The global X-ray systems market size was valued at USD 5.7 billion in 2020, and is predicted to hit around USD 9.6 billion by 2030, registering a CAGR of 2.4% during the forecast period 2022 to 2030.
The global X-ray systems market size was valued at USD 5.7 billion in 2020, and is predicted to hit around USD 9.6 billion by 2030, registering a CAGR of 2.4% during the forecast period 2022 to 2030.
Report Highlights
- The radiography segment dominated the market and accounted for the largest revenue share of more than 49.0% in 2021. The segment is further expected to continue its dominance over the forecast period.
- The mammography segment is also expected to grow at a significant rate over the forecast period.
- The Computed Radiography (CR) segment dominated the market for x-ray systems and accounted for the largest revenue share of 54.6% in 2021.
- The Digital Radiography (DR) segment is anticipated to witness the fastest growth rate over the forecast period.
- The stationary x-ray systems segment dominated the market and held the largest revenue share of 65.0%in 2021.
- The hospital segment dominated the market and accounted for the largest revenue share of 68.7% in 2021.
- The diagnostic imaging center segment is expected to witness significant growth during the forecast period.
- North America dominated the market and accounted for the largest revenue share of 30% in 2021.
- In Asia Pacific, the market for x-ray systems is estimated to witness the fastest CAGR during the forecast period.
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Growth Factors
Technological advancements in the healthcare sector and supportive investments by the government are driving the market. In addition, increase in the demand for early-stage diagnosis of chronic diseases and screening programs are expected to boost market growth.
Emerging innovations in the x-ray systems is expanding the market size, such as integration of Artificial Intelligence (AI) in medical imaging systems, robotic, and mobile x-ray systems have made the technology more accessible for use in limited-resource communities around the world. For instance, in March 2021, Philips healthcare announced partnership with Lunit, a leading medical AI startup, with this collaboration Lunit’s INSIGHT CXR chest detection suite will be incorporated into Philips diagnostic x-ray suite, to achieve better patient outcomes, improve the experience of patients and staff, and lower the cost of care.
The COVID-19 pandemic has posed challenges and changed healthcare systems globally. Radiology has considerably improved patient care in this crisis, owing to rapid advancements.The first imaging procedure that played an important role in the treatment of COVID-19 was chest radiography, since it plays a major role in the diagnosis of COVID-19.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 9.6 billion by 2030 |
| Growth Rate | CAGR of 2.4% From 2022 to 2030 |
| Largest Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Modality, Technology, Mobility, End use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Koninklijke Philips N.V.; Siemens Healthineers AG; GE Healthcare; Canon Medical Systems; Shimadzu Corporation; FUJIFILM SonoSite, Inc.; Carestream; Mindray Medical International Limited; Hologic, Inc.; New Medical Imaging; AGFA |
By Modality Analysis
The radiography segment dominated the market and accounted for the largest revenue share of more than 49.0% in 2021. The segment is further expected to continue its dominance over the forecast period.
As this system has a wide range of applications and is less expensive and time-consuming than other systems. Furthermore, the increasing technological advancements is expected to boost market growth for this segment.
The mammography segment is also expected to grow at a significant rate over the forecast period, owing to the increasing incidence of breast cancer and rising awareness about the same amongst the population.
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By Technology Analysis
The Computed Radiography (CR) segment dominated the market for x-ray systems and accounted for the largest revenue share of 54.6% in 2021, owing to its lower initial costs.
CR is the first digital replacement for traditional x-ray film radiography with cassette-based Phosphor Storage Plates (PSP), which provides significant benefits such as the elimination of consumables and a significant reduction in image development time.
The Digital Radiography (DR) segment is anticipated to witness the fastest growth rate over the forecast period. There is a growing demand for DR since this system produces, high contrast resolution images at lower ionizing radiation using flat panel detectors (FPD).
By Mobility Analysis
The stationary x-ray systems segment dominated the market and held the largest revenue share of 65.0%in 2021. In developing countries, where the adoption of new technology is slower, stationary x-ray systems have been found to be in high demand.
An increase in demand for mobile x-ray systems is noted, ever since the covid-19 pandemic as this system has the flexibility to be carried around the hospital or to a patient’s home, thus decreasing the risk of virus transmission.
By End-use Analysis
The hospital segment dominated the market and accounted for the largest revenue share of 68.7% in 2021. In outpatient settings, x-ray system is a substantial source of revenue, also there is an increase in the number of patients visiting hospitals with various chronic disorders.
Siemens Healthineers announced its partnership with Kantonsspital Baden, a hospital in Switzerland, this partnership involves imaging system procurement and maintenance, training programs, and research support.
The diagnostic imaging center segment is expected to witness significant growth during the forecast period. Imaging centers provide a comprehensive range of diagnostic and preventative health services.
The growing patient population with chronic disorders is an opportunity for radiologists to provide stand-alone outpatient imaging centers.
By Regional Analysis
North America dominated the market and accounted for the largest revenue share of 30% in 2021. The market is being influenced by factors such as increasing adoption of modern technology and improved healthcare infrastructure, strong purchasing power, and a fair reimbursement framework.
In Asia Pacific, the market for x-ray systems is estimated to witness the fastest CAGR during the forecast period owing to the increased demand for better imaging devices and supportive government initiatives for improving healthcare infrastructure in the region.
Key Players
- Koninklijke Philips N.V.
- Siemens Healthineers AG
- GE Healthcare
- Canon Medical Systems
- Shimadzu Corporation
- FUJIFILM SonoSite, Inc.
- Carestream
- Mindray Medical International Limited
- Hologic, Inc
- New Medical Imaging
- AGFA
Market Segmentation
- By Modality
- Radiography
- Fluoroscopy
- Mammography
- By Technology
- Digital radiography
- Computed radiography
- By Mobility
- Stationary
- Mobile
- By End-use
- Hospitals
- Diagnostic imaging centres
- Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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