The global Computed Tomography Market is estimated to be valued at US$ 7,101.7 Mn in 2021 and is expected to exhibit a CAGR of 6.1% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:
Computed Tomography (CT) is a non-invasive medical imaging technology that uses x-ray equipment and computer algorithms to create cross-sectional images of the body. CT scans are widely used in various medical fields, including oncology, cardiology, neurology, and orthopedics, among others. CT scans provide detailed information about the internal structures of the body, helping healthcare professionals in accurate diagnosis and effective treatment planning. The increasing prevalence of chronic diseases such as cardiovascular diseases, cancer, and neurological disorders is driving the demand for CT scans. CT scans aid in early detection, staging, and monitoring the progression of diseases, thereby improving patient outcomes.

B) Market Key Trends:
One key trend observed in the Computed Tomography market is the growing adoption of advanced CT technologies. Technological advancements have led to the development of advanced CT systems with improved image quality, reduced radiation dose, and faster scan times. For instance, Siemens Healthineers' SOMATOM go.All CT scanner offers high image quality with reduced radiation doses and faster acquisition times, making it more patient-friendly. The growing preference for these advanced CT systems among healthcare professionals is driving their adoption in hospitals and diagnostic centers globally.

C) PEST Analysis:
- Political: Regulatory policies and government initiatives play a crucial role in the adoption of CT scanners. Stringent regulatory requirements for the safety and efficacy of medical devices impact the market growth.
- Economic: The growing healthcare expenditure, increasing insurance coverage, and rising disposable income in emerging economies are driving the market growth.
- Social: The aging population and the increasing awareness about preventive healthcare are factors contributing to the market growth.
- Technological: Technological advancements, such as the development of high-end CT scanners with improved image quality and reduced radiation doses, are driving the market growth.

D) Key Takeaways:
- The global Computed Tomography Market Insights is expected to witness high growth, exhibiting a CAGR of 6.1% over the forecast period, due to increasing incidence of chronic diseases. For example, the World Health Organization (WHO) reported that cancer is the second leading cause of death globally, accounting for 9.6 million deaths in 2018.
- North America is expected to dominate the Computed Tomography market during the forecast period. The presence of well-established healthcare infrastructure, high adoption of advanced medical technologies, and increasing healthcare expenditure are factors contributing to the regional market growth.
- Key players operating in the global Computed Tomography Market include United Medical Imaging Inc., Siemens Healthineers, Canon Medical Systems Corporations, GE Healthcare, Hitachi Healthcare Americas, Koninklijke Philips N.V., NeuroLogica Corporation, Neusoft Medical Systems Co. Ltd., Shenzhen Anke High-Tech Co. Ltd., Eaton, Hologic, Arineta, Analogic, Samsung, Carestream Health, and Toshiba.

In conclusion, the global Computed Tomography market is projected to witness significant growth in the coming years due to the increasing prevalence of chronic diseases and the adoption of advanced CT technologies. The market offers lucrative opportunities for key players operating in this space to expand their market presence and cater to the growing demand for CT scans across various medical fields.