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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.
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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:
Key Industry Development
Further Report Findings
Table of Segmentation
CAGR of 5.8% from 2023-2030
Value (USD Billion)
By Product Type, Technology Type, Application, End-user, and Region
By Product Type