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:1/18/2017)... , Jan. 18, 2017  Dermata Therapeutics, LLC, ... to treat a variety of dermatological diseases, announces ... DMT210, in a Phase 2 acne rosacea study. ... downregulate the proinflammatory cytokines in the skin responsible ... rosacea. This clinical trial, DMT210-003, ...
(Date:1/18/2017)... Safe Rx LLC and Good Day Pharmacy, ... Loveland, Colorado , today announced the availability ... Day locations.     "Patients with prescriptions prone ... storage," said Milton Cohen , President & CEO ... a cup of coffee, you can protect your children ...
(Date:1/18/2017)... In China , we say Health is ... China,s Healthy Strategy originates. 2016 is ... and Social Development of the People,s Republic of ... council of the People,s Republic of China ... plan, identifying medical devices as one of the main breakthrough ...
Breaking Medicine Technology:
(Date:1/18/2017)... , ... January 18, 2017 , ... ... asset protection and financial planning services to families and business owners in the ... aimed at supporting children with developmental disabilities. , The Lakemary Center is a ...
(Date:1/18/2017)... ... January 18, 2017 , ... Catalent ... for drugs, biologics and consumer health products, today announced that Mr. Michael Merges, ... upcoming WCBP Conference, to be held at the Mayflower Hotel, Washington DC, on ...
(Date:1/18/2017)... , ... January 18, 2017 , ... ... the revolutionary Active Brake Technology (ABT), an innovative braking system that allows skaters ... Brake Technology addresses one of the biggest concerns of beginner and intermediate skaters ...
(Date:1/17/2017)... Michigan (PRWEB) , ... January 17, 2017 , ... January is National Stalking Awareness ... who choose to lurk in the corners and commit the crime of stalking, a very ... use and addiction, an often overlooked factor in stalking and other crimes. , “Stalking: know ...
(Date:1/17/2017)... , ... January 17, 2017 , ... ... point of difference. Eden Activewear is a stand-out company for several differences from ... online and only manufacture on demand, this is called 'Agile' manufacturing - ...
Breaking Medicine News(10 mins):