Demand for Digital X-ray Equipment to Soar as Incidence of Cardiovascular Diseases Augments

Published Date : Jun 12, 2017

ALBANY, New York, June 12, 2017 – has recently announced the addition of a report titled, “Global Digital X-ray Equipment Market: Size, Trends & Forecasts (2017-2021)” to its depository. The report analyzes the key challenges, growth drivers, and trends stimulating the growth of the global market for digital x-ray equipment. The market projections are accompanied by assessment of the leading segments of the market, which is segmented in terms of various parameters.

Digital x-ray systems refer to medical equipment such as displays, amplifiers, image processing computers, and x-ray sensors. The growing incidence of innumerable medical conditions including cardiovascular diseases, chronic obstructive pulmonary disease (COPD), pneumonia, cystic fibrosis, lung cancer, and collapsed lung, has been propelling the demand for digital x-ray equipment over the world. Digital x-ray systems are necessary in the treatment and diagnosis of these conditions.

The emergence of the tele-imaging technology has also been assisting the growth of the market. Healthcare professionals over the globe have been leveraging tele-imaging in the creation and interpretation of medical images, reaching previously inaccessible areas. With the arrival of the Internet of Things (IoT), healthcare professionals can now share images, videos, and other crucial data using an IP camera, remote access software, and the Internet. The technology also enables access to real-time tele-radiology expertise via supervision of a radiologist or junior sonographer at the healthcare facility. This new facility can considerably reduce the adverse effects arising from the shortage of healthcare workforce, ensuring smooth and efficient working simultaneously.

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By product, the global market for digital x-ray equipment has been broadly segmented into finished system makers and detectors. In 2015, the stationary digital x-ray systems accounted for the largest share in the global market for digital x-ray equipment. These systems are widely deployed by diagnostic centers, clinics, and hospitals for capturing medical images of various internal organs of patients. Since new research centers, diagnostic centers, and hospitals are on the rise, the portable digital x-rays will also witness escalating demand over the next few years.

By geography, the global market for digital x-ray equipment can be segmented into Asia Pacific, North America, and Europe. While North America may represent the largest chunk of the global market for digital x-ray equipment by the end of 2021, the nations in Asia Pacific hold the key to further growth. The continually growing healthcare infrastructure, favorable government initiatives, and rising disposable incomes of the populace have been some prominent driving forces of the digital x-ray equipment market in the region. 

The competitive landscape of the global market for digital x-ray equipment is ogliopolistic in nature, whereby the actions of any single firm affect the entire market structure. Adoption of both inorganic and organic growth strategies is been a key tendency of the market players. The development of safer products that feature lower exposure to radiation and high efficacy is one of the major business strategies of these market entities.

Siemens Group, General Electric Company, Philips, Fujifilm Medical Systems, and Carestream are some leading players operating in the global market for digital x-ray equipment.

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