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X-ray Imaging Market (Portability - Stationary, and Portable; Technology - Analog, and Digital; End User - Diagnostic Center, and Hospital; Application - Orthopaedic, Chest, Dental, and Mammography): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : August, 2021

  • Rep Id : HC08709

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the X-ray imaging market provides an in-depth analysis of segments and sub-segments in the global as well as regional X-ray imaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional X-ray imaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global X-ray imaging market. According to the report, the global X-ray imaging market is projected to grow at a CAGR of 5.0% over the forecast period of 2020-2027.

 

Market Insight

Medical imaging has led to advancement in the diagnosis and treatment of various medical conditions in children and adults. X-ray imaging is familiar as a valuable medical tool for a wide range of examinations and procedures. They are used to noninvasively and painlessly help to diagnose disease and monitor therapy. X-Ray Imaging supports medical and surgical treatment planning.

 

X-ray Imaging market size is expected to reach approximately USD 11 billion in 2027, with a CAGR of 5.0% during the forecast period. The increasing demand for digital x-rays imaging and the supportive government initiatives to create awareness among people are major driving factors for the X-Ray imaging market. Nowadays an X-ray image can also be stored in a digital form on a computer. Digital radiography has become a much more efficient, cost-effective, and even safer method of producing diagnostic images with the addition of computer technology. Furthermore, the rising prevalence of target diseases and the surge in investments and funds for the advancement of imaging facilities are fueling the demand for the X-Ray imaging market. With rapid economic development and increasing westernization of lifestyle in the past few decades prevalence of diseases has reached alarming proportions in recent years. The factors such as strict regulatory requirements for the approval of X-ray imaging devices and the rising risk of cancer owing to exposure to radiation are restraining the growth of the global X-ray imaging market. Moreover, technological advancements in diagnostic imaging modalities will provide wide growth opportunities to the market players. Advancements in medical X-ray systems to provide high-quality, high-resolution images without a corresponding increase in radiation dose are positively impacting the global X-ray imaging market. To curb the spread of the coronavirus globally, governments have partially or completely shut down all non-essential services and implemented various measures. These measures have significantly reduced all X-ray imaging scans due to which outpatient volume has been severely reduced to 30-50%. In contrast, imaging modalities have played a crucial front-line role in the diagnosis and treatment of infected populations, grading disease, and monitoring the management course justifying its importance. This offers the opportunity for a critical review of the real need for and frequency of imaging.

 

Among the regions, North America holds the largest market share of the X-ray imaging market. The large share of the North American region attributes to the increase in the geriatric population, availability of better healthcare infrastructure, and the presence of key players in the market. Asia-Pacific region is the fastest-growing market among the regions during the forecast. Increasing demand for standardized world-class medical facilities, increasing healthcare spending ability among people, and government initiatives to provide better health facilities to their nationals, are some major factors driving the high growth of this market in these regional segments.

 

Segment Covered

The report on global X-ray imaging market covers segments such as portability, technology, end user, and application. On the basis of portability, the sub-markets include stationary, and portable. On the basis of technology, the sub-markets include analog, and digital. On the basis of end user, the sub-markets include diagnostic center, and hospital. On the basis of application, the sub-markets include orthopaedic, chest, dental, and mammography.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Koninklijke Philips N.V., Siemens AG, General Electric Company, Hitachi, Ltd., Toshiba Corporation, Shimadzu Corporation, Carestream Health, Inc., Hologic, Inc., Fujifilm Holdings Corporation, and Canon, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into 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 DRO analysis of X-ray imaging market. Moreover, the study highlights current market trends and provides forecast from 2020-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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