The Asia Pacific computed tomography market size was USD 2.39 Billion in 2022 and is likely to reach USD 4.18 Billion by 2031, expanding at a CAGR of 6.4% during 2023–2031. The growth of the market is attributed to the increasing prevalence of different lifestyles associated with chronic diseases including cardiovascular and cancer conditions. Rising application of computed tomography in dentistry for detecting teeth decay and infections is anticipated to boost the market.
Computed tomography is the digital x-ray imaging procedure for diagnosing the bones, blood vessels, internal organs, and soft tissues with the help of creating detailed images. The images created during computed tomography scan could be reformatted in various planes and also generate three dimensional images that can be seen on computer monitor, transferred to electronic media, and also printed on film.
Computed tomography is the best method for detecting various types of cancers as the images gives doctor the confirmation regarding the presence of tumor along with its location and size. It is painless, accurate, non-invasive, and fast. It helps to find about the internal bleeding and injuries fast enough to save the lives. It shows blood vessels, soft tissues, and bones in different parts of the body.
Asia Pacific Computed Tomography Market Trends, Drivers, Restraints, and Opportunities
Rising demand for advanced assessment tools in emergency department is projected to drive the market growth during the forecast period.
Rapid growth of the healthcare sector is key factor propelling the market expansion.
High cost of computed tomography devices is anticipated to hinder the market growth in the coming years.
Lack of adequate reimbursement policies acts as major challenge that can impede the market expansion.
R&D investment and technological advancement in devices is estimated to create lucrative opportunities for the market players.
Scope of Asia Pacific Computed Tomography Market Report
The report on the Asia Pacific computed tomography market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Asia Pacific Computed Tomography Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (High Slice, Medium Slice, and Low Slice), Applications (Neurology, Musculoskeletal, Oncology, Cardiovascular, and Others), End-users (Clinics, Hospitals, Diagnostic Services, and Others)
Japan, Australia, China, India, South Korea, and Rest of Asia Pacific
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
GE Healthcare; Siemens Healthineers; Hitachi Healthcare Systems; Canon Medical Systems Corporation; Koninklijke Philips NV; Medtronic; Fujifilm Holdings Corporation; Shimadzu Corporation; Danaher; and Carestream Health
Asia Pacific Computed Tomography Market Segment Insights
High slice segment is projected to account for a large market share
Based on types, the Asia Pacific computed tomography market is divided into high slice, medium slice, and low slice. The high slice segment is expected to constitute a key share of the market during the forecast period owing to rising incidence of cardiovascular diseases and increasing demand for accurate diagnostics solutions. It delivers detailed images in the obese patients. However, the medium slice segment is anticipated to expand at a rapid pace during the forecast period due to low radiation exposure, low cost, and compact size.
Oncology segment is projected to hold a key market share
On the basis of applications, the market is segmented into neurology, musculoskeletal, oncology, cardiovascular, and others. The oncology segment is expected to represent a key share of the market in the coming years due to rising prevalence of cancer and increasing application of CT scans for diagnosing different types of cancers such as tumors & lumps. On the other hand, the neurology segment is anticipated to expand at a rapid pace during the forecast period owing to rising age of people increases the burden of diseases along with it.
Hospitals segment is projected to constitute a major market share
In terms of end-users, the Asia Pacific computed tomography market is segregated into clinics, hospitals, diagnostic services, and others. The hospitals segment is expected to account for a key share of the market during the forecast period owing to rising number of emergency cases in hospitals and increasing number of surgeries being performed. However, the diagnostic services segment is anticipated to expand at a rapid pace during the forecast period due to growing number of diagnostic center and also it makes computed tomography more accessible & affordable.
China is expected to dominate the market
On the basis of geography, the Asia Pacific computed tomography market is categorized as Japan, Australia, China, India, South Korea, and Rest of Asia Pacific. The market of China is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising aging population and growing awareness regarding risk of radiation exposure. On the other hand, the market of India is expected to exhibit a rapid growth rate in the coming years due to developing healthcare infrastructure and rising presence of various insurance companies funding for computed tomography.
The Asia Pacific computed tomography market has been segmented on the basis of
- High Slice
- Medium Slice
- Low Slice
- Diagnostic Services
- South Korea
- Rest of Asia Pacific
- GE Healthcare
- Siemens Healthineers
- Hitachi Healthcare Systems
- Canon Medical Systems Corporation
- Koninklijke Philips NV
- Fujifilm Holdings Corporation
- Shimadzu Corporation
- Carestream Health
Key players competing in the Asia Pacific computed tomography market include GE Healthcare; Siemens Healthineers; Hitachi Healthcare Systems; Canon Medical Systems Corporation; Koninklijke Philips NV; Medtronic; Fujifilm Holdings Corporation; Shimadzu Corporation; Danaher; and Carestream Health. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.