X-Ray Imaging Market by Type, Technology, Application, End-User

List of Tables

[198 Pages Report] The X-Ray Imaging Market size was estimated at USD 13.02 billion in 2023 and expected to reach USD 14.03 billion in 2024, at a CAGR 7.96% to reach USD 22.27 billion by 2030.

X-ray imaging is a medical imaging technique that uses X-rays to create images of the body's internal structures. A focused beam of X-ray radiation is directed toward the body during an X-ray procedure. X-ray imaging is commonly used to diagnose and monitor various conditions, including bone fractures, lung infections, dental problems, gastrointestinal issues, and certain tumors. It is a relatively quick and non-invasive imaging method, making it useful in emergencies or when a preliminary assessment is required. Moreover, the growing incidence of various disorders, rising usage of direct radiography, and numerous government regulations and initiatives for radiology are increasing the adoption of X-ray imaging systems. However, the lack of good safety protocols and health concerns related to radiation exposures significantly impedes the utilization of X-ray imaging. In addition, continuous technological advancements in digital X-ray systems and R&D activities to develop X-ray imaging systems are expected to create tremendous opportunities for the development of the X-ray imaging market.

KEY MARKET STATISTICS
Base Year [2023]	USD 13.02 billion
Estimated Year [2024]	USD 14.03 billion
Forecast Year [2030]	USD 22.27 billion
CAGR (%)	7.96%

Type: Rising popularity of mobile X-rays for efficient and cost-effective diagnostic

Mobile X-ray imaging can be used at any location with minimal equipment that relies on small detectors to produce high-resolution digital images without the need for bulky X-ray or CT machines. Mobile X-rays enable efficient and cost-effective use of diagnostic radiology, especially for remote areas with limited infrastructure. The usage of mobile X-ray machines has increased owing to their advantages, including potentially lower radiation dose due to their smaller size and cost savings compared to standalone or stationary units. On the other hand, standalone X-ray imaging requires large and complex machines that generate higher-quality images than mobile imaging systems and typically need specialized personnel to operate them. It provides higher accuracy of scans due to higher resolution images, a more extensive set of diagnostic tools, faster image acquisition, which can save time in emergencies, increased safety due to better shielding from radiation exposure, and increased storage capacity, allowing easier sharing of images with multiple healthcare professionals.

Technology: Growing adoption of digital X-rays for faster processing times and considerably lower costs

Analog X-ray imaging uses X-rays to create an image and relies on traditional film, which is exposed to X-rays and then developed in a darkroom or sent off to be processed. Digital X-ray imaging provides higher resolution than analog, providing much clearer pictures with greater detail, and involves capturing images directly onto a computer. Digital X-rays include higher-resolution images with greater detail, faster processing times, and considerably lower costs than analog technology. Additionally, digital X-rays have less environmental impact as they require fewer chemicals for development than analog X-rays.

Application: Significant use of X-ray imaging for orthopedic application

Chest X-rays are used to diagnose and monitor a variety of conditions, which can help identify pneumonia, tumors, bone fractures, abnormal lung tissue, heart failure, and other abnormalities. Chest X-rays provide detailed images of the lungs and chest cavity, allowing leading medical professionals to accurately diagnose and treat various medical conditions. Dental X-rays are a vital tool for diagnosing tooth decay, dental abscesses, abnormalities in the jawbone, and impacted teeth, among other dental issues. These radiographs provide a detailed image of the mouth used to identify problems and determine the suitable course of treatment for a patient's oral health needs. Moreover, the mammography imaging technique is used to detect breast cancer or abnormalities in the breasts, such as cysts or lumps, while also enabling doctors to diagnose potential diseases early on, which can improve overall patient outcomes. Orthopedic X-rays are essential for diagnosing issues with bones and joints, including fractures or arthritis. These radiographs provide a detailed view of the anatomy of bones, which helps medical professionals make more accurate diagnoses and formulate more effective treatment plans when needed.

End-User: Rising utilization across hospital for various medical procedures

X-ray imaging has numerous benefits, including early detection leading to improved patient outcomes while mitigating potential risks associated with radiation exposure through established safety protocols available for healthcare providers conducting these scans on patients routinely before and after surgeries, depending on their needs. In dental centers, X-ray imaging technology is primarily used to detect cavities or periodontal disease. It is most commonly used in diagnostic centers for diagnosing various medical conditions such as fractures and tumors. At the same time, hospitals have more varied uses for X-ray imaging technology, from diagnosing fractures and tumors to aiding in medical procedures such as angioplasty.

Regional Insights

In North America, the increasing adoption of modern technology and improved healthcare infrastructure raised the need for digital X-ray systems to provide higher-resolution images while reducing patient exposure to radiation. According to the Centers for Disease Control and Prevention (CDC), chronic disease is a major cause of disabilities and death in the U.S., accounting for nearly 6 in 10 adults. The growing number of private and public investments have propelled the rising awareness regarding the advantages of early diagnosis. Favorable demographic trends in the region increased the utilization of digital X-ray imaging. In Asia-Pacific, rapidly developing economies and enhancing healthcare services in China, Japan, and India, increased demand for better imaging devices and supportive government initiatives for improving healthcare infrastructure raised the adoption of X-ray imaging systems. The EMEA region has seen significant improvements in medical X-ray imaging technology over recent years, enabling more efficient diagnosis and accurate results by utilizing advanced scanning techniques such as computed tomography (CT).

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the X-Ray Imaging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the X-Ray Imaging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the X-Ray Imaging Market, highlighting leading vendors and their innovative profiles. These include Advin Health Care, Agfa-Gevaert Group, ALERIO X-Rays by IATOME ELECTRIC (I) Pvt. Ltd., Aspen Imaging Healthcare, BPL Medical Technologies Pvt. Ltd., Canon, Inc., Carestream Health, Inc., Detection Technology PLC, FUJIFILM Corporation, General Electric Company, Hologic, Inc., KA Imaging Inc., KaVo Dental GmbH, Konica Minolta, Inc., Koninklijke Philips N.V., KUB Technologies Inc., Medion Healthcare Pvt. Ltd., Micro-X Limited, MinXray, Inc., North Star Imaging Inc., Oehm und Rehbein GmbH, PROTEC GmbH & Co. KG, Rayence Inc., Recorders & Medicare Systems Pvt. Ltd., Samsung Electronics Co., Ltd., Seamark ZM Technology Co., Ltd., Shenzhen SONTU Medical Imaging Equipment Co., Ltd., Shimadzu Corporation, Siemens Healthcare Private Limited, Skanray Technologies Ltd., SternMed GmbH, and WIPOTEC GmbH.

Market Segmentation & Coverage

This research report categorizes the X-Ray Imaging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Mobile
- Standalone

Technology
- Analog X-Ray Imaging
- Digital X-Ray Imaging

Application
- Chest X-Ray Imaging
- Dental X-Ray Imaging
- Mammography X-Ray Imaging
- Orthopaedic X-Ray Imaging

End-User
- Dental Center
- Diagnostic Center
- Hospital

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the X-Ray Imaging Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the X-Ray Imaging Market?

3. What are the technology trends and regulatory frameworks in the X-Ray Imaging Market?

4. What is the market share of the leading vendors in the X-Ray Imaging Market?

5. Which modes and strategic moves are suitable for entering the X-Ray Imaging Market?

Product Code: MRR-0315DDADCE45

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising geriatric population and growing incidence of various disorders
  - 5.1.1.2. Favorable government regulations and initiatives for radiology
  - 5.1.1.3. Surging demand of X-ray imaging owing to rising usage of direct radiography
- 5.1.2. Restraints
  - 5.1.2.1. High maintenance and machines cost and health concerns related to radiation exposures
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous technological advancements in digital X-ray systems
  - 5.1.3.2. Ongoing R&D activities to develop X-ray imaging systems
- 5.1.4. Challenges
  - 5.1.4.1. Lack of sufficient safety protocols for radiation exposure
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising popularity of mobile X-rays for efficient and cost-effective diagnostic
- 5.2.2. Technology: Growing adoption of digital X-rays for faster processing times and considerably lower costs
- 5.2.3. Application: Significant use of X-ray imaging for orthopedic application
- 5.2.4. End-User: Rising utilization across hospital for various medical procedures
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. X-Ray Imaging Market, by Type

6.1. Introduction
6.2. Mobile
6.3. Standalone

7. X-Ray Imaging Market, by Technology

7.1. Introduction
7.2. Analog X-Ray Imaging
7.3. Digital X-Ray Imaging

8. X-Ray Imaging Market, by Application

8.1. Introduction
8.2. Chest X-Ray Imaging
8.3. Dental X-Ray Imaging
8.4. Mammography X-Ray Imaging
8.5. Orthopaedic X-Ray Imaging

9. X-Ray Imaging Market, by End-User

9.1. Introduction
9.2. Dental Center
9.3. Diagnostic Center
9.4. Hospital

10. Americas X-Ray Imaging Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific X-Ray Imaging Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa X-Ray Imaging Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Nanox.ARC Imaging System Receives FDA Clearance, Pioneering a New Era in Medical Imaging
- 13.3.2. Handheld X-ray device maker OXOS Medical scores USD 23 Million
- 13.3.3. Rayence Unveils the First X-ray Detector Technology Utilizing SPAD Technology
- 13.3.4. United Imaging Announces Multiple Partnerships in Middle East and Africa
- 13.3.5. Oxipit Closes USD 4.9 Million Funding Round to Advance AI Autonomy in Medical Imaging
- 13.3.6. Canon Medical Systems USA Inc. Announces a Strategic Partnership with ScImage
- 13.3.7. FUJIFILM India Unveils its New Range of Healthcare Imaging Products at IRIA 2023
- 13.3.8. KA Imaging's Reveal 35C Receives CE Mark Certificate
- 13.3.9. GE Healthcare Announces Moves to Bolster Supply of Iodinated Contrast Media for CT and X-Ray Imaging
- 13.3.10. Canon Medical Systems USA Inc. Announces Expansion of Distributorship with the Acquisition of NXC Imaging
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio