The global medical x-ray market size was estimated to be USD 14.35 billion in 2023 and is expected to reach at USD 27.13 billion by 2034 with a CAGR of 5.96% during the forecast period 2024-2034. Surge in demand for digital x-ray systems, rising advancements in x-ray technology, heightened emphasis on the development of advanced systems through smart technologies such as Artificial Intelligence (AI) & machine learning, evolving reimbursement policies for x-ray systems, growing burden of chronic diseases, increasing diagnostic imaging tests, surge in age-related disorders such as osteoporosis due to a growing geriatric population, a rise in neurological & musculoskeletal conditions, ongoing technological advancements in x-ray systems, expanding applications in detecting critical cardiac conditions such as coronary syndrome, abnormal blood flow to the heart muscles, & arterial blockages, market players are actively engaged in strong research & development efforts, and increasing introduction of innovative medical x-ray system are some of the key factors boosting the market growth.
Increasing introduction of innovative medical x-ray system is predicted to boost the market growth during the forecast period. In the realm of medical x-rays, the image is generated through a combination of a screen-film system, CR cassette, and digital detectors. In the past, analog x-ray systems were extensively employed due to their cost-effectiveness. However, contemporary trends involve upgrading existing analog x-ray systems in hospital facilities to digital ones using retrofit solutions. The growing demand for digital x-ray systems is driven by recent advancements in x-ray technology. These advancements encompass swift image transfer, lower radiation frequency compared to analog systems, enhanced safety, and superior image quality. The notable benefits of digital systems, including improved image quality, minimized radiation exposure, and enhanced efficiency with reduced downtime, contribute to the escalating demand for these systems. For instance, in July 2022, Siemens Healthcare GmbH introduced the Multix Impact E X-ray system during the European Congress of Radiology (ECR) held in Vienna. This unveiling aimed to enhance accessibility to healthcare services at a reasonable cost.
By product, dynamic was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to their capacity to deliver quicker results than alternatives and minimize unnecessary patient movements & transportation, growing investment by market players in dynamic or portable medical x-ray systems, rising advancements in technology within the x-ray system sector, and increasing focus on expansion by market players. For instance, in July 2023, Konica Minolta Healthcare Americas, Inc., has revealed a substantial extension of X-Ray systems featuring Dynamic Digital Radiography (DDR) at various healthcare facilities throughout the United States. These installations include Appleton Area Health, New Hampshire Neurospine Institute, Zwanger-Pesiri Radiology, and Summit Medical Center. Additionally, static is predicted to grow at fastest CAGR during the forecast period owing to the surge in hospitals' need for medical x-ray systems for imaging & diagnostic procedures, heightened collaboration among key industry players, an uptick in the utilization of static x-rays in busy imaging centers, orthopedic offices, urgent care facilities, & emergency departments in response to the growing prevalence of emergency situations.
By technology, digital was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to the expanding recognition of the advantages of digital x-ray imaging among healthcare professionals is leading to a rise in the introduction of digital x-ray systems. For instance, in July 2022, During the European Congress of Radiology (ECR) 2022, Siemens Healthcare GmbH unveiled its latest mobile X-ray system, named Mobilett Impact. Additionally, CR/analog is predicted to grow at fastest CAGR during the forecast period owing to the increasing acceptance of Computed Radiography (CR) is driven by its advantages over analog x-ray systems, which include enhanced image quality with decreased radiation exposure and a 60% reduction in procedure time.
By application, others was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to the growing prevalence of asthma, spinal, & orthopedic injuries, increasing demand for chest x-rays and orthopedic x-rays, rising launch of new products by major companies, and surge in collaborations within market players. For instance, in May 2022, Siemens Healthcare GmbH collaborated with Penta Hospitals International to extend its services to the private project, Next Generation Hospital Bory, located in Bratislava. The objective of this partnership is to enhance healthcare quality by incorporating precision medicine and digital health solutions. The range of services encompasses computed tomography, advanced therapies, MRI, X-ray, molecular imaging, and devices for nuclear medicine. Additionally, dental is predicted to grow at fastest CAGR during the forecast period owing to the growing prevalence of dental disorders among the geriatric and adult population, rising awareness regarding these disorders, and increased spending capacity for diagnosis purposes.
By end-user, diagnostic centers & others was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to the growing dependability of these centers for precise outcomes is attributed to the widespread accessibility of advanced x-ray equipment and proficient professionals. Additionally, hospitals & clinics is predicted to grow at fastest CAGR during the forecast period owing to the The rising need for x-ray systems in hospitals and clinics is driven by their widespread utilization in diagnostic applications. The enhancement of facilities, along with the incorporation of technologically advanced and innovative X-ray machines in hospitals and clinics. For instance, in April 2022, The Agfa-Gevaert Group implemented its VALORY digital radiography room across the 40 hospitals within the Aleris Group in Europe. Additionally, the hospitals have upgraded their existing x-ray systems to Agfa-Gevaert Group's digital x-ray system, aiming to improve radiology services.
Asia Pacific region is anticipated for the highest revenue share during the forecast period owing to the increasing governmental efforts to advance digitally sophisticated and portable medical x-ray systems, a surge in mergers & acquisitions among key industry players to offer AI-powered x-ray systems, a growing need for early disease diagnosis, escalating healthcare expenditure, a heightened focus on enhancing healthcare & hospital infrastructure, and rising launch of novel systems. For instance, in May 2023, Carestream Health unveiled the Carestream Motion Mobile X-ray System, a new device that integrates superior image quality with improved maneuverability and user-friendly features, catering to the needs of radiologists. Additionally, North America region is predicted to grow at fastest CAGR during the forecast period owing to the increase in emergency patient visits to healthcare facilities necessitating diagnostic x-rays, a positive reimbursement landscape facilitated by government healthcare programs for digital x-ray systems, a rise in the incidence of chronic diseases such as cancer & cardiovascular conditions, and growing introduction of advanced systems. For instance, in February 2022, NeuroLogica Corp., the U.S. arm of SAMSUNG ELECTRONICS CO., LTD., declared the rebranding of its digital radiography and ultrasound business as Boston Imaging. This initiative aims to offer inventive medical devices to the market.
Increasing introduction of innovative medical x-ray system is predicted to boost the market growth during the forecast period. In the realm of medical x-rays, the image is generated through a combination of a screen-film system, CR cassette, and digital detectors. In the past, analog x-ray systems were extensively employed due to their cost-effectiveness. However, contemporary trends involve upgrading existing analog x-ray systems in hospital facilities to digital ones using retrofit solutions. The growing demand for digital x-ray systems is driven by recent advancements in x-ray technology. These advancements encompass swift image transfer, lower radiation frequency compared to analog systems, enhanced safety, and superior image quality. The notable benefits of digital systems, including improved image quality, minimized radiation exposure, and enhanced efficiency with reduced downtime, contribute to the escalating demand for these systems. For instance, in July 2022, Siemens Healthcare GmbH introduced the Multix Impact E X-ray system during the European Congress of Radiology (ECR) held in Vienna. This unveiling aimed to enhance accessibility to healthcare services at a reasonable cost.
By product, dynamic was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to their capacity to deliver quicker results than alternatives and minimize unnecessary patient movements & transportation, growing investment by market players in dynamic or portable medical x-ray systems, rising advancements in technology within the x-ray system sector, and increasing focus on expansion by market players. For instance, in July 2023, Konica Minolta Healthcare Americas, Inc., has revealed a substantial extension of X-Ray systems featuring Dynamic Digital Radiography (DDR) at various healthcare facilities throughout the United States. These installations include Appleton Area Health, New Hampshire Neurospine Institute, Zwanger-Pesiri Radiology, and Summit Medical Center. Additionally, static is predicted to grow at fastest CAGR during the forecast period owing to the surge in hospitals' need for medical x-ray systems for imaging & diagnostic procedures, heightened collaboration among key industry players, an uptick in the utilization of static x-rays in busy imaging centers, orthopedic offices, urgent care facilities, & emergency departments in response to the growing prevalence of emergency situations.
By technology, digital was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to the expanding recognition of the advantages of digital x-ray imaging among healthcare professionals is leading to a rise in the introduction of digital x-ray systems. For instance, in July 2022, During the European Congress of Radiology (ECR) 2022, Siemens Healthcare GmbH unveiled its latest mobile X-ray system, named Mobilett Impact. Additionally, CR/analog is predicted to grow at fastest CAGR during the forecast period owing to the increasing acceptance of Computed Radiography (CR) is driven by its advantages over analog x-ray systems, which include enhanced image quality with decreased radiation exposure and a 60% reduction in procedure time.
By application, others was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to the growing prevalence of asthma, spinal, & orthopedic injuries, increasing demand for chest x-rays and orthopedic x-rays, rising launch of new products by major companies, and surge in collaborations within market players. For instance, in May 2022, Siemens Healthcare GmbH collaborated with Penta Hospitals International to extend its services to the private project, Next Generation Hospital Bory, located in Bratislava. The objective of this partnership is to enhance healthcare quality by incorporating precision medicine and digital health solutions. The range of services encompasses computed tomography, advanced therapies, MRI, X-ray, molecular imaging, and devices for nuclear medicine. Additionally, dental is predicted to grow at fastest CAGR during the forecast period owing to the growing prevalence of dental disorders among the geriatric and adult population, rising awareness regarding these disorders, and increased spending capacity for diagnosis purposes.
By end-user, diagnostic centers & others was the highest revenue-grossing segment in the global Medical X-ray Market in 2023 owing to the growing dependability of these centers for precise outcomes is attributed to the widespread accessibility of advanced x-ray equipment and proficient professionals. Additionally, hospitals & clinics is predicted to grow at fastest CAGR during the forecast period owing to the The rising need for x-ray systems in hospitals and clinics is driven by their widespread utilization in diagnostic applications. The enhancement of facilities, along with the incorporation of technologically advanced and innovative X-ray machines in hospitals and clinics. For instance, in April 2022, The Agfa-Gevaert Group implemented its VALORY digital radiography room across the 40 hospitals within the Aleris Group in Europe. Additionally, the hospitals have upgraded their existing x-ray systems to Agfa-Gevaert Group's digital x-ray system, aiming to improve radiology services.
Asia Pacific region is anticipated for the highest revenue share during the forecast period owing to the increasing governmental efforts to advance digitally sophisticated and portable medical x-ray systems, a surge in mergers & acquisitions among key industry players to offer AI-powered x-ray systems, a growing need for early disease diagnosis, escalating healthcare expenditure, a heightened focus on enhancing healthcare & hospital infrastructure, and rising launch of novel systems. For instance, in May 2023, Carestream Health unveiled the Carestream Motion Mobile X-ray System, a new device that integrates superior image quality with improved maneuverability and user-friendly features, catering to the needs of radiologists. Additionally, North America region is predicted to grow at fastest CAGR during the forecast period owing to the increase in emergency patient visits to healthcare facilities necessitating diagnostic x-rays, a positive reimbursement landscape facilitated by government healthcare programs for digital x-ray systems, a rise in the incidence of chronic diseases such as cancer & cardiovascular conditions, and growing introduction of advanced systems. For instance, in February 2022, NeuroLogica Corp., the U.S. arm of SAMSUNG ELECTRONICS CO., LTD., declared the rebranding of its digital radiography and ultrasound business as Boston Imaging. This initiative aims to offer inventive medical devices to the market.
Segmentation: Medical X-ray Market Report 2023 - 2034
Medical X-ray Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Dynamic
- Static
Medical X-ray Market Analysis & Forecast by Technology 2023 - 2034 (Revenue USD Bn)
- Digital
- CR/Analog
Medical X-ray Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Cardiovascular
- Dental
- Oncology
- Veterinary
- Others
Medical X-ray Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Diagnostic Centers & Others
- Hospitals & Clinics
Medical X-ray Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Medical X-ray Market: Product Estimates & Trend Analysis
8. Medical X-ray Market: Technology Estimates & Trend Analysis
9. Medical X-ray Market: Application Estimates & Trend Analysis
10. Medical X-ray Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Medical X-ray Market
13. Europe Global Medical X-ray Market
14. Asia Pacific Global Medical X-ray Market
15. Latin America Global Medical X-ray Market
16. MEA Global Medical X-ray Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Siemens Healthcare GmbH
- GE Healthcare
- Shimadzu Corporation
- FUJIFILM Holdings Corporation
- Carestream Health
- SAMSUNG ELECTRONICS CO. Ltd.
- Koninklijke Philips N.V.
- CANON MEDICAL SYSTEMS CORPORATION
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | January 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 14.35 Billion |
| Forecasted Market Value ( USD | $ 27.13 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
