The global market for CT scanners will increase by hundreds of millions of dollars this year, and in the next five years Asia will make up nearly 43 percent of the total market, according to a new research teaser from BCC research.

The 176-page report, released Oct. 15, says that the global market for CT scanners should reach $3.7 billion this year, after having hit $3.4 billion in 2011. The report also predicts that the CT market will balloon to nearly $5.1 billion by 2017, after enjoying a five-year compound annual growth rate of approximately 6.7 percent.

Asia will be the site of much of the growth. According to BCC's forecast, the continent will experience a CAGR of 9.8 percent, its market growing from $1.4 billion now to $2.2 billion in 2017. Europe, by contrast, will have a CAGR of 3.7 percent, and grow from $1.1 billion in 2012 to $1.3 billion five years later.

The report is "Global Markets for CT Scanners."