U.S.-based market intelligence firm Transparency Market Research announces the release of a new market research report. The report deals with the global x-ray market, analyzing historic statistics related to the market and presenting forecasts for the potential development trajectory of the market. Titled X-Ray Market – Global Industry Analysis, Size, Share, Growth and Forecast 2012 – 2018, the report dissects the global x-ray market according to its various product categories, geographical distributions, and various applications. This provides a comprehensive look into the global x-ray market and helps interested parties come up with winning market strategies to exploit the niches in the market.
The global x-ray market is expected to rise at a CAGR of 4% from 2012 to 2018 thanks to increasing demand from varied applications in the medical field. The x-ray market was valued at US$7.5 billion in 2011, the base year for the statistics presented in the report. The market is expected to push close to US$10 billion by 2018.The two major criteria used to categorize the global x-ray market are the product type and technology used in those devices. According to product type, the x-ray market is divided into stationary and portable x-ray equipment. The latter is further divided into the categories of portable and mobile x-ray devices. Stationary x-ray devices dominated the global x-ray market in 2011 due to their established strong position around the world, providing strong marketing channels and consumer awareness. However, the segment of portable x-ray devices is expected to grow at a faster rate during the forecast period owing to the greater convenience they offer to healthcare practitioners as well as patients. The report analyzes the market size for each product type and presents forecasts for each.
According to technology, the report looks into the markets for analog x-ray systems, computed radiography x-ray systems, and digital radiography x-ray systems. Computed radiography x-ray systems were the dominant segment within the global x-ray market.North America dominated the global x-ray market in 2011, thanks to the high standard of healthcare present in the region and government and private support for technological innovation. North America is often the breeding ground for cutting-edge medical innovation thanks to these factors. However, the Asia Pacific market forx-ray systems is expected to grow at the highest rate during the forecast period, thanks to the increasing geriatric base in developing economies such as China and India. The application of x-ray systems such as cardiovascular x-ray, dental x-ray, and respiratory x-ray becomes increasingly common with increasing age; the growing geriatric population base will thus help the global x-ray market grow at a sturdy rate.
Browse the full X-Ray Market report at http://www.transparencymarketresearch.com/x-ray-market.html
The report profiles major market players in the global x-ray market such as Phillips Healthcare, Siemens Healthcare, Shimadzu Corporation, and GE Healthcare, in order to provide a 360-degree overview of the competitive landscape of the global x-ray market.
