The global X-ray systems market size was valued at USD 5.7 billion in 2020, and is predicted to be worth around USD 9.6 billion by 2030, registering a CAGR of 2.4% during the forecast period 2022 to 2030.
Technological advancements in the healthcare sector and supportive investments by the government are driving the market. In addition, increase in the demand for early-stage diagnosis of chronic diseases and screening programs are expected to boost market growth.
Emerging innovations in the x-ray systems is expanding the market size, such as integration of Artificial Intelligence (AI) in medical imaging systems, robotic, and mobile x-ray systems have made the technology more accessible for use in limited-resource communities around the world. For instance, in March 2021, Philips healthcare announced partnership with Lunit, a leading medical AI startup, with this collaboration Lunit’s INSIGHT CXR chest detection suite will be incorporated into Philips diagnostic x-ray suite, to achieve better patient outcomes, improve the experience of patients and staff, and lower the cost of care.
The COVID-19 pandemic has posed challenges and changed healthcare systems globally. Radiology has considerably improved patient care in this crisis, owing to rapid advancements.The first imaging procedure that played an important role in the treatment of COVID-19 was chest radiography, since it plays a major role in the diagnosis of COVID-19.
|Market Size||US$ 9.6 billion by 2030|
|Growth Rate||CAGR of 2.4% From 2022 to 2030|
|Largest Market||North America|
|Forecast Period||2022 to 2030|
|Segments Covered||Modality, Technology, Mobility, End use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Koninklijke Philips N.V.; Siemens Healthineers AG; GE Healthcare; Canon Medical Systems; Shimadzu Corporation; FUJIFILM SonoSite, Inc.; Carestream; Mindray Medical International Limited; Hologic, Inc.; New Medical Imaging; AGFA|
By Modality Analysis
The radiography segment dominated the market and accounted for the largest revenue share of more than 49.0% in 2021. The segment is further expected to continue its dominance over the forecast period.
As this system has a wide range of applications and is less expensive and time-consuming than other systems. Furthermore, the increasing technological advancements is expected to boost market growth for this segment.
The mammography segment is also expected to grow at a significant rate over the forecast period, owing to the increasing incidence of breast cancer and rising awareness about the same amongst the population.
By Technology Analysis
The Computed Radiography (CR) segment dominated the market for x-ray systems and accounted for the largest revenue share of 54.6% in 2021, owing to its lower initial costs.
CR is the first digital replacement for traditional x-ray film radiography with cassette-based Phosphor Storage Plates (PSP), which provides significant benefits such as the elimination of consumables and a significant reduction in image development time.
The Digital Radiography (DR) segment is anticipated to witness the fastest growth rate over the forecast period. There is a growing demand for DR since this system produces, high contrast resolution images at lower ionizing radiation using flat panel detectors (FPD).
By Mobility Analysis
The stationary x-ray systems segment dominated the market and held the largest revenue share of 65.0%in 2021. In developing countries, where the adoption of new technology is slower, stationary x-ray systems have been found to be in high demand.
An increase in demand for mobile x-ray systems is noted, ever since the covid-19 pandemic as this system has the flexibility to be carried around the hospital or to a patient’s home, thus decreasing the risk of virus transmission.
By End-use Analysis
The hospital segment dominated the market and accounted for the largest revenue share of 68.7% in 2021. In outpatient settings, x-ray system is a substantial source of revenue, also there is an increase in the number of patients visiting hospitals with various chronic disorders.
Siemens Healthineers announced its partnership with Kantonsspital Baden, a hospital in Switzerland, this partnership involves imaging system procurement and maintenance, training programs, and research support.
The diagnostic imaging center segment is expected to witness significant growth during the forecast period. Imaging centers provide a comprehensive range of diagnostic and preventative health services.
The growing patient population with chronic disorders is an opportunity for radiologists to provide stand-alone outpatient imaging centers.
By Regional Analysis
North America dominated the market and accounted for the largest revenue share of 30% in 2021. The market is being influenced by factors such as increasing adoption of modern technology and improved healthcare infrastructure, strong purchasing power, and a fair reimbursement framework.
In Asia Pacific, the market for x-ray systems is estimated to witness the fastest CAGR during the forecast period owing to the increased demand for better imaging devices and supportive government initiatives for improving healthcare infrastructure in the region.
Koninklijke Philips N.V.
Siemens Healthineers AG
Canon Medical Systems
FUJIFILM SonoSite, Inc.
Mindray Medical International Limited
New Medical Imaging
Diagnostic imaging centres
Middle East and Africa
The X-ray systems market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of X-ray systems market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global X-ray systems market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the X-ray systems market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted X-ray systems market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the X-ray systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of X-ray systems by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global X-ray systems market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major X-ray systems market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of X-ray systems market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the X-ray systems industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
X-ray systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to X-ray systems market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of X-ray systems market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new X-ray systems market. These factors have benefited the growth of the global market for X-ray systems. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for X-ray systems. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of X-ray systems are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Cancer Supportive Care Drugs Market (By Therapeutic Class: G-CSFs, Anti-emetics, ESAs, Bisphosphonates, Opioids, NSAIDs & Others)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
eHealth Devices Market( By Type: Blood Pressure Meters, Fever Meters, Glucose Meters, Care Phone/Social Alarms)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Tracheostomy Products Market (By Demographics: Adults, Paediatrics/Neonatal; By Type: Tracheostomy Tubes, Ventilation Accessories ; By End Use: Hospitals & Surgery Centers, Ambulatory Care Centers, Home Care Settings, Others; By Technique) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Smart Blood Pressure Monitoring Devices Market (By Type: Upper Arm Blood Pressure Monitor, Wrist Blood Pressure Monitor Finger Blood Pressure Monitor; By Technology: Wi-Fi Based/4G, Bluetooth Based)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Laparoscopic Electrodes Market (By Application: Bariatric, General Surgeries; By Product: Monopolar, Bipolar Electrodes; By End User: Hospital, Ambulatory)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...