Author: Vikas Kumar
13 January 2023
The global x-ray systems market is expected to register a CAGR of around ~3% over the period of 2022-2028. This is mainly for identifying defects in the body and to assist diagnose issues such as crushed bones, tumors, and the treatment of various diseases such as cardiovascular, respiratory, mammography, dental, and orthopedics. Also, the x-ray system has stringent government regulations coupled with the growing focus of major stakeholders in the healthcare industry. Major healthcare companies are investing heavily in their products due to rising social awareness among healthcare industry experts, medical professionals, and patients about the benefits of the x-ray systems. According to the Labour Force Survey 2019, around 69,208 workers sustained a non-fatal injury. With the increase in injuries and accidents across the globe, the number of urgent care facilities offering services such as blood tests, stitching, and X-rays also increased. Furthermore, rising investments in medical technologies and increasing development of AI-based digital X-ray systems are likely to aid the market growth of x-ray systems. Further, the government is focusing on raising awareness about the diseases and their effect which significantly contributes to the market for x-ray systems.
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Based on mobility, the market is categorized into portable and stationary. Among these, the stationary is expected to witness a significant CAGR during the forecast period. This is mainly due to stationary x-ray systems that have been found to be in high demand in developing countries where the adoption of new technology is slower. Therefore, x-ray systems are anticipated to grow at a steady rate throughout the forecast period.
Based on end-user, the market is categorized into hospitals, diagnostic centers, ambulatory surgical centers, and others. Among these, hospitals are expected to witness a significant CAGR during the forecast period. This is mainly due to the increase in the number of patients visiting hospitals with various chronic disorders and injuries for medical imaging. As medical imaging can be a primary source of outpatient profits, hospitals deploy medical imaging equipment within the premises.
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For a better understanding of the market adoption of the x-ray system industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to witness a significant CAGR during the forecast period on account of the growing various x-ray system and medical treatment activities in countries like the U.S. and Canada. The increasing adoption of modern technology and improved healthcare infrastructure, strong purchasing power, and a fair reimbursement framework owing to the presence of well-established market players and frequent product launches in the region are some of the key attributable factors for the growth of the market. Furthermore, many healthcare and medical imagining companies are headquartered in the region, which is focusing on novel x-ray systems for the treatment of diseases.
Some of the major players operating in the market include Agfa-Gevaert N.V., Bracco Imaging S.p.A., Fujifilm Holdings Corporation, GE Healthcare, Hitachi Ltd, Koninklijke Philips N.V., Shimadzu Corporation, Canon Medical Systems Corporation, Siemens Healthineers AG, Carestream Health Inc.
Global X-ray system Market Segmentation
Market Insight, by Mobility
Market Insight, by Product Type
Market Insight, by Technology
Market Insight, by Application
Market Insight, by End User
Market Insight, by Region
Top Company Profiles
• Agfa-Gevaert N.V.
• Bracco Imaging S.p.A.• Fujifilm Holdings Corporation• GE Healthcare• Hitachi Ltd.• Koninklijke Philips N.V.• Shimadzu Corporation• Canon Medical Systems Corporation• Siemens Healthineers AG• Carestream Health Inc.
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