X-Ray Market will generate new growth opportunities 2024-2031 | Siemens Healthcare Private Limited, Shimadzu Corporation, Carestream Health

Market Overview:

X-rays are electromagnetic radiation of medium wavelength and high energy, mainly used for medical imaging in diagnosis and therapy by producing images of internal body structures. X-ray machines uses radiation for obtaining internal images of the human body including the bones, muscles, tissues and other internal structures.

Market Dynamics:

The X-Ray market is expected to witness significant growth over the forecast period owing to increasing prevalence of chronic and lifestyle diseases. According to statistics by WHO, Noncommunicable diseases cause approximately 41 million deaths each year, equivalent to 71% of all deaths globally. Of these, cardiovascular diseases account for most deaths, followed by cancer, respiratory diseases, and diabetes. Furthermore, growing geriatric population is increasing the demand for X-ray machines as elderly are more prone to chronic diseases and disorders. Additionally, technological advancements in X-ray imaging machines such as computed radiography and digital radiography systems are also contributing to the market growth. However, risk of high radiation exposure from repeated X-rays may hamper market growth over the forecast period.

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Major Drivers for Growth in the X-Ray Market: Increasing Incidences of Chronic Diseases Requiring Advanced Imaging Solutions

One of the major factors propelling the growth of the x-ray market is the rising incidences of chronic diseases worldwide that require advanced imaging technologies for accurate diagnosis. Chronic diseases such as cancer, cardiovascular diseases, neurological disorders are posing a significant healthcare burden. According to WHO, cancer is one of the leading causes of mortality worldwide, with about 10 million deaths in 2020. X-ray technologies play a crucial role in cancer screening and staging. Furthermore, technological advancements have enabled x-rays to be used for advanced imaging applications in oncology such as digital breast tomosynthesis and cone-beam CT.

The elderly population is also more susceptible to chronic diseases and age-related injuries that often require x-ray procedures. As per United Nations projections, the population aged 60 years and above is expected to double from 12% to 22% between 2015 and 2050. This demographic shift is anticipated to significantly drive the demand for diagnostic imaging tests including X-rays for effective diagnosis and treatment planning. Diagnostic imaging centers and hospitals are increasingly adopting new generation X-ray systems to meet the rising patient volumes.

Top Companies Covered In This Report:

◘ Siemens Healthcare Private Limited
◘ Shimadzu Corporation
◘ Carestream Health
◘ Koninklijke Philips N.V.
◘ Hitachi
◘ Ltd
◘ Canon Medical Systems
◘ USA
◘ General Electric Company
◘ Bracco Imaging S.p.A.
◘ Hologic Inc.
◘ FUJIFILM Corporation
◘ Agfa-Gevaert Group
◘ Konica Minolta Inc.
◘ Shenzhen Mindray Bio-Medical Electronics Co., Ltd.,
◘ Varex Imaging
◘ MinXray Inc.
◘ Varian Medical Systems Inc.
◘ Source-Ray Inc.
◘ Recorders & Medicare Systems P Ltd

Market Segmentation:

By Modality: Portable, Stationary

By Product Type: Rotating Anode Source, Fix Anode Source

By Technology: Analog, Computed Radiography, Digital Radiography (Flat Panel Detectors, High Density Line Scan Solid State Detectors)

By Application: General Radiography, Chest Imaging, Orthopedic, Cardiovascular, Dental, Mammography, Others

By End User: Hospitals, Diagnostic Centers, Research Centers, Ambulatory Surgical Centers

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Geographic Covered in the Report:

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

Major Restrain for the X-Ray Market: Stringent Safety Regulations Regarding Radiation Exposure

One of the key restraints hampering the growth of X-ray market is stringent regulations imposed by global healthcare agencies on the radiation dose from diagnostic imaging modalities. X-ray procedures emit ionizing radiation, and overexposure can be hazardous to patient health in the long run by increasing cancer risks. Regulatory bodies such as the US FDA and EU's Europe's radiation safety agency have laid down strict guidelines and dose limitation protocols for X-ray equipment and procedures.

The agencies mandate X-ray system manufacturers to equip devices with dose monitoring software, automatic exposure control, and collimation features to minimize scattered and leakage radiation. Periodic certifications are also required to ensure equipment performance and compliance with international safety standards. These stringent compliance requirements increase the design, testing, and commercialization costs for X-ray vendors. Furthermore, user facilities need to appoint radiation protection officers and monitor personnel exposure closely as per regulations. The additional investments and complex compliance procedures have hampered the unattended growth potential of X-rays to some degree.

Major Opportunity for the X-Ray Market: Growing Adoption of Mobile and Portable X-Ray Systems

The design of X-ray systems is evolving from bulky stationary gantry-based devices to compact and portable variants compatible for use in various healthcare settings. These portable X-ray devices offer an attractive opportunity for the market players. The growing preference for point-of-care diagnosis is driving adoption of mobile X-ray units suitable for emergency rooms, operating rooms, intensive care, and home healthcare. Mobile C-arms are highly popular intraoperative imaging solutions that provide 'see-as-you-treat' capability in the surgical field. Bedside and handheld X-ray devices further enhance accessibility in wards, ambulances, clinics, and off-site locations.

Reason to Buy this Report:

■ Study of the impact of technological developments on the market and the emerging trends shaping the industry in the coming years.
■ Analysis of the regulatory and policy changes affecting the market and the effects of these changes for market participants.
■ Summary of the competitive landscape in the X-Ray market, including profiles of the key players, their market share, and strategies for growth.
■Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
■Assessment of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.

Questions Answered by the Report:

(1) Which are the dominant players of the X-Ray Market?
(2) What will be the size of the X-Ray Market in the coming years?
(3) Which segment will lead the X-Ray Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the X-Ray Market?
(6) What are the go-to strategies adopted in the X-Ray Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 X-Ray Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in X-Ray Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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