What is the present valuation and projected CAGR of the x-ray systems devices and equipment market?
The X-ray systems devices and equipment market size has grown strongly in recent years. It will grow from $17.32 billion in 2024 to $18.51 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to medical diagnostics, population growth, aging population, preventive and routine healthcare.
The X-ray systems devices and equipment market size is expected to see strong growth in the next few years. It will grow to $23.65 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to digital transformation, specialized applications, population health management, advancements in radiation safety. Major trends in the forecast period include 3d and cone-beam ct imaging, point-of-care x-ray, ai-enhanced imaging, remote and mobile imaging.
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What key drivers have fueled the x-ray systems devices and equipment market’s development over the years?
The rising incidence of injuries occurring worldwide is driving the medical diagnostic X-ray systems, devices, and equipment market. Increasing accidents, sports injuries, severe muscle damages, bone injuries, and others are rising the market for diagnostic equipment, especially X-ray systems devices and equipment market. For instance, in December 2022, according to the National Health Service UK-based government department, in the year ending March 2022, England conducted 44.0 million imaging tests, reflecting a 26% increase from 34.9 million the previous year. Additionally, X-rays led with 21.8 million tests (up 30%), followed by ultrasound at 10.1 million (up 23%), CT scans at 6.7 million (up 21%), and MRI scans at 3.8 million (up 28%). All other imaging modalities also saw increases: fluoroscopy by 23%, nuclear medicine by 22%, SPECT by 39%, PET-CT scans by 20%, and medical photography by 11%. Therefore, The rising incidence of injuries occurring worldwide is driving the medical diagnostic X-ray systems, devices, and equipment market . .
What is the segmentation for the x-ray systems devices and equipment market?
The X-ray systems devices and equipment market covered in this report is segmented –
1) By Type: Portable Type, Stationary Type
2) By Product Type: Computed Tomography, Mobile X-Ray Devices, C-Arm Devices, Dental X-Ray, Mammography, Other Product Types
3) By image type: 2D images, 3D images, 4D images 4) By Technology: Analog X-Ray Machine , Digital X-Ray Machine
4) By Technology: Analog X-Ray Machine, Digital X-Ray Machine
5) By Application: Cardiovascular, Respiratory, Mammography, Dental, Orthopedics, Other Applications
Subsegments:
1) By Portable Type: Mobile X-Ray Systems, Handheld X-Ray Devices, Veterinary X-Ray Systems
2) By Stationary Type: Conventional X-Ray Systems, Computed Radiography (CR) Systems, Digital Radiography (DR) Systems, Fluoroscopy X-Ray Systems
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Who are the most influential companies in the x-ray systems devices and equipment market?
Major companies operating in the X-ray systems devices and equipment market include Siemens Healthcare, Carestream Health, Philips Healthcare, Hitachi Medical, GE Healthcare, Shimadzu Corporation, Fujifilm Holdings, Toshiba Medical Systems Corporation, Canon Inc., Agfa HealthCare N.V., Hologic Inc., Konica Minolta, Samsung, Analogic Corporation, Summit Industries, Rapiscan Systems, Swissray International Inc., Ziehm Imaging GmbH, RMS India, KUB Technologies Inc., Source Ray Inc., Allengers Medical Systems, Dentsply Sirona, Bennett, MinXray Inc., Varian Medical Systems, Angell Technology, Control-X Medical, DMS Imaging, Esaote, IAE SPA, Infimed Sp. z o.o., Medonica Healthcare Private Limited, PerkinElmer Inc., Planmed Oy
What are the top industry trends projected to impact the x-ray systems devices and equipment market?
The X-ray systems devices and equipment market is witnessing a rise in the number of mergers and acquisitions. Mergers and acquisition activity is being driven mainly by companies intending to diversify their business into the medical/diagnostic imaging and radiology businesses. In April 2024, Shimadzua company, manufacturing precision instruments, measuring instruments and medical equipment,based in Japan acquired X-ray Imaging Services, Inc for an undisclosed amount. The acquisition of California X-ray Imaging Services, Inc. (CIS) by Shimadzu Medical Systems USA aims to expand direct sales and service areas in the U.S., particularly on the West Coast.X-ray Imaging Services, Inc.is aan X-Ray Imaging is a premier security equipment supplier to governmental and business entitie based in the California .
Which geographic trends are shaping the x-ray systems devices and equipment market, and which region has the highest market share?
Western Europe was the largest region in the global X-ray devices and equipment market in 2023. North America was the second-largest region in global X-ray devices and equipment market share. The regions covered in the x-ray systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The X-Ray Systems Devices And Equipment Market Report 2025 Offer?
The x-ray systems devices and equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
X-ray devices and equipment use a medical imaging method known as radiography or X-ray to produce photographs of the internal bodily structures using minute amounts of electromagnetic energy. Then, these pictures can be seen on film or digitally. X-ray systems are used for the diagnosis and imaging of patients suffering from various diseases.
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