Digital X-ray Market worth $8,710 Million by 2018, According to a New Study on ASDReports

Tuesday 2 September 2014, Amsterdam

The new report, now available on ASDReports, “Digital X-ray Market by Application (Mammography, Dental, Chest Imaging), Technology (Computes, Direct), Portability (Floor to ceiling mounted, Ceiling mounted, Handheld), End User, Price segments, Flat panel detectors, Software - Global Forecast to 2018” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the digital X-ray market along with the estimates and forecasts of the revenue and share analysis.

The global digital X-ray market was valued at an estimated $4,687.2 million in 2013 and is expected to reach $8,710.0 million by 2018, growing at a CAGR of 13.2% between 2013 and 2018.

The report segments this market on the basis of application, technology, portability, product, end user, price, and geography. Among various applications, chest imaging, and dental have the largest shares in 2013, while mammography is forecasted to be the fastest-growing segment in the digital X-ray market. Factors such as technological advancements, government investments, aging population, growing prevalence of diseases requiring diagnosis, and rise in the number of regulatory approvals are driving the growth of the digital X-ray market. Furthermore, owing to continuous advancements in technology, new and innovative devices are being launched in the market, which is another major factor providing impetus for this market growth.

Based on geography, the global digital X-ray market is segmented into North America, Europe, Asia, and Rest of the World (RoW). North America accounted for the largest share of the market in 2013. This large share of the North American region is attributed to the government support in terms of formation of legislation, grants and funding, need for reducing healthcare costs, and the rising awareness of digital X-ray imaging.

The prominent players in the digital X-ray market are Canon Inc. (Japan), Carestream Health (U.S.), Fujifilm Medical Systems (Japan), GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Hologic, Inc. (U.S.), Philips Healthcare (Netherlands), Shimadzu Corporation (Japan), Siemens Healthcare (Germany), and Toshiba Medical Systems Corporation (Japan).