The global radiography market was valued at USD 17 billion in 2016 and is expected to surpass USD 22 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global radiography market, under its computing devices portfolio. This market analysis discusses the major drivers and key emerging trends and offers a competitive analysis of key vendors like Carestream Health, Fujifilm Medical Systems, 3DX-RAY, and ANRITSU INFIVIS.
According to Chetan Mohan, a lead analyst for computing devices research at Technavio, “The upgradation of analog X-ray systems to digital X-ray systems to drive growth in the global radiography market. The radiography market is witnessing an increase in the number of users that want to migrate from the use of analog X-ray systems to digital X-ray systems.”
The shift is due to the flexibility of digital X-ray systems and an increasing number of applications. Digital X-ray systems offer amplified throughput, faster scanning, multiple storage options, and better image quality. They eliminate the need for chemical processing of films. End-users can generate 3D images using these systems, and slice the images to analyze objects better.
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Rising demand for portable radiography equipment
Automated portable x-ray machine is more versatile and has generated a considerable amount of interest among end-users. There is an increased need for the development of miniaturized and portable testing equipment because most of the inspection is carried out in different locations. Moreover, these devices are portable and do not need to be installed, thus eliminating installation costs. These devices are highly suitable for oil rigs and are used for testing in locations with low accessibility. Portable, compact, and lightweight radiography equipment does not affect the testing process and ensures the smooth inspection of the entire rig.
Customization of radiography equipment
Market vendors are modifying testing equipment based on clients’ manufacturing processes. They offer separate equipment for tube or bar manufacturing and rolling processes for plate manufacturing. Customized equipment is mainly used in production lines for testing products across end-user segments. During the forecast period, the customization of radiography equipment can act as a growth driver if vendors manage to meet specific customer requirements efficiently. Vendors need to understand both the customers’ needs and consider their business requirements before manufacturing a product.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Radiography Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Radiography Equipment Market 2016-2020
- Global Radiation Detection Products Market 2016-2020
- Global Ultrasonic NDT Equipment Market 2016-2020
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