X Ray Equipment Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022 by Credence Research
The latest market report published by Credence Research,
Inc. “Global X-ray Equipment Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 -
2022,” the x-ray equipment market was valued at USD 8,495.9 Mn in
2015, and is expected to reach USD 11,752.2 Mn by 2022, expanding at a CAGR of
4.71% from 2016 to 2022.
Browse the full report X-ray
Equipment Market - Growth, Share, Opportunities, Competitive Analysis, and
Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/x-ray-equipment-market
Market Insights
The electromagnetic ionizing
radiation that possesses diversified applications in several industries is
known as X-ray. In healthcare industry, X-ray devices account for the
largest share of the diagnostic imaging market due to key market driving
factors such as aging population, technological and infrastructural
developments, rising prevalence of lifestyle diseases. It was also observed
that the demand for portable and mobile X-ray equipments along with other
diagnostic imaging devices has increased immensely in the last few years and is
expected to show significant growth due to its convenience in use. The market
experts suggest that, the opportunities observed in x-ray market are need of
improved diagnosis for aging population, and rising public awareness associated
with early disease diagnosis. However, a few market challenges such as
achieving competitive advantage in such a mature market are difficult for new
market players and high costs of advanced devices could result in lower adoption
rates. Moreover, existence of large population with unmet needs in most of the
emerging economies of the world would continue to provide future opportunities
for the growth of the market during the forecast period 2016 – 2022.
Market Competition Assessment:
The key market leaders in x-ray
equipment market are GE Healthcare, Philips and Siemens. However, globally the
x-ray equipment market comprises approximately 40 notable players. Shimazdu
Corporation is an Asia-based manufacturer that holds a significant market
position in the X-ray devices market in 2015, due to increased adoption of
their manual and motorized mobile X-ray systems. Other players involved in the
x-ray equipment market are Fujifilm Holdings Corporation, Agfa-Gevaert N.V.,
MinXRay, Inc., Konica Minolta, Inc., Hologic, Inc., Hitachi Medical
Corporation, and Varian Medical Systems, Inc. Thus, the well established
companies with huge capital reserves are expected to dominate the market
throughout the forecast period.
Key Market Movements:
·
High prevalence and increasing
incidence of cardiovascular, pulmonary, oral (dental) diseases and other
diseases across the world
·
New, improved and technologically
advanced x-ray systems are being commercialized globally
·
Rapidly aging global population accompanied
with increased health care needs
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