Global 2-D X-Ray Market is Expected to Reach $16.9 Billion by 2021

Date: 2015-09-15

Worldwide 2-D X-Ray equipment markets are increasingly diversified, poised to achieve significant growth as new technology breathes new life into a saturated market, forcing every facility to upgrade its existing x-ray equipment to have digital and therapeutic capability. 

Any hospital that wishes to remain competitive needs to invest in new 2-D x-ray equipment. As patients become more conscious of the risks associated with radiation doses. They increasingly demand the lowest dose available and will shop around until they find a hospital that suits their needs. Clinicians and providers are the same way. 

As hospital budgets remain constrained, hospital administrators prefer the workflow improvements brought by modern digital x-ray equipment. The high capital cost of MRI and CT scans work against further investment in those technologies. There is a significant installed base, the large capital outlays for MRI and CT have been made, so now the issue becomes efficacy and radiation dose to the patient. Imaging equipment investment works in favor of modern digital x-ray equipment that offers significant workflow improvements and significantly more clear images.

Continuous advances in technology are driving the growth of the digital X-ray market. Innovative devices are based on software and new materials. There is an uptick in procedures for an aging and increasingly unhealthy population. This is coupled with an increasing demand for minimally invasive surgery, spurring adoption of diagnostic systems. 

The market for diagnostic imaging and informatics is changing as pathology and point of care diagnostics provide far more insight into patient condition than has been able previously. Vendors position in the x-ray market by combining a unique portfolio to create complete and integrated solutions for definitive diagnosis. 

Consideration of the 2-D X-Ray market forecasts indicates that markets at $5 billion in 2014 will reach $16.9 billion by 2021. Growth comes as the aging of the population increases demand for diagnostic and therapeutic equipment, as the major underdeveloped regions, particularly China build out improved health care facilities, and as improved diagnostics and therapeutics available from the 2-D x-ray equipment create increased demand from clinicians for modern equipment. 

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