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U.S. to Remain World’s Leading Diagnostic X-Ray Systems Market by 2020

August 4, 2014 By GlobalData

  • U.S. diagnostic X-ray systems market value to grow moderately to approximately $1.1 billion by 2020
  • ‘The majority of U.S. sales will be generated by timely replacements of X-ray systems,’ says analyst

The U.S. diagnostic X-ray systems market value will grow from $694 million in 2012 to approximately $1.1 billion by 2020, at a moderate Compound Annual Growth Rate (CAGR) of 6.1%, according to research and consulting firm GlobalData.

The company’s report states that the U.S. is the world’s largest market for diagnostic X-ray systems, accounting for 29.4% of global revenues in 2013. Despite the emergence of China, it will continue to hold the leading share, with 27.9% by 2020.

Niharika Midha, MSc, GlobalData’s Analyst covering Diagnostic Imaging, says: “As reimbursement for X-ray examinations currently incurs lower physician fees than computerized tomography and magnetic resonance imaging scans in the U.S., there is less financial incentive for physicians to perform X-ray exams.

“On the other hand, the implementation of healthcare reform means that cuts in reimbursement for the advanced imaging modalities could potentially have a positive impact on the use of X-ray procedures, and therefore on the sale of systems.”

The U.S. market will witness a trend of declining analog system sales and increasing revenue from digital X-ray equipment, which GlobalData attributes to high healthcare spending combined with the willingness to pay for more advanced machines.

Midha explains: “Unit sales of analog X-ray systems in the US will experience a noteworthy decline at a negative CAGR of 9%, while the market value of direct radiography systems will increase at a CAGR of 7% over the forecast period.

“As the majority of U.S. sales will be generated by timely replacements of X-ray systems, the improving economic climate will play a key role in accelerating market revenue growth.”

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