Report ID: UCMIG35A2499
Report ID:
UCMIG35A2499 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global x-ray systems market was worth USD 6.7 billion in 2021 and is expected to increase at a CAGR (compound annual growth rate) of 2.3% between 2022 and 2030. The growth of demand for early-stage detection of chronic diseases is a major driver driving the market. Furthermore, continuing technical improvements, increased product development, improved funding, and government initiatives, particularly in developing nations such as India and China, are likely to contribute to market expansion. For example, the government of India released X-Ray Setu in June 2021, a free Artificial Intelligence (AI)-based tool to assist clinicians in early Covid treatments.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2499