A new Sydney-based nonprofit volunteer organization called RapidWard launched this week, with a focus on getting critical medical supplies from producers in China to healthcare professionals, doctors, hospitals and governments worldwide who need them. The group, founded by serial entrepreneur and advisor Milton Zhou, has ample supply chain experience and …
A new Sydney-based non-profit volunteer organization called RapidWard launches this week, with a focus on getting critical medical supplies from producers in China to healthcare professionals, doctors, hospitals and governments worldwide who need them. The group, founded by serial entrepreneur and advisor Milton Zhou, has ample supply chain experience and …
The computed tomography (CT) systems market in the
Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate
(CAGR) of 15.7% from US$2.1bn in 2019 to US$7.7bn by 2028, according to
GlobalData, a leading data and analytics company.
India will be by far the fastest growing country in
the region growing at a CAGR of 26.3% between 2019 and 2028, which is more than
double the average growth for the next three fastest growing markets; Taiwan,
New Zealand and Australia, respectively.
The company’s report, ‘Computer Tomography (CT) Systems – Diagnostic Imaging Market Analysis and Forecast Model’ states that while the increase in the incidence of chronic diseases will be the main market driver, the use of image-guided interventions and inclination towards non-invasive disease diagnosis will propel the market during the forecast period.
Manasa, Medical Devices Analyst at GlobalData,
comments: “Siemens Healthineers AG has remained as the market leader in APAC attributing
to its innovation of advanced technologies and by increased geographic
penetration in 2019. GE Healthcare LLC and Canon Medical Systems Corporation
have established themselves as strong competitors in this space.”
In the APAC region, 64-slice CT systems are the major
revenue contributors within CT systems, with the market growing at a CAGR of
16.5% between 2019 and 2028, followed by 256-320 slice CT systems.
Manasa concludes: “The technological advancements in
the medical field will have a positive impact on the growth of CT systems market.
The advent of CT systems with higher imaging slices using a lower dose of
radiation will help physicians make more accurate clinical decisions while
increasing patient safety and will further drive the market forward.”