Global Micro Computed Tomography (Micro CT) Market Size Booming at CAGR of 8.86% to Reach USD 410.16 Million by 2030
Global Micro Computed Tomography (Micro CT) Market is flourishing because of rapid adoption of technological advancements and a growing focus on the management of rising healthcare expenditure.
Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the Global Micro Computed Tomography (Micro CT) Market size at USD 275.39 million in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Global Micro Computed Tomography (Micro CT) Market size to expand at a CAGR of 8.86% reaching a value of USD 410.16 million by 2030. The growing use of highly advanced medical equipment, growing investments in the healthcare industry, and an increasing need for 3D rendering systems in the healthcare sector are the main driving factors for the Global Micro Computed Tomography (Micro CT) Market.
Opportunity: Increasing Demand for Micro CT from the Life Sciences Industry
Micro-computed tomography (micro CT) is applied in various medical segments, including life sciences, orthopedics, dentistry, agri-bio, material science, and geology/oil and gas geology. The life sciences segment holds the largest share in the Global Micro Computed Tomography (Micro CT) Market. Micro CT assists in the intensive study of various life sciences applications, including oncology, soft tissues, cardiovascular studies, neurosciences, and others, and generates valuable insights to garner a better understanding of organisms. Significant expansion in the life science industry and the development of efficient research methodologies are anticipated to provide lucrative growth opportunities to the Global Micro Computed Tomography (Micro CT) Market during the forecast period.
Impact of Escalating Geopolitical Tensions on Global Micro Computed Tomography (Micro CT) Market
The escalating geopolitical tensions are negatively impacting the growth of the Global Micro Computed Tomography (Micro CT) Market. Conflicts, such as Russia's invasion of Ukraine, disrupt the operations of the various segments of the healthcare sector, including studies and research. Ukraine, for instance, has been a leading destination for medical research and clinical trials because of its organized and digitized healthcare system. However, Russia's attack on the country interrupted the medical research projects by damaging research institutes and causing the migration of researchers to safer regions, which directly affected the Micro Computed Tomography (Micro CT) Market as well.
Global Micro Computed Tomography (Micro CT) Market
Segmental Coverage
Global Micro Computed Tomography (Micro CT) Market - By End User
Based on the end user, the Global Micro Computed Tomography (Micro CT) Market is segmented into industries, research institutes, diagnostic imaging labs, dental laboratories, and others. The research institutes segment accounts for the highest market share. Micro CT is a one-of-a-kind technology that allows the generation of high-resolution 3D imaging information. It preserves the samples or specimens for use in further research by allowing the internal structure of both material and biological samples to be studied without the need to cut the samples.
Global Micro Computed Tomography (Micro CT) Market - By Region
The in-depth research report on the Global Micro Computed Tomography (Micro CT) Market covers a number of country-specific markets across five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. North America dominates the Global Micro Computed Tomography (Micro CT) Market owing to the significant presence of major medical device manufacturers in the region. The concentration of manufacturers allows a region to access advanced medical devices as well as significantly investing in research and development activities, which drives the growth of the Micro Computed Tomography (Micro CT) Market.
Competitive Landscape
Major players operating in the Global Micro Computed Tomography (Micro CT) Market include Bruker Corporation, PerkinElmer, Thermo Fisher Scientific, Carl Zeiss AG, NeoScan, Sanying Precision Instruments Co. Ltd, North Star Imaging Inc., SCANCO Medical AG, TESCAN, Rigaku Corporation, Nikon Corporation, TriFoil Imaging, and Mediso Ltd.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Micro Computed Tomography (Micro CT) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Micro Computed Tomography (Micro CT) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
