Research Shows X-Ray Market Value Set to Triple By 2021

Written by Ronny Bachrach on March 9, 2015. Posted in Digital Radiography and PACS, DR Systems, Hardware

Medical imaging technology has played a pivotal role in the health care industry, allowing doctors to swiftly diagnose injuries and conditions. These devices lead to faster treatment pathways and ensure that patients are prescribed appropriate therapies.

X-rays have continued to evolve and spread throughout the industry, and a recent research report indicated that the global market for this modality could experience significant growth over the next six years.

Reaching far beyond expectations
AuntMinnie.com explained that an aging population and the rising demand for diagnostic imaging equipment will contribute to the expansion of the global 2-D X-ray market. The insights come from Life Science Industry Research, which predicts that the modality’s worth will grow from $5 billion in 2014 to almost $17 billion by 2021.

A majority of the estimated growth is attributed to technological advances, federal investments, rising disease prevalence and increasing competition from vendors getting their systems approved by the U.S. Food and Drug Administration. These factors are expected to fuel the progression of the global X-ray market in the coming years. In addition, the report revealed that more underdeveloped regions of the world, including China, continue to look for this technology as their care facilities improve and expand.

The projected market growth underscores the benefits of X-ray technology and the advantages it brings to digital imaging and other clinical specialties.

Finding new avenues for diagnoses
According to BBC News, researchers from Palo Alto, California, have developed a new X-ray method that uses the most powerful laser in the world to capture chemical reactions in real time. The Linac Coherent Light Source measures how atoms and molecules move within living organisms and is a billion times brighter than previous generations of lasers.

The team, led by Mike Dunne, Ph.D., created the modality to fire X-ray pulses that carry as much power as the national grid of a large country, with more than 100 being produced every second. It was developed by Dunne and his colleagues at the SLAC National Accelerator Laboratory in Menlo Park. The platform was adapted from a particle collider, but rather than smash atoms, it allows scientists to track chemical reactions as they occur in living systems.

“To actually image these things in real time with the brightness and the fastness that LCLS has will be really special, so we can film them and see them instead of just looking at evidence for these kind of things,” co-researcher Meng Liang, M.D., told BBC.

Innovative advancements like the LCLS highlight the benefits that X-ray equipment has brought to every corner of the health care industry.

Contact Viztek for more information.

Ronny Bachrach

Ronny Bachrach

Marketing Director at Viztek LLC
Responsible for all marketing activities including, press, advertising, trade show coordination, website management, dealer and customer communications.
Ronny Bachrach
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