorders and surge in demand for improved imaging solutions are factors contributing to the market growth. Furthermore, increasing number of new companies entering the market and rising geriatric population are other factors supporting the market growth. However, high price of present dual and multi-energy CT systems and health problems associated with CT imaging procedures is expected to hinder the growth.

Increasing number of new companies entering the market is expected to propel the market growth during the forecast period. Large-scale producers, including Siemens Healthineers, produce more than 200 CT scanners annually. The demand for CT scan equipment significantly soared as a result of the COVID-19 outbreak; Siemens reported sales of 80 to 100 units in just 45 days. In addition, a number of manufacturers are expanding the CT system production capacity due to the growing demands for chest CT exams.

Rising geriatric population is predicted to fuel the market growth during the projected period. The National Institutes of Health report that individuals 65 and older get diagnostic imaging at a rate that is twice or higher than that of younger people. Women typically require slightly more imaging than men do. The medical and healthcare industries are expected to benefit from an increase in the ageing population spurred by longer life expectancies, particularly in high-income countries.

Segmentation

By Type

The market is categorized into retrospective and prospective. In 2022, the prospective segment accounted for the highest revenue share due to the fact that they have the advantage of being targeted to collect specific exposure data. The prospective technique is the procedure that takes place before the subject needs to be scanned. The potential technique also provides fast kVP switch, single source twin-beam, single source sequential, single source consecutive, and dual source options. On the other hand, the retrospective technique is used after the patient scan and does not require pre-selection. It is reconstructed in projection space, offers a full field of view, and has great temporal resolution. As a result, it is gaining more traction in the market and will do so throughout the duration of the forecast.

By Application

The market is categorized into vascular, neurology, cardiology, musculoskeletal, oncology, and others. In the global market, the oncology segment accounted for the largest revenue share in 2022 owing to rising incidence of cancer and the expanding use of CT scans in the detection of various types of cancer, including lumps and tumors. It is anticipated that the expansion will be boosted by the introduction of cutting-edge technology, such as computer-aided detection and computer-aided diagnosis of suspected cancer nodules and accessing the risk of malignancy, particularly in lung cancer. The software can also calibrate the image that was taken with the results of the biopsy, aiding in precise diagnosis. The segment is anticipated to continue growing at the fastest rate while maintaining its dominant position in the market throughout the forecast period.

By End User

The market is segmented into diagnostic imaging centers, hospitals, and ambulatory imaging centers. In 2022, the hospitals segment accounted for the largest revenue share owing to increase in hospital emergency room visits and increase in annual surgical procedures. Additionally, accurate pre- and post-operative diagnosis using CT scans is a helpful method for determining the effectiveness of the treatment. Hospitals use dual and multi energy computed tomography to diagnose patients.  It can be applied in a number of settings, such as cancer, cardiology, and orthopaedics. Market players are making major investments in hospitals to ensure high profit margins. Additionally, they are focusing on diagnostic centres, whose growth rate is almost comparable to that of hospitals. A growing number of hospitals are opening up across all continents as a result of an increase in the number of diseases and injuries that require efficient diagnostic imaging services.

Regional Markets

In 2022, Asia Pacific region accounted for the highest revenue in the dual and multi energy computed tomography market and is expected to maintain its dominance during the forecast period. This is attributed to the increasing research activities to create new systems, better government healthcare spending, and high demand for cutting-edge imaging technology. This offers the price-sensitive and developing market potential opportunity for growth. North America is also anticipated to experience significant expansion during the projection period. The presence of technologically advanced health workers, excessive government healthcare spending, increase in cancer cases, rise in obesity rates compared to other countries, and elevated research and development activities are all factors that have contributed to the market growth in the North American region.

Competitor Insights

Some of the key players operating in the dual and multi energy computed tomography market are GE Healthcare, Siemens Healthineers, Fujifilm Holdings Corp., Koning Corp., Neusoft Medical Systems Co. Ltd., CareStream Health, Planmeca Group, Shimadzu Corp., Hitachi Healthcare Systems, Koninklijke Philips N.V., Canon Medical Systems, and Stryker Corp.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, The National Cancer Institute has given John M. Boone, a medical physicist and professor of radiology at UC Davis, a grant of US$2.88 million to advance the study of computed tomography for the detection of breast cancer. The government is attempting to enhance care and boost survival for women with the disease by improving breast cancer screening performance in a realistic and cost-effective manner. Most importantly, the government also wants to reduce overtreatment of women with benign findings.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including type, application, and end user from 2023 to 2033.

Report Scope:

Segmentation: Dual and Multi Energy Computed Tomography Market Report 2022 – 2033

Type (Revenue, USD Million), 2022 – 2033

• Retrospective
• Prospective

Application (Revenue, USD Million), 2022 – 2033

• Vascular
• Neurology
• Cardiology
• Musculoskeletal
• Oncology
• Others

End user (Revenue, USD Million), 2022 – 2033

• Diagnostic Imaging Centers
• Hospitals
• Ambulatory Imaging Centers

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA