X-Ray Market is estimated to be valued at USD 14,583.3 Mn in 2025 and is expected to reach USD 24,671.0 Mn by 2032, growing at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032.
| Report Coverage |
Report Details |
| Base Year: |
2024 |
Market Size in 2025: |
USD 14,583.3 Mn |
| Historical Data for: |
2020 To 2024 |
Forecast Period: |
2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: |
7.80% |
2032 Value Projection: |
USD 24,671.0 Mn |
An X-ray system is a medical imaging tool which is used to view, monitor, and diagnose bone fractures, cancer, abdominal pain, joint injuries, and infections and thus has wide applications in the healthcare industry. Considering its wide areas of application, the X-Ray Market is expected to gain significant traction in the near future. X-ray technology which is used for diagnosis include X-ray radiography, mammography, computed tomography (CT), and fluoroscopy. X-ray radiography detects bone fractures, dental problems, certain tumors, and other abnormal masses. Digital films are convenient and form electronic images that can be viewed faster than conventional medical X-ray films, which require processing and occupy ample space in hospitals. The X-ray technology is also used for therapeutic applications. For example, radiation therapy is used in cancer treatment. In radiation therapy, the X-ray and other types of high energy is used to destroy the cancerous tumors by damaging the genetic makeup i.e. DNA. The radiation dose used in such treatments is much higher compared to that used in diagnostic treatment. X-ray technology is also used in other types of diagnostic procedures, such as arteriograms, computed tomography (CT) scans, and fluoroscopy.
Market Dynamics
Increasing adoption of inorganic strategies such as acquisition by the key players to enhance the product portfolio in market is expected to drive market growth over the forecast period. For instance, in April 2021, DispatchHealth Management, LLC, a provider of mobile and virtual healthcare for people, announced the acquisition of Professional Portable X-Ray (PPX), a mobile imaging provider. This acquisition will enhance the services of DispatchHealth which will further include mobile radiology.
Key features of the study
- This report provides in-depth analysis of the global X-Ray Market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global X-Ray Market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Siemens Healthcare Private Limited, Shimadzu Corporation, Carestream Health, Koninklijke Philips N.V., Hitachi, Ltd, Canon Medical Systems, USA, General Electric Company, Bracco Imaging S.p.A., Hologic, Inc., FUJIFILM Corporation, Agfa-Gevaert Group, Konica Minolta, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Varex Imaging, MinXray, Inc., Varian Medical Systems, Inc., Source-Ray, Inc., Recorders & Medicare Systems P Ltd and other prominent players
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global X-Ray Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global X-Ray Market
X-Ray Market Segmentation
- By Modality Insights (Revenue, USD Mn, 2020 - 2032)
- By Product Type Insights (Revenue, USD Mn, 2020 - 2032)
- Rotating Anode Source
- Fix Anode Source
- By Technology Insights (Revenue, USD Mn, 2020 - 2032)
- Analog
- Computed Radiography
- Digital Radiography
- Flat Panel Detectors
- High Density Line Scan Solid State Detectors
- By Application Insights (Revenue, USD Mn, 2020 - 2032)
- General Radiography
- Chest Imaging
- Orthopedic
- Cardiovascular
- Dental
- Mammography
- Others
- By End User Insights (Revenue, USD Mn, 2020 - 2032)
- Hospitals
- Diagnostic Centers
- Research Centers
- Ambulatory Surgical Centers
- By Region (Revenue, USD Mn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- South Africa
- Central Africa
- North Africa
- Key Players Insights
- Siemens Healthcare Private Limited
- Shimadzu Corporation
- Carestream Health
- Koninklijke Philips N.V.
- Hitachi, Ltd
- Canon Medical Systems, USA
- General Electric Company
- Bracco Imaging S.p.A.
- Hologic, Inc.
- FUJIFILM Corporation
- Agfa-Gevaert Group
- Konica Minolta, Inc.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Varex Imaging
- MinXray, Inc.
- Varian Medical Systems, Inc.
- Source-Ray, Inc.
- Recorders & Medicare Systems P Ltd