The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s X-Ray Systems Devices And Equipment Global Market Report 2024, the X-ray systems devices and equipment market is expected to show promising growth in the forecast period.

The x-ray systems devices and equipment market has witnessed robust growth in recent years. In 2023, the market size reached $16.98 billion, experiencing a significant surge from which it is projected to grow to $18.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. This growth is primarily attributed to factors such as medical diagnostics, population growth, an aging population, and the emphasis on preventive and routine healthcare.

Projected Growth and Key Drivers in the Coming Years

1. The market is expected to continue its upward trajectory, reaching $24.44 billion in 2028, showcasing a CAGR of 7.4%.
2. The forecasted growth is fueled by digital transformation, specialized applications, population health management, and advancements in radiation safety.
3. Emerging trends include 3D and cone-beam CT imaging, point-of-care x-ray, AI-enhanced imaging, and remote/mobile imaging. 

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Growth In X-Ray Systems Market Driven By Increasing Demand For Diagnostic Imaging Procedures

1. Diagnostic Imaging Procedures and Market Demand
   • Diagnostic imaging procedures play a pivotal role in diagnosing diseases, monitoring treatment effectiveness, and planning surgeries.
   • In England alone, 40.3 million imaging procedures were reported between September 2020 and August 2021.
   • X-ray systems are crucial in identifying anomalies and aiding accurate diagnoses.
2. Key Players in the Market
   • Major companies dominating the market include Siemens Healthcare, Carestream Health, Philips Healthcare, GE Healthcare, and others.
   • Their expertise contributes significantly to the growth and innovation within the x-ray systems market.

NCRP’s Radiation Vital Sign And Innovations In Reducing Medical Radiation Exposure

1. NCRP’s Initiative for Reducing Radiation Exposure
   • In response to the FDA’s initiative, the National Council on Radiation Protection and Measurements (NCRP) recommends minimizing medical radiation exposure.
   • The introduction of a radiation vital sign risk score enhances patient safety and quality of care.
2. Innovations in Reducing Radiation Exposure
   • ControlRad, a medical technology company, observed a 57% reduction in radiation exposure to the thyroid of the first cardiologist and a 49% reduction for the secondary cardiologist using controlled procedures.
   • FDA clearance for ControlRad Select, available through Boston Scientific, facilitates retrofits on existing Siemens imaging systems.

Canon Medical Systems Expands European Presence With Acquisition Of Nordisk Røntgen Teknik (NRT)

1. Strategic Acquisition by Canon Medical Systems
   • In March 2022, Canon Medical Systems acquired Nordisk Røntgen Teknik (NRT), a Danish medical equipment manufacturer, strengthening its position in the European market.
   • The acquisition provides access to advanced radiographic solutions developed by NRT.

Segmentation and Market Dynamics

1. Market Segmentation
   • The x-ray systems market is segmented by type (portable, stationary), product type (CT, mobile x-ray, C-arm, dental x-ray, mammography, and others), image type (2D, 3D, 4D), technology (analog, digital), and application (cardiovascular, respiratory, mammography, dental, orthopedics, and others).
2. Regional Dominance
   • Western Europe emerged as the largest region in the global x-ray devices and equipment market in 2023, showcasing the region’s significance in driving market growth.

Conclusion: A Radiant Future for X-Ray Systems Market
The x-ray systems devices and equipment market’s remarkable growth, driven by increasing demand for diagnostic imaging procedures, technological innovations, and strategic acquisitions, presents a promising outlook. As the market continues to evolve, embracing digital transformation, specialized applications, and advancements in radiation safety, it is poised for sustained growth and innovation in the coming years. The key players and market dynamics outlined signify a vibrant and dynamic landscape, shaping the future of diagnostic imaging technologies.

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