The global X-Ray Imaging market is projected to reach USD 11.92 billion by the end of 2023, growing with a CAGR of 5.0% from 2017 to 2023. X-rays are fragments of natural electromagnetic spectrum. Medical x-rays are used to generate images of tissues and structure inside the body. It is produced artificially by decelerating high-velocity electrons, with the help of X-ray tube. The x-rays when passed through the body are made to strike through a photographic film, which results in formation of the image of the area. The areas of the film exposed by x-ray are dark, whereas the unexposed areas are transparent. Now-a-days an X-ray image can also be stored in a digital form on a computer. The factors, such as stringent regulatory requirements for the approval of x-ray imaging devices and increasing risk of cancer, due to exposure to radiation are inhibiting the growth of the global market.
Figure: Global X-Ray Imaging Market by Value
The report segments the global X-Ray imaging market by portability, technology, end user, application, and region. The market by portability includes stationary X-Ray imaging and portable X-Ray imaging. Similarly, the technologies include analog X-Ray imaging and digital X-Ray imaging, whereas the end users include diagnostic centers and hospitals. The application covered in the report include orthopaedic X-Ray imaging, chest X-Ray imaging, dental X-Ray imaging, and mammography X-Ray imaging.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Among the various regions covered, North America dominated the global X-Ray imaging market whereas the Asia-Pacific region is projected to be the fastest growing X-Ray imaging market.
Some of the key companies operating in the global X-Ray imaging market include Siemens AG, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Toshiba Corporation, Shimadzu Corporation, Carestream Health Inc., Hologic Inc., SAMSUNG, and Fujifilm Corporation.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of X-Ray imaging globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of X-Ray imaging. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the X-Ray imaging market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. The report also provides in depth analysis of regulatory framework pertaining to X-Ray imaging market. This will help the companies to understand the regulatory compliances, supports, barriers in the X-Ray imaging market. This section highlights key amendments and their implication on X- Ray imaging market in the short run as well as in the long run. This report will help manufacturers, suppliers and distributors of the X-Ray imaging market to understand the present and future trends in this market and formulate their strategies accordingly.
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