X-Ray Sector Expected to Reach USD 4.23 Billion in 2018

The world market for X-ray systems will grow from USD 3.6 billion to 4.23 billion in 2018, according to a report by healthcare market research publisher Kalorama Information (New York, NY, USA). There are a number of issues that are motivating the need for medical imaging systems. But a key driver is the aging population; other trends include technology and a desire for healthcare cost control.

An aging population means more surgeries, chronic conditions, and injuries requiring imaging for diagnosis. X-ray markets in North America and Europe will continue to be dominant in terms of market share. But there will be growth opportunities in the Brazil, Russia, India, and China (BRIC) nations. Under-tapped Asian markets will offer new opportunities for market growth. Worldwide, growth can be attributed specifically in developing countries, to improving health care infrastructure and an increased demand for systems as regions become developed with new technology. In China, a significant driver of market growth is the country's drive for health care reform, which seeks to develop more market incentives for advances in health care technology, set in a backdrop of greater public-sector spending on hospitals, and the growth of private health care institutions.

Kalorama's research analyst Joe Constance described Europe as a potential trouble area for manufacturers. "While there always is a market for replacement systems, the European economic slowdown has made it difficult for hospitals to [purchase] new imaging systems. "With their budgets cut but with an increasing number of procedures, health care institutions must spend less on new modalities and instead focus on purchasing refurbished imaging systems."

Kalorama's report contains forecasts based on an examination of current market conditions and on investigations into the development of new products by key companies. The market data are generated into multiple year forecasts, based on interviews with executives in the field and analyses.

Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services.

Related Links:
Kalorama Information