GLOBAL NEUROLOGY CT IMAGING MARKET SIZE (2023 - 2030)

The Neurology CT Imaging Market was evaluated at $4.9 billion in 2023, and it is projected to reach $ 7.69 billion by the end of 2030, with a CAGR of 5.8 % during the forecast period (2023 - 2030). The primary drivers projected to propel the market forward are the increase in awareness regarding the benefits of early diagnosis with CT imaging, and an overall increase in the neurological diseases and their consequences.

Industry Overview:

Imaging techniques have been popular for a long time now. They can be used to diagnose a patient of a particular disease, or confirm a doctor’s original prognosis. Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), Near Infrared Spectroscopy (NIRS) and more are used in neurology to observe scans of brain or the nervous system. Computed Tomography (CT) is an extremely popular technique for the same. Tomography comes from Greek work which refers to cuts or slices of something. Therefore, the CT imaging shows different body parts like tissues, organs and bones in a slice or a 2D picture. The 3D version or a loaf like picture can also be obtained. The Neurology CT imaging technique is used to obtain slice images of brain and its related tissues to observe for physical damage. Many mental disorders and diseases manifest into a physical way onto the brain. A CT scan help show the actual damage that is being done to the brain. They are also used in geriatric patients for age related mental disorders like the Parkinson’s disease or in patients who have observed brain injury from a force in a sports field or by an accident, etc. Therefore, it is widely popular and the new Helical CT imaging is used to observe clearer, more defined 3D images of the brain.

COVID-19 impact on the Neurology CT Imaging Market:

The COVID-19 pandemic was one of the most devastating calamities of our time as it resulted in loss of many lives. The virus causing the pandemic was observed to be very contagious and people who were infected with it were strictly advised to quarantine to prevent giving it to anyone else. The virus once infected a person, spread very quickly inside the body as well. If not tamed soon enough it could lead to damaging and infecting the other parts of the body along with the lungs which were affected first. The infection that was being spread in body could be monitored by the CT imaging machines. Therefore, the CT imaging market overall observed a rise in market share. The market for neurology CT imaging also saw a surge as the virus infected the brain in patients with severe cases and that could be managed through CT scans. It was also used as a precaution in many cases to ensure that the brain was not being affected and appropriate medication was working.

Market Drivers:

The increase in awareness regarding the benefits of early diagnosis with CT imaging is poised to drive the market growth for Neurology CT Imaging:

Any initial diagnosis of a disease can be done with the aid of blood and urine tests or general physician canalization. But some diseases cannot be outright confirmed without some form of invasive procedure. To prevent invasive procedures for solely diagnosis, CT scanners were built. They can easily show developments or unusual activities in the physical portion of the brain and nervous system which can aid a neurosurgeon to reach a thorough diagnosis. If the disease is detected in its early stages, more often than not, it can be easily prevented from escalation. Public awareness regarding this fact has increased a lot in the recent years. People are voluntarily opting for Neurology CT imaging because they understand that prevention can be possible. The brain and nervous system are also very sensitive so people are understandably more cautious and willing to take all steps necessary to regain health. Therefore, increased awareness in people regarding benefits of early diagnosis is helping the Neurology CT imaging market.

An overall increase in the neurological diseases and their consequences help to drive market growth:

The cases of neurological diseases and their consequences have increased in the recent years compared to what they used to be. The Neurological Alliance reported that 1 in every 6 people in UK suffered with some form of neurological diseases. Mental disorders have also been on a rise which several experts attribute to the constant exposure to devices, continuous stream of negative information, and several other factors. Concrete diagnosis of several of the neurological diseases requires the use of a CT scan. Therefore, the market for the neurology CT imaging has been on a rise and is estimated to continue to do so.

Market Restraints:

The Neurology CT Imaging Market's growth is being stifled by the high costs of the CT imaging devices, tests and, repair and maintenance:

The CT Imaging machines are very large machines where a patient can lie down and their required body part can be scanned. It is not possible to fit these machines in a smaller clinic or any desired room. These machines are extremely expensive and therefore many hospitals also don’t provide this facility. There are cases where the machine can malfunction and detect false positives in which case it needs to be repaired. The reparation and maintenance costs are also very high compared to regular testing machines. A single CT scan for a patient is expensive. Many people cannot afford it unless absolutely deemed necessary. Therefore because of its expenses, the Neurology CT imaging market is estimated to be restrained.

GLOBAL NEUROLOGY CT IMAGING  MARKET REPORT COVERAGE:

Market Segments:

This research report on the global Neurology CT Imaging Market has been segmented based on type, application, end users, and regions.

Neurology CT Imaging Market- By Type

• High-End Slice

•  Mid End Slice

•  Low-End Slice

• Cone Beam

The High-End Slice section is the most popular section and has been attributed the largest market share. The increase in preemptive diagnosis has aided in the growth of the segment. It is one of the most preferable options for the patients because it exposes them to less radiation, about 80% less than its counterpart’s mid-end slice and the low-end slice. The Cone Beam CT or CBCT segment is estimated to grow with the fastest CAGR. It helps in clearer 3D images and has the benefits of being cheaper and exposing patients to less radiations than the traditional CT scanners.

Neurology CT Imaging Market- By Application

• Parkinson’s Disease

• Traumatic Brain Injury

•  PTSD

•  Stroke

• Cognitive Diagnosis

•  Epilepsy

• Dementia

•  Sleep Disorders

•  Other Applications

Parkinson’s disease and cognitive diagnosis are estimated to be among the largest and fastest growing sectors. This can be attributes to the increase in geriatric population and increase in overall mental health related diseases.

Neurology CT Imaging Market- By End Users

• Hospitals

•  Diagnostics Centers

• Ambulatory Surgical Centers

Hospitals have the largest market share in the Neurology CT imaging market owing to about 1/3^rd of the total market share. This can be possible because most major hospitals can afford a CT machine and space to manage and maintain it. Diagnostic centers also have a major share in the market and are estimated to show a growth with the CAGR.

Neurology CT Imaging Market- By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

North America holds the largest market share, over 30% of the total market value. This can be attributed to the developed medical facilities and awareness in people. Asia-Pacific is estimated to grow at a great rate owing to the increase in investments in the healthcare sector and adoption of neurology CT imaging facilities.

Major Key Players in the Market

1. NeuroLogica Corp

2. Neusoft Corporation

3. Koning Corporation

4. Shenzhen Anke High-Tech Co

5. Koninklijke Philips N.V. 

6. GE Healthcare

7. Siemens Healthineers AG

8. Canon Medical Systems

9. FUJIFILM Corporation

10. Ricoh USA

11. Market Insights and Developments

• In September 2021, FDA approved the newest technology of photon counting CT or PCCT. It is estimated to be a major advancement as it will perform better tasks and emit very less radiation.

• In June 2021, researchers from USC successfully enabled a well-developed functional Photoacoustic Computerized Tomography or fPACT.  A laser beam can be emitted into the area being scanned and this obtains images of the region through ultrasonic vibrations.