Global Digital Radiology Market Will Reach USD 13.3 Billion in 2018: Transparency Market Research

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According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) “Digital Radiology Market – Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 – 2018,” the global radiology systems market is estimated at USD 9.7 billion in 2012 and expected to reach USD 13.3 billion by 2018 at a CAGR of 5.4% from 2012 to 2018. Globally, the North America region is expected to maintain its lead position in terms of revenue till 2018. North America holds about 41.9% of the global digital radiology market revenue share in 2012 followed by Europe. In terms of volume, the global digital radiology market is expected to reach 158.2 thousand units by 2018.

 

Browse the full report at http://www.transparencymarketresearch.com/globa-digital-radiology-market.html

 

Radiology departments across the globe face issues of storing, archiving and retrieving large volume of images and data with traditional films. Moreover, with increasing adoption of telemedicine and medical telemetry, faster and secure transmission of such data is crucial. In addition, modern diagnostic equipments and scanners are producing very large volume of data, which requires better data management systems. This initiated the gradual shift of radiology departments across the globe from film-based to digital radiology systems. Eventually digital radiology became an integral component of workflow optimization strategy of radiology departments.Transparency Market Research

 

The several benefits that are compelling the improved adoption of digital radiology worldwide are – superior and accurate image capture, reduced radiation exposure for patients and workers, flexibility in image management, improved patient throughputs, and superior evaluation of data and images. Increasing research and development activities in the field have given rise to newer, more compact and powerful equipments, which have provided additional growth to the industry. Strong market competition is resulting in annual 4-7% price erosion. This has made the devices become affordable and enhanced the market penetration. Increased application areas such as minimally invasive procedures, pain management, orthopedics, neurovascular and others have increased the market adoption.

 

Initial installation cost and cost outlay is very high for digital radiography setups. The average cost of devices is above USD 50,000 which is limiting its adoption by small clinics and outpatient diagnostic centers. Serious concerns have been raised by healthcare professionals due to the radiation exposure caused to patients during radiological examination. Future, the market is expected to be inclined towards a safer device which can produce enhanced image quality with minimum use of radiation. Quality of image is determined by the number of pixels – higher the pixels, higher will be the quality. But high numbers of pixels also causes high noise which is a technological restraint.

The digital radiology devices market is extremely competitive with a close gap between Siemens Healthcare, GE Healthcare, Philips Healthcare, Canon Medical, Konica Minolta and Fujifilm. Siemens Healthcare is the market leader with about 12.9% revenue share in 2012.

This report is an effort to identify factors, which will be the driving force behind the digital radiology market and sub-markets in the next few years. The report provides extensive analysis of the digital radiology industry, current market trends, industry drivers and challenges for better understanding of the digital radiology market status. The report has segregated the digital radiology industry in terms of product, and geography. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the global digital radiology market as below:

 

  • Digital Radiology Category
    • Digital Detectors Devices
    • Portable Radiography System
    • Mobile C-Arm

 

In addition the report provides a cross-sectional analysis of all the above segments with respect to the following geographical markets:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
  • Middle East and Africa

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Related Report:

Biopsy Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018

http://www.transparencymarketresearch.com/biopsy-devices-market.html

The process of performing a histological analysis on any targeted tissue, for diagnostic purposes is referred to as a “biopsy”. Biopsy helps in the determination of aetiology, presence and extent of a disease.

Biopsy procedures are minimally invasive in nature. This acts as a growth driver for the market, as these procedures significantly reduce patient recovery time, have fewer complications associated with them and are cost effective. Some of the other growth drivers for the market are increasing customer awareness levels encouraging them to go for regular breast, prostate and cervical examinations, global aging population inducing inflammatory diseases and cancer and the shift in the preference of medical practitioners from using reusable biopsy devices to using disposable devices.  Economic development in the Asia-Pacific region and technological improvements aiding in the invention of new products are some of the factors that will ensure future sustainability of the market.

There are five major biopsy procedure types namely fine needle aspiration biopsy, stereotactic core needle biopsy, vacuum assisted core biopsy and surgical biopsy. These biopsy procedures include the use of biopsy needles. However, the needles vary in dimensions for each procedure type, like for an instance the needle used in a fine needle aspiration biopsy is thinner than the one used in a core needle biopsy procedure. The biopsy procedures are performed using the help of image guidance technologies such as magnetic resonance imaging (MRI), ultrasound and mammography.

The market is segmented on the basis of applications into brain biopsy devices, lung biopsy devices, bone biopsy devices, breast biopsy devices, kidney biopsy devices, liver biopsy devices, prostate and bladder biopsy devices and gynecological biopsy devices market. The North American, European, Asia-Pacific and the rest of the world regions, together constitute the market segmentation on the basis of geography.

Some of the major market players in the biopsy device market include Bard Biopsy Systems, CareFusion Corporation, Hologic Inc., Devicor Medical Products Inc., Cardinal Health Inc., Ethicon Endo-Surgery Inc.

 

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Nitin Sirsat
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Author: Nitin @ Nitin

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