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Global Size for Irradiation Apparatus Market Analysis and Forecast 2015 - 2023
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The market of irradiation apparatus can be segmented as follows:
By Use
Irradiation apparatus for diagnostic purpose
Irradiation apparatus for therapeutics purpose
Irradiation apparatus for dental diagnostic purpose
Irradiation apparatus for chiropractic diagnostic purpose
Irradiation apparatus for industrial and research applications
Advent of new technologies will encourage many pharmaceutical and medical industries to utilize irradiation apparatus and hence drives the market growth of irradiation apparatus. For example, introduction of laser beam and rotary laser irradiation apparatus are widely used to perform linear welding with a uniform width on irradiation portion. Thus, these types of introductions will attract new customers and hence drives the market growth. In addition, portable irradiation apparatus are widely used by doctors, veterinaries and dentists and also these apparatus have wide application areas in industrial applications. Introduction of novel technology based portable irradiation apparatus have made possible for hospitals and many other medical establishments to refurbish their analog system at cheaper price. Above factor will ultimately increase the uptale of irradiation apparatus and hence drives the market growth. Furthermore, X-ray irradiation apparatus are widely used for security purposes in terrorist attack. Thus, high application areas and increasing usage of irradiation apparatus would further stimulate the market growth of irradiation apparatus. However, high regulatory constraints for using irradiation apparatus will restrain the market growth. For example, companies must follow storage, sales and disposable criteria of The Radiation Protection Act and Radiation Protection Regulation in order to enter into the market. Additionally, users of irradiation apparatus must hold the license and are also required to comply with the code of safe practice. According to Ministry of Health, if user fails to comply with the given requirements, may be subjected to penalties in section 26(2) of the act. This barrier would ultimately restrain the growth of irradiation apparatus market. In addition, complex storage requirement for irradiation apparatus would also hamper the growth of this market.
Geographically, North America is considered to be the largest market of irradiation apparatus market owing to increasing demand of irradiation apparatus in this region. In addition, presence of large key players in this region also potentiates the growth of irradiation apparatus market in North America. Europe is considered as the second largest market of irradiation apparatus. The growth is mainly attributed to the advancement in technologies. In addition, Asia-Pacific region is the emerging market for irradiation apparatus because of rising investment by government of Asia-Pacific region for the development of this field coupled with increasing use of irradiation apparatus by pharmaceutical manufacturers.
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Some of the key players contributing to the global irradiation apparatus market include Toshiba America Medical Systems Inc., Philips Healthcare, Carestream Health Inc., Agfa Gevaert NV, Siemens Healthcare, Ziehm Imaging, Inc., Fujifilm Holdings Corporation, Hitachi Ltd., Varian Medical Systems Inc. and others.
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