U.S. x-ray market could top $1B by 2020

The U.S. diagnostic x-ray market could reach a value of approximately $1.1 billion by 2020, according to a report from market research firm GlobalData.

The company estimated that the U.S. diagnostic x-ray market was worth $694 million in 2012, resulting in a compound annual growth rate of 6.1% through 2020.

The U.S. remains the world's largest market for diagnostic x-ray systems, accounting for 29.4% of global revenues in 2013, according to the report. Despite the growth of the x-ray market in China, the U.S. will continue to hold the leading share, with 28% by 2020.

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