Micro Computed Tomography Market

The global micro-computed tomography market 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. The growth in the micro-computed tomography market is majorly driven by the rising demand for technologically advanced 3D rendering systems, growing healthcare expenditure to develop more advanced techniques, and increasing use of micro-CT systems in preclinical testing and other research activities.

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However, technical failures associated with complex software and hardware malfunctioning and a lack of skilled healthcare professionals for performing the scanning are some factors expected to restrain market growth to a certain extent.

As of 2022, major players operating in the micro-computed tomography market are 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 9South Korea), R.X. Solutions (U.S.), MILabs B.V. (Netherlands), BehinNegareh (Iran), K.A. Imaging (Canada), ProCon X-Ray GmbH (Germany), WENZEL Metrology GmbH (Germany), YXLON International GmbH(Germany), Shimadzu Corporation (Japan), among others.

Research Methodology

The study involved four major activities in estimating the current size of the micro-computed tomography market. Exhaustive secondary research was conducted to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.

Secondary Research

The secondary sources referred to in this research study include corporate filings (such as annual reports, SEC filings, investor presentations, and financial statements); research journals; and press releases; trade, business, and professional associations. Secondary sources were used to identify and collect helpful information for this extensive and commercial micro-computed tomography market study. Secondary research was mainly used to obtain critical information about the industry’s total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, market trends, and necessary developments by both the public and private organizations in the micro-computed tomography market.

The secondary sources referred to for this research study include government, independent or public, paid/private, and research databases, among others. Secondary data was collected and analyzed to determine the micro-computed tomography market's overall market size, further validated by primary research. Some of the critical secondary sources referred to during the preparation of this report are listed below-

• Governmental and inter-governmental sources & databases such as World Health Organization (WHO), World Bank, Organisation for Economic Co-operation and Development (OECD), and Centers for Disease Control and Prevention (CDC), among others.
• Business and research articles such as Springer Nature, The Lancet, PubMed, and the U.S. National Library of Medicine, among others.
• Company sources include annual reports, SEC filings, regulatory filings, investor presentations, press releases, and financial statements.

Primary Research

Extensive primary research was conducted after acquiring knowledge about the micro-computed tomography market scenario through secondary research. A significant number of primary interviews were conducted from both the demand (healthcare providers, research and academic institutes, dental laboratories, and industries) and supply sides (manufacturers and distributors of micro-computed tomography products). The primaries interviewed for this study include experts from the imaging industry (such as CEOs, V.P.s, directors, sales heads, and marketing managers of tier 1, 2, and 3 companies engaged in offering micro-CT scanners across the globe) and administrators & purchase managers of research centers, medical and laboratories.

Around 65% and 35% of primary interviews were conducted from the supply and demand sides. A robust primary research methodology has been adopted to validate the report's contents and fill gaps. Telephonic and e-mail communications were adopted to conduct interviews (questionnaires were designed and sent to primary participants at their convenience).

The micro-computed tomography market comprises stakeholders such as medical laboratories, research centers and institutions, and material science industries. The demand side of this market is characterized by increasing applications of micro-CT in research and development activities, increasing use of these devices in preclinical testing to explore the effectiveness of drugs and vaccines, and growing to fund for research and development. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the micro-computed tomography market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets have been identified through extensive secondary research
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research
• All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the micro-computed tomography market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the micro-computed tomography industry's demand and supply sides.

Report Objectives

• To define, describe, and forecast the micro-computed tomography market by product type, application, end-user, and region
• To provide detailed information about significant factors influencing the market growth (key drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze micromarkets1 concerning individual growth trends, prospects, and their contributions to the overall micro-computed tomography market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the market value of various segments and sub-segments concerning five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
• To profile the key players active in the micro-computed tomography market and comprehensively analyze their global revenue shares and core competencies2
• To track and analyze competitive market-specific developments such as product approvals & commercialization, agreements, partnerships, collaborations, acquisitions, and expansions in the micro-computed tomography market

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Scope of the Report

This research report categorizes the micro-computed tomography market based on product type, application, end-user, and region

By Product Type

• In Vivo
• Ex Vivo

By Application

• Life Sciences
• Orthopedics
• Dentistry
• Agribio
• Material Science
• Geology/Oil and Gas Geology

By End User

• Industries
• Research Institutes
• Diagnostic imaging labs
• Dental Laboratories
• Other End Users

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • RoE
• Asia Pacific
  • Japan
  • China
  • India
  • RoAPAC
• Latin America
• The Middle East and Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the micro-computed tomography market report:

PRODUCT TYPE ANALYSIS

• Product Matrix, which gives a detailed comparison of the product portfolios of the five major global players

PRODUCT TYPE ANALYSIS

• Further breakdown of the Rest of Europe micro-computed tomography market into Russia, Portugal, Belgium, Denmark, Switzerland, and other European countries (aggregated)

COMPANY INFORMATION

• Detailed analysis and profiling of additional market players (up to 5 OEMs)

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