The global CT market could reach $5.1 billion in 2012, with a five-year compounded annual growth rate of 6.7%, according to a new report from market research firm BCC Research.
The study valued the worldwide market for CT scanners at $3.4 billion in 2011 and predicted the market could reach approximately $3.7 billion in sales this year.
BCC Research estimated the U.S. CT scanner market at $795 million for 2012 and forecast a five-year 2.1% compounded annual growth rate, which would advance the market to $880 million by 2017.
The report also considers the potential effect of reimbursement reductions and a declining overall economy, which could adversely affect sales.
