Medical X-ray Films Market - Forecast(2024 - 2030)

Report Code: ESR 77770 Report Format: PDF + Excel

Medical X-ray Films Market Overview

Medical X-ray Films Market Size is forecast to reach $1.0 billion by 2026, at a CAGR of 1.1% during 2021-2026. The increasing occurrences of chronic diseases, coupled with the rising number of diagnostic imaging procedures and significant spending on healthcare across the world, have been instrumental in driving the medical X-ray films market. An increase in number of radiography tests performed in hospitals is one of the major factors pushing the demand for Medical X-ray Film. Moreover X-ray techniques have been useful in the detection treatment of neurological problems, cancer, cardiac diseases, and bone-related problems. This has buoyed the adoption of X-ray equipment, and consequently the use of X-ray films. Further growing development activities by companies are analyzed to drive the Medical X-ray Films industry growth. In 2019, Eastman Kodak Company introduced of the KODAK Industrial X-Ray Films and chemicals for non-destructive testing (NDT). The reintroduction of non-destructive testing X-ray film products highlights Kodak’s ongoing commitment and investment in film. Further increasing adoption of digital X-ray Systems and digital diagnostic imaging will hamper the Medical X-ray Films industry outlook in the forecast period 2021-2026.

Report Coverage

The report: “Medical X-ray Films Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Medical X-ray Films market

By Emulsion Type: Single Emulsion, Double Emulsion

By Portability: fixed, Portability

By End Users: Diagnostic Centers, Hospitals, Research and Educational Institutions

By Application: Dental, Veterinary, Mammography, Chest, Cardiovascular, Orthopedics, Others

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

Key Takeaways

  • Medical X-ray Films market in Asia-Pacific region held significant market share of 36.5% in 2020, the move toward digital radiography is slow in the region when compared to other regions.
  • Increasing adoption of cosmetic dentistry, the introduction of innovative products, and the rising prevalence of dental disorders are driving the market.
  • Further the emerging economies of Brazil, Turkey, India, and China have been among the largest adopters of analogue X-ray equipment. While, these countries have been well informed of the newest digital equipment, yet a majority of the hospitals have been reluctant to update their existing equipment, owing to the capital investment already made.
  • The evolution and adoption of digital X-ray systems and flat panel detectors instead of films that deliver a user-friendly, smart workflow for imaging centres have posed a major threat to the X-ray films market.

Global Medical X-ray Films Market, By Region, 2020 

Medical X-ray Films Market

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Medical X-ray Films Market Segment Analysis - By Type

Double Emulsion segment is growing at a CAGR of 1.4% in the forecast period 2021-2026. Most of these film used in radiography has an emulsion layer on each side of the base so that it can be used with two intensifying screens simultaneously. In addition double emulsion film requires less exposure as compared to single emulsion film. Most of the films, used in the radiography, are the double emulsion films. For the reason of decreasing the patient exposure in the extra-oral radiographies and to optimize the speed, the film-screens that usually have two emulsions are widely used. Further, the double emulsion can amplify the speed twice of that could be attain by the single emulsion film and results in decreasing the exposure and patient dose. Double emulsion film usually used for taking tomograms requires less exposure than single emulsion film; on the other hand, the latter provides more sharpness and spatial resolution. Hence these benefits are analysed to drive the growth rate of the Medical X-ray Films market in the forecast period 2021-2026.

Medical X-ray Films Market Segment Analysis - By End User  

Diagnostic Centers in Medical X-ray Films market is expected to witness a highest CAGR of 1.5% the forecast period. An aging population across the world that is more prone to chronic diseases and ailments is expected to further drive industry growth. The increasing importance of diagnosis well in advance, coupled with a rise in government spending in healthcare that has reflected in the increasing shipments of medical diagnostic equipment, is expected to positively affect the market growth. The X-ray equipment market has held the largest share of the overall medical diagnostics, which has been a significant driver for the X-ray film market and has been buoyed by its usage in mammography, veterinary, and dental applications. Major players are investing in emerging countries to gain a strong foothold on the market. For instance, in 2019, Dalian Wanda Group Co. Ltd announced to invest $10 billion in a health park in China. This investment is expected to be done after the government eases the norms for FDI in the Chinese private healthcare sector. Similarly, in 2019, Neuberg Diagnostics, an alliance of diagnostic companies, has firmed up plans to expand in West Asia and across states within India. Hence these developments and expansions are further estimated to affect the Medical X-ray Films market share positively.

Medical X-ray Films Market Segment Analysis - By Geography

Medical X-ray Films market in Asia-Pacific region held significant market share of 36.5% in 2020, the move toward digital radiography is slow in the region when compared to other regions. This is because of the reliance on x-ray radiography to diagnose the ailment and diseases of the internal body parts. The emerging economies of Brazil, Turkey, India, and China have been among the largest adopters of analog X-ray equipment. While, these countries have been well informed of the newest digital equipment, yet a majority of the hospitals have been reluctant to update their existing equipment, owing to the capital investment already made. Furthermore, the lack of skilled personnel to use and manage digital X-ray equipment has also hindered their adoption in these regions. Thus, owing to the slower adoption of digital radiography, the Medical X-ray Films industry in APAC is expected to witness the fastest CAGR, over the forecast period.

Medical X-ray Films Market Drivers

Continued Adoption of Analogue System

The continued adoption of traditional X-ray equipment in developing economies will drive the Medical X-ray Films Market in the forecast period. A new digital X-ray machine costs between $0.2-0.25 million. However, high-cost associated with the installation of medical imaging systems and increased risk of exposure to high radiation among patients are expected to hinder the market for X-ray medical diagnosis. Further the emerging economies of Brazil, Turkey, India, and China have been among the largest adopters of analog X-ray equipment. While, these countries have been well informed of the newest digital equipment, yet a majority of the hospitals have been reluctant to update their existing equipment, owing to the capital investment already made. Furthermore, the lack of skilled personnel to use and manage digital X-ray equipment has also hindered their adoption in these regions.

Slow adoption of Digital X-Ray in Dental Industry drive the market growth

Increasing adoption of cosmetic dentistry, the introduction of innovative products, and the rising prevalence of dental disorders are driving the market. Due to the increasing prevalence of dental caries and periodontal diseases, severe dental impairment has been reported in developed and developing countries. According to 2019 Centres for Disease Control and Prevention (CDC) statistics, 92% of the U.S. population aged 20-64 years reported dental caries. In addition, periodontal diseases are considered a public health concern with a rise in their prevalence among adolescents as well as adults. The various risk factors associated with this disorder include poor oral hygiene, diabetes, stress, and smoking. Hence rise in dental attacks and the high cost involved in switching to digital X-ray systems, digital radiography systems are some of the major factor driving this segment.

Medical X-ray Films Market Challenges

Emergence of Digital Radiography

From the past two decades, digital radiography systems has supplanted screen-film radiography in many radiology departments. Manufacturers are providing a variety of digital imaging solutions based on various detector and readout technologies. In addition, image distribution in hospitals can be achieved electronically by means of web-based technology with no risk of losing images. Other advantages of digital radiography include higher patient throughput, increased dose efficiency, and the greater dynamic range of digital detectors with possible reduction of radiation exposure to the patient. Further increased dose efficiency, and the greater dynamic range of digital detectors with possible reduction of radiation exposure to the patient is analyzed to drive the adoption of digital radiography. With regular discoveries and developments in dentistry, dentists are adopting the new technology to ensure that they provide the most effective and fast treatments and procedures. The evolution and adoption of digital X-ray systems and flat panel detectors instead of films that deliver a user-friendly, smart workflow for imaging centers have posed a major threat to the X-ray films market.

Medical X-ray Films Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Medical X-ray Films market. Medical X-ray Films top 10 companies include Fujifilm, Konica Minolta, AGFA, Carestream Health, Codonics, SONY, Colenta, FOMA BOHEMIA Ltd, Luckyfilm, and Tianjin Media among others.

Acquisitions/Product Launches

In 2019, Eastman Kodak Company introduced of the KODAK Industrial X-Ray Films and chemicals for non-destructive testing (NDT). The reintroduction of non-destructive testing X-ray film products highlights Kodak’s ongoing commitment and investment in film.

Relevant Report Titles:

Report Code: HCR 0249

Report Code: HCR 36304

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1. Medical X-ray Films Market - Market Overview
    1.1 Definitions and Scope
2. Medical X-ray Films Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by geography
3. Medical X-ray Films Market– Industry Landscape
    3.1 Comparative Analysis
        3.1.1 product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis 
        3.1.5 Pricing Analysis
4. Medical X-ray Films Market - Startup companies Scenario Premium (Premium)
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Medical X-ray Films Market - Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Medical X-ray Films Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
7. Medical X-ray Films Market - By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Cain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Supplier/Distributor Analysis
8 Medical X-ray Films Market – By Emulsion Type (Market Size -$Million/Billion)
    8.1 Single Emulsion
    8.2 Double Emulsion
9 Medical X-ray Films Market – By Application (Market Size -$Million/Billion)
    9.1 Dental
    9.2 Veterinary
    9.3 Mammography
    9.4 Chest
    9.5 Cardiovascular
    9.6 Orthopedics
    9.7 Others
10 Medical X-ray Films Market – By End User (Market Size -$Million/Billion)
    10.1 Diagnostic Centers
    10.2 Hospitals
    10.3 Research and Educational Institutions
11 Medical X-ray Films Market – By Geography
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Chile
        11.2.4 Others
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Belgium
        11.3.7 Spain
        11.3.8 Russia
        11.3.9 Others
    11.4 APAC
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 Indonesia
        11.4.6 Malaysia
        11.4.7 Australia & New Zealand
        11.4.8 Others
    11.5 ROW
        11.5.1 Middle East
        11.5.2 Africa
12 Medical X-ray Films Market – Entropy
13 Medical X-ray Films Market – Industry / Segment Competition landscape Premium (Premium)
    13.1 Market Share Analysis
        13.1.1 Market Share by Region- Top 10 companies
        13.1.2 Market Share by type of Industry vertical – Top 10 companies
        13.1.3 Market Share by type of component- Top 10 companies
        13.1.4 Market Share at global level- Top 10 companies
        13.1.5 Best Practices for companies
14 Medical X-ray Films Market – Key Company List by Country Premium (Premium)
15 Medical X-ray Films Market -Company Analysis
    15.1 Northrop Grumman Corporation
    15.2 Leonardo DRS
    15.3 Elbit Systems Ltd.
    15.4 BAE Systems plc
    15.5 FLIR Systems.
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best efforts basis for private companies"
16 Medical X-ray Films Market –Appendix (premium)
    16.1 Abbreviations Sources
    16.2 Sources
17 Medical X-ray Films Market -Methodology Premium (premium)
    17.1 Research Methodology
        17.1.1 Company Expert Interviews
        17.1.2 Industry Databases
        17.1.3 Associations
        17.1.4 Company News
        17.1.5 Company Annual Reports
        17.1.6 Application Trends
        17.1.7 New Products and Product Database
        17.1.8 Company Transcripts
        17.1.9 R&D Trends
        17.1.10 Key Opinion Leaders Interviews
        17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By End User Market 2019-2024 ($M) - Global Industry Research
1.1.1 Diagnostic Centers Market 2019-2024 ($M)
1.1.2 Hospitals Market 2019-2024 ($M)
1.1.3 Research and Educational Institutions Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By End User Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Diagnostic Centers Market 2019-2024 (Volume/Units)
3.1.2 Hospitals Market 2019-2024 (Volume/Units)
3.1.3 Research and Educational Institutions Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By End User Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Diagnostic Centers Market 2019-2024 ($M)
5.1.2 Hospitals Market 2019-2024 ($M)
5.1.3 Research and Educational Institutions Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By End User Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Diagnostic Centers Market 2019-2024 ($M)
7.1.2 Hospitals Market 2019-2024 ($M)
7.1.3 Research and Educational Institutions Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By End User Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Diagnostic Centers Market 2019-2024 ($M)
9.1.2 Hospitals Market 2019-2024 ($M)
9.1.3 Research and Educational Institutions Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By End User Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Diagnostic Centers Market 2019-2024 ($M)
11.1.2 Hospitals Market 2019-2024 ($M)
11.1.3 Research and Educational Institutions Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By End User Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Diagnostic Centers Market 2019-2024 ($M)
13.1.2 Hospitals Market 2019-2024 ($M)
13.1.3 Research and Educational Institutions Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)

LIST OF FIGURES

1.US Medical X-ray Films Market Revenue, 2019-2024 ($M)
2.Canada Medical X-ray Films Market Revenue, 2019-2024 ($M)
3.Mexico Medical X-ray Films Market Revenue, 2019-2024 ($M)
4.Brazil Medical X-ray Films Market Revenue, 2019-2024 ($M)
5.Argentina Medical X-ray Films Market Revenue, 2019-2024 ($M)
6.Peru Medical X-ray Films Market Revenue, 2019-2024 ($M)
7.Colombia Medical X-ray Films Market Revenue, 2019-2024 ($M)
8.Chile Medical X-ray Films Market Revenue, 2019-2024 ($M)
9.Rest of South America Medical X-ray Films Market Revenue, 2019-2024 ($M)
10.UK Medical X-ray Films Market Revenue, 2019-2024 ($M)
11.Germany Medical X-ray Films Market Revenue, 2019-2024 ($M)
12.France Medical X-ray Films Market Revenue, 2019-2024 ($M)
13.Italy Medical X-ray Films Market Revenue, 2019-2024 ($M)
14.Spain Medical X-ray Films Market Revenue, 2019-2024 ($M)
15.Rest of Europe Medical X-ray Films Market Revenue, 2019-2024 ($M)
16.China Medical X-ray Films Market Revenue, 2019-2024 ($M)
17.India Medical X-ray Films Market Revenue, 2019-2024 ($M)
18.Japan Medical X-ray Films Market Revenue, 2019-2024 ($M)
19.South Korea Medical X-ray Films Market Revenue, 2019-2024 ($M)
20.South Africa Medical X-ray Films Market Revenue, 2019-2024 ($M)
21.North America Medical X-ray Films By Application
22.South America Medical X-ray Films By Application
23.Europe Medical X-ray Films By Application
24.APAC Medical X-ray Films By Application
25.MENA Medical X-ray Films By Application