The key factors propelling the South African diagnostic imaging equipment market are the rising burden of chronic diseases in the country and technological advancements in diagnostic imaging. The burden of chronic diseases has been increasing steadily in South Africa. Imaging tests using radiography, ultrasounds, fluoroscopy, and nuclear medicine create visual representations of a body’s internal organs, to help better study and understand chronic diseases.
Technological advancements in medical imaging are increasing in the market studied. New imaging techniques that reveal greater anatomical details are available in most of the diagnostic labs and hospitals. Companies, like Aidoc and Nvidia, enable their developers to apply a wide range of AI-powered applications in the existing medical imaging equipment. Therefore, technological advancements can help increase applications involving diagnostic medical imaging.
Key Market Trends
Oncology is One of the Fastest Growing Segments During the Forecast Period
- The use of imaging is highly prevalent in the diagnosis of cancer. It is used to find or detect tumors and other abnormalities, determine the extent of disease, and evaluate the effectiveness of treatment. Imaging may also be used while conducting biopsies and other surgical procedures.
- In South Africa, the use of imaging techniques to detect cancer and use imaging during treatment is expected to increase, due to the expected increasing incidence of cancer in the country. As per 2018 statistics by the International Agency for Research on Cancer, the number of cases of cancer is expected to increase from approximately 107,000 to more than 140,000, by 2030. This factor is expected to positively impact market growth in the region.
The leading vendors in the market are launching advanced diagnostic imaging equipment. These companies have also been involved in the acquisition of related healthcare companies, in order to improve their product portfolio, geographical presence, and growth. By incorporating acquired technologies, the companies are driving product innovation.
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