Affordable Solutions Spur Adoption of Digital and Computed Radiography in Thailand, Indonesia and Malaysia, finds Frost & Sullivan
-- Collaborating with local providers will help global vendors address both economic and clinical needs
SINGAPORE, April 27, 2015 /PRNewswire/ -- With recent developments in Asia-Pacific healthcare delivery as well as the growing emphasis on reduced radiation, seamless workflow and safety measures, innovations in the digital and computed radiography market in Thailand, Indonesia and Malaysia (TIM) are inevitable. The presence of a large number of participants is expected to further enhance advancements in the TIM digital and computed radiography space.
New analysis from Frost & Sullivan, Analysis of the TIM (Thailand, Indonesia, and Malaysia) Digital and Computed Radiography Markets (https://www.frost.com/p852), finds that the digital and the computed radiography market earned revenues of US$31.8 million and US$14.8 million respectively in 2014.
For more information on this research, please email Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.
Since Thailand and Malaysia are popular spots for medical tourism, the large patient population translates into increased procedure volumes and greater demand for digital radiography.
"The need for higher resolution diagnostic images, coupled with benefits such as improved patient comfort, reduced radiation and high throughput, has led to the widespread use of digital and computed radiography in TIM," said Frost & Sullivan Healthcare Consultant Poornima Srinivasan. "The technological efficiencies that digital radiography solutions, in particular, bring to the table bolster market demand," she added.
Digital technologies significantly reduce the use of chemicals and films otherwise necessary to develop X-rays, thereby ensuring environmental sustainability. Digital radiography also has features for capturing and processing images at a speed of 10 to 20 seconds, and is thus fast-evolving into an integral part of hospital infrastructure.
Despite substantial advantages, healthcare service providers are often hampered by budget constraints. As such, the availability of affordable, locally-developed technologies with enhanced features such as minimal image acquisition and short processing times will present immense opportunities for uptake in TIM.
"Market participants must partner with local production facilities to design economical yet inventive technologies and widen their footprint," suggested Srinivasan. "Collaborating with local vendors to develop competitively-priced, bundled solutions will pave the way for large-scale adoption in the TIM markets," she noted.
Analysis of the TIM (Thailand, Indonesia, and Malaysia) Digital and Computed Radiography Markets is part of the Advanced Medical Technologies (http://www.medtech.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Indonesia Healthcare Outlook, APAC Hospital Outlook 2014, and Singapore Diagnostic Imaging Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the TIM (Thailand, Indonesia, and Malaysia) Digital and Computed Radiography Markets
P852-54
Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com
Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com
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