Technological advancements, government investments, and an aging population could power the global digital x-ray market to a value of $8.7 billion by 2018.
That forecast comes from research firm MarketsandMarkets, which predicted compound annual growth of 13% over the next four years. The firm also valued the worldwide market at $4.7 billion in 2013.
Chest imaging and dental imaging made up the largest portions of the global market last year, while mammography is expected to be the fastest-growing imaging segment. North America accounted for the largest share of the market in 2013.
The growing prevalence of diseases requiring diagnosis and an increase in the number of regulatory approvals are also expected to drive growth, along with the adoption and use of new and innovative digital x-ray devices.