US Computed Tomography (CT) Systems Market to Grow at a Modest Pace
US Computed Tomography (CT) Systems Market: Strategic Analysis and Opportunity Assessment to 2015 report is an essential source of data and analysis on the US CT market with complete coverage by categories. The report provides market landscape, competitive landscape and market trends information on two market categories – single slice CT and multi slice CT. The report identifies the key trends shaping and driving the dynamism in the US CT market. The report also provides insight on the prevalent competitive landscape and on the emerging players which are expected to bring significant shift in the market standing of the existing leaders. The report also provides valuable insight on the pipeline products within the US CT market. ( http://www.bharatbook.com/detail.asp?id=129850&rt=US-Computed-Tomography-CTSystems-Market-Strategic-Analysis-and-Opportunity-Assessment-to-2015.html )
The US Computed Tomography (CT) Systems Market to Grow at a Modest Pace
The US Computed Tomography (CT) systems market was valued at $1.2 billion in 2008 and is forecast to grow by 2.5% annually for the next seven years to reach $1.4 billion by 2015. The growth will primarily be driven by increasing utilization of CT systems in the diagnosis of many more disease indications, advances in technology and the use of CT in cardiovascular diagnosis. Hospital adoption and affordability, reduced radiation dosage and expansion of CT diagnostic capabilities to more clinical areas such as cardiac imaging will be the key factors influencing and driving the acceptance of the technology.
Multi Slice CT Systems is the Key Segment Driving Growth in the US CT Systems Market
Multi Slice CT systems are the key market segment driving growth within the US CT systems market. This segment accounted for 95% of the overall CT systems market in 2008 and is forecast to reach $1.4 billion in 2015 with a CAGR of 3.2%. The growth in this segment is primarily driven by the multiple image capturing capability, faster scanning times and increased use in non invasive diagnosis of cardiovascular diseases.
Cardiac Imaging to Present Next Growth Opportunity for CT systems
The increasing use of CT scans for diagnosis of cardiovascular diseases is expected to drive the future market. The latest CT systems have the ability to scan large volumes in extremely short times with scanning rates faster than heart beat. Although cardiac imaging accounts for only about 4% of all CT procedures performed in the US, a significant increase is expected due to advances in multi-slice CT technology. This can be attributed to radiologists being able to capture coronary CT angiographs which were formerly produced by cardiologists using catheter-based angiography.
Reimbursement Cuts to have Negative Effect on Market Growth
Reimbursement cuts for diagnostic imaging tests such as CT scans are expected to have a negative effect on new equipment purchases. In 2009, the US Medicare Payment Advisory Commission proposed a 44% cut in the physician fee schedule for CT scans. This is expected to lead to reduced interest from hospitals and independent diagnostic centers as reimbursement cuts will reduce their profits.
The US CT Systems Market is Highly Competitive with the Top Four Companies Accounting for a 90% Share
Reimbursement cuts for diagnostic imaging tests such as CT scans are expected to have a negative effect on new equipment purchases. In 2009, the US Medicare Payment Advisory Commission proposed a 44% cut in the physician fee schedule for CT scans. This is expected to lead to reduced interest from hospitals and independent diagnostic centers as reimbursement cuts will reduce their profits.
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