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Lower Operating Expense Augments Digital X-rays’ Uptake Across Industries Finds Frost & Sullivan - Technological improvements help digital X-rays close the cost gap with film radiography
Lower Operating Expense Augments Digital X-rays’ Uptake Across Industries Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2012/07/26 - Technological improvements help digital X-rays close the cost gap with film radiography.

   
 
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The continuous evolution of X-ray sources, detectors and software has led to a migration from analog to digital X-ray inspection systems in the nondestructive testing (NDT) industry. Digital X-rays’ lower operating costs have given them a significant competitive advantage over film radiography solutions, as they eliminate the expenses involved in buying films, maintaining a darkroom, obtaining space for archiving film records, and purchasing chemicals for processing film radiographs.

New analysis from Frost & Sullivan (testandmeasurement.frost.com), Analysis of the Industrial Digital X-ray Inspection Systems Market, finds that the market earned revenues of $309.4 million in 2011 and estimates this to reach $509.4 million in 2016.

If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

The recent hike in price of silver, an important component in production of film, has increased this product's cost by as much as 30 percent, depending on the manufacturer. Film radiography consumers, subsequently, have witnessed higher operating costs and are turning toward digital X-ray solutions that offer greater savings in costs. Despite film radiography's lower capital costs, its escalating operating costs will render digital X-ray solutions more attractive to consumers.

Currently, film radiography dominates emerging markets, the engines powering growth for the global economy. Film radiography's low capital investment and comparatively inexpensive labor within the emerging economies have popularized it in these nations. As a result, these markets' preference for film radiography is expected to curtail the demand for digital X-rays. However, with a reduction in price of digital X-ray inspection systems, the cost disadvantage could be nullified in the next five to six years.

"Digital X-ray equipment manufacturers need to aggressively market their products in emerging economies and convince end-user industries of the cost savings that can be achieved with their technology," said Frost & Sullivan Research Analyst Nikhil Jain. "Their concerted efforts will help them explore opportunities in these high-growth markets."

Digital X-ray equipment manufacturers could also promote the environmental friendliness of their technology, as it does not need chemicals to develop a radiographic shot. Moreover, the amount of radiation required for acquiring an image is considerably less, resulting in reduced radiation exposure and associated hazards. Digital X-rays also stand out for their improved image quality due to the advances in imaging technology.

"In applications related to the electronics industry, digital X-ray solutions offer a much better resolution than film," noted Jain. "Participants need to continue enhancing the quality of images to extend their products' application scope to industries such as aerospace, military and defense."

Analysis of the Industrial Digital X-ray Inspection Systems Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: World Nondestructive Test (NDT) Inspection Services Market, World Condition Monitoring Equipment Market, Analysis of Material Testing Equipment Market, and Analysis of Nondestructive Test (NDT) Equipment Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

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.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the Industrial Digital X-ray Inspection Systems Market / NA43-30

 
 
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Lower Operating Expense Augments Digital X-rays’ Uptake Across Industries Finds Frost & Sullivan

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