Navigation Links
Lower Operating Expense Augments Digital X-rays' Uptake Across Industries, Finds Frost & Sullivan
Date:7/26/2012

MOUNTAIN VIEW, Calif., July 26, 2012 /PRNewswire/ -- The continuous evolution of X-ray sources, detectors and software has led to a migration from analog to digital X-ray inspection systems in the nondestructive testing (NDT) industry. Digital X-rays' lower operating costs have given them a significant competitive advantage over film radiography solutions, as they eliminate the expenses involved in buying films, maintaining a darkroom, obtaining space for archiving film records, and purchasing chemicals for processing film radiographs.

New analysis from Frost & Sullivan (http://www.testandmeasurement.frost.com), Analysis of the Industrial Digital X-ray Inspection Systems Market, finds that the market earned revenues of $309.4 million in 2011 and estimates this to reach $509.4 million in 2016.

If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

The recent hike in price of silver, an important component in production of film, has increased this product's cost by as much as 30 percent, depending on the manufacturer. Film radiography consumers, subsequently, have witnessed higher operating costs and are turning toward digital X-ray solutions that offer greater savings in costs. Despite film radiography's lower capital costs, its escalating operating costs will render digital X-ray solutions more attractive to consumers.

Currently, film radiography dominates emerging markets, the engines powering growth for the global economy. Film radiography's low capital investment and comparatively inexpensive labor within the emerging economies have popularized it in these nations. As a result, these markets' preference for film radiography is expected to curtail the demand for digital X-rays. However, with a reduction in price of digital X-ray inspection systems, the cost disadvantage could be nullified in the next five to six years.

"Digital X-ray equipment manufacturers need to aggressively market their products in emerging economies and convince end-user industries of the cost savings that can be achieved with their technology," said Frost & Sullivan Research Analyst Nikhil Jain. "Their concerted efforts will help them explore opportunities in these high-growth markets."

Digital X-ray equipment manufacturers could also promote the environmental friendliness of their technology, as it does not need chemicals to develop a radiographic shot. Moreover, the amount of radiation required for acquiring an image is considerably less, resulting in reduced radiation exposure and associated hazards. Digital X-rays also stand out for their improved image quality due to the advances in imaging technology.

"In applications related to the electronics industry, digital X-ray solutions offer a much better resolution than film," noted Jain. "Participants need to continue enhancing the quality of images to extend their products' application scope to industries such as aerospace, military and defense."

Analysis of the Industrial Digital X-ray Inspection Systems Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: World Nondestructive Test (NDT) Inspection Services Market, World Condition Monitoring Equipment Market, Analysis of Material Testing Equipment Market, and Analysis of Nondestructive Test (NDT) Equipment Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Analysis of the Industrial Digital X-ray Inspection Systems Market
NA43-30

Contact:
Jeannette Garcia
Corporate Communications – North America
P: 210.477.8427
E: jeannette.garcia@frost.com

http://www.frost.com

 


'/>"/>
SOURCE Frost & Sullivan
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Hill-Rom Reports Fiscal Third Quarter Results; Announces Aspen Surgical Acquisition; Lowers Full Year Financial Outlook
2. Grant & Eisenhofer Represents Key Whistleblower in Justice Dept.s $1.04 Billion Civil Settlement with GlaxoSmithKline
3. GlaxoSmithKlines (GSK) $3 Billion Whistleblower Settlement Has Paid for One Of Americas Most Expensive Failed Corporate Internal Investigations, Qui Tam Whistleblowers Attorneys Say
4. Renal Dialysis Equipment Market to 2017- Lower Costs and Similar Efficacy Rates as Hemodialysis to Increase Adoption Rates of Peritoneal Dialysis
5. Grant & Eisenhofer Represents Lead Whistleblower in Historic $1.6 Billion Settlement with Abbott Laboratories Over Off-Label Marketing of Antiepileptic Medication Depakote
6. Regeneron to Report Second Quarter 2012 Financial and Operating Results and Host Conference Call and Webcast on July 25, 2012
7. Defense Logistics Agency helps military medical facilities enhance patient care with high-tech operating rooms
8. Hologic to Release Third Quarter Fiscal 2012 Operating Results on Monday, July 30, 2012
9. Bacterin Announces First Quarter 2012 Revenue of $7.8 Million, Up 29% Year-over-Year, on Gross Margins of 76%, and 34% Reduction in Operating Loss
10. Cempra, Inc. to Report First Quarter 2012 Financial and Operating Results, and Host Conference Call and Webcast on May 10, 2012
11. The Female Health Company Reports Second Quarter Operating Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... , June 23, 2016  In a startling report released ... failing their residents by lacking a comprehensive, proven plan to eliminate ... a definitive ranking of how states are tackling the worst drug ... only four states – Kentucky , ... Vermont . Of the 28 failing states, three – ...
(Date:6/23/2016)... 2016 Research and Markets has announced ... Analysis 2016 - Forecast to 2022" report to their ... contains up to date financial data derived from varied research ... trends with potential impact on the market during the next ... which comprises of sub markets, regional and country level analysis. ...
(Date:6/23/2016)... Research and Markets has announced the addition of ... their offering. The current ... environment for MedImmune to enter. The US ageing population creates ... drive considerable growth for effective anti-influenza medications. The introduction of ... but development is still in its infancy. ...
Breaking Medicine Technology:
(Date:6/27/2016)... , ... June 27, 2016 , ... "FCPX editors can ... inside of Final Cut Pro X," said Christina Austin - CEO of Pixel Film ... Final Cut Pro X users can now reveal the media of their ...
(Date:6/27/2016)... ... June 27, 2016 , ... ... strategic partnership with Connance, a healthcare industry leader providing predictive analytics to ... technology combine to provide health systems, hospitals and ambulatory surgical centers with ...
(Date:6/27/2016)... ... June 27, 2016 , ... TopConsumerReviews.com recently awarded their highest five-star ... , Millions of individuals in the United States and Canada wear eyeglasses. Once considered ... both correct vision and make a fashion statement. Even celebrities use glasses as a ...
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A ... 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, where the ... history as home to some of the world’s leading providers of cereal and other ...
(Date:6/26/2016)... , ... June 26, 2016 , ... PawPaws brand ... new product that was developed to enhance the health of felines. The formula is ... The two main herbs in the PawPaws Cat Kidney Support Supplement Soft ...
Breaking Medicine News(10 mins):