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Global x-ray systems market to reach $4.8bn by 2016: Report

The global x-ray systems market is estimated to reach $4.8bn by 2016 with a Compound Annual Growth Rate (CAGR) of 4% from 2009 to 2016, according to a new report by Research and Markets.

The market is expected to be fueled by digitalisation of existing analog x-ray systems, demand for new digital x-ray systems in developing countries, aging population, and increased expenditure on healthcare infrastructure in emerging countries.

The US represents the biggest market for x-ray systems, which had contributed 28% towards to the global market in 2009, however, the contribution is expected to decrease to 25% by 2016.

The US x-ray systems market was valued at $860m in 2009 and is predicted to grow at a CAGR of 3% to reach $1bn in 2016.