The x-ray systems devices and equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
X-Ray Systems Devices And Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The x-ray systems devices and equipment market size has grown strongly in recent years. It will grow from $16.98 billion in 2023 to $18.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. 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 $24.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. 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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Scope Of X-Ray Systems Devices And Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
X-Ray Systems Devices And Equipment Market Overview
Market Drivers –
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. According to the National Safety Council, a US-based non-profit organization promoting health and safety, in 2021, 224,935 injury-related deaths occurred in the US which was a 11.9% increase as compared to 2020. Number of nonfatal preventable injuries reached 62 million in 2021. With the increase in injuries and accidents across the globe, the number of urgent care facilities offering services such as blood tests, stitching, and X-rays also increased.
Market Trends –
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 2021, Siemens Healthineers AG, a company manufacturing x-ray devices and equipment based in Germany acquired Varian for an undisclosed amount. With this acquisition, the companies will address the need for precision and diagnosis of cancer care and aim to fight back cancer, and create a unique portfolio of lab
