Medical X-Ray Equipment and Imaging Software Market 2021 Precise Outlook- GE Healthcare Inc., Koninklijke Philips NV, Hitachi Ltd, Canon Inc., Siemens Healthcare GmbH

The Medical X-Ray Equipment and Imaging Software Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The medical X-ray equipment and imaging software market was valued at USD 16.23 billion in 2019, and is expected to reach a value of USD 20.6 8 billion by 2025, at a CAGR of 3.92% over the forecast period (2020-2025). 

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Competitive Landscape:

Top Companies: GE Healthcare Inc., Koninklijke Philips NV, Hitachi Ltd, Canon Inc., Siemens Healthcare GmbH, Shimazdu Corporation, Carestream Health Inc., Fujifilm Holdings Corporation, Konica Minolta Inc., Varex Imaging Corporation, IBM Corporation, Hologic Inc.

Scope of the Report
X-ray equipment and imaging software are one of the basic healthcare systems incorporated in many of the hospitals and other medical facilities. X-ray imaging has a wide adoption in medical applications, as it allows non-invasive and painless diagnosis and therapy monitoring. X-ray imaging equipment is used to detect diverse diseases, such as fractures, infection, different cancers, and arthritis. The increasing number of cases associated with these diseases will have a positive impact on the market growth.

Industry News and Updates:

- January 2019 - Shimadzu Medical Systems, USA, acquired Core Medical Imaging Inc. to strengthen its healthcare business in the North American region. The latter provided medical imaging products and services, acting as an authorized dealer, including Shimadzu.
- May 2017 - Zeiss announced OCT angiography technology in collaboration with ARI Network, in order to offer faster, deeper, and wider imaging of the retina and choroid.

Key Market Trends:

Asia-Pacific to Account for a Significant Share
- Asia-Pacific is expected to grow at a higher rate than some of the regions, owing to the rising prevalence of chronic diseases and increased demand for quality healthcare. The growing implementation of PACS (Picture Archiving and Communication System) in digital X-ray systems will also drive the market substantially, attributed to the advantages, such as better image quality and less processing time.
- According to a report published by WHO, Asia-Pacific has the highest number of cases recorded for TB. The region accounted for 6.2 million recorded cases in 2017 and has been prone to outbreaks of severe acute respiratory syndrome (SARS) and avian influenza.
- The governments of emerging economies in the region are initiating efforts to improve the healthcare infrastructure in their respective countries. For instance, in 2018, the Ministry of Health collaborated with the government of China to install computed tomography (CT) scan units in 37 county hospitals. In installing these units, the government emphasized hospitals located along major highways to enhance fast diagnosis on victims of emergency cases, such as road accidents.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Medical X-Ray Equipment and Imaging Software Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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