With the surge in the incidence of cancer and cardiovascular diseases, the demand for vascular imaging systems is growing rapidly across the world. As per the International Agency for Research on Cancer (IARC), which is a specialized cancer research promoting agency of the World Health Organization (WHO), 12.7 million patients were diagnosed with cancer around the world in 2008 and this number is predicted to grow to 21.4 million by 2030.
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Additionally, as per the WHO, cancer claimed the lives of 8.2 million people all over the world in 2012. Out of these, lung cancer was responsible for the deaths of 1.6 million people, while liver cancer and esophageal cancer claimed the lives of 745,000 and 400,000 people, respectively, across the world in 2012. Apart from this growing prevalence of cancer, the surging healthcare expenditure in several countries is also positively impacting the demand for vascular imaging systems globally.
Computed tomography (CT), X-ray, MRI (magnetic resonance imaging), nuclear imaging, and ultrasound are the major types of vascular imaging systems used globally. Out of these, the demand for CT systems was the highest in the past. This was because CT-based procedures involve larger amounts of radiation doses than the conventionally used X ray-based imaging systems. As per the Conference of Radiation Control Program Directors, Inc. (CRCPD), in the U.S., nearly 62 million CT-based procedures are performed annually.
Globally, the sales of vascular imaging systems were the highest in North America in the past, as per the observations of P&S Intelligence, a market research company based in India. This was because of the huge public awareness about various imaging techniques in the region. The vascular imaging systems market is predicted to register the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years, due to the growing incidence of cardiovascular diseases and cancer in the region.
Thus, it can be said without any hesitation that the demand for vascular imaging systems will soar all over the world in the coming years, primarily because of the rising incidence of cardiovascular diseases and cancer and the surging population of geriatric people in several countries.
