| |
Newsroom /
Medical
/
Medical
/
X-Ray Systems Market to 2016 - The Digital X-Ray Systems Segment to be the Growth Driver
X-Ray Systems Market to 2016 - The Digital X-Ray Systems Segment to be the Growth Driver
The Global X-Ray Systems Market to Exceed $4.5 Billion by 2016
Hyderabad,
AP,
India
(prbd.net)
09/12/2010
The global x-ray systems market is forecast to reach $4.8 Billion by 2016 with a Compound Annual Growth Rate (CAGR) of 4% from 2009–2016. The market is expected to be driven by digitalization of existing analog x-ray systems and demand for new digital x-ray systems in developing countries. Increased usage of low cost portable and mobile digital x-ray systems in veterinary practice and remote healthcare centers is driving the demand for advanced digital x-ray systems. Aging population and increased expenditure on healthcare infrastructure in emerging countries are the other important growth drivers for the x-ray systems market.
The US is the biggest market for x-ray systems contributing 28% towards to the global market in 2009; however the contribution is expected to decrease to 25% by 2016. The US x-ray systems market valued at $860m in 2009 is forecast to grow at a CAGR of 3% to reach $1 Billion in 2016. Market saturation is expected to lead to slower growth in the future. Other countries which also include emerging economies contributed 72% towards the global market in 2009 and the contribution is expected to increase to 75% by 2016.
For Sample Pages, please click or add the below link to your browser:
http://www.gbiresearch.com/RequestSamplePages.aspx?ID=X-Ray-Systems-Market-to-2016-The-Digital-X-Ray-Systems-Segment-to-be-the-Growth-Driver&Title=Medical_Devices&ReportType=Industry_Report
Digital x-ray systems which comprises digital radiography (DR) and computed radiography (CR) accounted for 90% of the overall diagnostic x-ray systems market in 2009 making it the largest category within x-ray systems market. It is forecast to grow at a CAGR of 5% for the next seven years, to reach $4.4 Billion by 2016. Historically, the market grew at a CAGR of 10% in the last seven years (2002–2009). The x-ray systems market is expected to be driven by advanced digital x-ray systems, conversion of existing analog x-ray to digital x-ray systems and portable mobile x-ray systems in veterinary and remote healthcare practices.
In 2009, Philips, GE and Siemens Healthcare had a combined market share of 65%. Philips Healthcare made two acquisitions in the last four years, leading to an increase in their market share, especially in emerging markets, such as India and Brazil. Also, all the three companies have a good brand name along with advanced digital x-ray models which instantly opens up the global market for them.
GBI Research’s report, “X-Ray Systems Market to 2016 - The Digital X-Ray Systems Segment to be the Growth Driver” provides key data, information and analysis on the global x-ray systems market. The report provides market landscape, competitive landscape and market trends information on three x-ray systems market categories – Digital Radiography, Computed Radiography and Analog radiography. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape, key technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=X-Ray-Systems-Market-to-2016-The-Digital-X-Ray-Systems-Segment-to-be-the-Growth-Driver&ReportType=Industry_Report&coreindustry=ALL&Title=Medical_Devices
Visit our report store: http://www.gbiresearch.com
For more details contact:
pressreleases@gbiresearch.com
North America: +1 646 395 5477
Europe: +44 207 753 4299
+44 1204 543 533
Asia Pacific: +91 40 6616 6782
About
GlobalData is a global market intelligence services company providing information research and analysis products and services.
|