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United States to Lead Diagnostic X-Ray Systems Market by 2020
Date:8/6/2014

United States (PRWEB) August 06, 2014

Diagnostic X-ray Imaging Market- Global Analysis and Market Forecasts is a new pharma market research report announced by Reportstack. This report provides an analysis of the diagnostic X-ray imaging market in the US, France, Germany, Italy, Spain and the UK, as well as some of the Asia-Pacific countries (Australia, China, India and Japan). It identifies the unmet needs in this market, and also discusses the future of diagnostic X-ray imaging in the face of rapid technological advancements and other advanced imaging modalities.

According to the report, the US diagnostic X-ray systems market value will grow from $694 million in 2012 to approximately $1.1 billion by 2020, at a moderate Compound Annual Growth Rate (CAGR) of 6.1%, according to research and consulting firm GlobalData. The report states that the US is the world’s largest market for diagnostic X-ray systems, accounting for 29.4% of global revenues in 2013. Despite the emergence of China, it will continue to hold the leading share, with 27.9% by 2020.

The Analyst covering Diagnostic Imaging, says: “As reimbursement for X-ray examinations currently incurs lower physician fees than computerized tomography and magnetic resonance imaging scans in the US, there is less financial incentive for physicians to perform X-ray exams. “On the other hand, the implementation of healthcare reform means that cuts in reimbursement for the advanced imaging modalities could potentially have a positive impact on the use of X-ray procedures, and therefore on the
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