The latest Industryinformation published by Credence Research, Inc. “Global X-ray Equipment Industry- Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022,” the x-ray equipment Industrywas 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.
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 Industrydue to key Industrydriving 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.
Browse the full report X-ray Equipment Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 report at http://www.credenceresearch.com/report/x-ray-equipment-market
The Industryexperts suggest that, the opportunities observed in x-ray Industryare need of improved diagnosis for aging population, and rising public awareness associated with early disease diagnosis. However, a few Industrychallenges such as achieving competitive advantage in such a mature Industryare difficult for new Industryplayers 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 Industryduring the forecast period 2016 – 2022.
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Industry Competition Assessment:
The key Industryleaders in x-ray equipment Industryare GE Healthcare, Philips and Siemens. However, globally the x-ray equipment Industrycomprises approximately 40 notable players. Shimazdu Corporation is an Asia-based manufacturer that holds a significant Industryposition in the X-ray devices Industryin 2015, due to increased adoption of their manual and motorized mobile X-ray systems. Other players involved in the x-ray equipment Industryare 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 Industrythroughout the forecast period.
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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