X-ray is one of the diagnostic imaging techniques through which images of the internal structures of a human body especially bones is obtained. It facilitates early diagnosis of diseases. X-ray has the largest market share among the key equipment of diagnostic imaging market, which includes CT, MRI, Ultrasound and Nuclear Imaging. The global X-ray market is expected to grow at a CAGR of 3.5% from 2012 to 2017. The increase in aging population and rise in patients with chronic diseases are driving the X-ray market.
The X-ray market is segmented into General X-ray and Cardiovascular X-ray market. The General X-ray market was 2.6 times the Cardiovascular X-ray market in 2011. The General X-ray market will grow at 3.5% from 2012 to 2017 whereas Cardiovascular X-ray market is estimated to grow at a CAGR of 3.7% during the same period. General X-ray has the advantage of low cost and high operational ease over Cardiovascular X-ray, which supports the General X-ray market accounting for the largest chunk in the Global X-ray market.
The X-ray market is expected to reach USD 9,059.5 in 2017 at an estimated CAGR of 3.5% from 2012-2017. The Americas have the largest share in the X-ray market accounting for around 2/5th of the global market revenue in 2011 as a result of technological developments in X-ray such as digital mammography and rise in the number of patients with chronic diseases. Europe is the second largest shareholder in the X-ray market. However, the growth rate in Asia and RoW is high on account of emerging advanced healthcare centers and rise in awareness regarding early diagnosis of diseases.
This report analyzes the global X-ray market and its sub-segments’ market trends are analyzed in 4 regions namely the Americas, Europe, APAC and RoW, which consists of the Middle East and Africa.
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