APAC computed tomography market to grow at over 3% CAGR until 2033
64-slice CT systems are expected to drive the largest market share growth.
The Asia-Pacific (APAC) computed tomography (CT) market is projected to grow at a compound annual growth rate (CAGR) of more than 3% through 2033, said GlobalData.
64-slice CT systems are expected to drive the largest market share growth, with a forecasted CAGR exceeding 4% over the same period.
The sector’s expansion, particularly in China, is attributed to government-driven price management and reimbursement policies and increasing healthcare budgets due to ageing populations and a rise in chronic diseases.
However, disparities in healthcare infrastructure and economic stability across the region can hinder progress, said Thomas Fleming, Medical Analyst at GlobalData.
“High costs associated with CT system development and regulatory complexities remain barriers,” Fleming said.
Meanwhile, manufacturers are focusing on developing faster, more precise systems to meet the rising demand for advanced imaging solutions.
“The push for cost-effective and high-resolution imaging solutions continues to drive adoption,” the analyst added.