Global Computed Tomography Market to Rise at 4.5% CAGR from 2011 to 2017 due to Rising Aging Population

The 3D printing industry has grown exponentially after the technology’s disruptive potential became known. With several avenues now making it possible to 3D print parts and components easily, the scope for this industry has only widened. However, like most other great technologies, 3D printing too relies on the use of ancillary technologies to attain enhanced efficiency. In the context of additive manufacturing, computed tomography (CT) fills this void perfectly. CT scans have already made a mark in the healthcare sector and now, the technology is about the help the additive manufacturing industry reach new heights.

On the global level, the demand for CT scanning has witnessed a dramatic increase, leading to the creation of a billion-dollar market. As the technology proves itself useful in new and emerging areas, its market will only grow further. According to a study by Transparency Market Research, the global computed tomography (CT) market is expected to stand at US$5.6 bn by 2017, rising in value from US$4.3 bn in 2011. At a CAGR of 4.5% between 2011 and 2017, the market is projected to expand robustly across the world.

From NASA to the Commercial Market – A Momentous Journey for CT-validated 3D-printed Parts

It’s not entirely unknown that NASA has been an early proponent of 3D printing with engineers at the space agency using additive manufacturing to cut down costs of designing spacecraft parts. But what’s probably not as widely known is that the space agency relied heavily on the use of computed tomography (CT) to validate the precision and strength of these 3D-printed parts.

By turning to the use of CT scanning, engineers at NASA were able to gain a better look at the internal characteristics of 3D-printed parts. These renditions were available to them in full 3D, giving them confidence to deploy 3D-printed parts in mission critical applications. Combined with other conventional tests, CT scanning can ensure the production of failsafe components – a realization that’s motivating many industrial facilities to use this successful combination.

The Many Advantages of Using CT Scanning to Validate 3D Parts

The use of CT scanning presents a bevy of benefits to manufacturing processes, especially since it is a non-destructive inspection method. Non-destructive and non-invasive testing is much sought after in building structures, pressure vessels, transportation, piping, and hoisting equipment.

In the 3D printing industry, the use of computed tomography scanning is helping manufacturers save considerable time and money by spotting errors early on in the design and manufacturing phases.

Get PDF Brochure for more Professional and Technical industry insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=227

Here are five benefits of using computed tomography scanning for 3D printed parts:

• Voids or inclusions present inside a 3D-printed part can be instantly detected
• A comparison between the ready component and the CAD model can help spot incongruities
• Comparison between two parts from the same or different manufacturing batches helps in maintaining consistent output quality
• Checking the thickness of walls using CT scanning, especially in products such as autoclaves, can help engineers detect weak spots
• Where an existing 3D manufactured component is available, it can be reverse engineered into a CAD file using CT scanning

Keeping these factors in view, engineers are increasingly looking at computed tomography as an able ally of 3D printing.

Computed Tomography Market To See Good Times Ahead

Transparency Market Research has published a new market study on the global computed tomography (CT) market that delves into developments in the said market from 2011 to 2017. According to the report’s findings, the market will display a CAGR of 4.5% between 2011 and 2017, resulting in the market’s valuation increasing from US$4.3 bn in 2011 to US$5.6 bn by 2017. The report is titled “Computed Tomography (CT) Market: Global Industry Analysis, Size, Share & Forecast (2010 - 2017)” and is available for sale on the company’s website.

The report looks into developments in the market from the perspectives of market indicators, the latest trends, growth opportunities, and competitive hierarchy across North America, Asia Pacific, Europe, and Rest of the World for the 2011-2017 period. The report is prepared using standard research methodologies and validated analytical tools such as Porter’s five forces analysis and SWOT analysis to ascertain an accurate trajectory of the market’s growth during the forecast period.

Computed tomography is a diagnostic imaging tool that produces detailed pictures of internal organs, soft tissues, bones, and blood vessels. It uses special X-ray equipment to create cross-sectional images of distinct areas of scanned objects, which can be reformatted in two-dimensional or even three-dimensional planes.

The report cites several reasons for the growth of the global CT market. An increasing pool of the ageing population and an increasing patient pool with chronic diseases are the foremost reasons for growth of the CT market. In particular, Asia Pacific is exhibiting a rise in its geriatric population, thereby displaying an increasing demand for modern diagnostics.

The report segments the global CT market on the basis of two criteria, namely product type and region. According to product type, the segments of this market are low-end slice CT, high-end slice CT, and mid-end slice CT. Amongst all, high-end slice CT is expected to gather a major chunk of the revenue, estimated at about 55.9% by the end of 2017. In absolute numbers, this equals US$3.1 bn.

Geographically, North America is currently the leading market for CT. The region being traditionally technologically advanced and home to a significant health-conscious aging population are the reasons for this. However, during the forecast period, Asia Pacific is expected to exhibit the fastest growth in comparison to other regional markets for computed tomography. This is due to the rising awareness among individuals about modern diagnostics, improved financial state, and the emergence of modern healthcare facilities in this region.

Get a Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=227

In other developing regions, increasing disposable incomes and increasing awareness about the importance of timely diagnosis of chronic diseases are the major factors driving the computed tomography market. These factors are further augmented by the declining cost of equipment and increasing accuracy due to consistent technological advancements in the CT industry.

The report mentions and profiles top players in the global computed tomography market, which are GE, Toshiba, Siemens, and Phillips. These companies have been profiled for attributes of product portfolio and specification, financial standing, business positioning, and SWOTs.