X-ray Market Projected to Gain Significant Value by 2027

X-ray Market: Introduction According to the report, the global X-ray market was valued at ~US$ 10.8 Bn in 2018 and is projected to expand at a CAGR of 5.5% from 2019 to 2027. Different types of X-ray devices are available in the market such as stationary/fixed and portable. These diagnostic X-ray devices can be used for various applications, including cardiovascular, respiratory, dental, and mammography. Rise in prevalence of chronic diseases across the world and rapidly aging global population with augmented healthcare needs boost market growth. North America dominated the global X-ray market in 2018 and the trend is anticipated to continue during the forecast period. High awareness about medical imaging devices, financial capability to purchase expensive machines, rise in demand for technologically advanced & innovative products in hospitals, diagnostic laboratories, and outpatient ambulatory surgery centers; and high infrastructure investment supporting healthcare facilities boost the growth of the market in the region. Asia Pacific is likely to be a highly lucrative market for X-ray during the forecast period. Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=194 Increase in Aging Population with High Healthcare Needs and Commercialization of Technologically Advanced X-ray Systems to Drive Market Most developed countries have a high geriatric population. It has also been estimated that around 82% of the people who succumb to a coronary artery disease are aged 65 years and above. According to WHO estimates, the geriatric population would increase at a rapid pace in developed countries such as the U.S., the U.K., and Japan. Access to various diagnostic and treatment services has improved due to favorable health care policies and advancements in healthcare facilities in countries such as the U.S., Japan, the U.K. and other countries in Western Europe. This in turn has increased life expectancy of the population. Brazil, China, Thailand, and South Korea are expected to have a large geriatric population in the shortest span of time. Aged individuals are more prone to diseases and disorders; hence, have high healthcare requirements. Aged individuals would increase the patient pool in these countries, which in turn is likely to boost the growth of the X-ray market in Asia Pacific in the next few years. Recent introduction of advanced, highly portable digital X-ray systems have resulted in an increased demand globally. Moreover, demand for bedside imaging and diagnostics, home healthcare, and minimally invasive solutions is rising across the globe. New X-ray technology produces striking 3D images in full color. Various new and technologically advanced X-ray systems have been introduced by major manufacturers operating in this market. Stationary/Fixed Products to Dominate Market Based on product type, the global X-ray market has been bifurcated into stationary/fixed and portable. The portable segment has been split into mobile and handheld. The stationary/fixed segment dominated the global X-ray market in 2018. However, the portable segment is expected to expand at the highest CAGR from 2019 to 2027. Advent of wireless and low-power consuming portable X-ray technologies, which are leading to innovation and development of advanced portable X-ray, fuels the growth of the

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