X-ray Market Detailed In New Research Report 2021 | Siemens AG, Toshiba Medical System, Hitachi Medical Corporation, Shimadzu Corporation

The rising prevalence of fractures, orthopedic problems, and cancer, as well as technological improvements in X-ray technologies for better image quality and lowering dosage methods, are propelling the global X-ray market. X-ray is a type of electromagnetic ionizing radiation that has numerous diagnostic applications. Technological advancements and the introduction of novel X-ray technologies are propelling the global X-ray market growth. For instance, Siemens Healthineers introduced Cios Spin, a mobile C-arm, in the U.S. in October 2017. The Cios Spin mobile arm assists with intraoperative 3D imaging.

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Furthermore, due to its great generative power, X-ray can scan substantial parts of the body such as the hips area, as well as more thick tissue in overweight patients. Such developments have permitted easy and direct viewing of pictures on the screen, which has altered the trend away from traditional X-ray procedures and toward digital X-ray methods, which do not require processing before viewing. CT scans are used in emergencies because they provide immediate information for examining strokes, brain injuries, and heart diseases. For instance, in April 2017, Toshiba Medical released the Aquilion Lightning computed tomography CT, which offers higher pictures and might even assist in quick diagnosis. Continuous exposure to ionizing radiation, generates cell mutations, increasing the risk of cancer and this is expected to limit the expansion of the global x-ray market.

North America is expected to account for the largest share in the global x-ray market during the forecast period, due to a rise in bone fractures, cancer, and joint injuries in the region. According to the National Cancer Institute (NIH) 2018 estimates, in 2018 around 1,735,350 individuals of all age ranges in the U.S. will be reported with cancer.

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Key Takeaways of the X-ray Market:
• The global x-ray market is expected to witness a 7.8 % CAGR during the forecast period, due to a rise in product releases by major market players, cancer cases, and bone fractures. Falls lead to severe injury damage, such as hip and other fractures, head trauma, and bruises, which might also necessitate X-ray diagnosis. For instance, according to a World Health Organization (WHO) factsheet from 2018, every year there are around 37.3 million cases of falls that necessitate medical assistance, with an estimated 646,000 people dying as a result of falls globally.
• The portable segment is expected to increase traction across the modalities type during the forecast period, as portable devices reduce the amount of time spent in hospitals, leading to a lower risk of contracting hospital-acquired infections (HAIs).
• Among technologies, the digital radiography segment is expected to grow rapidly, as it decreases exposure to radiation and enhances the ability to detect diseases
• Among end-users, the hospital segment is expected to hold a dominant position in the market, owing to rising incidences of fractures, orthopedic disorders, and cancer
• Some of the key players contributing to the global X-ray market include Bracco Imaging S.p.A, Toshiba Medical Systems, GE Healthcare, Shimadzu Corporation, Hologic, Inc., Carestream Healthcare, Hitachi Medical Corporation, Canon, Inc., Siemens AG, and Philips Healthcare.

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