The U.S., China, and Europe X-ray market is expected to constitute 700.5 thousand units before the end of 2018. This market recorded 494.2 thousand units in 2011 and is exhibiting a CAGR of 5.20% within a forecast period from 2012 to 2018. The details are provided in a research report released by Transparency Market Research, 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.”
According to the report, the U.S., China, and Europe X-ray devices market is mostly propelled by the advancements in technologies and policies in China and Europe. While the U.S. has always been a major region in the X-ray market, its growth rate has slowed down considerably after the implementation of the Affordable Care Act in 2010. The report expects the U.S. to maintain a relatively slower growth rate in the coming years. Europe and the U.S. are both showing positive reforms that are conducive to the use of digital X-ray systems.
On the other hand, China and Europe are showing greater progress in the x-ray devices market, owing to a faster rate of adoption of PACS, especially in Europe. China is currently one of the fastest developing economies in the world, with a rapidly growing healthcare infrastructure that can accommodate a larger number of X-ray devices. The country is currently in its twelfth five-year plan and the developments in the healthcare and medical devices industries made by the country depict a positive future for X-ray devices sales and use.
The report segments the U.S., China, and Europe X-ray market in terms of products, healthcare institution types, departments, and geography.
In terms of products, the U.S., China, and Europe X-ray market is segmented into C-arm devices, stationary or general X-ray devices, and mobile X-ray devices. Of these, the market was dominated by stationary or general X-ray devices in 2012, accounting for a share of 78.9% of the market. The report, however, predicts that the segment of mobile X-ray devices will exhibit the fastest growth rate over the given forecast period. This segment’s growth rate is attributed to the increasing scope of use for mobile devices across multiple fields in the healthcare industry. The segment is also growing due to the high demand for bedside imaging devices, along with the lower risk of radiation poisoning that mobile X-ray devices hold.
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In terms of types of healthcare institutions, the U.S., China, and Europe X-ray market is segmented into government hospitals, health screening clinics and centers, private non-profit hospitals, private hospitals, and other minor segments.
The China X-ray market is led by public and government hospitals, a hierarchy that is expected to continue over the given forecast period.
Key players in the U.S., China, and Europe X-ray market are Varian Medical Systems, Shimadzu Corporation, Toshiba Medical Systems, Hitachi Medical Systems, Philips Healthcare, GE Healthcare, and Siemens Healthcare.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.