USD 12.28 billion
Report ID: SQSG35A2017 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 126 | Figures: 77
Global Medical X-ray Market size was valued at USD 12.28 billion in 2021 and is poised to grow from USD 13 billion in 2022 to USD 21.79 billion by 2030, growing at a CAGR of 5.9% in the forecast period (2023-2030).
Similar to visible light, X-rays are a type of electromagnetic radiation. X-rays have higher energy and can penetrate most materials, including the human body. Images of the tissues and structures inside the body are created using medical x-rays. An image of the "shadows" cast by the things inside the body will be created if x-rays that are traveling through the body also pass through an x-ray detector on the patient's opposite side.
Global market for medical x-rays is rising mainly due to the rising prevalence of chronic diseases. For instance, moderate or severe chronic obstructive pulmonary disease (COPD) affects more than 65 million individuals worldwide, and scientists predict that this figure will increase over the next 50 years. In the upcoming years, market growth is anticipated to be fueled by the growing trend of digital x-ray. The development of digital x-ray devices is being aided by increased government initiatives to support x-ray device research and development as well as expanding partnerships between IT and medical device companies.
US Medical X-ray Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 12.28 billion
To get more reports on the above market click here to Buy The Report
Global Medical X-ray Market is segmented based on the Product Type, Application, End-User, technology, and region. Based on the Product Type, the Medical X-ray Market is segmented as Standard Computed Tomography, Kidney, Ureter, and Bladder X-rays, Teeth and bones X-rays, Chest X-rays, Lungs X-rays, Abdomen X-rays Others. Based on the Application, Medical Applications, General Radiography, Chest Imaging Applications, Orthopedic Applications, Mammography, Dynamic Imaging, Veterinary Applications, and Other Applications. Based On End User, the Medical X-ray Market is segmented as Hospitals, Diagnostic centers, Research laboratories, and Others. Based on technology, the Medical X-ray Market is segmented into Digital and CR/analog. Based on Region Medical X-ray Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Medical X-ray Market Analysis by End User
The Global Medical X-ray Market has been segmented on the basis of End User as Hospitals, Diagnostic centers, Research laboratories, and Others. Among these, the hospital segment held a 42 % in 2020 due to the rising demand for medical X-rays for accurate diagnosis and treatment in hospital settings. Also, an increase in hospital visits by patients and a rise in surgical procedures requiring medical X-rays for the accurate diagnosis will fuel market expansion. Additionally, the availability of hospitals with well-developed infrastructure and qualified medical staff demonstrating superior patient management and care will further increase market demand.
To get detailed analysis on other segments, Request For Sample Report
In 2021, North America dominated the market as a whole and generated the majority of worldwide revenue. The presence of numerous industry players and the frequent introduction of new products in the region are the main drivers of regional market expansion. Furthermore, many market players are now contributing to technologically advanced medical x-ray systems which are increasing the market growth in that region.
The market in the Asia Pacific is also likely to boost at the fastest rate. This is mostly a result of growing government initiatives to create mobile, technologically sophisticated medical x-ray devices.
Latin American market growth is anticipated to be boosted by factors such as rising awareness and increased market penetration. The rising frequency of chronic diseases and the market players' increased focus on product development and diagnostics are the main drivers of market expansion in the area.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Medical X-ray Market Driver
The radiography systems are more positively associated with technological breakthroughs. The development of new radiation sources and technologies using neutrons and X-rays is the result of advancements in radiographic systems in routine examinations (chest, neck/spine, and limbs), specialty services (dental and mammography), and emergency services (ICU, neonatal ICU, and hospital wards). The performance of X-ray exams has grown quickly as a result of such developments in diagnostic imaging, particularly in computed tomography (CT).
Medical X-ray Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global Medical X-ray Market is nearly consolidated and moderately competitive with some of the prominent players which are operating in the medical X-ray market including Siemens Healthcare, GE Healthcare, Hitachi Medical, Hologic, and Canon Medical Systems, strategic initiatives have helped them to maintain their financial stability in the market.
Medical X-ray Market Top Player's Company Profiles
Medical X-ray Market Recent Developments
To get better results with less downtime, digital x-ray systems are gradually replacing classic x-ray systems in the healthcare industry. To better take care of the x-ray images and provide a quicker response, many diagnostic centers and clinics favor digital systems over analogs. Additionally, digital radiography cuts radiation exposure by at least 75%.
All of the above-mentioned benefits have sped up the transition to an increased preference for digital x-ray technology.
This is expected to predict well growth for the global medical x-ray market growth during the forecast period.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Medical X-ray Market Analysis, in terms of application, the dental segment has held the largest market share in 2020 due to increasing cases of dental disorders among the geriatric and adult population. Also, because of the rising awareness regarding these disorders.
|Market size value in 2021||USD 12.28 billion|
|Market size value in 2030||USD 13 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Medical X-ray Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Medical X-ray Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Medical X-ray Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Medical X-ray Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.