X-Ray Systems Devices And Equipment Industry Growth Expected to Reach $23.65 Billion by 2029 at a CAGR of 6.3% | Segmentation and Growth Opportunities
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#How Has the X-Ray Systems Devices And Equipment Market Growth Performance Trended Historically, And What Lies Ahead?
In recent times, the market for X-ray systems devices and equipment has witnessed robust growth. The market is expected to expand from $17.32 billion in 2024 to $18.51 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. The notable growth during the historic period can be accredited to factors such as medical diagnostics, population growth, the aging population, and preventive and basic healthcare.
What Is the Forecast for the X-Ray Systems Devices And Equipment Market Size Through 2029?
Expectations are high for notable expansion in the X-ray systems devices and equipment market in the coming years. The market is predicted to reach a value of $23.65 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%. The projected growth during the forecast period is due to factors such as digital transformation, specialized applications, population health management, and improvements in radiation safety. Significant trends anticipated throughout this forecast period include 3D and cone-beam CT imaging, point-of-care X-ray, AI-enhanced imaging, and remote and mobile imaging.
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What are the Key Market Players in X-Ray Systems Devices And Equipment Market and How They’re Evolving?
Major companies operating in the X-ray systems devices and equipment market include Siemens Healthcare, Carestream Health, Philips Healthcare, Hitachi Medical, GE Healthcare, Shimadzu Corporation, Fujifilm Holdings, Toshiba Medical Systems Corporation, Canon Inc., Agfa HealthCare N.V., Hologic Inc., Konica Minolta, Samsung, Analogic Corporation, Summit Industries, Rapiscan Systems, Swissray International Inc., Ziehm Imaging GmbH, RMS India, KUB Technologies Inc., Source Ray Inc., Allengers Medical Systems, Dentsply Sirona, Bennett, MinXray Inc., Varian Medical Systems, Angell Technology, Control-X Medical, DMS Imaging, Esaote, IAE SPA, Infimed Sp. z o.o., Medonica Healthcare Private Limited, PerkinElmer Inc., Planmed Oy
What Are the Primary Growth Drivers in the X-Ray Systems Devices And Equipment Market?
The expansion of the medical diagnostic X-ray systems, machinery, and equipment industry is largely due to an escalating rate of global injuries. The demand for these diagnostic tools, particularly X-ray devices and equipment, is soaring with the rise in accidents, sports injuries, severe muscular damages, and bone injuries, among other things. To illustrate, the National Health Service UK-based governmental department reported in December 2022 that 44.0 million imaging tests were carried out in England in the year up to March 2022. This is a significant boost, with a 26% jump from last year’s 34.9 million. Moreover, X-rays led the way with 21.8 million tests, an increase of 30%, followed by ultrasound at 10.1 million (up by 23%), CT scans at 6.7 million (a 21% rise), and MRI scans at 3.8 million, marking a 28% surge. All other imaging modalities experienced increases as well: fluoroscopy by 23%, nuclear medicine by 22%, SPECT by 39%, PET-CT scans by 20%, and medical photography by 11%. Consequently, the international upsurge in injury incidents is propelling the growth of the medical diagnostic X-ray systems, devices, and equipment market.
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What Are the Leading Segments in the Global X-Ray Systems Devices And Equipment Industry?
The X-ray systems devices and equipment market covered in this report is segmented –
1) By Type: Portable Type, Stationary Type
2) By Product Type: Computed Tomography, Mobile X-Ray Devices, C-Arm Devices, Dental X-Ray, Mammography, Other Product Types
3) By image type: 2D images, 3D images, 4D images 4) By Technology: Analog X-Ray Machine , Digital X-Ray Machine
4) By Technology: Analog X-Ray Machine, Digital X-Ray Machine
5) By Application: Cardiovascular, Respiratory, Mammography, Dental, Orthopedics, Other Applications
Subsegments:
1) By Portable Type: Mobile X-Ray Systems, Handheld X-Ray Devices, Veterinary X-Ray Systems
2) By Stationary Type: Conventional X-Ray Systems, Computed Radiography (CR) Systems, Digital Radiography (DR) Systems, Fluoroscopy X-Ray Systems
What Are the Key Market Trends in the X-Ray Systems Devices And Equipment Industry?
There is an increase in mergers and acquisitions in the X-ray systems devices and equipment market. This surge is primarily fueled by companies looking to expand their operations into the medical/diagnostic imaging and radiology sectors. In April 2024, Japan-based precision, measuring, and medical equipment manufacturer, Shimadzu company, acquired X-ray Imaging Services, Inc. for an undeclared sum. Through the acquisition of California’s X-ray Imaging Services, Inc. (CIS), Shimadzu Medical Systems USA is looking to broaden its direct sales and service areas in the U.S., especially on the West Coast. X-ray Imaging Services, Inc. is a leading supplier of security equipment to governmental and business entities in California.
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What Is the Regional Outlook for the X-Ray Systems Devices And Equipment Market?
Western Europe was the largest region in the global X-ray devices and equipment market in 2023. North America was the second-largest region in global X-ray devices and equipment market share. The regions covered in the x-ray systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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This Report Delivers Insight On:
1. How big is the x-ray systems devices and equipment market, and how is it changing globally?
2. Who are the major companies in the x-ray systems devices and equipment market, and how are they performing?
3. What are the key opportunities and risks in the x-ray systems devices and equipment market right now?
4. Which products or customer segments are growing the most in the x-ray systems devices and equipment market?
5. What factors are helping or slowing down the growth of the x-ray systems devices and equipment market?
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