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Diagnostic X-Ray System Global Market Report 2024 - By Demand, Size, Share And Trends, Forecast To 2033
"The new report published by The Business Research Company, titled Diagnostic X-Ray System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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