Global Medical X-Ray Devices Market is Forecast to Reach US$ 10,334.8 Million by 2019; CAGR of 4.4% from 2015 to 2019

SA-BRC announces the release of its report on "Global Medical X-Ray Devices Market Assessment & Forecast: 2015-2019". The computed radiography was the largest market by value in 2014 pegged at generating annual sales of US$ 3,163.6 million that represented 38.0% of the total market. End Quote

Asia-Pacific and Middle-East are expected to be the fastest growing markets with growth rates of 5.8% and 6.0% between the years 2015 and 2019.

(1888PressRelease) July 06, 2015 - This study reports analysis on x-ray devices market trends across 6 regions of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. Emerging and high growth markets such as China, Brazil, India, Eastern Europe, Middle-East and Latin America will offer opportunities for the X-ray devices market in the near future owing to establishment of new healthcare facilities and growing infrastructure investment. High growth is visible in the diagnostics industry in countries such as India, Thailand, China, Middle-East, Israel, South Africa and Brazil. Brazil's private healthcare sector is booming and large investment in infrastructure has been evident in recent years. Due to this sale of medical equipment has been increasing as well adding to an overall growth of the healthcare sector in the region.

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The demand for X-ray devices is increasing due to a global rise in prevalence of chronic cardiovascular diseases, diabetes and dental along with several others such as veterinary medicine. It is also being driven by a constant rise in trauma accidents thus creating a greater demand from core applications such as orthopedics. There is also a rise of demand from emerging applications such as ambulatory and point of care diagnostics which require the use of mobile and hand-held X-ray devices. High resolution small imaging systems have emerged as important tools for research in tumor identification in cancer research. The ease of non-invasive diagnostic screening has driven the growth of the X-ray devices across all regions of the world.

North America held the highest share in the global X-ray devices market with 31.8% in 2014 and is expected to continue leading till 2019 closely followed by Asia-Pacific by the end of the forecast period. This study also reports volume analysis for number of x-ray units forecast to be sold across the six geographies till 2019. Pricing of x-ray devices has been analyzed by contacting several distributors in major countries across the world.

Asia-Pacific has been estimated to exceed Europe in the market for X-ray devices with significant demand for new devices occurring due to a strong economy and increased investment in healthcare facilities by government and private players. Urbanization, increased strength of economy, greater per-capita income and increased medical tourism in the region particularly for orthopedics, cardiology and dental procedures has increased the purchase capacity of hospitals in the region for all imaging technologies. The middle-east region comprises Arab countries such as Saudi Arabia, Qatar, Oman, United Arab Emirates and non-Arab countries such as Iran, Iraq, Turkey, Israel and Jordan. While GE has concentrated its focus on Brazil, other players such as Siemens and Shimadzu have increased efforts in Middle-East and Africa, where it is estimated to have the largest market share according to the company sources.

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