Global Medical X-ray Market Set for Rapid Growth, to reach Value around USD 15,429.5 Million by 2023

23-Mar-2018 | Zion Market Research

Zion Market Research has published a new report titled “Medical X-ray Market by Product (Computed Radiography Detectors, Flat Panel Detectors, Line Scan Detectors, Charge Coupled Device Detectors [CCD]), by Technology (Direct Radiography [DR], Computed Radiography [CR],), by Portability (Portable Systems, Fixed Systems,), by Application (Dental, Veterinary, Mammography, Chest, Cardiovascular, Orthopaedics, Others) and by End Users (Diagnostic Centers, Hospitals  and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023”. According to the report, global medical x-ray market was valued at approximately USD 10,634.1 million in 2017 and is expected to generate revenue of around USD 15,429.5 million by end of 2023, growing at a CAGR of around 6.40% between 2017 and 2023. 

Advancement in medical radiation uses took place due to the gradual improvement in techniques and equipment. The presence of X-ray machines in most of the hospitals enables physicians to detect somatic problems, as well as trauma. A chest x-ray is the standard method used in the diagnosis of tuberculosis. Such factors will increase demand for a medical x-ray. Other factors driving medical x-ray market growth include advancement in medical imaging technologies coupled with rising prevalence of chronic diseases such as cardiovascular diseases, cancer and others, favorable reimbursement scenario and increasing funding on research and development activities. It has been observed that the demand for imaging procedure is high among women. Due to growing incidence rates of breast cancer in the female population. 

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Browse the full "Medical X-ray Market by Product (Computed Radiography Detectors, Flat Panel Detectors, Line Scan Detectors, Charge Coupled Device Detectors [CCD]), by Technology (Computed Radiography [CR], Direct Radiography [DR]), by Portability (Fixed Systems, Portable Systems), by Application (Dental, Veterinary, Mammography, Chest, Cardiovascular, Orthopaedics, Others) and by End Users (Diagnostic Centers, Hospitals and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023" report at  https://www.zionmarketresearch.com/report/medical-x-ray-market

The increasing incidences of mortality due to cardiac diseases, cancer amongst the elderly populations and growing number of road accidents which results in fractures is further expected to increase demand for medical x-ray procedures. X-ray is used in the treatment and detection of neurological related problems. Such problems will further drive medical x-ray market growth over the forecast period. 

Global Medical X-ray Market
 
The medical x-ray market is segmented on the basis of product into Computed Radiography Detectors, Flat Panel Detectors, Line Scan Detectors, Charge Coupled Device Detectors [CCD]), by Technology (Computed Radiography [CR], Direct Radiography [DR]. Flat panel detectors segment held major revenue share in global medical x-ray market throughout the forecast period.
 
Based on technology the market is segmented into Computed Radiography [CR] and Direct Radiography [DR]. Direct radiography contributed for major revenue share due to increasing number of dental problems, chest imaging, mammography and orthopedic. Based on portability, the market is segmented as portable and fixed systems. Portable systems dominated the medical x-ray market. 

Medical x-ray market on the basis of the application is segmented as dental, veterinary, cardiovascular, mammography, orthopedics and others. Chest application held major revenue share. The growth is attributed due to various applications, as it is also performed to diagnose chest injury.  

Hospitals, diagnostic centers, and others are the end-user segments of the global medical x-ray market. The hospital segment dominated the market in terms of revenue in 2017. The major revenue for hospitals segment is attributed due to a huge number of diagnostic procedures are mostly performed in hospitals.
  
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global advanced wound care market. North America and Europe are anticipated to remain the leading regions over the forecast period. There is good adoption rate of the advanced medical imaging techniques owing to the growing number of patients that are suffering from cardiovascular diseases, cancer. Increasing awareness levels regarding healthcare, the market for medical x-ray is growing significantly in the Asia-Pacific region. Developing nations such as China and India are the most promising markets owing to the huge population base and the increasing number of patients.

Some of the key players in advance wound care market include Hitachi Medical, Canon, GE Healthcare, Philips Healthcare, Shimadzu, Carestream Health,  PerkinElmer, Samsung Electronics, Varian Medical Systems, Hologic, Agfa and Dentsply Sirona. Major players are frequently engaged in mergers & acquisitions to retain their market share and diversify their product portfolio. 

This report segments the global medical x-ray market as follows:

Global Medical X-ray Market: Product Segment Analysis

  • Computed Radiography Detectors 
  • Flat Panel Detectors 
  • Line Scan Detectors
  • Charge Coupled Device Detectors [CCD]

Global Medical X-ray Market: Technology Segment Analysis

  • Computed Radiography [CR]
  • Direct Radiography [DR] 

Global Medical X-ray Market: Portability Segment Analysis

  • Portable systems
  • Fixed systems 

Global Medical X-ray Market: Application Segment Analysis

  • Mammography
  • Dental
  • Veterinary
  • Cardiovascular
  • Orthopedics
  • Chest
  • Others

Global Medical X-ray Market: End-User Segment Analysis

  • Hospitals
  • Diagnostic Centers
  • Others

Global Medical X-ray Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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