PUBLISHER: Grand View Research | PRODUCT CODE: 1268841
PUBLISHER: Grand View Research | PRODUCT CODE: 1268841
The global medical X-ray image processor market size is anticipated to reach USD 999.5 million by 2030, expanding at 2.1% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the growing number of minimally invasive procedures, increasing number of surgeries, and rising number of dental procedures.
Moreover, in the upcoming years, the market for medical X-ray image processors is anticipated to expand as a result of factors including the rising incidence of chronic diseases, traumatic events such as accidents, and the advancement of new imaging technologies. For instance, as per Brake, around 1.35 million people die of road accidents, whereas, road crashes lead to around 20 - 50 million non-fatal injuries every year. This may increase the usage of X-rays, thereby impelling the market for X-ray image processors.
The market is also anticipated to gain from the growing use of digital imaging technologies, which have various advantages over older film-based imaging techniques. In addition, the rising number of dental procedures may further grow the demand for medical X-ray image processors. For instance, according to the National Institute of Dental and Craniofacial Research, every year around 53,000 people in the U.S. alone are diagnosed with oral cancer, and many of them require a surgical procedure to remove cancer. Hence, a rising number of dental surgical cases are expected to drive the X-ray image processor market over the coming year. Additionally, according to American Dental Association (ADA), 15 million root canal procedures are performed in the United States each year which may further boost the X-ray image processor market.