2018 - 2026
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The Middle East and Africa Computed Tomography market studied have been projected to grow with a CAGR of 6.2% over the forecast period. The market is primarily driven by the rising geriatric population and an increase in incidences of chronic diseases. Chronic diseases, such as heart disease, stroke, cancer, diabetes, obesity are among the most common, expensive, and preventable of all health problems.
According to the Global Cancer Observatory, in Saudi Arabia there are 830 new kidney cancer cases were registered in 2018, furthermore, 249 people were died due to these diseases. According to the article published by Sultan S. Alkhateeb in 2018, the incidence in kidney cancer is increasing and is associated with an alarming increase in the prevalence of associated risk factors in the kingdom. In this region breast cancer is the most prevalent cancer and the average age of the diagnosis is a decade earlier than the western countries. Furthermore, an increase in the shift of medical care towards image-guided interventions coupled with technological advancements in the region is boosting the market growth.
Scope of the report
As per the scope of the report, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images, or scans, of areas inside the body. Also called computerized axial tomography (CAT) scanning, it is primarily used in cancer diagnosis.
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Key Market Trends
Oncology Segment by Application is Expected to Account for Largest Market Share During the Forecast Period
Oncology deals with the diagnosis and treatment of tumors and cancers, while cancer is one of the leading causes of morbidity and mortality. The increasing cancer burden is due to a number of factors, including population growth and aging and the changing prevalence of certain causes of cancer is linked to social and economic development.
Cancer is also associated with lifestyles and the changing lifestyles in the region is increasing the prevalence of cancer. According to the World Health Organization (WHO) estimates, 2019, breast cancer rates across the middle east are expected to double between 2012 and 2030, which is the highest relative increase of any region globally. Therefore with this increase in the cancer burden the market is expected to grow exponentially.
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The Middle East and Africa Computed Tomography market is a moderately consolidated market, owing to the presence of a few major players in the market. The major market players, such as Canon Medical Systems Corporation, Koninklijke Philips NV, GE Healthcare, and Siemens Healthineers, hold a significant market share in the industry. Most of the market players are focusing on bringing technologically advanced products in the market to acquire the maximum market share.
In February 2020: The company GE Healthcare had announced the expansion of advanced imaging activities in Israel. In addition, The Israel Innovation Authority had granted USD 13.4 million to expand its Rehovot center.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Geriatric Population and Increase in Incidences of Chronic Diseases
4.2.2 Increase in Shift of Medical Care Toward Image-guided Interventions coupled with Technological Advancements
4.3 Market Restraints
4.3.1 High Cost and Lack of Adequate Reimbursement Coupled with the Side Effects of CT Scanning
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Low Slice
5.1.2 Medium Slice
5.1.3 High Slice
5.2 By Application
5.2.4 Other Applications
5.3 By End User
5.4.1 Middle-East and Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 Siemens Healthineers
6.1.2 Canon Medical Systems Corporation
6.1.3 General Electric Company (GE Healthcare)
6.1.4 Hitachi Healthcare Systems
6.1.5 Koninklijke Philips NV
6.1.6 Shenzhen Anke High-Tech Co.
6.1.7 Bruker Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Middle East and Africa CT Market market is studied from 2018 - 2026.
What is the growth rate of Middle East and Africa CT Market?
The Middle East and Africa CT Market is growing at a CAGR of 6.2% over the next 5 years.
Who are the key players in Middle East and Africa CT Market?
- Canon Medical Systems Corporation
- GE Healthcare
- Hitachi Healthcare Systems
- Koninklijke Philips NV
- Siemens Healthineers
Are the major companies operating in Middle East and Africa CT Market.