Market outlook of the digital X-ray system market in the US
A digital X-ray system is an example of a non-invasive medical imaging technique that helps in the diagnosis and treatment of medical conditions. The market for digital X-ray systems in the US is positively affected by the high incidence of chronic diseases in this region and is envisaged to show steady growth during the forecast period. Additionally, the recent increase in medical conditions like injuries and accidents is estimated to result in this market’s healthy CAGR of nearly 13% by 2019.
Technavio’s market research analyst has estimated eminent factors, such as the high incidence of chronic diseases, to drive market growth during the forecast period. The growing incidence of chronic diseases like neurodegenerative diseases, cardiovascular diseases, autoimmune diseases, and cancer is predicted to augment the demand for advanced diagnostic and treatments options. This increase in the incidence of chronic illnesses is expected to bolster the demand for digital X-ray systems, which in turn will propel market growth during the forecast period.
Segmentation by application and analysis of - mammography, fluoroscopy
The interventional X-ray segment is envisaged to be the largest market segment during the forecast period and is closely followed by the mammography segment. This sector involves surgical imaging and includes cardiac, vascular, and neuro procedures. The ability of this procedure to reduce risks and provide better results is estimated to account for its impressive market share of more than 35% by 2019.
This market study offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Interventional X-ray
- Mammography
- Fluoroscopy
- Dental X-ray
- General radiography
- Veterinary X-ray
- Mobile C-arm
Competitive landscape and key vendors - GE Healthcare, Philips Healthcare
This market is primarily dominated by large vendors and is characterized by intense competition between them. The acquisition of SMEs by large vendors is expected to intensify the level of competition in this market as it will enable the large vendors to expand their product portfolio and will also allow them to utilize the expertise of the local vendors.
Key vendors in this market are -
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
- Toshiba
Other prominent vendors mentioned in this market analysis are Agfa HealthCare, Carestream Health, Canon U.S.A, DEXIS, Gendex, FUJIFILM Holdings America, Hitachi Medical System America, Hologic, Konica Minolta, Medicatech USA, SAMSUNG, Shimadzu, Suni Medical Imaging, Swissray, and Varian Medical Systems.
Growth drivers, challenges, and upcoming trends – Digital X-ray system
Technavio market research analysts estimate upcoming trends like the rising adoption of wireless and mobile X-ray systems to rapidly gain popularity as they offer better services to consumers. These systems are fully automated and versatile, and offer advantages like freely positioned exposures, better image quality, better workflow management, and instant imaging. These advantages promote the adoption of wireless and mobile X-ray systems and results in its augmented market growth during the forecast period.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the digital X-ray system market in the US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the digital X-ray system market in the US?
- What are the key market trends impacting the growth of the digital X-ray system market in the US?
- What are the challenges to market growth?
- Who are the key vendors in the digital X-ray system market in the US?
- What are the market opportunities and threats faced by the vendors in the digital X-ray system market in the US?
- Trending factors influencing the market shares of the US?
- What are the key outcomes of the five forces analysis of the digital X-ray system market in the US?
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