Published Date: 9-Mar-2021
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According to a new report Global X-Ray Systems Market, published by KBV research, The Global X-Ray Systems Market size is expected to reach $11.1 billion by 2026, rising at a market growth of 5.2% CAGR during the forecast period.
The Digital market dominated the Global X-Ray Systems Market by Type in 2019, growing at a CAGR of 5.6 % during the forecast period. The Analog market is expected to showcase a CAGR of 4.4% during (2020 - 2026). Analog systems are anticipated to be replaced by digital ones. It is because analog systems show various limitations like high radiation exposure, image noise, and imprecise results. However, demand for these x-ray units is massive in underdeveloped countries, where hospitals have restricted funds.
The Stationary Systems market dominated the Global X-Ray Systems Market by Mobility in 2019. The Mobile market is estimated to grow at a CAGR of 5.5% during (2020 - 2026). Portable systems show mobility which makes them more comfortable & flexible for utilization. As a result, portable systems are preferred over stationary systems. This segment would exhibit a promising growth rate during the forecast period.
The North America market dominated the Global X-Ray Systems Market by Region in 2019, growing at a CAGR of 5 % during the forecast period. The Europe market is experiencing a CAGR of 5.1% during (2020 - 2026). Additionally, The Asia Pacific market is showcasing a CAGR of 5.4% during the forecast period. Governments in emerging countries like India and China are expanding their focus on offering cost-efficient medical imaging solutions by deploying several new imaging technologies like teleradiology.
Factors like the growing geriatric population and increasing global disease burden are expected to support the growth of the global X-Ray Systems market in the next few years. Moreover, supportive regulations & government initiatives investments, the benefits of digital X-Ray Systems, and technological development and product advancement are expected to contribute to the market growth.
Full Report: https://www.kbvresearch.com/x-ray-systems-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Siemens AG, Hitachi, Ltd., Canon, Inc. (Canon Medical Systems Corporation), Fujifilm Holdings Corporation, Carestream Health, Inc., Shimadzu Corporation, Hologic, Inc., and Konica Minolta, Inc. (Konica Minolta Healthcare Americas, Inc.)
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