Any hospital that wishes to remain competitive needs to invest in new 2-D x-ray equipment. As patients become more conscious of the risks associated with radiation doses. They increasingly demand the lowest dose available and will shop around until they find a hospital that suits their needs. Clinicians and providers are the same way. Worldwide digital X-ray applications are implemented with different technologies. Portability has become a major market factor. Products are customized to fit the needs of the clinician end user.
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Price and geography play a major part in the market. They are positioned in the market by application. Growth is anticipated based on technological advances, government investment, aging population, increase in disease prevalence, and the increasing competition from larger numbers of systems being approved. X-Ray technology is far less expensive and results in as much as 400 times less dosage to the patient than a CT scan. As hospital budgets remain constrained, hospital administrators prefer the workflow improvements brought by modern digital x-ray equipment. The high capital cost of MRI and CT scans work against further investment in those technologies.
There is a significant installed base, the large capital outlays for MRI and CT have been made, so now the issue becomes efficacy and radiation dose to the patient. Imaging equipment investment works in favor of modern digital x-ray equipment that offers significant workflow improvements and significantly more clear images. Maximizing patient care by lowering the radiation dose and minimizing cost-of-ownership in working in favor of further investment in x-ray equipment. By improving workflow, modern digital x-ray systems improve the quality of care delivery. Many studies show that the CT equipment and MRI equipment is over used. Insurers are beginning to clamp down on this further driving investment in X-Ray equipment. There is a rising prevalence of X-ray equipment target diseases This is directly attributable to the aging of the population. Mobile equipment is able to improve workflow and decrease the waste in healthcare delivery.
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Continuous advances in technology are driving the growth of the digital X-ray market. Innovative devices are based on software and new materials. There is an uptick in procedures for an aging and increasingly unhealthy population. This is coupled with an increasing demand for minimally invasive surgery, spurring adoption of diagnostic systems. The market for diagnostic imaging and informatics is changing as pathology and point of care diagnostics provide far more insight into patient condition than has been able previously. Vendors position in the xray market by combining a unique portfolio to create complete and integrated solutions for definitive diagnosis. Improvements in diagnostics achieved with new x-ray technology are anticipated to have huge impact on healthcare quality and cost. Vendors are positioned to create a stronger competitive position for their care services delivery clients.
According to Susan Eustis, lead author of the WinterGreen Research team that prepared the study, 2D imaging devices include those used in cardiac x-ray, cath lab, angioplasty, mammogram, general radiology, portable x-ray, surgical c-arm, fluoroscopy suites X-ray equipment by sectors. Mammography and interventional radiology are among the growth segments in the market. Portable devices are gaining favor in many clinical areas.Consideration of the 2-D X-Ray market forecasts indicates that markets at $5 billion in 2014 will reach $16.9 billion by 2021.
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Growth comes as the aging of the population increases demand for diagnostic and therapeutic equipment, as the major underdeveloped regions, particularly China build out improved health care facilities, and as improved diagnostics and therapeutics available from the 2-D x-ray equipment create increased demand from clinicians for modern equipment. WinterGreen Research is an independent research organization funded by the sale of market research studies all over the world and by the implementation of ROI models that are used to calculate the total cost of ownership of equipment, services, and software. The company has 35 distributors worldwide, including Global Information Info Shop, Market Research.com, Research and Markets, electronics.ca, Bloomberg, and Thompson Financial.
WinterGreen Research is positioned to help customers facing challenges that define the modern enterprises. The increasingly global nature of science, technology and engineering is a reflection of the implementation of the globally integrated enterprise. Customers trust wintergreen research to work alongside them to ensure the success of the participation in a particular market segment. WinterGreen Research supports various market segment programs; provides trusted technical services to the marketing departments. It carries out accurate market share and forecast analysis services for a range of commercial and government customers globally. These are all vital market research support solutions requiring trust and integrity.
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