Nuclear imaging equipment market to grow at CAGR of 8.9% to 1.5 bn by 2028 in Asia-Pacific region, forecasts GlobalData

Nuclear imaging equipment market to grow at CAGR of 8.9% to 1.5 bn by 2028 in Asia-Pacific region, forecasts GlobalData

The nuclear imaging equipment market in the Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of 8.9% to US$1.5bn by 2028, says data analytics company GlobalData.

The nuclear imaging equipment market registered US$0.7bn in terms of value in 2019, reported the company.

According to their report entitled, ‘Nuclear Imaging Equipment – Diagnostic Imaging Market Analysis and Forecast Model’, increase in the ageing population with cardiac and neurological ailments and growing cancer patients in both younger and older populations will drive the market during the forecast period.

China will be leading the market with a CAGR of 11.0%, which is closely followed by India, South Korea, and Japan, respectively, anticipates GlobalData.

Positron emission tomography/computed tomography (PET/CT) system are the major revenue contributors within CT system in Asia-Pacific regions, and their market is estimated to grow at a CAGR of 8.8% between 2019 and 2028, followed by single-photon emission computed tomography/computed tomography (SPECT /CT) systems.