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.
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.
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.
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