The Global Market for X-ray Films, Chemicals, and Processors is Projected to Reach US$5.6 Billion by 2020

Demand for Cost-Effective Analog X-ray Systems in Developing Nations Sustains the X-Ray Films, Chemicals, & Processors Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global X-Ray Films, Chemicals, and Processors market. The global market for X-ray Films, Chemicals, and Processors is projected to reach US$5.6 billion by 2020, driven by their traditional use in analog radiography and mammography applications in emerging countries.

X-ray films, chemicals, and processors represent an integral part of the medical imaging industry. However, analog X-ray systems have been witnessing a transition to Digital Radiography (DR). Apart from the benefits of low radiation dosage, better image quality, and enhanced storage, DR also enables immediate image analysis, which is crucial for timely diagnosis and treatment. The growing incidence of disease and demand for faster diagnosis are compelling hospitals to switch to film-less X-rays from film-based X-rays. Developments in Picture Archive and Communication Systems (PACS) which has the capability to manage and communicate vast patient medical image records electronically, are additionally driving analog X-ray into obsolesce. However, the transition to digital technology is a cost-intensive process, and is challenged by budgetary constraints especially in price-sensitive markets of Asia Pacific and Latin America. In these markets, analog X-ray films and accessories continue to be stable. Traditional X-rays remain the major medical imaging modality in heavily populated markets of Asia. Further, the continued use in traditional radiography applications in the region is expected to sustain market growth.

As stated by the new market research report on X-Ray Films, Chemicals, and Processors, the United States represents the largest market worldwide. However, the market is mature and projected to decline over the analysis period as a result of the shift towards digitalization. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 3% over the analysis period. Latin America represents the second fastest growing market for X-ray films, chemicals & processors. Analog X-ray films and accessories will continue to witness growth in price-competitive markets of Asia-Pacific and Latin America, where digitalization is yet incomplete. The major factor driving the Chinese analog X-ray market is the healthcare reform of 2009 that focuses on universal healthcare. Analog X-ray devices and accessories, being much cheaper than their digital counterparts, provide a better way to serve densely populated rural Chinese areas.

Major players covered in the report include Agfa-Gevaert N.V., Carestream Health Inc., Codonics Inc., China Lucky Film Corp., Konica Minolta Medical Imaging USA Inc., and PROTEC GmbH & Co.KG, among others.

The research report titled “X-Ray Films, Chemicals and Processors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market trends, market issues, growth drivers, and strategic industry activity of global companies.  The report provides market estimates and projections in US$ thousands for major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), The Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Product Segments Analyzed in the study include Medical X-ray Films, Medical X-ray Chemicals, Dental X-ray Films, Dental X-ray Chemicals, X-ray film Processors and Laser Imager Films

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