ALBANY, New York, Aug. 02, 2018 (GLOBE NEWSWIRE) -- According to the TMR, the global X-ray market will reach US$11.79 by the end of 2022. In coming years, the market is estimated to witness high growth for the portable type of X-ray. Handheld X-ray is a type of portable X-ray that is anticipated to grow significantly in comparison to mobile X-ray. As per geography, North America holds the dominant share of 34.6% in the global X-ray market. Strong adoption rate of new technologies is the major factor driving demand from this region.
Effective Technological Advancements to Boost the Demand for X-Ray Market
The factors driving the X-ray market are increasing incidence of orthopedic and cancer diseases, increasing base of geriatric population, changing lifestyles, and technological advancements witnessed in the healthcare sector. Additionally, the use of diagnostic imaging devices that have significantly grown the demand for portable and mobile X-ray. The use of diagnostic imaging devices has benefitted the X-ray producers and have provided flexibility to transfer images, developed computer detection, and eliminated the use of chemicals for developing images. The technological advancements in X-ray market have increased its usability in the market on a large scale.
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According to the report, the X-ray market is expected to rise at a steady rate in coming years. The increasing incidence of cardiovascular, gastrointestinal, genitourinary, respiratory, and various other diseases have surged the X-ray market on the global platform.
Emerging Economies to hail new opportunities for the growth of X-ray Market
The X-ray market has certain restraints such as high cost related to the newer technology that may hinder the market to grow at its full potential. However, adoption of newer technology has simplified various parameters but it has added to high cost, which will possibly lower down the demand for X-ray in the global market. Government intervention to maintain healthcare facilities will reduce the cost of X-ray, which may increase the demand for X-ray in coming years. The regional growth for the X-ray market is more in the emerging economies as a result of high prevalence of unmet needs of increasing population that provides growth opportunities for the X-ray market. Additionally, geriatric population and their vulnerability towards chronic ailments will fuel the demand for X-Ray in developing nation.
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The recent report on the global X-ray market is anticipated to grow by adopting new technologies which will open new opportunities for the stake holders, states Transparency Market Research (TMR). The persistent effort made by various companies to use innovative and advanced technologies to improve X-ray systems. This will strengthen their position in the global market. Some of the prominent companies in the global X-ray market are GE Healthcare, Carestream Health, Inc., Philips Healthcare, Shimadzu Corporation, Konica Minolta, Inc., Fujifilm Holdings Corporation, Agfa-Gevaert N.V., Canon, Inc., and Hitachi Medical Corporation. The market is also distinct to experience improved product quality through higher investments that will further boost the demand for the X-ray market.
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The information presented in this review is based on a TMR report, titled “X-ray Market (Product Type: Stationary & Portable (Mobile & Handheld); Technology: Analog & Digital (Computed Radiography & Direct Digital Radiography); Applications: Cardiovascular, Respiratory, Dental, Mammography & Others; Type - Photostimulable Storage Phosphor (PSP) Detectors, Flat Panel Detectors, and X-ray Detectors (CCD, CMOS, X-ray Films, etc.); Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022.”
The Global X-ray Market is segmented as follows:
Global X-ray Market, by Product Type
- Stationary X-ray
- Portable X-ray
- Mobile X-ray
- Handheld X-ray
Global X-ray Market, by Technology
- Analog X-ray
- Digital X-ray
- Computed Radiography
- Direct Digital Radiography
Global X-ray Detectors Market, by Type
- Photostimulable Storage Phosphor (PSP) Detectors
- Flat Panel Detectors
- Indirect FPDs
- Direct FPDs
- Other X-ray Detectors (CCD, CMOS, X-ray Films, etc.)
Global X-ray Market, by Applications
- Cardiovascular
- Respiratory
- Dental
- Mammography
- Others (Abdominal, Orthopedic, etc.)
Global X-ray Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Rest of the World (RoW)
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