The report "Micro Computed Tomography Market by product (in vivo, ex vivo imaging), application (life sciences, orthopedics, dentistry, agribio, material science), end user (industries, researchers, imaging centers, dental labs) - global forecasts to 2027", is projected to reach USD 356.9 million by 2027 from USD 208.9 million in 2022, at a CAGR of 9% during the forecast period
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Factors such as increasing incidence of a host of diseases, rising demand for technologically advanced systems for various application areas, increasing expenditure on R&D activities to develop more advanced techniques, and ongoing collaboration & partnership to improve product development are expected to support the growth of the market.
Based on product type, the in vivo segment accounted for the largest share of the micro-computed tomography market in 2021.
The micro-computed tomography market is segmented by product type into in vivo and ex vivo. In 2021, the in vivo segment accounted for the micro-computed tomography market's most significant share. The key factors driving the growth of this market include the growing usage of in vivo micro-CT imaging in the healthcare segment and the growing demand for technologically advanced products with benefits such as reduced turnaround time for results and faster performance with continuous improvement in resolutions.
North America to command the largest share of the micro-computed tomography market in 2021
Based on region, the micro-computed tomography market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest micro-computed tomography market in 2021. The growth of the North American market is primarily driven by the presence of various established players in the region with an increased number of product development and product launches, increased research funding in the area, and high healthcare expenditure in the U.S. to support research and development in the U.S.
Prominent players in the micro-computed tomography market include Bruker Corporation (U.S.), PerkinElmer (U.S.), Thermo Fisher Scientific (U.S.), Carl Zeiss AG (Germany), NeoScan (Belgium), Sanying Precision Instruments Co. Ltd (China), North Star Imaging Inc. (U.S.), SCANCO Medical AG (Switzerland), TESCAN (Czech Republic), Rigaku Corporation (Japan), Baker Hughes Company (U.S.), Ray Co. Ltd (South Korea), R.X. Solutions (U.S.), MILabs B.V. (Netherlands), K.A. Imaging (Canada), ProCon X-Ray GmbH (Germany), WENZEL Metrology GmbH (Germany), YXLON International GmbH (Germany), Shimadzu Corporation (Japan), among others.
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