The x-ray imaging market in China is set to almost double in revenue from $528 million in 2012 to $1 billion by 2020, according to market research firm GlobalData.
The growth is attributed to the transition from analog to digital x-ray systems and also an overall increase in the sales of systems as China institutes healthcare reforms, the firm said.
The Chinese market accounted for 22.2% of global diagnostic x-ray imaging revenue in 2012, and this share is estimated to increase to 27.6% by 2020, the firm added.
China's growth will occur at a faster rate than the global market, especially in comparison with Western countries, whose demand for new installations will depend heavily on replacing existing systems, according to GlobalData.
