X-Ray Devices Market to Grow at a Modest CAGR of 5.2% between 2012 and 2018: Transparency Market Research

Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report on the global market of x-ray devices published by Transparency Market Research (TMR) states that the market, which observed demands for nearly 494.2 thousand x-ray devices in 2011, will grow to an estimated demand of nearly 700.5 thousand x-ray devices by 2018. Through the years 2012 and 2018, the market will grow at a modest CAGR of nearly 5.2%. The report is titled "X-Ray Devices Market - U.S., China and Europe Market Penetration, Buying Preferences and Healthcare Institution Usage Rate Analysis, Size, Share, Growth and Forecast, 2012 - 2018", and is available at TMR's website for sale.

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The report states that the global x-ray devices market is observing a change in its dynamics - the buyer's focus is increasingly shifting from the conventional analog and stationary x-ray devices to mobile or portable x-ray devices. Increasing adoption of picture archiving and communication systems (PACS) in the U.S. and Europe, and the introduction of reformatory developments in global healthcare facilities across the globe are some of the chief factors driving demands for x-ray systems in the global marketplace. The large patient pool and a rapid rise in prevalence of target diseases and the rising volume of globe's geriatric population are also significantly adding to demands of x-ray devices on a global front.

Past trends of the global x-ray devices market indicate that alongside the factor of technologically advanced products, the factor of image quality is an important buying criterion as it relates directly with the quality of diagnosis. Price is an important factor to be considered in the price sensitive Chinese market of x-ray devices. Furthermore, developing countries from East and West Europe, having recently been through an economic depression, also place high importance upon the price factor of x-ray devices.

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According to the types of x-ray devices in the market, 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 growth of the segment mobile x-ray devices in the future.

Application area-wise, the use of x-ray devices was prevalent in hospital departments such as dentistry, emergency response units and ICU. 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.

Geography-wise, the regional x-ray devices market of China is expected to exhibit growth at the highest pace during the forecast owing to factors such as widespread network of government and public healthcare institutions in China. China has also ruled the global x-ray devices market by being the largest buyer of x-ray devices in the past.

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.

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Source:Transparency Market Research