Albany, New York (PRWEB) August 12, 2013
According to a new market report published by Transparency Market Research "X- Ray Market (Portable, Handheld, Digital Radiography, Computed Radiography, Flat Panel Detection Systems, Mammography) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018," the market for x-rays was valued at USD 7.5 billion in 2011 and it is expected to reach an estimated value of USD 9.8 billion in 2018, growing at a CAGR of 4.0% from 2012 to 2018.
The changing buyer preferences induced by the rise in demand for bedside imaging, need for high quality medical images and the rise in the number of patients catered via emergency medical services have increased the demand for technologically advanced x-ray systems. The introduction of digital x-ray systems, implementation of PACS (picture archiving and communication systems) and portable x-ray systems have catered to this demand and have served the global x-ray market as a major driver.
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Some of the other drivers for this market include rapidly aging global population and rising incidences of target diseases such as cardiovascular diseases and growingpatient awareness levels.Emerging economies in the Asian and Latin American regions inducing a rise in the disposable incomes of customers, and government initiatives to build sophisticated medical infrastructure, coupled with the presence of large unmet medical needs will serve the market as future growth opportunities.
Stationary x-ray systems held majority of the market share in 2011. However, the advent of portable x-ray systems perfectly suiting the changing preferences of customers will help the global portable x-ray systems market grow at a relatively faster CAGR during the forecast period.
The global x-ray market by technology is dominated by computed radiography x-ray systems owing to the fact that they are relatively less expensive than digital radiography x-ray systems and entail less re-training of medical practitioners. However, the advent of cost effective digital radiography systems and the increasing implementation rate of PACS, makes the global digital radiography x-ray systems the fastest growing technology market.
The North America x-ray market held majority of the market share in 2011 and is expected to maintain its market position till 2018. The Latin-America x-ray market follows the Asia-Pacific market in terms of CAGR and is expected to grow at a CAGR of over 5% from 2012 to 2018 dueto emerging economies such as Brazil and Mexico and the presence of a large target patient population in these countries.
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Philips Healthcare led the market in terms of market share in 2011 on account of its extensive presence across all x-ray product segments and the introduction of innovative x-ray systems such as Practix360. Some of the other key players of the market include GE Healthcare, Siemens Healthcare, Toshiba Medical Systems, Hitachi Medical Systems, Shimazdu Corporation, Fujifilm Holdings, Varian Medical Systems and others.
X-ray machines are devices that produce x-ray radiations. These x-ray radiations are then used for medical diagnosis and interventional (e.g. catheter placement) purposes. This report includes the market estimation of the global x-ray market for the forecast period 2012 – 2018 in terms of USD million, keeping 2011 as the base year.
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Moreover, the market trends and recent developments have been taken into account while forecasting the market growth and revenue for the period 2012 – 2018. The overall x-ray market is segmented on the basis of product, technology, application and geography and the market estimations for each of these segments in terms of USD million is provided in this report. The x-ray product market is segmented into stationary and portable x-ray market and the portable x-ray market is further segmented into mobile and handheld x-ray market. The global x-market is divided into three sub-types on the basis of technology namely analog, digital radiography and computed radiography systems.
Browse the full report with TOC at http://www.transparencymarketresearch.com/x-ray-market.html.
The overall digital x-ray systems market is segmented into high-density line-scan solid state detection based digital x-ray systems and flat panel detection based digital x-ray systems. The flat panel detection based digital x-ray systems market is further segmented into indirect (a-Si) and direct (a-Se) based digital x-ray systems. The x-ray market by applications is segmented into mammography, cardiovascular x-ray, respiratory (chest) x-ray, dental x-ray and other applications (orthopedic, urology, abdominal etc.). The x-ray market is also estimated and analyzed on the basis of geographic regions namely North America, Latin America, Africa, Europe, Asia-Pacific and rest of the world.
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