Global x-ray market to exceed $4.5B by 2016

AuntMinnie.com staff writers

Feb 3, 2011

The global x-ray systems market is expected to reach $4.8 billion by 2016, according to a new report published by market research firm Research and Markets of Dublin.

Driving the market will be the digitization of existing analog x-ray systems and the demand for new digital x-ray systems in developing countries, as well as increased use of portable and mobile digital x-ray systems in veterinary practice and remote healthcare centers.

The U.S. is the biggest market for x-ray systems, according to the report, contributing 28% toward the global market in 2009; however, the U.S.'s contribution will decrease to 25% by 2016. The U.S. x-ray systems market was valued at $860 million in 2009 and is forecast to reach $1 billion by 2016.

Outside the U.S., countries with emerging economies contributed 72% to the global market in 2009. Their contribution is expected to increase to 75% by 2016, according to the report.

Copyright © 2011 AuntMinnie.com

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