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Global 2D X-Ray Equipment Market to Tap Into Replacement of Old X-ray Equipment - By MRRSE

Global Market for 2D X-ray equipment was worth US$5 billion in 2014 and is expected to grow to more than triple this amount. By the end of 2021, the market will reach a total value of US$16.9 billion.

Albany, NY, June 05, 2015 --( Market Research Reports Search Engine (MRRSE) has announced the addition of the report “2D X-Ray Equipment: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021.” According to this report, the global market for 2D X-ray equipment was worth US$5 billion in 2014 and is expected to grow to more than triple this amount. By the end of 2021, the market will reach a total value of US$16.9 billion.

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Continuous advancement in technology is the primary reason behind the growth of the digital X-ray market. Innovative equipment features the latest software and new materials. Furthermore, there is an uptrend in medical procedures for an increasing geriatric and unhealthy population. Another market force shaping the global 2D X-ray equipment market dynamics is the accelerating demand for minimally invasive surgeries, which in turn is fueling the adoption of diagnostic systems. Moreover, mobile equipment such as 2D X-ray systems can improve workflow and reduce wastage in healthcare delivery process.

2D X-ray equipment technology is cheaper than a CT scan and the dosage is only around one hundredth of the latter. These two elements have boosted the preference for 2D X-ray equipment among consumers. However, it is not only patient preference that is driving the global 2D X-ray equipment market. Enhanced level of diagnostics and therapeutics associated with 2D X-ray equipment has fueled demand from clinicians as well.

Since the X-ray market has become saturated, technological innovation will breathe new life into this market, by forcing every healthcare facility to upgrade its X-ray equipment with the latest, digital versions. As hospitals must remain competitive, they will have to invest in new 2D X-ray equipment.

On the basis of use, this WinterGreen Research report segments the market into X-ray, mammogram, cath lab, general radiology, angioplasty, surgical c-arm, portable X-ray, and fluoroscopy suites X-ray equipment. The application segments of interventional radiology and mammography are expected to demonstrate promising growth in the foreseeable future. Additionally, the product segment of portable devices will demonstrate decent growth in the global 2D X-ray equipment market during the forecast horizon.

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The market leaders in the global 2D X-ray equipment market are Siemens, Philips Healthcare, Canon, Shimadzu, GE Healthcare, Varian, AGFA, Hitachi Medical, Toshiba Medical Systems, Hologic, China Resources, FujiMedical Systems, and Onex. The competition among these players is based on technological advances, quality, and support from the government. Furthermore, pricing and positioning of the product in the market according to its application will also drive the competition in this industry.

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