Pune, India, June 14, 2022 (GLOBE NEWSWIRE) -- The global medical x-ray market size is expected to reach USD 16.86 billion by 2028 while exhibiting a CAGR of 4.4% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled, “Medical X-ray Market, 2021-2028.” The report further mentions that the market stood at USD 12.14 billion in 2020 and is expected to experience exponential growth in the forthcoming years. This growth is attributable to the increasing prevalence of chronic disorders and the rising geriatric population worldwide that will propel the demand for advanced medical x-rays.
Industry Development:
- December 2020- Aroma AB introduced the new x-ray system Omnera 500A in the U.S. According to the company, the imaging system is equipped with automation features to improve efficiency and workflow during the patient’s care.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-x-ray-market-104862
Report Scope
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 4.4% |
| 2028 Value Projection | USD 16.86 billion |
| Base Year | 2020 |
| Market Size in 2021 | USD 12.48 billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 179 |
DRIVING FACTORS
Increasing Prevalence of Chronic Disorders to Boost Demand
According to the World Economic Forum, one in every three adults suffers from multiple chronic conditions. For instance, a combination of diabetes, cardiovascular diseases, cancer, and depressions, among others. The increasing prevalence of chronic disorders surges the mortality rate and the only option to save lives is early diagnosis, according to health experts. There, the growing demand for early diagnosis to avert the onset of several fatal chronic diseases is expected to boost the adoption of advanced medical x-ray systems globally. In addition to this, several manufacturers are focusing on developing advanced x-ray equipment that is likely to bode well for the global x-ray market in the forthcoming years. For instance,
- January 2020 - Trivitron Healthcare unveiled an advanced, digital x-ray for breast imaging at Arab Health, 2020. The company is focussed on developing advanced imaging systems to cater to the growing demand from the healthcare sector.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/medical-x-ray-market-104862
What does the Report Include?
The global medical x-ray market shares 2022 in USA report includes in-depth analysis of the product and focuses on key aspects such as product type, leading companies, technology type, end-user, and application. Moreover, it offers accurate insights into the recent trends and highlights key industry developments. The report further provides information on several factors that have contributed to the growth of the developed market using several research methodologies over recent years.
Fewer Hospital Appointments amid COVID-19 to Hamper Growth
The healthcare industry has been focused on treating the COVID-19 patients as per the guidelines by the government agencies globally. The medical institutions have either cancelled or postponed non-COVID-19 procedures leading to fewer hospital visits for the treatment of other medical conditions. This is likely to hinder market growth in the shorter run. However, once the novel coronavirus cases tend to cease, the medical x-ray market in USA will return to normalcy at the pre-pandemic level.
Geriatric Population to Triple by 2050
According to the United Nations, the total number of people ageing 80 years and above is expected to triple from 143 million in 2019 to over 426 million in 2050. The rising geriatric population is expected to drive the demand for innovative medical x-ray systems in the forthcoming years, thereby driving the medical x-ray market growth.
Order Full Report: https://www.fortunebusinessinsights.com/checkout-page/104862
Market Segmentation:
We have segmented the medical x-ray market share 2022 on the basis of product type, technology type, application, end-user, and region. On the basis of type, the market is divided into static and dynamic. Based on technology, the market is bifurcated into analog and digital. Furthermore, based on application, the market is categorized into dental, veterinary, cardiovascular, oncology, others. Additionally, based on application, the dental segment held a significant market share in 2020 and is expected to showcase exponential growth backed by the increasing prevalence of dental disorders among the adult and geriatric population.
Lastly, on the basis of region, the market is segregated into North America, Latin America. Europe, The Middle East and Africa, and Asia-Pacific.
| Segmentation | By Product Type
|
By Technology Type
| |
By Application
|
REGIONAL INSIGHTS
North America – The region is expected to dominate the global medical x-ray market during the forecast period. This is attributable to the increasing incidence of chronic disorders that propels the demand for advanced imaging systems such as medical x-rays in the region. North America stood at USD 4.52 billion in 2020.
Europe – Followed by North America, the region is expected to hold the second-position in the market due to growing adoption of x-rays to provide accurate and efficient diagnosis of chronic ailments.
Asia-Pacific – This region is expected to hold significant medical x-ray market share in terms of revenue during the forecast period. This is ascribable to factors such as supportive government initiatives to create awareness regarding technologically advanced imaging systems between 2021 and 2028.
COMPETITIVE LANDSCAPE
Major Companies Focus on Product Innovation to Brighten Their Market Prospects
The global medical x-ray market comprises small, medium, and large companies focusing on strengthening their positions by developing advanced imaging systems. Moreover, other key players are adopting organic and inorganic strategies to maintain their presence in the global marketplace.
List of the Companies Profiled in the Global Market:
- Siemens Healthcare Private Limited (Erlangen, Germany)
- GENERAL ELECTRIC COMPANY (Illinois, United States)
- Carestream Health (New York, United States)
- Koninklijke Philips N.V. (Amsterdam, Netherlands)
- Shimadzu Corporation (Kyoto, Japan)
- CANON MEDICAL SYSTEMS CORPORATION (Tokyo, Japan)
- FUJIFILM Corporation (Stamford, Connecticut, United States)
- Varian Medical Systems, Inc. (California, United States)
- Other Prominent Players
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/medical-x-ray-market-104862
Table of Contents
- Introduction
- Global Medical X-ray Market Size Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Static
- Dynamic
- Market Analysis, Insights and Forecast – By Technology Type
- Analog
- Digital
- Market Analysis, Insights and Forecast – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Medical X-ray Market 2022 Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
- Static
- Dynamic
- Market Analysis – By Technology Type
- Analog
- Digital
- Market Analysis – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis – By Country
- U.S.
- Canada
- Europe Medical X-ray Market 2022 Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
- Static
- Dynamic
- Market Analysis – By Technology Type
- Analog
- Digital
- Market Analysis – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis – By Country/Sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia Pacific Medical X-ray Market in USA Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
- Static
- Dynamic
- Market Analysis – By Technology Type
- Analog
- Digital
- Market Analysis – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis – By Country/Sub-region
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
TOC Continued…….
Ask for Customization of this Report: https://www.fortunebusinessinsights.com/enquiry/customization/medical-x-ray-market-104862
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
