Market Challenges And Opportunities

Global X-ray Machine Manufacturing Market Drivers:

Rise in burden of orthopedic diseases to propel market growth

One of the key factors expected to augment the growth of the global X-ray machine manufacturing market during the forecast period is the increase in prevalence of orthopedic diseases worldwide. Digital radiography is very helpful for examining the musculoskeletal system of trauma victims. For instance, according to the World Health Organization (WHO), musculoskeletal conditions are the leading contributor to disability worldwide, with low back pain being the single leading cause of disability in 160 countries; 1.71 billion people have musculoskeletal conditions worldwide. This in turn is driving the growth of the market.

Growing adoption of digital X-ray devices to drive market growth

Another factor which is driving the growth of the global X-ray machine manufacturing market is the increasing adoption of digital X-ray systems owing to their advantages. For instance, the major advantages of digital x-ray are easy accessibility and cost-effectiveness. Digital X-rays produce 80% less radiation as compared to traditional one, and this is beneficial for the long-term health of patients, especially for those suffering from a disease and pregnant women, thus ensuring safety. Moreover, digital X-ray systems provide better and clearer images with high resolution that can be enlarged or manipulated as needed, minimizing the need for repeating the procedure.

Global X-ray Machine Manufacturing Market Opportunities:

Rise in deployment of highly efficient security solutions owing to increase in number of terrorist attacks and smuggling activities worldwide is expected to provide significant growth opportunities for players in the global X-ray machine manufacturing market. For instance, according to the U.S. Drug Enforcement Administration (DEA), most of fentanyl, heroin, and/or methamphetamine are trafficked into the United States across the Southwest border. According to the Washington Office on Latin America (WOLA), over 90% of heroin consumed in the U.S. comes from Mexico. Thus, all the private passenger vehicles and commercial vehicles are scanned at the border.

Increasing demand for portable X-ray devices around the world is expected to provide significant growth opportunities for players in the global X-ray machine manufacturing market. For instance, portable X-ray machine is an X-ray unit that's smaller than a fixed one and can be moved. It allows professionals to take X-ray images of patients without having to call them into a special lead-lined room. In July 2022, Fujifilm Europe announced the launch of the new hybrid C-arm and portable X-ray device, named FDR CROSS. It is designed to offer high quality fluoroscopic and static x-ray images during surgery and other medical procedures.

Global X-ray Machine Manufacturing Market Restraints:

High cost of equipment to hinder market growth

One of the key factors expected to hamper the growth of the global X-ray machine manufacturing market is the high cost of equipment and high cost of installation. For instance, one of the largest deciding factors in the upgradation to digital X-ray systems is the cost of initial installation as well as cost of equipment. However, players in the market are now offering high-quality digital X-ray devices with long life, low maintenance, and everywhere service center availability. Moreover, the portable X-ray device offers several advantages compared to traditional X-ray systems.

Use of refurbished devices to hamper market growth

Another factor which is hampering the growth of the global X-ray machine manufacturing market is the rise in use of refurbished X-ray devices worldwide. For instance, the increasing demand for refurbished medical devices, such as X-ray devices, affect the sales of the new devices and restrict the entry of new devices into the market. Refurbished medical imaging equipment and parts are available at 40 to 60% down the Dominium prices of new devices. Several Original manufacturers also sells refurbished equipment due to their better acceptance in the market.