Global Medical X-ray Market Report and Forecast 2023-2031
Market Report I 2023-05-06 I 140 Pages I EMR Inc.
Global Medical X-Ray Market Report and Forecast 2023-2031
Global Medical X-Ray Market Outlook
The global medical X-ray market size attained a value of USD 11.5 billion in 2022. The market is likely to grow further at a CAGR of 5.8% to attain a value of USD 19.1 billion by 2031, driven by the rapid technological advancements.
Medical X-Ray Market: Introduction
The medical X-ray market has shown significant growth over the years, driven by advancements in technology, rising prevalence of diseases requiring diagnostic imaging, and an aging global population. X-ray technology continues to be a crucial part of the medical imaging sector, providing critical insights into various physical conditions, from bone fractures and dental issues to more complex conditions like cancers and cardiovascular diseases.
The market is characterized by a mix of mature and emerging technologies. The mature technologies, such as analog X-ray systems, continue to be in use in many parts of the world due to their cost-effectiveness. However, digital X-ray systems, which offer improved image quality and reduced radiation exposure, are becoming increasingly popular. This shift towards digital systems is more prominent in developed countries, but it is gradually penetrating into developing markets as well.
In terms of geographical distribution, the North American region has been leading the market, closely followed by Europe. This can be attributed to their advanced healthcare infrastructure, high healthcare expenditure, and the presence of several key X-ray device manufacturers in these regions. However, the fastest growth is expected in the Asia Pacific region, due to the increasing healthcare expenditure, rising awareness about early disease detection, and improving healthcare infrastructure.
The portable X-ray devices segment is showing remarkable growth due to their convenience and application in home healthcare settings. This trend is likely to continue, driven by the ongoing COVID-19 pandemic, which has highlighted the need for remote and decentralized healthcare services.
Looking ahead, the medical X-ray market is expected to continue its growth trajectory, driven by factors such as technological advancements, the increasing prevalence of chronic diseases, and a growing global elderly population. However, market growth may be restrained by factors such as high costs of advanced X-ray systems and concerns about radiation exposure. In addition, regulatory hurdles and the requirement for skilled professionals to operate and interpret X-ray images could also pose challenges to market growth.
Artificial Intelligence (AI) integration is an emerging trend in the medical X-ray market. AI can help enhance image quality, reduce scan time, and aid in the accurate diagnosis by identifying patterns that may be overlooked by the human eye. As AI technology continues to evolve and integrate with the medical imaging field, it is expected to significantly impact the future of the medical X-ray market.
In conclusion, the medical X-ray market is evolving, influenced by technological advancements, changes in patient care, and the global health landscape. The incorporation of digital systems and AI is shaping the future of this market, making it an exciting space to watch.
Medical X-Ray Market Segmentations
The market can be categorised into product, technology type, portability, application, end user, and region.
Market Breakup by Product
- Digital
- Analogue
Market Breakup by Technology Type
- Computed Radiography
- Film-Based Radiography
- Direct Radiography
- Others
Market Breakup by Portability
- Fixed
- Portable
- Others
Market Breakup by Application
- Dental
- Veterinary
- Mammography
- Chest
- Cardiovascular
- Orthopaedics
- Others
Market Breakup by End User
- Hospitals
- Specialty Clinics
- Diagnostic Centres
- Others
Medical X-Ray Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Medical X-Ray Market Scenario
The medical X-ray market is experiencing a noticeable shift from analog systems to digital radiography, given the latter's superiority in terms of image quality, convenience, and reduced radiation exposure. This transition is more apparent in developed countries, but the ripple effects are gradually reaching developing markets too.
The market's geographical distribution is still predominantly focused in the North American and European regions due to their high healthcare expenditure, robust healthcare infrastructure, and the presence of several key X-ray device manufacturers. However, the Asia Pacific region is rapidly emerging as a strong market, thanks to the escalating healthcare expenditure, improving healthcare infrastructure, and rising awareness about early disease detection in these regions.
On the technological front, the rise of portable X-ray devices is a significant trend shaping the current market scenario. With their convenience and suitability for home healthcare settings, these devices are becoming increasingly popular. The ongoing COVID-19 pandemic has further highlighted their value by emphasizing the importance of remote and decentralized healthcare services.
Artificial intelligence (AI) integration in X-ray systems is another cutting-edge trend that is starting to shape the market. AI can significantly enhance image quality, reduce scan time, and assist in accurate diagnosis by identifying patterns that may be missed by the human eye. As AI technology continues to evolve and integrate with the medical imaging field, it is expected to be a significant game-changer for the medical X-ray market.
However, several challenges are also present in the current market scenario. High costs of advanced X-ray systems and concerns about radiation exposure could potentially restrain market growth. Additionally, regulatory hurdles and the requirement for skilled professionals to operate and interpret X-ray images are also significant challenges.
Overall, the current medical X-ray market scenario is a mix of exciting opportunities and challenges. With ongoing technological advancements, demographic changes, and shifts in healthcare delivery, the market is expected to continue evolving in the coming years. The successful integration of AI and digital systems into medical X-ray technology is projected to be a significant driver of this evolution.
Key Players in the Global Medical X-Ray Market
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the medical X-ray market are as follows:
- Agfa-Gevaert Group
- Canon Medical Systems Corporation
- Carestream Health, Inc.
- Dentsply Sirona Inc.
- ConvaTec Inc.
- The General Electric Company
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Fujifilm Holdings Corporation
- Siemens Healthcare GmbH
- Shimadzu Corporation
- Samsung Electronics Co., Ltd.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Medical X-Ray Market Overview
3.1 Global Medical X-Ray Market Historical Value (2016-2022)
3.2 Global Medical X-Ray Market Forecast Value (2023-2031)
4 Global Medical X-Ray Market Landscape
4.1 Global Medical X-Ray Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Medical X-Ray Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Technology Type
4.2.3 Analysis by Portability
4.2.4 Analysis by Application
4.2.5 Analysis by End User
5 Global Medical X-Ray Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter's Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Medical X-Ray Market Segmentation
6.1 Global Medical X-Ray Market by Product
6.1.1 Market Overview
6.1.2 Digital
6.1.3 Analogue
6.2 Global Medical X-Ray Market by Technology Type
6.2.1 Market Overview
6.2.2 Computed Radiography
6.2.3 Film-Based Radiography
6.2.4 Direct Radiography
6.2.5 Others
6.3 Global Medical X-Ray Market by Portability
6.3.1 Market Overview
6.3.2 Fixed
6.3.3 Portable
6.3.4 Others
6.4 Global Medical X-Ray Market by Application
6.4.1 Market Overview
6.4.2 Dental
6.4.3 Veterinary
6.4.4 Mammography
6.4.5 Chest
6.4.6 Cardiovascular
6.4.7 Orthopaedics
6.4.8 Others
6.5 Global Medical X-Ray Market by End User
6.5.1 Market Overview
6.5.2 Hospitals
6.5.3 Specialty Clinics
6.5.4 Diagnostic Centres
6.5.5 Others
6.6 Global Medical X-Ray Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Medical X-Ray Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Medical X-Ray Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Medical X-Ray Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Medical X-Ray Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Medical X-Ray Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Agfa-Gevaert Group
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Canon Medical Systems Corporation
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Carestream Health, Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Dentsply Sirona Inc.
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 ConvaTec Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 The General Electric Company
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Koninklijke Philips N.V.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Canon Medical Systems Corporation
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Fujifilm Holdings Corporation
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Siemens Healthcare GmbH
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Shimadzu Corporation
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Samsung Electronics Co., Ltd.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
18 Global Medical X-Ray Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
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