Medical X-Ray Devices Market Outlook Upto 2019
According to the new report “Global Medical X-Ray Devices Market Assessment & Forecast 2015-2019” by SA-BRC, the global market for medical x-ray devices was valued at US$ 8,315.5 million in 2014 and is forecast to generate revenues worth US$ 10,334.8 million by 2019. The market is expected to grow at a CAGR of 4.4% from 2015 to 2019.
The report analyzes the market according to the product types or configuration of medical x-ray devices as well such as stationary and portable devices. Portable X-ray devices offer significant advantages over conventional stationary machines such as the ability to provide point-of-care diagnostics, emergency medicine and care for soldiers on the battlefield. The definition of portability is the ability to be able to move the device quickly between multiple locations. Military doctors are better able to diagnose critical injuries and provide the necessary treatment regimen that can save lives. Mobile X-ray devices are compact portable devices that can be towed from one place to another. Hand-held X-ray machines are shaped with a trigger hold and are very easy to use. Products such as Aribex’s Nomad can be held in hand and are applicable in for veterinary diagnostics and dental applications. Digital systems offer several advantages such as computer aided detection, excellent image quality at a lower radiation dose to patients as well as operators, cheaper image cost, flexibility to transfer images through several online tools, eliminates use of chemicals used in developing films and others.
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The research also covers the market for six geographies of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. Since x-ray technology is significantly old, it has penetrated almost every region across the world. Developing regions however, lack in digitization and connectivity, thereby limiting the use of advanced diagnostic techniques that adopt PACS and telemedicine. The demand for X-ray devices is increasing due to a global rise in prevalence of chronic cardiovascular diseases, diabetes and dental along with several others such as veterinary medicine. It is also being driven by a constant rise in trauma accidents thus creating a greater demand from core applications such as orthopedics. North America held the highest share in the global X-ray devices market with 31.8% in 2014 and is expected to continue leading till 2019 closely followed by Asia-Pacific by the end of the forecast period.
There are approximately 15 notable players offering medical x-ray devices and major global players include GE Healthcare, Philips Healthcare, FujiFilm, Shimadzu, Agfa Healthcare, CareStream and Siemens Healthcare.
Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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