Research and Markets: Global Digital X-ray Systems Market 2011-2015: The Global Digital X-Ray Systems Market to Grow At A CAGR Of 5.1 Percent over the Period 2011-2015
Research and Markets (http://www.researchandmarkets.com/research/w6ctg5/global_digital) has announced the addition of the "Global Digital X-ray Systems Market 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the increase in the aging population. The Global Digital X-ray Systems market has also been witnessing the increasing use of digital X-ray systems for a continuous monitoring process. However, intense competition among vendors could pose a challenge to the growth of this market.
Key vendors dominating this market space include Philips Healthcare, GE Healthcare Ltd., Siemens Healthcare, Shimadzu Corp., and Carestream Health Inc.
Other vendors mentioned in the report are Agfa Healthcare, Konica Minolta Holdings Inc., Canon U.S.A. Inc., Radlink Inc., Hologic Inc., Imaging Dynamics Company Ltd., Imix Adr Finland OY, Infimed Inc., Suni Medical Imaging Inc., Swissray International Inc., Varian Medical Systems Inc.
Commenting on the report, an analyst from TechNavio's Healthcare team said: ''Since the Medical Devices market in Europe presents several growth opportunities, different vendors in the market are increasingly forming strategic alliances and engaging in mergers and acquisitions to increase their market share. For instance, Philips Healthcare acquired the digital mammography business of Sectra AB in 2011. This is likely to strengthen the company's women's health portfolio.''
According to the report, the increase in the aging population will result in the increased use of digital X-ray systems for the primary and secondary diagnosis of various diseases, propelling the growth of the Global Digital X-ray Systems market. Moreover, the number of diagnostic procedures performed annually in the US and Europe is increasing because of the steady rise in the elderly population. Thus, the increase in the aging population will have a strong impact on the growth of the market.
Further, the report discusses that intense competition among vendors is a major challenge faced by the market, and it is expected to pose a strong challenge to market growth.
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