Medical X-ray Market Size Set for Rapid Growth, to Reach $23.97 Bn by 2032
Zion Market Research has published a new report titled “Medical X-ray Market by Product (Computed Radiography Detectors, Flat Panel Detectors, Line Scan Detectors, Charge Coupled Device Detectors [CCD]), by Technology (Direct Radiography [DR], Computed Radiography [CR],), by Portability (Portable Systems, Fixed Systems,), by Application (Dental, Veterinary, Mammography, Chest, Cardiovascular, Orthopaedics, Others) and by End Users (Diagnostic Centers, Hospitals and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”.
According to the report, global medical x-ray market was valued at approximately USD 14.25 billion in 2024 and is expected to generate revenue of around USD 23.97 billion by end of 2032, growing at a CAGR of around 5.95% between 2024 and 2032.
Advancement in medical radiation uses took place due to the gradual improvement in techniques and equipment. The presence of X-ray machines in most of the hospitals enables physicians to detect somatic problems, as well as trauma. A chest x-ray is the standard method used in the diagnosis of tuberculosis. Such factors will increase demand for a medical x-ray.
Other factors driving medical x-ray market growth include advancement in medical imaging technologies coupled with rising prevalence of chronic diseases such as cardiovascular diseases, cancer and others, favorable reimbursement scenario and increasing funding on research and development activities. It has been observed that the demand for imaging procedure is high among women. Due to growing incidence rates of breast cancer in the female population.
The increasing incidences of mortality due to cardiac diseases, cancer amongst the elderly populations and growing number of road accidents which results in fractures is further expected to increase demand for medical x-ray procedures. X-ray is used in the treatment and detection of neurological related problems. Such problems will further drive medical x-ray market growth over the forecast period.
Key aspects of the medical X-ray market include:
Types of X-ray Equipment:
Digital Radiography (DR): Digital radiography systems use digital detectors to capture X-ray images, offering advantages such as improved image quality, faster image acquisition, lower radiation dose, and enhanced workflow efficiency compared to traditional film-based X-ray systems.Computed Tomography (CT): CT scanners produce cross-sectional images of the body using X-ray technology, allowing for detailed visualization of internal structures and organs. Advances in CT technology, such as multislice CT and spectral CT, enable faster scans, higher resolution images, and enhanced diagnostic capabilities.Fluoroscopy: Fluoroscopy systems provide real-time X-ray imaging of moving anatomical structures, such as the gastrointestinal tract, cardiovascular system, and musculoskeletal system. Fluoroscopic procedures include barium studies, angiography, cardiac catheterization, and interventional radiology.Mammography: Mammography systems use X-rays to detect and diagnose breast cancer and other breast abnormalities. Digital mammography offers advantages such as improved image quality, reduced radiation dose, and enhanced workflow compared to traditional film-based mammography.Mobile X-ray: Mobile X-ray systems are portable units designed for bedside imaging, emergency departments, operating rooms, and intensive care units, allowing for convenient and timely X-ray imaging of critically ill or immobile patients.
Market Growth Drivers:
Technological Advancements: Continuous innovation in X-ray imaging technology, including improvements in detector technology, image processing algorithms, and dose reduction techniques, drives market growth by enhancing image quality, diagnostic accuracy, and patient safety.Prevalence of Chronic Diseases: The increasing prevalence of chronic diseases, such as cardiovascular diseases, cancer, and orthopedic conditions, fuels the demand for X-ray imaging for disease diagnosis, treatment planning, and monitoring.Aging Population: The aging global population, coupled with demographic trends such as longer life expectancy and the rise of lifestyle-related diseases, increases the demand for medical imaging services, including X-ray examinations, for age-related conditions.Minimally Invasive Procedures: X-ray imaging plays a critical role in guiding minimally invasive procedures such as angioplasty, stent placement, biopsy, and catheter-based interventions, driving the demand for fluoroscopy and interventional X-ray systems.Healthcare Infrastructure Development: Investments in healthcare infrastructure, particularly in emerging markets, drive market growth by expanding access to medical imaging services, upgrading existing facilities, and adopting advanced imaging technologies.
Challenges and Opportunities:
Radiation Safety: Ensuring patient and staff safety by optimizing radiation dose, implementing dose monitoring protocols, and adhering to radiation safety guidelines is a key challenge in X-ray imaging. Advances in dose reduction techniques and dose monitoring technology offer opportunities for improving radiation safety.Cost and Reimbursement Pressures: Cost considerations, including equipment acquisition costs, maintenance expenses, and reimbursement policies, influence purchasing decisions and market adoption of X-ray imaging systems. Cost-effective solutions and value-based pricing models are opportunities for market players.Integration and Interoperability: Integration of X-ray imaging systems with electronic health record (EHR) systems, picture archiving and communication systems (PACS), and other healthcare IT platforms enhances workflow efficiency, data exchange, and clinical decision support, offering opportunities for seamless interoperability.Emerging Markets: Emerging markets in Asia-Pacific, Latin America, and Africa present opportunities for market expansion due to increasing healthcare investments, rising disposable incomes, and growing demand for medical imaging services.Artificial Intelligence (AI) Integration: Integration of AI and machine learning algorithms into X-ray imaging systems for image analysis, computer-aided diagnosis, and workflow automation offers opportunities for improving diagnostic accuracy, efficiency, and clinical outcomes.
Key Market Players:
The medical X-ray market is characterized by the presence of multinational corporations, medical device manufacturers, and technology providers specializing in X-ray imaging systems and related products.Major players in the market include companies such as Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems Corporation, Carestream Health, Hitachi Medical Systems, and Shimadzu Corporation, among others.
Research and Development Initiatives:
Ongoing research efforts focus on developing next-generation X-ray imaging technologies, such as photon-counting detectors, spectral imaging, and 3D imaging modalities, to address unmet clinical needs, improve diagnostic accuracy, and enhance patient care.
The medical x-ray market is segmented on the basis of product into Computed Radiography Detectors, Flat Panel Detectors, Line Scan Detectors, Charge Coupled Device Detectors [CCD]), by Technology (Computed Radiography [CR], Direct Radiography [DR]. Flat panel detectors segment held major revenue share in global medical x-ray market throughout the forecast period. Based on technology the market is segmented into Computed Radiography [CR] and Direct Radiography [DR]. Direct radiography contributed for major revenue share due to increasing number of dental problems, chest imaging, mammography and orthopedic. Based on portability, the market is segmented as portable and fixed systems. Portable systems dominated the medical x-ray market.
Medical x-ray market on the basis of the application is segmented as dental, veterinary, cardiovascular, mammography, orthopedics and others. Chest application held major revenue share. The growth is attributed due to various applications, as it is also performed to diagnose chest injury.
Hospitals, diagnostic centers, and others are the end-user segments of the global medical x-ray market. The hospital segment dominated the market in terms of revenue in 2024. The major revenue for hospitals segment is attributed due to a huge number of diagnostic procedures are mostly performed in hospitals. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global advanced wound care market. North America and Europe are anticipated to remain the leading regions over the forecast period. There is good adoption rate of the advanced medical imaging techniques owing to the growing number of patients that are suffering from cardiovascular diseases, cancer. Increasing awareness levels regarding healthcare, the market for medical x-ray is growing significantly in the Asia-Pacific region. Developing nations such as China and India are the most promising markets owing to the huge population base and the increasing number of patients.
Medical X-ray Market: Competitive Analysis
The global Medical X-ray market is dominated by players like:
Hitachi Medical
Canon
GE Healthcare
Philips Healthcare
Shimadzu
Carestream Health,
PerkinElmer
Samsung Electronics
Varian Medical Systems
Hologic
Agfa
Dentsply Sirona
This report segments the global medical x-ray market as follows:
Global Medical X-ray Market: Product Segment Analysis
Computed Radiography Detectors
Flat Panel Detectors
Line Scan Detectors
Charge Coupled Device Detectors [CCD]
Global Medical X-ray Market: Technology Segment Analysis
Computed Radiography [CR]
Direct Radiography [DR]
Global Medical X-ray Market: Portability Segment Analysis
Portable systems
Fixed systems
Global Medical X-ray Market: Application Segment Analysis
Mammography
Dental
Veterinary
Cardiovascular
Orthopedics
Chest
Others
Global Medical X-ray Market: End-User Segment Analysis
Hospitals
Diagnostic Centers
Others
Global Medical X-ray Market: Regional Segment Analysis
North AmericaThe U.S.
EuropeUKFranceGermany
Asia PacificChinaJapanIndia
Latin AmericaBrazil
The Middle East and Africa
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