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Medical X-ray Market to Exhibit 5.8% CAGR over 2023 to 2030; Fujifilm Europe Exhibits FDR Cross at the ECR to Secure Competitive Edge

July 26, 2023 | Healthcare

The global medical x-ray market size stood at USD 13.54 billion in 2022. The market value is slated to rise from USD 14.24 billion in 2023 to USD 21.10 billion by 2030 at a CAGR of 5.8% during 2023-2030. The expansion is due to the rising penetration of digital x-ray systems. The surge can be driven by better image quality, lower radiation dose of digital systems, and better results in less downtime.


Fortune Business Insights™ presents this information in its report titled “Medical X-ray Market Size, Share & COVID-19 Impact Analysis, By Product Type (Static, and Dynamic), By Technology (Digital, and CR/Analog), By Application (Dental, Veterinary, Cardiovascular, Oncology, and Others), By End-user (Hospitals & Clinics, and Diagnostic Centers & Others), and Regional Forecast, 2023-2030”.


Restrictions Pertaining to Limited Number of Procedures Affected Industry Growth amid COVID-19 Pandemic


The pandemic led healthcare systems to implement restrictions limiting the number of patients served by them. The year 2020 recorded a considerable decline in the revenue generated by several industry players. However, the market expansion was revived by a surge in the number of elective procedures in 2021.


Fujifilm Europe Unveiled FDR Cross at the ECR to Enhance Business Prospects


In July 2022, Fujifilm Europe exhibited a new hybrid, flexible C-arm and portable x-ray machine at the ECR (European Congress of Radiology). The FDR Cross is designed for offering high quality static and fluoroscopic x-ray images during surgery and other medical procedures.


Rising Focus of Industry Players on R&D to Propel Market Growth


One of the pivotal factors impelling medical x-ray market growth is the rising focus on research and development initiatives by key players. The companies have been focusing on the development of AI platforms for the management of medical imaging data.


However, x-ray radiation may damage the cells of the body. This could affect industry expansion throughout the forecast period.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/medical-x-ray-market-104862


Leading Industry Participants Focus on Mergers and Acquisitions to Strengthen Market Foothold


Leading market players are formulating and implementing a range of strategic steps for strengthening their industry positions. These comprise acquisitions, merger agreements, and the formation of alliances. Additional steps include R&D activities and the launch of new solutions.


List of Key Players Profiled:



  • Carestream Health (U.S.)

  • GE Healthcare (U.S.)

  • Koninklijke Philips N.V. (Netherlands)

  • CANON MEDICAL SYSTEMS CORPORATION (Japan)

  • FUJIFILM Holdings Corporation (Japan)

  • Siemens Healthcare GmbH (Germany)

  • Shimadzu Corporation (Japan)

  • SAMSUNG ELECTRONICS CO., LTD. (South Korea)   


Key Industry Development



  • April 2022 - Gati Diagnostic Center Pvt. Ltd., Sikar, upgraded its diagnostics repertoire with the addition of the Carestream DRX-Compass. Gati Diagnostic was the first center to make this addition, which made it a fully-fitted diagnostic center.


Further Report Findings



  • The Asia Pacific holds a dominating share in the market driven by favorable government policies in the region. The medical x-ray market share in the region is expected to register remarkable expansion over the projected period.

  • The Europe market is slated to record an appreciable CAGR over the estimated period. The expansion is impelled by the increasing prevalence of chronic diseases such as cardiovascular diseases, cancer, and others.

  • On the basis of product type, the market for medical x-ray is subdivided into dynamic and static. The dynamic segment is touted to grow at an appreciable pace over the analysis period. The surge is propelled by rising investments by key players in dynamic systems.

  • By technology, the market for medical x-ray is segregated into digital and CR/analog. The digital segment is slated to record considerable growth throughout the estimated period. The expansion is on account of soaring awareness associated with the benefits of digital x-ray imaging.

  • Based on application, the market is fragmented into oncology, veterinary, cardiovascular, dental, and others. The others segment accounted for a dominating position in the market and is set to grow at a lucrative CAGR over the estimated period.


 Table of Segmentation






























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 5.8% from 2023-2030



Unit



Value (USD Billion)



Segmentation



By Product Type, Technology Type, Application, End-user, and Region



By Product Type




  • Static

  • Dynamic         



By Technology




  • Digital

  • CR/Analog



By Application




  • Dental

  • Veterinary

  • Cardiovascular

  • Oncology

  • Others



By End-user




  • Hospitals & Clinics

  • Diagnostic Centers & Others



By Geography




  • North America (By Product Type, By Technology, By Application, By End-user, and By Country)


    • U.S. (By Technology)

    • Canada (By Technology)


  • Europe (By Product Type, By Technology, By Application, By End-user, and By Country)


    • U.K. (By Technology)

    • Germany (By Technology)

    • France (By Technology)

    • Italy (By Technology)

    • Spain (By Technology)

    • Rest of Europe (By Technology)


  • Asia Pacific (By Product Type, By Technology, By Application, By End-user, and By Country)


    • China (By Technology)

    • Japan (By Technology)

    • India (By Technology)

    • Australia (By Technology)

    • Southeast Asia (By Technology)

    • Rest of Asia Pacific (By Technology)


  • Latin America (By Product Type, By Technology, By Application, By End-user, and By Country)


    • Brazil (By Technology)

    • Mexico (By Technology)

    • Rest of Latin America (By Technology)


  • Middle East & Africa (By Product Type, By Technology, By Application, By End-user, and By Country)




    • GCC (By Technology)

    • South Africa (By Technology)

    • Rest of MEA (By Technology)



Global Medical X-ray Market
  • PDF
  • 2023
  • 2019-2022
  • 181

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