Global X-Ray Market, 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), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 11,641.3 Million in 2022 and is expected to exhibit a CAGR of 7.8% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
The increasing adoption of inorganic strategies such as partnership is expected to drive the Market growth over the forecast period. For instance, in May 2022, Siemens Healthcare Private Limited, a medical device company announced the partnership with Penta Hospitals International. In this partnership, Siemens Healthcare Private Limited will provide on-site service and replacement of more than 20 imaging and monitoring devices which includes computed tomography, advanced therapies, magnetic resonance, X-ray, molecular imaging and nuclear medicine devices.
Global X-ray Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, the COVID-19 pandemic had a significant impact on the X-ray Market, owing to advantages of portable chest radiography. For instance, in November 2020, research paper was published by Radiological Society of North America, according to which, results shown by the portable chest radiography were positive. The dose exposure by radiograph was decreased with modified positioning, and the portable chest radiographs can be obtained with a 6-foot distance through a glass door with images that remain diagnostic compared with conventional portable radiographs which will ensure the safety of the staff as well as the diagnosis quality is maintained.
Global X-ray Market: Key Developments
In September 2022, Siemens Healthcare Private Limited, a medical device company and Drägerwerk AG & Co. KGaA, one of the leading medical and safety technology product manufacturer has contracted Central Franconian municipal hospital group ANregiomed, a joint public enterprise run by the Ansbach district and Ansbach city authorities. Siemens Healthcare Private Limited will supply diagnostic imaging and image-guided intervention devices for example radiology devices, to the Central Franconian municipal hospital group.
In August 2020, Canon Medical Systems, USA, a company providing diagnostic medical imaging solutions including computed tomography, magnetic resonance, X-Ray, Ultrasound and Healthcare Informatics, announced the launch of SOLTUS 500 Mobile Digital X-ray. SOLTUS 500 Mobile Digital X-ray provide advanced features that promote efficiency and patient safety.
Browse 35 Market Data Tables and 21 Figures spread through 156 Pages and in-depth TOC on “Global X-ray Market”- Forecast to 2030, Global X-ray Market, 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), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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https://www.coherentmarketinsights.com/market-insight/x-ray-market-1153
Moreover, increasing inorganic strategies like partnership by the key players is expected to drive the Market growth over the forecast period. For instance, in May 2021, FUJIFILM Corporation, designs, manufactures, and Markets healthcare solutions, material solutions, document solutions and imaging systems, announced the partnership with Qure.ai Technologies Private limited, a healthtech startup that uses artificial intelligence assistance for medical imaging diagnostics for augmentation of qXR, AI software used to analyze X-ray images to detect abnormal findings. qXR software when connected to FDR Xair system, Fujifilm’s portable X-ray will analyze X-ray images.
Key Takeaways of the Global X-ray Market:
- The global X-ray Market is expected to exhibit a CAGR of 7.8% during the forecast period due to the increasing adoption of strategies such as acquisition by the key players. For instance, in July 2022, Canon Medical Systems USA Inc., a commercial subsidiary of Canon Medical Systems Corporation, announced the completion of the acquisition of NXC Imaging, a medical imaging equipment distributor and service provider headquartered in Minneapolis, Minnesota. This acquisition will enhanced the distribution portfolio of X-ray devices.
- Among Modality, Portable segment is estimated to hold a dominant position in the global X-ray Market over the forecast period, owing to the reduced expense of X-ray imaging and reduce risk of infection during hospital visits. For instance, in July 2022, an article was published by ScienceDirect according to which Portable X-ray devices has the potential to free up expensive equipment and resources at major centre and it may reduce risks from hospital-acquired infection.
- Among regions, North America is estimated to account for the largest Market share in the global X-ray Market over the forecast period, owing to increase in adoption of inorganic strategies such as acquisition by the key players is expected to drive the Market growth over the forecast period. For instance, in March, 2022, Canon Medical Systems, USA, a subsidiary of Canon Medical Systems Corporation, announced acquisition of Nordisk Røntgen Teknik, a danish medical equipment manufacturer. Through this acquisition, Canon Medical Systems, USA, opens up access to European-based technology, development, and manufacturing for advanced multipurpose and motorized digital radiographic imaging solutions, such as X-ray, CT scan, MRI, etc.
- Major players operating in the global X-ray Market include 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 among other prominent players
