Micro Computed Tomography Market
Micro Computed Tomography Market Forecasts to 2030 - Global Analysis By Product (In-Vivo and In-Vitro), Component, Application, End User and By Geography
According to Stratistics MRC, the Global Micro Computed Tomography Market is accounted for $231.8 million in 2023 and is expected to reach $481.4 million by 2030 growing at a CAGR of 11.0% during the forecast period. Micro Computed Tomography (micro-CT) is a powerful 3D imaging technique that uses X-rays to generate detailed cross-sectional images of small objects. Micro-CT provides valuable insights into the internal structures of samples, aiding in research, quality control, and diagnostics. Its versatility makes it indispensable for studying materials, biological samples, and artifacts, contributing to advancements in science, medicine, and various industries.
According to Tescan, UniTOM HR is ideal for both industrial and academic researchers who want micro-CT imaging to examine a sample's internal structure as well as a deeper knowledge of the sample's behavior under various environmental circumstances.
Market Dynamics:
Driver:
Continuous advancements in Micro-CT technology
Ongoing innovations, including improved spatial resolution, faster imaging capabilities, and enhanced image quality, have expanded the application scope across industries. The market has experienced heightened demand as researchers and industries leverage the latest technological features for precise materials analysis, preclinical research, and non-destructive testing. Thus, the evolution of Micro-CT technology has not only addressed existing challenges but has also sparked new possibilities, fostering a dynamic landscape that attracts investments and promotes its integration as a vital imaging tool in various scientific and industrial domains.
Restraint:
Competition from alternative imaging technologies
Depending on specific requirements, users may opt for alternative modalities, potentially hindering Micro-CT adoption. Each imaging technology has its strengths and limitations, and the perceived advantages of alternatives may divert attention from Micro-CT. This competition may slow market growth, particularly in applications where alternative technologies offer advantages, affecting Micro-CT's market share and positioning impeding the market.
Opportunity:
Growing awareness of 3D imaging
As industries and research sectors recognize the advantages of detailed, high-resolution 3D visualization for accurate analysis of internal structures, the demand for Micro-CT has surged. Its widespread adoption in materials science, preclinical research, healthcare, and industrial applications reflects the pivotal role it plays in providing comprehensive insights. The heightened awareness has stimulated technological advancements and increased research funding, positioning Micro-CT as a key player in non-invasive imaging solutions across diverse fields.
Threat:
Limited field of view and sample size
Researchers and industries requiring comprehensive imaging of sizable samples may opt for alternative technologies, limiting Micro-CT adoption. The challenge of accommodating diverse sample sizes reduces the versatility of Micro-CT, affecting its competitiveness against imaging solutions capable of handling broader ranges of specimen dimensions hampering the market growth.
Covid-19 Impact
Disruptions in supply chains, project delays, and budget constraints have led to a slowdown in equipment purchases. With laboratories facing closures and prioritizing essential research, demand for non-urgent applications, like certain preclinical studies or materials research, has decreased. Travel restrictions also hindered on-site installations and maintenance. Economic uncertainties and reduced research funding further contributed to a challenging environment.
The geological studies segment is expected to be the largest during the forecast period
The geological studies segment is estimated to have a lucrative growth, due to driving demand for non-destructive imaging in analyzing rock and mineral structures. Micro-CT technology plays a crucial role in geological research, providing detailed 3D images for studying subsurface features, porosity, and composition. This application aids geoscientists in understanding geological formations, reservoir characterization, and environmental assessments boost the market growth.
The diagnostic imaging labs segment is expected to have the highest CAGR during the forecast period
The diagnostic imaging labs segment is anticipated to witness the highest CAGR growth during the forecast period, due to increasing demand for advanced imaging technologies. These labs leverage Micro-CT for precise and non-invasive imaging in fields such as medicine, dentistry, and preclinical research. The technology's ability to provide high-resolution 3D images contributes to diagnostic accuracy and research advancements, fostering growth in the market.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to increasing research activities, industrialization, and technological advancements. Countries like China, Japan, and South Korea are key contributors, driven by expanding applications in materials science, biomedical research, and industrial inspection. Overall, the Asia Pacific market is poised for continued development, fueled by a diverse range of applications across scientific disciplines and industries.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to strong investments in R&D, especially in the United States and Canada, support innovation and technological advancements in Micro-CT systems. Industries, including aerospace and automotive, leverage Micro-CT for quality control and materials analysis. Despite challenges, the North America Micro-CT market is positioned for continued expansion, driven by a diverse range of applications.
Key players in the market
Some of the key players in the Micro Computed Tomography Market include Baker Hughes Company, BehinNegareh, Bruker Corporation, Carl Zeiss AG, K.A. Imaging, MILabs B.V., NeoScan , North Star Imaging Inc., PerkinElmer, ProCon X-Ray GmbH, R.X. Solutions, Ray Co., Ltd, Rigaku Corporation,Sanying Precision Instruments Co. Ltd, SCANCO Medical AG, Shimadzu Corporation, TESCAN, Thermo Fisher Scientific , WENZEL Metrology GmbH and YXLON International GmbH
Key Developments:
In January 2024, Biognosys Expands US Footprint with New Proteomics CRO Facility in Massachusetts, The Massachusetts facility will initially focus on TrueDiscovery® data-independent acquisition (DIA) discovery proteomics services that offer biopharma researchers
In December 2023, Baker Hughes an energy technology company announced a 20-year framework agreement with Chevron Australia Pty Ltd. Baker Hughes will offer its innovative Aptara Subsea production systems for Chevron Australia’s future offshore developments.
In November 2023, Energy technology company Baker Hughes announced the launch of its new PythonPipe™ portfolio, the latest in reinforced thermoplastic pipe (RTP) technology that enables faster installation, reduced time to first production and lower lifecycle emissions.
Products Covered:
• In-Vivo
• In-Vitro
Components Covered:
• Detector
• X-ray Source
• Image Reconstruction Software
• Control & Analysis Software
• Collimators & Filters
• Accessories & Consumables
• Other Components
Applications Covered:
• Food Studies
• Geological Studies
• Medical Devices
• Cancer Studies
• Electronics
• Other Applications
End Users Covered:
• Diagnostic Imaging Labs
• Dental Laboratories
• Research Institutes
• Industries
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Micro Computed Tomography Market, By Product 5.1 Introduction
5.2 In-Vivo
5.3 In-Vitro
6 Global Micro Computed Tomography Market, By Component
6.1 Introduction
6.2 Detector
6.3 X-ray Source
6.4 Image Reconstruction Software
6.5 Control & Analysis Software
6.6 Collimators & Filters
6.7 Accessories & Consumables
6.8 Other Components
7 Global Micro Computed Tomography Market, By Application
7.1 Introduction
7.2 Food Studies
7.3 Geological Studies
7.4 Medical Devices
7.5 Cancer Studies
7.6 Advanced Materials
7.7 Electronics
7.8 Orthopedics
7.9 Other Applications
8 Global Micro Computed Tomography Market, By End User
8.1 Introduction
8.2 Diagnostic Imaging Labs
8.3 Dental Laboratories
8.4 Research Institutes
8.5 Industries
8.6 Other End Users
9 Global Micro Computed Tomography Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Baker Hughes Company
11.2 BehinNegareh
11.3 Bruker Corporation
11.4 Carl Zeiss AG
11.5 K.A. Imaging
11.6 MILabs B.V.
11.7 NeoScan
11.8 North Star Imaging Inc.
11.9 PerkinElmer
11.10 ProCon X-Ray GmbH
11.11 R.X. Solutions
11.12 Ray Co., Ltd
11.13 Rigaku Corporation
11.14 Sanying Precision Instruments Co. Ltd
11.15 SCANCO Medical AG
11.16 Shimadzu Corporation
11.17 TESCAN
11.18 Thermo Fisher Scientific
11.19 WENZEL Metrology GmbH
11.20 YXLON International GmbH
List of Tables
1 Global Micro Computed Tomography Market Outlook, By Region (2021-2030) ($MN)
2 Global Micro Computed Tomography Market Outlook, By Product (2021-2030) ($MN)
3 Global Micro Computed Tomography Market Outlook, By In-Vivo (2021-2030) ($MN)
4 Global Micro Computed Tomography Market Outlook, By In-Vitro (2021-2030) ($MN)
5 Global Micro Computed Tomography Market Outlook, By Component (2021-2030) ($MN)
6 Global Micro Computed Tomography Market Outlook, By Detector (2021-2030) ($MN)
7 Global Micro Computed Tomography Market Outlook, By X-ray Source (2021-2030) ($MN)
8 Global Micro Computed Tomography Market Outlook, By Image Reconstruction Software (2021-2030) ($MN)
9 Global Micro Computed Tomography Market Outlook, By Control & Analysis Software (2021-2030) ($MN)
10 Global Micro Computed Tomography Market Outlook, By Collimators & Filters (2021-2030) ($MN)
11 Global Micro Computed Tomography Market Outlook, By Accessories & Consumables (2021-2030) ($MN)
12 Global Micro Computed Tomography Market Outlook, By Other Components (2021-2030) ($MN)
13 Global Micro Computed Tomography Market Outlook, By Application (2021-2030) ($MN)
14 Global Micro Computed Tomography Market Outlook, By Food Studies (2021-2030) ($MN)
15 Global Micro Computed Tomography Market Outlook, By Geological Studies (2021-2030) ($MN)
16 Global Micro Computed Tomography Market Outlook, By Medical Devices (2021-2030) ($MN)
17 Global Micro Computed Tomography Market Outlook, By Cancer Studies (2021-2030) ($MN)
18 Global Micro Computed Tomography Market Outlook, By Advanced Materials (2021-2030) ($MN)
19 Global Micro Computed Tomography Market Outlook, By Electronics (2021-2030) ($MN)
20 Global Micro Computed Tomography Market Outlook, By Orthopedics (2021-2030) ($MN)
21 Global Micro Computed Tomography Market Outlook, By Other Applications (2021-2030) ($MN)
22 Global Micro Computed Tomography Market Outlook, By End User (2021-2030) ($MN)
23 Global Micro Computed Tomography Market Outlook, By Diagnostic Imaging Labs (2021-2030) ($MN)
24 Global Micro Computed Tomography Market Outlook, By Dental Laboratories (2021-2030) ($MN)
25 Global Micro Computed Tomography Market Outlook, By Research Institutes (2021-2030) ($MN)
26 Global Micro Computed Tomography Market Outlook, By Industries (2021-2030) ($MN)
27 Global Micro Computed Tomography Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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