04.24.15
The global X-ray device market is expected to grow 5.2 percent annually through 2018, with demand for these products reaching nearly 700,500 in the next three years, a new report from Transparency Market Research predicts.
The report states the global X-ray devices market is observing a change in its dynamics – the buyer’s focus increasingly is shifting from the conventional analog and stationary X-ray devices to mobile or portable X-ray products. Increasing adoption of picture archiving and communication systems in the United States and Europe, and the introduction of reformatory developments in global healthcare facilities throughout the world are some of the chief factors driving demands for X-ray systems. The large patient pool and a rapid rise in prevalence of target diseases and the rising volume of globe’s geriatric population also are significantly adding to demands of X-ray devices on a global front.
Past trends of the global X-ray devices market indicate that technologically advanced products and image quality are important buying criterion for X-ray systems, as they relate directly with the quality of diagnosis. Price is an important factor to be considered in the fiscally sensitive Chinese market and Europe, which is still recovering from the 2008 Great Recession, the report indicates.
The market segment of general or stationary X-ray devices held a major portion of revenue shares of the overall market in 2011. However, the rising adoption of point of care diagnosis and bedside imaging will support the growth of mobile devices in the future, the report predicts.
The use of X-ray devices is prevalent in hospital departments such as dentistry, emergency response units and the ICU (intensive care unit). Introduction of technologically advanced c-arm devices for the dental department will allow the overall X-ray devices market to grow at a significant pace during the forecast period, according to the data.
The company predicts China will experience the best growth during the forecast period due to such factors as widespread network of government and public healthcare institutions. China has also ruled the global X-ray devices market by historically being the largest buyer of such devices.
Some of the key businesses operating in the global X-ray devices market include GE Healthcare, Philips Healthcare, Shimadzu Corporation, Varian Medical Systems, Siemens Healthcare, Fujifilm Holdings, and Toshiba Medical Systems.