USD 13.8 billion
Medical X-Ray Market Size, Share, Growth Analysis, By Type (Digital, Analog), By Technology (Film-Based Radiography, Computed Radiography), By Portability, By Application, By End Use, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2599 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
126
|Figures:
77
Medical X-ray Market Insights
Medical X-ray Market size was valued at USD 13 Billion in 2023 and is poised to grow from USD 13.77 Billion in 2024 to USD 23.08 Billion by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).
Similar to visible light, X-rays are a type of electromagnetic radiation. X-rays have higher energy and can penetrate most materials, including the human body. Images of the tissues and structures inside the body are created using medical x-rays. An image of the "shadows" cast by the things inside the body will be created if x-rays that are traveling through the body also pass through an x-ray detector on the patient's opposite side.
Global market for medical x-rays is rising mainly due to the rising prevalence of chronic diseases. For instance, moderate or severe chronic obstructive pulmonary disease (COPD) affects more than 65 million individuals worldwide, and scientists predict that this figure will increase over the next 50 years. In the upcoming years, market growth is anticipated to be fueled by the growing trend of digital x-ray. The development of digital x-ray devices is being aided by increased government initiatives to support x-ray device research and development as well as expanding partnerships between IT and medical device companies.
US Medical X-ray Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
5.8% CAGR
Global Medical X-ray Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
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Medical X-ray Market Segmental Analysis
Global Medical X-Ray Market is segmented by type, technology, portability, application, end use and region. Based on type, the market is segmented into digital and analog. Based on technology, the market is segmented into film-based radiography, computed radiography and digital radiography. Based on portability, the market is segmented into fixed systems and portable systems. Based on application, the market is segmented into dental, veterinary, mammography, chest, cardiovascular and other applications. Based on end use, the market is segmented into hospitals, diagnostic centers and other end use. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Medical X-ray Market Analysis by End User
The Global Medical X-ray Market has been segmented on the basis of End User as Hospitals, Diagnostic centers, Research laboratories, and Others. Among these, the hospital segment held a 42 % in 2020 due to the rising demand for medical X-rays for accurate diagnosis and treatment in hospital settings. Also, an increase in hospital visits by patients and a rise in surgical procedures requiring medical X-rays for the accurate diagnosis will fuel market expansion. Additionally, the availability of hospitals with well-developed infrastructure and qualified medical staff demonstrating superior patient management and care will further increase market demand.
Global Medical X-ray Market By End User , 2021(%)
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Medical X-ray Market Regional Insights
In 2021, North America dominated the market as a whole and generated the majority of worldwide revenue. The presence of numerous industry players and the frequent introduction of new products in the region are the main drivers of regional market expansion. Furthermore, many market players are now contributing to technologically advanced medical x-ray systems which are increasing the market growth in that region.
The market in the Asia Pacific is also likely to boost at the fastest rate. This is mostly a result of growing government initiatives to create mobile, technologically sophisticated medical x-ray devices.
Latin American market growth is anticipated to be boosted by factors such as rising awareness and increased market penetration. The rising frequency of chronic diseases and the market players' increased focus on product development and diagnostics are the main drivers of market expansion in the area.
Global Medical X-ray Market By Geography, 2021 - 2028
- Largest
- Fastest
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Medical X-ray Market Dynamics
Medical X-ray Market Driver
- Technical advancement in diagnostic imaging in developed countries
The radiography systems are more positively associated with technological breakthroughs. The development of new radiation sources and technologies using neutrons and X-rays is the result of advancements in radiographic systems in routine examinations (chest, neck/spine, and limbs), specialty services (dental and mammography), and emergency services (ICU, neonatal ICU, and hospital wards). The performance of X-ray exams has grown quickly as a result of such developments in diagnostic imaging, particularly in computed tomography (CT).
Medical X-ray Market Restraint
- There are several adverse dangers associated with x-ray radiation. The body's cells could sustain damage from the x-ray radiations. The dangers associated with brief exposure to x-rays, such as a chest x-ray, are minimal. However, prolonged exposure to x-rays could turn the cells malignant. For instance, a National Center of Biotechnology Information (NCBI) article states that the cumulative risk of cancer from diagnostic x-rays for individuals 75 years and older is estimated to be 0.6 percent in the United Kingdom or roughly 700 instances. During the projected term, this is expected to hinder the growth of the market.
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Medical X-ray Market Competitive Landscape
Global Medical X-ray Market is nearly consolidated and moderately competitive with some of the prominent players which are operating in the medical X-ray market including Siemens Healthcare, GE Healthcare, Hitachi Medical, Hologic, and Canon Medical Systems, strategic initiatives have helped them to maintain their financial stability in the market.
Medical X-ray Market Top Player's Company Profiles
- GE Healthcare (USA)
- Koninklijke Philips N.V. (Netherlands)
- Canon Medical Systems Corporation (Japan)
- Siemens Healthineers (Germany)
- Carestream Health (USA)
- Shimadzu Corporation (Japan)
- Fujifilm Holdings Corporation (Japan)
- Mindray Medical International Limited (China)
- Hitachi Ltd. (Japan)
- Agfa Healthcare (Belgium)
- Durr Dental SE & Co KG (Germany)
- Planmeca Oy (Finland)
- Dentsply Sirona Inc. (USA)
- Vatech Co., Ltd. (South Korea)
- Air Techniques Inc. (USA)
- Gendex (USA)
- Morita Corporation (Japan)
- Instrumentarium Dental Oy (Finland)
- Apteryx (New Zealand)
- Sirona Dental Systems GmbH (Germany)
Medical X-ray Market Recent Developments
- In May 2022, Canon Medical Systems Corporation Receives Ministry of Economy, Trade and Industry Invention Award at 2022 National Commendation for Invention of the Signal Processing Method using Ultrasound Imaging Apparatus for Visualizing Low-speed Micro-vascular Flow.
- In April 2022, Varian partners with Icon Group to advance patient-centric solutions. By this, Icon will participate in clinical and technical research programs, product evaluation projects, and clinical consultations with Varian to offer Icon's clinical expertise and industry perspectives throughout product development.
Medical X-ray Key Market Trends
- Deep learning has received a lot of attention recently and has made remarkable progress in a number of areas. Deep learning integration in X-ray CT has established itself as an irreversible trend.
- Artificial neural network models are now being used in research to replace parts of these traditional MBIR methodologies. Improved image quality and certain deep learning architecture interpretability can both be obtained through such integration.
- Digital X-ray system use will extensively, driving the market to expand.
To get better results with less downtime, digital x-ray systems are gradually replacing classic x-ray systems in the healthcare industry. To better take care of the x-ray images and provide a quicker response, many diagnostic centers and clinics favor digital systems over analogs. Additionally, digital radiography cuts radiation exposure by at least 75%.
All of the above-mentioned benefits have sped up the transition to an increased preference for digital x-ray technology.
This is expected to predict well growth for the global medical x-ray market growth during the forecast period.
Medical X-ray Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Medical X-ray Market Analysis, in terms of application, the dental segment has held the largest market share in 2020 due to increasing cases of dental disorders among the geriatric and adult population. Also, because of the rising awareness regarding these disorders.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.8 billion |
| Market size value in 2031 | USD 22.92 billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical X-ray Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical X-ray Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical X-ray Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical X-ray Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical X-ray Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical X-ray Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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