Market Trends of South Africa Computed Tomography Industry
This section covers the major market trends shaping the South Africa Computed Tomography Market according to our research experts:
Oncology Segment is Expected to Hold a Significant Market Share Over the Forecast Period
The rising incidence of cancer cases and increased use of computed tomography in the diagnosis of various cancer conditions are the main contributors to the growth of this market in South Africa. There are also numerous research projects being carried out in the nation that could accelerate industry expansion. In 2020, South Africa recorded 108,168 new cases of cancer and 262,455 instances of cancer that was five years prevalent, according to the Globocan 2020 study. The same survey also predicted that by 2040, there will be 175,102 new instances of cancer. The market growth for computed tomography equipment for diagnosis is anticipated to be boosted by the increased prevalence of cancer conditions. In August 2020, Cape Radiology purchased a 128 Slice Multidetector row CT (MDCT). The scanner features the latest dose-reducing algorithms, dual-energy imaging capabilities, and metal artifact reduction technology and improving image quality. In December 2020, new CT scanners installed at five district hospitals in Limpopo will ease the burden of long queues and many traveling hours for patients around the province. Increasing CT scan installation in the country is expected to increase the demand for CT systems and boost the segmental growth over the forecast period. Thus, the market is expected to grow in the upcoming future.
