Medical X-ray Market Size, Share, Trends, Growth 2032

The global medical x-ray market size was worth around USD 14.25 billion in 2023 and is predicted to grow to around USD 23.97 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.95% between 2024 and 2032.

The report covers forecast and analysis for the medical x-ray market on a global and regional level. The study provides historic data of 2018 to 2022 along with a forecast from 2024 to 2032 based revenue (USD Billion).

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Medical X-ray Market: Overview

Medical imaging has led to improvements in the diagnosis and treatment of various medical conditions in adults and children. X-ray imaging examination is considered as an important medical tool for a wide range of procedures and examinations. The benefits of medical imaging systems include a noninvasive and painless procedure for disease diagnosis and monitor therapy. It also supports medical and surgical treatment plan and provides guidance for medical personnel as they insert catheters, stents, or other devices inside the body, for the treatment of tumors, or remove blood clots or other blockages. Such factors are expected to witness significant growth for global medical x-ray over the forecast period.

The Radiation Emitting Devices Regulation recommends safety performance. Medicare payment is expected to decrease by 20% in 2017, for providers who submit a claim for examination with analog x-ray under the provision Consolidated Appropriations Act. Furthermore, growing aging population base across the world undertaking x-ray examination are significantly increasing. As elder population are more prone to acquire chronic diseases and will increase demand for medical x-ray in the coming years. However, increased risk of exposure to high radiation among patients and high cost associated with the installation of medical imaging systems may hinder industry growth.

The study includes drivers and restraints for the medical x-ray market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical x-ray market on a global level.

In order to give the users of this report a comprehensive view on the medical x-ray market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segment, technology segment, portability segment, application segment and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

Medical X-ray Market: Segmentation

The study provides a decisive view on the medical x-ray market by segmenting the market based on product, technology, portability, application, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the product the market is segmented into computed radiography detectors, flat panel detectors, line scan detectors, Charge Coupled Device Detectors [CCD].

On the basis of technology, the market is segmented into Computed Radiography [CR], Direct Radiography [DR]. Based on portability the market is segmented into fixed systems, portable systems.

Based on application the market is segmented as dental, veterinary, mammography, chest, cardiovascular, orthopaedics and others. Based on end users the market is segmented into diagnostic centers, hospitals and others category.

Medical X-ray Market : Report Scope

Medical X-ray Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including the U.S., Canada, Rest of North America, U.K., Germany, France, Rest of Europe, China, Japan, India, Rest of Asia Pacific, Brazil, Rest of Latin America, and Rest of Middle East and Africa. This segmentation includes demand for medical x-ray market based on product, technology, portability, application and end users in all the regions and countries.

North America held a major revenue share of the global medical x-ray market for in 2023 and the region is anticipated to continue with its regional supremacy over the forecast period. The growth of this regional market is attributed due to the high adoption rate of novel technology and presence of well-established healthcare infrastructure. Asia-Pacific is projected to grow at a significant CAGR, due to rising geriatric population, the high prevalence of chronic diseases that require diagnosis and treatment and increasing unmet medical needs.

Medical X-ray Market: Competitive Analysis

The global Medical X-ray market is dominated by players like:

• Hitachi Medical
• Canon
• GE Healthcare
• Philips Healthcare
• Shimadzu
• Carestream Health, 
• PerkinElmer
• Samsung Electronics
• Varian Medical Systems
• Hologic
• Agfa
• Dentsply Sirona

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
• Middle East and Africa