SANTA CLARA, Calif., Nov. 6, 2017 /PRNewswire/ -- The global interventional X-ray (IXR) equipment market is experiencing
The market demand will be augmented by system replacements, embracement of multi-functional applications in hospital segments, and market shift from interventional applications to comprehensive image-guided therapy (IGT) portfolios. To ensure an expansion in a mature, cost-competitive and capital-constrained environment, companies should adopt product differentiation, technology innovation, and value-based pricing strategies.
Frost & Sullivan's research, Global Interventional X-ray Market, Forecast to 2021, finds that the market will grow at a compound annual growth rate (CAGR) of 3.5 percent between 2016 and 2021 to reach an estimated market value of $3.12 billion by 2021. The analysis highlights industry challenges, drivers, restraints, forecasts, clinical applications and technology trends across key segments, with an emphasis on significant industry participants and their product lines.
To access more information on this analysis, please click here.
"As interventional radiology and cardiology converge, bi-plane systems used in cardiology, oncology, and neuro-radiology are expected to be the best-performing sub-segment of the segment, owing to a renewed business interest for new, full-fledged solutions replacing existing IXR systems," stated Transformational Health Senior Analyst Poornima Srinivasan.
Further developments and trends propelling growth include:
"On the flip side, reduced vendor margins due to fragmentation, lack of a skilled workforce in new clinical specialities, budget constraints, price erosions, and commoditization of technology are factors hindering market adoption and growth," noted Srinivasan.
Global Interventional X-Ray Market, Forecast to 2021 is part of Frost & Sullivan's Advanced Medical Technologies Growth Partnership Service program.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Global Interventional X-ray Market, Forecast to 2021MD2A-50
Contact:Mariana FernandezCorporate Communications North AmericaP: +1 (210) 348 1012E: Mariana.Fernandez@frost.com
http://ww2.frost.com Twitter: @FS_HealthcareLinkedIn: Transform Health
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SOURCE Frost & Sullivan
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