“The digital x-ray market is expected to reach USD 10.46 billion by 2020 from USD 6.15 billion in 2015, at a CAGR of 11.2%. The global digital x-ray market is segmented based on application, technology, portability, type of system, end-users, price, and regions. The general radiography segment is expected to register the highest growth rate in the digital x-ray market, by application, during the forecast period. The high growth in this segment is attributed to the increasing new product launches.
Based on end-users, the digital x-ray market is segmented into diagnostic centers and hospitals. The diagnostic centers segment is expected to account for the largest share of the market in 2015. Increasing prevalence of diseases and the need for diagnosis will drive the growth of this market.
Geographically, the digital x-ray market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Growth in the North American segment is primarily driven by increasing aging population, and technological advancements in the North American countries.
The major factors contributing to the growth of the digital x-ray market include increasing aging population and high incidences of diseases. Furthermore, increasing new product development activities by companies is another major factor driving the growth of this market.
For instance, in October 2015, Siemens Healthcare launched Multitom Rax, a twin robotic X-ray system. High growth potential in emerging markets has opened an array of opportunities for the digital x-ray market. However, factors such as complex regulatory procedures and high cost of digital x-ray is hampering the growth of the market to a certain extent.
Apart from comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios,...