Despite growing adoption of digital technologies, the overall market for x-ray films, chemicals, and processors is expected to grow to $5.9 billion by 2010, according to a report from market research firm Global Industry Analysts (GIA).
Growth is being derived from traditional use in general radiography and mammography applications, as the transition to digital technologies is being constrained by cost factors, according to the San Jose, CA-based firm.
The U.S., Europe, and Japan markets currently account for more than 75% of the x-ray films, chemicals, and processors sector, GIA said. The Asia-Pacific region, one of the fastest growing markets, is expected to produce a compound annual growth rate (CAGR) of 3.7% between 2000 and 2010. GIA pegs the laser imaging films market in the region at $185 million in 2008.
In other report findings, the U.S. medical x-ray film market is expected to decline from an estimated $1.3 billion in revenues in 2008, GIA said.
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