Kalorama: X-Ray and Digital X-Ray Market Nears 8 Billion This Year
NEW YORK, Nov. 28, 2014 /PRNewswire/ -- The market for both conventional and digital x-ray systems is estimated to reach 7.9 billion dollars in 2014 according to Kalorama Information. The healthcare market research publisher said upgrades of existing equipment and growing incidence of disease are driving the market. The finding was made in Kalorama Information's X-Ray and Digital X-Ray: World Market Analysis.
Kalorama's X-Ray and Digital X-Ray: World Market Analysis can be obtained at: http://www.kaloramainformation.com/Ray-Digital-8507029/
The report says there are more than 240 million x-ray procedures performed annually at hospitals and in doctors' offices in the US. Growing incidences of chronic diseases are spurring the market. Kalorama says that Of all, the chest x-ray is performed most often, followed by abdomen, extremity and spinal scans. Kalorama does not include mammography or CT in this market estimate, as these are separate systems that use x-ray technology.
"Digital x-ray market is driven by growing incidences of diseases where x-ray is useful, and a need for higher patient throughput," said Joe Constance, Kalorama analyst and author for the report.
Analog film systems, which had a large market share until the mid-2000s, continue to be replaced by CR and digital radiography. These systems offer such advantages as low dosage, improved image quality, enhanced image storage, and immediate image analysis. The transition to PACS, other imaging modalities that lend themselves to PACS and networks, and the evolution of telemedicine has facilitated the transition from film-based modalities. Hospitals and imaging centers are using the latest technology to optimize patient services, becoming more patient-friendly Image detectors technologies, including flat panel detectors, are being used to retrofit the existing film x-ray systems into CR and DR.
"Retrofitting is helping to drive the digital portion of the market," Constance said. "And the need to store images digitally."
As in the US, the digital x-ray market segment has overtaken film x-ray systems in terms of system revenue. Much digital growth has been fueled by a transition by many to the less expensive CR – the technology of making x-ray images with conventional x-ray equipment but in which the images are captured on reusable photostimulable phosphor plates, instead of single-use x-ray film. These CR systems are less expensive than direct radiography systems.
Some markets will decline within the sector. The market for medical x-ray film is continuing to decline. It is expected to be off about 4% annually worldwide, although the rate of decline will be greater in developed nations where digital technology has made greater inroads. The use of film will not be completely eliminated by digital technology. There are some specialties, such as orthopedics, that like to work with film. Film also is used in low-volume and some mobile applications. And there are many underdeveloped countries in which institutions do not have the finances needed to convert to digital.
Kalorama's X-Ray and Digital X-Ray: World Market Analysis contains a geographic breakout of the market, market share and trend analysis. The report can be obtained at: http://www.kaloramainformation.com/Ray-Digital-8507029/.
About Kalorama Information -- Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.
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