Diagnostic X-Ray System Global Market Report 2024 by The Business Research Company | Hitachi Ltd., General Electric Company, Thermo Fisher Scientific Inc., Siemens Healthineers, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Leidos Holdings Inc.

The diagnostic X-ray system market size has grown strongly in recent years. It will grow from $12.64 billion in 2023 to $13.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to regulatory standards, the aging population, healthcare infrastructure development, increased disease burden, and demand for advanced diagnostic tools.

The diagnostic X-ray system market size is expected to see strong growth in the next few years. It will grow to $19.76 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to the expansion of healthcare infrastructure, increasing demand for point-of-care diagnostics, focus on preventive healthcare, and growth in emerging markets. Major trends in the forecast period include portable and wireless systems, AI integration for enhanced diagnosis, adoption of low-dose radiation techniques, growth in point-of-care diagnostics, telemedicine and remote imaging.

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Diagnostic X-Ray System Market Major Segments
The diagnostic X-ray system market covered in this report is segmented -

1) By Product: Medical X-ray Devices, X-Ray Diffraction (XRD), Security X-Ray Devices, X-Ray Fluorescence (XRF), SAXS Or WAXS
2) By Application: Medical, Research And Development, Security
3) By End User: Hospital, Diagnostic Imaging Centers, Airports, Malls, Railway And Metro Stations, Government Facilities And Homeland Security

Key Driver - Rise In Surgical Procedures Fueling Diagnostic X-ray System Market Growth

The rise in surgical procedures is expected to propel the growth of diagnostic X-ray system market going forward. The rise in surgical procedures can be attributed to advancements in medical technology, increased access to healthcare services, aging populations, and the growing prevalence of chronic diseases requiring surgical intervention for diagnosis and treatment. Diagnostic X-ray systems are utilized in surgical procedures for pre-operative planning, intra-operative guidance, and postoperative assessment, providing real-time imaging of anatomical structures to aid surgeons in accurate localization and precise intervention. For instance, in April 2022, according to data from 294 participating plastic surgery practices across the U.S collected by the Aesthetic Society, a US-based organization of board-certified plastic surgeons, the surgical procedures saw a 54% increase, with an average of 320 surgical procedures performed by plastic surgeons in 2021. The cost of a typical surgical procedure also rose by 6% on average in 2021. Therefore, the rise in surgical procedures is driving the growth of the diagnostic X-ray system market.

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Prominent Trend - Development Of Advanced X-Ray Systems Transforming The Diagnostic X-Ray System Market

Major companies operating in the diagnostic X-ray system market are developing new X-ray systems that are based on advanced technology such as artificial intelligence, to enhance diagnostic capabilities, improve workflow efficiency, and optimize patient care. Artificial intelligence (AI) refers to the use of machine learning algorithms and computer vision techniques to analyze and interpret X-ray images for medical purposes. For instance, in December 2023, DeepTek.ai, an India-based medical imaging AI-based startup, launched the Augmento X-Ray, an FDA-cleared CADe chest X-Ray solution powered by AI that aims to alleviate radiologist workload and elevate chest X-ray reporting quality. It reduces radiologist workload by 30-50%, streamlines workflow, and improves patient care by offering detailed analysis for various lung, pleura, and cardiac conditions, as well as detecting foreign objects within the chest.

Diagnostic X-Ray System Market Players
Major companies operating in the diagnostic X-ray system market are Hitachi Ltd., General Electric Company, Thermo Fisher Scientific Inc., Siemens Healthineers, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Leidos Holdings Inc., B. Braun, Hologic Inc., Shimadzu Corporation, Canon Medical Systems Corporation, Bruker Corporation, Carestream Health Inc., OSI Systems Inc., Anton Paar GmbH, Malvern Panalytical Ltd., Smiths Detection Group Limited, Rigaku Corporation, NUCTECH COMPANY LIMITED, Astrophysics Inc., Proto Manufacturing Inc., Konica Minolta Healthcare Americas Inc., Toshiba Medical Systems Corporation, Medlink Imaging LLC, ODSecurity

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Largest And Fastest Growing Region In The Market
North America was the largest region in the diagnostic X-ray system market in 2023. The regions covered in the diagnostic X-ray system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Diagnostic X-Ray System Market Report Structure
3. Diagnostic X-Ray System Market Trends And Strategies
4. Diagnostic X-Ray System Market - Macro Economic Scenario
5. Diagnostic X-Ray System Market Size And Growth
…..
27. Diagnostic X-Ray System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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