The computed tomography (CT) market in the Asia-Pacific (APAC) region is forecasted to grow at a compound annual growth rate (CAGR) of more than 3 per cent in market value from 2023 to 2033. Within this market, 64-slice CT systems are expected to drive the largest share of growth, with a projected CAGR exceeding 4 per cent over the same period, says GlobalData, a leading data and analytics company.
GlobalData’s report, “Computed Tomography (CT) Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033,” reveals that APAC’s government-driven price management and reimbursement policies, coupled with healthcare budget increases, are expected to drive significant growth in the CT systems market, particularly in China, due to aging populations and rising chronic disease prevalence.
The key drivers of the market growth include technological advancements, a rising geriatric population, and an increase in chronic diseases. The affordability and safety of non-invasive CT scans, compared to invasive procedures, will further contribute to the widespread adoption of CT imaging. These systems play a significant role in managing cardiovascular, circulatory, and inflammatory diseases and are becoming central to image-guided interventions.
Thomas Fleming, Medical Analyst at GlobalData, states, “The APAC region presents opportunities and challenges for the CT market. Trends regarding the government-driven price management and reimbursement policies are bolstering demand. Several countries in the region are experiencing a rise in diagnostic centers and hospitals, contributing to the market’s growth. However, disparities in healthcare infrastructure and economic stability across nations can hinder the progress. High costs associated with the CT system development and regulatory complexities remain barriers.”
Despite these challenges, manufacturers are focusing on creating faster, more precise CT systems to meet the growing demand.
Fleming concludes, “The push for cost-effective and high-resolution imaging solutions continues to drive adoption. The APAC region, characterised by its increasing prevalence of chronic diseases and commitment to improving healthcare systems in some parts of the region, is expected to remain a key growth area for CT technology in the coming years.”