Thursday, January 19, 2023

X-Ray Systems Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos


 

The growth of x-ray systems is rising mainly due to the increasing prevalence of chronic diseases such as cardiovascular diseases (CVDs), cancer, and chronic respiratory disease. For instance, according to the WHO, 17.9 million people die each year from CVDs, which is an estimated 32% of all deaths worldwide, and 85% of all CVD deaths are due to heart attacks and strokes. Additionally, X-ray imaging is recognized as a valuable medical tool for a wide variety of examinations and procedures and they non-invasively and painlessly help in the diagnosis of various chronic disorders. Thus, the rising technological advancement such as computed radiography systems and advancements in x-ray systems are also some of the other factors contributing to the growth of the x-ray systems market. Furthermore, growing research and development activities and clinical trial activities are responsible for the excessive use of x-ray systems and significantly contribute to the market. Moreover, advanced imaging techniques continue to develop with improvements in image quality, and dose reduction techniques. Therefore, the market for x-ray systems is expected to witness significant growth during the forecast period.  

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 According to UnivDatos Market Insights (UMI)’ research report “global x-ray systems market”, the market is expected to witness a growth of around 3% during the forecast period 2022-2028F. The global x-ray systems market is experiencing significant growth due to the increasing geriatric population, technological advancements, changing lifestyles, and an increase in incidences of cancer and orthopedic diseases therefore diagnostic imaging devices will drive the x-ray systems market. Furthermore, rising launches of new products and technology for x-ray devices will drive market growth. For instance, in November 2020, GE Healthcare announced the first AI algorithms set in a mobile x-ray device for automated measurements, case prioritization, and quality control.

Based on technology, the market is categorized into analog, computed radiography, and digital radiography. Among these, computed radiography is expected to witness a significant CAGR during the forecast period. This is mainly due to the use of consumables which is virtually eliminated and the time to produce an image is drastically shortened. Further, it is a widely used technology due to the lower initial costs.

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Based on application, the market is classified into cardiovascular, respiratory, mammography, cancer, orthopedics, and others. Amongst applications, the cancer category accounted for a significant share of the market. This is mainly due to the rising prevalence of cancer and recent advancements in X-ray technology. Thus, growth in the x-ray market can be attributed to the increasing prevalence of target diseases, and the high demand for early diagnosis and diagnostic imaging in the digital X-ray systems market.

North America to witness extensive growth

For a better understanding of the market adoption of the x-ray systems, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, the United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major share of the x-ray system industry. The major factors such as favorable government initiatives, increased investments in research and development for technologically advanced x-ray system devices, and the rapid increase in the geriatric population are propelling the growth of the market in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global x-ray systems market Agfa-Gevaert N.V., Bracco Imaging S.p.A., Fujifilm Holdings Corporation, GE Healthcare, Hitachi Ltd, Koninklijke Philips N.V., Shimadzu Corporation, Canon Medical Systems Corporation, Siemens Healthineers AG, Carestream Health Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global x-ray systems Market provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.      By Mobility (Portable, Stationary)

2.      By Product Type (Rotating Anode Source, Fix Anode Source)

3.      By Technology (Analog, Computed Radiography, Digital Radiography)

4.      By Application (Cardiovascular, Respiratory, Mammography, Cancer, Orthopedics, Others)

5.      By End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Others)

6.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

7.      By Company (Agfa-Gevaert N.V., Bracco Imaging S.p.A., Fujifilm Holdings Corporation, GE Healthcare, Hitachi Ltd, Koninklijke Philips N.V., Shimadzu Corporation, Canon Medical Systems Corporation, Siemens Healthineers AG, Carestream Health Inc.)

Key questions answered in the study:

1.      What are the current and future trends of the global x-ray systems industry?

2.      How the industry has been evolving in terms of mobility, product type, technology, application, and end user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global x-ray systems industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global x-ray systems suppliers across various region and countries?

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