The Chinese market for x-ray equipment will grow 50% from 2012 levels to reach more than $1.5 billion by 2017.
That forecast comes from market research firm IHS, which projects an 8.3% annual growth rate over the report period. At that rate, the Chinese x-ray market would account for 22% of global general radiography revenues by 2017, which would equal that of the Europe, Middle East, and Africa (EMEA) region.
One driver is recent healthcare reform in China, which includes purchasing more modern medical imaging equipment for rural hospitals. In addition, demand for new digital radiography equipment in metropolitan hospitals is expected to remain strong.
