News | April 21, 2008

X-Ray Films, Chemicals, Processors Market to Reach $5.9 Billion by 2010

April 22, 2008 – Despite the growing popularity of digital technologies, X-ray films continue to record growth derived from traditional use in general radiography and mammography applications, according to a new report by Global Industry Analysts Inc.

Overall market for X-ray films, chemicals and processors is projected to reach $5.9 billion by 2010.

X-ray films represent an integral part of medical products industry, said the company. The segment is fast becoming archaic in several medical applications due to the adoption of newer technologies. Improvements in computer technology, particularly in image and data display, networking, processing and storage capacity are other factors influencing the market. Picture Archive and Communication System (PACS) is one such technology that shows potential to offer vast benefits to both clinicians and patients. In course of time, digital mammography might even replace the conventional X-ray film for women. However, the transition from traditional film to digital is constrained by cost factor.

U.S., Europe and Japan account for more than 75 percent of the global X-Ray films, chemicals and processors market, according to Global Industry Analysts. Asia-Pacific, one of the fastest growing X-rays, chemicals and processors markets, is expected to register a CAGR of 3.7 percent over the period 2000-2010. Laser Imager Films market in the region is estimated at $185 million for 2008.

Sales of X-ray films have become a major issue for contract portfolios, particularly for crucial group purchasing organizations in the U.S. The market is influenced by several factors, primarily, centralization of healthcare business. U.S. represents the largest market for X-rays, chemicals and processors. Medical X-ray films market in the region is projected to decline by 2010 from an estimated $1.3 billion for 2008.

For more information: www.StrategyR.com

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