Market Definition: Global X-Ray Devices and Accessories Market
X ray is a type of electromagnetic radiation that can go through and penetrate structures within the body and they can generate images of these structures on photographic film or on a fluorescent screen. The digital images can be generated of every body organ. The most common use of X-rays in medical is to check for broken bones. X-rays are also commonly used to kill the cancer and diseased cells and to shrink tumour. They are also used as security measures, commonly in Airports and malls to scan baggage.
Global X-Ray Devices and Accessories Market is expected to rise from its initial estimated value of USD 8.98 billion in 2018 to an estimated value of USD 24.04 billion by 2026 registering a CAGR of 13.10% in the forecast period of 2019-2026.
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Key Market Competitors: Global X-Ray Devices and Accessories Market
Few of the major market competitors currently working in the X-Ray devices and accessories market are Koninklijke Philips N.V., Varian Medical Systems, Inc., FUJIFILM Holdings Corporation, CANON MEDICAL SYSTEMS CORPORATION, GENERAL ELECTRIC COMPANY, Shimadzu Analytical (India) Pvt. Ltd., Siemens Healthcare GmbH, Hitachi, Ltd., Agfa-Gevaert Group, Bennett Health Care Centre, MinXray Inc., Hologic, Inc., Carestream Health., KUB Technologies, Source-Ray, Inc, and KaVo Dental amongst others.
Segmentation: Global X-Ray Devices and Accessories Market
Handheld X-Ray Devices
Mobile X-Ray Devices
Digital Sensor Holders
Film and Phosphate Plate Holders
Film Processing Hangers
Computed Radiography (CR)
Digital Radiography (DR)
By End User
Ambulatory Surgical centers
Middle East and Africa
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Reasons to Purchase this Report
Current and future of global x-ray devices and accessories market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Novel technological advancements in the field of X-ray and their increased applicability in various fields
Increasing healthcare expenditure and increased health awareness amongst people
Growing incidents of chronic diseases such as cancer, orthopedic, diabetes etc, and the use of X-rays to kill the diseased cells
Rise in ageing population and disease prevalence.
The digital x-ray equipment market is also witnessing highly competitive scenario that has led to large number of improved digital x-ray equipment launches.
Digital x-ray equipment is less expensive yet more efficient than other radiography equipment.
Digital x-ray equipment provides quick healthcare delivery and improves workflow.
Stringent FDA regulations and authenticated guidelines
The high cost of portable X-ray devices.
The cost of routine check-up which includes X-ray imaging, comprehensive disease testing and blood testing are still very much costly in many countries and thus the X-rays are done mostly post-symptomatic incident.
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Key Developments in the Market:
In January 2018, Canon Inc. acquired the shares of Toshiba Medical Systems Corporation; Global supplier of Medical Imaging and made it its subsidiary. Toshiba Medical Systems has changed its name to Canon Medical Systems Corp. The business of this group is to expand globally, and Canon Group was chosen as the best bidder for acquiring of Toshiba Medical Systems.
In January 2018, Canon Medical Systems USA in partnership with Quality Electrodynamics (QED) has launched a Vantage Galan 3T MR system at the new QED Research Center in Ohio. This equipment was set up so QED could picture volunteers as the company works toward developing new MR technologies. This installation would revolutionize the medical device industry.
Competitive Analysis: Global X-Ray Devices and Accessories Market
The global x-ray devices and accessories market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of x-ray devices and accessories market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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