Upswing in the Lifestyle Related Diseases Driving Medical Imaging Industry in Asia

ROHINI, India - May 20, 2013 - PRLog -- The medical imaging market of Asia Pacific region has grown consistently at a positive growth during 2008-2012 due to the rising demand for diagnostic services among the population in the region. India and China are the most populous countries in the region. The large population sizes in these countries have created huge demand for the diagnostic medical imaging services. The ratio of the medical imaging equipments to the population is relatively very low in these countries in the region. Because of the low penetration of the advanced medical imaging equipments such as MRI and CT, the market has gained considerable increase in these countries in recent years. Secondly, the economies of various countries in APAC region have showcased a robust performance during last few years. As a result of this the outlay of expenditure on the healthcare services has increased significantly in these countries. The increasing expenditure on the healthcare services has resulted into establishment of new healthcare infrastructure including hospitals and medical centers especially in regional and rural places in these countries. This has further given a significant boost to the demand for the diagnostic medical imaging modalities in these countries.
The cases of the chronic diseases in Asian countries have also significantly increased during 2008-2012. For instance, according to the WHO heart disease, stroke, cancer and chronic respiratory diseases are leading cause of the mortality in the world with the majority of the cases in the emerging countries. Because of the surge of the population suffering from these diseases in APAC region the demand for the diagnostic services has sizably escalated during 2008-2012.  The medical imaging market of APAC region is estimated at over USD 7,000.0 million in 2012 which has grown at a CAGR of 8.6% during 2008-2012.

“The major factors that have driven the growth of the medical imaging market of Asia Pacific region during 2008-2012 are the large population size in the Asian countries such as India and China, increased expenditure on the healthcare services by the governments, rising personal disposable income of the population in emerging Asian countries, ageing population in countries such as Japan and Australia and surging cases of chronic diseases.” - According to the research report ‘Asia Pacific Medical Imaging Industry Outlook to 2017 – Driven by Rising Lifestyle Diseases and Public Healthcare Expenditure’ from Ken Research.

According to the research report, the market is estimated to continue to grow positively at a year-on-year growth of over 8% until 2017 due to the high demand for the diagnostic medical imaging services in the region especially in large countries such as China which is expected to emerge as the largest contributor to the medical imaging market of the region by 2017.

The report “Asia Pacific Medical Imaging Industry Outlook to 2017” provides detailed overview on the medical imaging market of the countries in Asia Pacific region. This report helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, medical imaging equipment companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

For more information, please visit:
http://www.kenresearch.com/healthcare/medical-devices--eq...