X-ray Market Analysis Report, Regional Outlook with Key Players – Siemens, Canon Medical Systems, Shimadzu Corp., Carestream Health, Philips Healthcare, Canon, GE Healthcare, Bracco Imaging S.p.A, and Hologic

Coherent Market Insights has announced the addition of the “X-ray Market Size Status and Forecast 2025”, The report classifies the global X-ray Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global X-ray Speaker market, analyzes and researches the X-ray Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Siemens, Canon Medical Systems, Shimadzu Corp., Carestream Health, Philips Healthcare, Canon, GE Healthcare, Bracco Imaging S.p.A, and Hologic.

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X-ray system is a medical imaging tool, which is used to view, monitor and diagnose bone fractures, cancer, abdominal pain, joint injuries, and infections and thus has wide applications in the healthcare industry. Considering its wide areas of application, the X-ray market is expected to gain significant traction in the near future. X-ray technology used for diagnosis include X-ray radiography, mammography, computed tomography (CT), and fluoroscopy. X-ray radiography detects bone fractures, dental problems, certain tumors, and other abnormal masses. Digital films are convenient and form electronic images that can be viewed faster than conventional medical X-ray films, which require processing and occupy ample of space in hospitals. The X-ray technology is also used for therapeutic applications. For example, Radiation therapy is used in cancer treatment. In radiation therapy, the X-rays and other types of high energy is used to destroy the cancerous tumors by damaging the genetic makeup i.e. DNA. The radiation dose used in such treatments is much higher as compared to that used in diagnostic treatment. However, X-rays are not safe, as they causes harmful side effects such as cell mutations, which might lead to cancer. This poses as a major restraint for growth of the X-ray market.

X-rays make up X-radiation, a form of electromagnetic radiation that has wide application in medical imaging tools. They are used to view, monitor, and diagnose bone fractures, cancer, abdominal pain, joint injuries, and infection. Some of the X-ray technologies include, X-ray radiography, mammography, computed tomography (CT), and fluoroscopy. X-ray radiography is used to detect bone fractures, injuries, foreign objects, and dental problems. Mammography finds application in creating detailed images of the breast, whereas Computed Tomography (CT) produces detailed images of the body. Moreover, CT can provide high quality images of bones, internal organs, soft tissue and blood vessels with greater details as compared to conventional technologies. Live X-ray images on monitors are offered by Fluoroscopy. However, stringent U.S. FDA regulations and high manufacturing cost of X-ray system is expected to hinder growth of the X-Rays market.

Market Growth

Increasing incidence of fractures and orthopedic disorders are expected to boost growth of the X-ray market. According to the International Osteoporosis Foundation, osteoporosis causes over 8.9 million fractures, annually, worldwide. Increasing in incidence of cancer is also expected to contribute to growth of the market. According to National Cancer Institute, in 2016, around 1,685,210 new cases of cancer are projected to be diagnosed in the U.S. Moreover, companies are developing advanced technologies to improve imaging quality and reduce dose intake, in turn creating a conducive environment for growth of the X-ray market. For instance, in 2015, Carestream Health launched DRX-Evolution Plus. The new device offers great flexibility in high-ceiling rooms via an extended tube column as well as enhanced workflow and improved visualization. In January 2017, GE Healthcare launched new Senographe Pristina mammography system in the U.S. The device is designed in a way to make breast screening more comfortable.

X-ray equipment is widely used in detection of breast cancer, dental issues, chest imaging, and orthopedic disorder. According to American Cancer Society, as of 2017, around 252,710 new cases of invasive breast cancer are estimated to be diagnosed among women in the U.S. In 2012, Musculoskeletal conditions such as back pain and arthritis affected over 1.7 billion people in 2012, globally, according to a study on the global burden of the disease and its impact. Growing patient pool and increasing demand for diagnosing diseases, in turn, are expected to boost growth of the X-ray market. Furthermore, the aging population are highly susceptible to chronic diseases, orthopedic disorders, and dental issues, considering their weak immune system. According to the World Population Prospects report (2015) by the United Nations (UN), the global population aged 60 years and above is projected to increase by 56% from 901 million in 2015 to 1.4 billion by 2050. Thus, considering the high prevalence of breast cancer and orthopedic disorders, demand for X- ray systems is expected to increase, in turn, expected to fuel growth of the X-ray market over the forecast period.

Global X-Ray Market, By Modality:

Portable
Stationary

Global X-Ray Market, By Product Type:

Rotating Anode Source
Fix Anode Source

Global X-Ray Market, By Technology:

Analog
Computed Radiography
Digital Radiography
Flat Panel Detectors
High Density Line Scan Solid State Detectors

Global X-Ray Market, By Application:

General Radiography
Chest Imaging
Orthopedic
Cardiovascular
Dental
Mammography

Global X-Ray Market, By End User:

Hospitals
Diagnostic Centers
Research Centers
Ambulatory Surgical Centers

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2017 to 2025.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

X-ray is an ancient medical imaging device, which with continuous innovation, is widely being used for diagnosis and treatment purposes. Market players are developing innovative technology that provide enhanced safety, improved image quality, and reduced dose technique for diagnosing various diseases. This in turn, is expected to create high demand for X-ray systems. For instance, in 2015, Carestream Health launched DRX-Evolution Plus. The new device offers great flexibility in high-ceiling rooms via an extended tube column as well as enhanced workflow and improved visualization. In January 2017, GE Healthcare launched new Senographe Pristina mammography system in the U.S. The device is designed to make breast screening more comfortable. In April 2017, Toshiba Medical launched new Aquilion Lightning Computed tomography (CT), which provides high quality images and potentially helps with faster diagnosis.

In October 2017, Siemens Healthineers launched new Cios Spin, a mobile C-arm in the U.S. Cios Spin mobile arm provides potential benefits as a design aid intra-operative 3D imaging during demanding procedure. Moreover, with high generative power can scan the solid part of the body such as the hip and can also scan more dense tissues in obese patients. Thus, advanced technology integrated with X-ray systems is expected to boost growth of the X-ray market over the forecast period.

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