CT Scan Market in APAC Set for Steady Growth Through 2033: Insights
Click to start listening
New Delhi, Dec 9 (NationPress) The computed tomography (CT) market within the Asia-Pacific (APAC) area is anticipated to witness a compound annual growth rate (CAGR) greater than 3 percent in market value from 2023 to 2033, as indicated by a report released on Monday.
The findings from GlobalData, a prominent data and analytics firm, highlight that the 64-slice CT systems are expected to account for the largest segment of growth, with a projected CAGR surpassing 4 percent over the same timeframe.
These advanced systems are crucial in the management of cardiovascular, circulatory, and inflammatory diseases, and are becoming essential for image-guided interventions.
The analysis also points out that price management and reimbursement policies implemented by governments in the APAC region, along with increases in healthcare budgets, are likely to significantly boost the CT systems market.
Additional key factors propelling growth include technological innovations, an increasing geriatric population, and a rise in chronic health conditions.
As compared to invasive methods, the rising accessibility and safety of non-invasive CT scans will further facilitate the widespread use of CT imaging.
“The APAC region offers both opportunities and obstacles for the CT market. Trends in government-driven price management and reimbursement policies are enhancing demand. Many countries in this region are witnessing a growth in diagnostic centers and hospitals, which is aiding market expansion,” commented Thomas Fleming, Medical Analyst at GlobalData.
“Nevertheless, disparities in healthcare infrastructure and economic stability across different nations may pose challenges. The high costs associated with CT system development and regulatory complexities continue to be barriers,” Fleming explained.
Despite these hurdles, manufacturers are concentrating on developing faster and more accurate CT systems to fulfill the increasing demand.
Fleming noted that the growing emphasis on cost-effective and high-resolution imaging solutions is driving further adoption.
“The APAC region, marked by a rising incidence of chronic diseases and a commitment to enhancing healthcare systems in various areas, is expected to remain a pivotal growth area for CT technology in the upcoming years,” he added.
