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How Is Spinal X-Ray and CT Market Driven by Easy Accessibility of Health Facilities?

09-26-2022 06:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

How Is Spinal X-Ray and CT Market Driven by Easy Accessibility

The healthcare industry has witnessed a boom in the demand for X-ray and CT scans in recent years. The constantly evolving technology and the advent of artificial intelligence in medical imaging have increased efficiency in the healthcare sector. Thus, the revenue generated by the global spinal X-ray and CT market was $917.9 million in 2021, and it is expected to grow with a CAGR of 6.4% from 2021 to 2030, to $1,602 million by 2030. A wide array of illnesses can easily be diagnosed and treated early by utilizing these radiology devices.

Market Overvew@ https://www.psmarketresearch.com/market-analysis/spinal-x-ray-ct-market

The COVID-19 outbreak had limited people's access to health facilities, considering the restrictions implemented by the governments to prevent the spread of the disease. But, radiology departments kept functioning, with the majorly performed procedures being X-rays and CT scans. Spinal conditions, such as fractures and infections, were a significant health concern. That is why the spinal X-ray and CT market size surged high when numerous other sectors struggled to generate revenue.

Elderly people being more prone to spinal injuries, including vertebral fractures, has increased the demand for diagnostic X-ray and CT facilities. On average, each year, 20,000 new spinal cord injuries are reported in the U.S. Road accidents, falling off stairs or from a certain height, and being hit by a hard object can easily fracture the vertebral column and injure the spinal cord. People usually seek the support of hospitals and clinics to diagnose spinal cord injuries, as they have all the enhanced equipment.

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North America held the largest spinal X-ray and CT market revenue share, of 40% globally, in the year 2021, owing to its advanced healthcare infrastructure and favorable reimbursement policies for radiological scans. The fastest-growing market for spinal X-ray and CT systems is APAC. Since the local companies have stepped into the market, numerous opportunities have been generated for the players. Moreover, developing countries, such as India, China, Brazil, and Mexico, are home to large populations and, hence, the demand for X-rays and CT scans is also increasing.

Hence, the advancements in health tech have increased the efficiency of radiology departments, thus helping them cater better to the rising demand for early diagnosis and treatment.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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P&S Intelligence
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Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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