X-RAY EQUIPMENT MARKET ANALYSIS

Regional Analysis

North America is expected to dominate x-ray equipment market due to increasing problem of osteoporosis

North America is expected to hold a dominant position in the x-ray equipment market due to increasing prevalence of osteoporosis in the U.S. According to National Health and Nutrition Examination Survey (NHANES) 2017, fractures due to osteoporosis are a serious concern in the U.S., followed by bone deformity among the rapidly growing aging population, this in turn, is expected to create a lucrative environment for growth of the x-ray equipment market over forecast period. Asia Pacific is expected to be the second-largest market due to increasing prevalence of breast cancer, for instance, near to a quarter, i.e., 24% of all the breast cancers were diagnosed within the Asia-Pacific, i.e., around 404,000 cases at a rate of 30 per 100,000. China with the rae of 46%, Japan 14% and Indonesia 12%, Australia 86 per 100,000 and New Zealand 85 per 100,000 also had much higher incidence rates than any of the other major countries in Asia Pacific region. Other major factor causing increase in the X-Ray market are dental related ailments, and orthopedic diseases, which are more predominant in China and India.