Computed Tomography (CT) Market Identifies the Key Drivers of Growth, Trend and Challenges of the Key Industry Players
The computed tomography market was valued at $4,894.3 million in 2015, and it is expected to grow at a CAGR of 5.0% during 2016-2022. The market is growing at a significant rate, due to growing geriatric population, increasing prevalence of chronic diseases such as cancer, lung diseases and rheumatoid arthritis, increasing incidence of injuries, increasing awareness about early diagnosis, and increasing healthcare expenditure. In addition, the improving healthcare infrastructure in developing countries, such as China and India, and technological advancement in CT are also driving the growth of the global market. The restraints associated with the growth of the computed tomography market include stringent regulations for the approval of CT devices, and side effects of ionization radiation.
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