GE Healthcare expects revenue from the Asia-Pacific region to advance an average of 22% annually over the next three to five years, if spending on healthcare technology remains strong in that part of the world.
The projection from the Chalfont St. Giles, U.K., vendor came from Clarence Wu, general manager of the company's Integrated IT Solutions division, in a May 20 interview with Reuters.
Wu's forecast is more than triple the 5% to 7% worldwide revenue growth forecast by GE Healthcare for 2008 and double an estimated 11% growth in Asia's healthcare technology market. Last year, Asia contributed $1.8 billion to $2 billion in revenue to GE Healthcare.
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