X-ray Systems Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

Report Code: HCR 10493 Report Format: PDF + Excel (Delivery in 48 Hrs)

X-ray Systems Market Overview

The X-ray Systems Market size is forecast to reach $10.8 billion by 2026, growing at a CAGR of 3.4% during the forecast period 2021-2026. X- Rays are a kind of electromagnetic radiation that pierces structures within the body to generate images on a photographic film and these pictures are called X-Ray diagnostics. They are helpful for identifying defects with the body and to assist diagnose issues such as crushed bones, tumors, and the existence of foreign objects among others. Technological advancements and increase in incidences of cancer and orthopaedic diseases along with the availability of a large number of players are the major factor driving the growth of the market. Increasing dose reduction technologies and favourable regulations with increasing government initiative and investments are set to further enhance the overall market demand for the X-ray Systems Market for the period 2021-2026.

Report Coverage

The report: “X-ray Systems Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the X-ray Systems Market.
By-Products: Portable, and Stationary
By Technology: Analog, Computed Radiography (CR), and Digital Radiography
By Application: Orthopedic, Cancer, Cardiovascular Disease, Pneumonia, Dental, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific ((APAC (China, Japan India, South Korea, Australia and New Zealand, and Rest of APAC)), South America (Brazil, Argentina, and Rest of South America), and Rest of the World ((RoW) (Middle East and Africa))

Key Takeaways

  • North America dominated the X-ray Systems Market in 2020 owing to the increasing adoption of healthcare systems and growing burdens of chronic diseases. The X-ray Systems Market scope for different regions will be provided in the final report.
  • Rising investments in medical technologies and increasing development of AI-based digital X-ray systems are likely to aid the market growth of the X-ray Systems Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the X-ray Systems Market report.
  • High cost of X-ray stems and raising issues about the sick effects of long-term exposure to X-ray radiations are poised to create hurdles for the X-ray Systems Market.

X-ray Systems Market Segment Analysis - By Technology 

Digital Radiography held the largest share in the X-ray Systems Market in 2020 and is estimated to grow at a CAGR of 3.0% during the forecast period 2021-2026. Digital radiography produces a digital radiographic image instantly on a computer. The x-ray radiation is converted into an equivalent electric charge and then to a digital image through a detector sensor. Flat-panel detectors provide high-quality digital images and improved dynamic range that in turn provide high sensitivity for radiographic applications. Line scan detectors consist of a single row of x-ray detection pixels rather than a matric and are suited to the inspection of objects moving on a conveyor belt. Computed radiography offers enormous advantages for inspection such as it eliminates the use of consumables and the time to produce an image is drastically shortened and the imaging plates are reusable. Computed Radiography is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

X-ray Systems Market Segment Analysis - By Application  

Cancer held the largest share in the X-ray Systems Market in 2020 and is estimated to grow at a CAGR of 3.7% during the forecast period 2021-2026. This is attributed to improvements such as photographic films, and more accurate focusing systems. X-ray is a non-invasive procedure that is used for diagnosing disease, monitoring therapy, and planning surgical treatment. Chest radiographs and mammographs are used for early cancer detection and to check whether cancer has spread to the lungs or other areas in the chest. Computed tomography combines multiple x-ray images into a 3-D model owing to the advances in technology. X-ray systems are used in orthopaedics to diagnose fractured bones or joint dislocation and for the stabilization of bony fragments. Orthopedic is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

X-ray Systems Market Segment Analysis - By Geography 

North America dominated the X-ray Systems Market with a major share of 36.6% in 2020. This is attributed to the increasing adoption of healthcare systems towards sophisticated technology and the growing burden of chronic diseases. Increasing demand for accurate diagnosis and plan of efficient and on-time treatment by the healthcare providers is also increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing disposable income allowing for greater affordability to advanced technologies and rising prevalence of target diseases.

X-Ray Systems Market Revenue Share, By Geography, 2020(%)


X-ray Systems Market Drivers

Technological Advancements in Medical X-Ray Devices

Technological advancements in medical x-ray devices are increasing the growth of the X-ray System Market.  Technological advancements in medical x-ray systems have enabled it to provide high-quality, high-resolution images without a corresponding increase in radiation dose. Numerous advantages of x-ray include better medical evaluation, effective dynamic range, reduced radiation exposure, and better contrast detectability including accurate and superior image capture, and flexibility in image management with lower operational costs. Thus, increasing the growth of the X-ray Systems Market during the forecast period 2021-2026.

Advantages of Digital X-ray Systems

The advantages of digital x-ray systems are increasing the growth of the X-ray Systems Market. Digital X-ray systems have enormous advantages over other x rays such as high quality of images, reduced image acquisition times, decreased exposure towards the radiation, and easy image interpretation among others. Conventional X-ray systems used to require 15 minutes per examination, while digital X-ray systems need two minutes per screening which saves time and allows a greater number of patients to be screened in the available time. Thus, increasing the growth of the X-ray Systems Market during the forecast period 2021-2026.

X-ray Systems Market Challenges

High Cost of X-Ray Systems

Some of the factors that are set to impede the growth of the X-ray Systems Market are the high cost of x-ray systems and raising issues about the sick effects of long-term exposure to X-ray radiations.

X-ray Systems Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the X-ray Systems Market. In 2020, the X-ray System Market share is consolidated by the top ten players present in the market. X-ray Systems Market, top 10 companies are GE Healthcare, Philips Healthcare, Siemens Healthcare, Hitachi, Toshiba, Canon Medical System Corporation, Biosign, Hologic Inc., and Carestream Health among others.

Acquisitions/Product Launches

  • In Nov 2020, GE Healthcare acquired Prismatic Sensors AB for photon computed tomography.
 

Relevant Titles:

Report Code: HCR 36304
Report Code: HCR 73996

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1. X-ray Systems  Market  - Overview
    1.1Definitions and Scope
2. X-ray Systems  Market  - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Technology
    2.4 Key rends by Application
    2.5 Key trends by Geography
3. X-ray Systems  Market  – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. X-ray Systems  Market  - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. X-ray Systems  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
6. X-ray Systems  Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    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
        6.3.5 Threat of substitutes
7. X-ray Systems  Market  – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. X-ray Systems  Market – By Product(Market Size –$Million/$Billion)
    8.1 Portable 
        8.1.1 Mobile
        8.1.2 Hand Carried
    8.2 Stationary
9. X-ray Systems  Market – By Technology(Market Size –$Million/$Billion)
    9.1 Analog
    9.2 Computed Radiography
    9.3 Digital Radiography
        9.3.1 Flat Pabel Detectors
        9.3.2 High Density Line Scan Solid-State Detectors
10. X-ray Systems  Market – By  Application(Market Size –$Million/$Billion)
    10.1 Orthopedic
    10.2 Cancer
    10.3 Cardiovascular Disease
    10.4 Pneumonia
    10.5 Dental
    10.6 Others
11. X-ray Systems  Market  -  By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 Germany
        11.2.2 United Kingdom(U.K.)
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Rest of APAC
    11.4South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
        11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. X-ray Systems  Market  - Entropy
13. X-ray Systems  Market  – Industry/Segment Competition Landscape      Premium 
    13.1Market Share Analysis
    13.1.1 Global Market Share – Key Companies
    13.1.2 Market Share by Region – Key companies
    13.1.3 Market Share by Countries – Key Companies
    13.1.4 Best Practices for Companies
14. X-ray Systems  Market  – Key Company List by Country Premium  Premium
15. X-ray Systems  Market  Company Analysis
    15.1Company 1
    15.2Company 2
    15.3Company 3
    15.4Company 4
    15.5Company 5
    15.6Company 6
    15.7Company 7
    15.8Company 8
    15.9Company 9
    15.10Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US X-ray Systems Market Revenue, 2019-2024 ($M)
2.Canada X-ray Systems Market Revenue, 2019-2024 ($M)
3.Mexico X-ray Systems Market Revenue, 2019-2024 ($M)
4.Brazil X-ray Systems Market Revenue, 2019-2024 ($M)
5.Argentina X-ray Systems Market Revenue, 2019-2024 ($M)
6.Peru X-ray Systems Market Revenue, 2019-2024 ($M)
7.Colombia X-ray Systems Market Revenue, 2019-2024 ($M)
8.Chile X-ray Systems Market Revenue, 2019-2024 ($M)
9.Rest of South America X-ray Systems Market Revenue, 2019-2024 ($M)
10.UK X-ray Systems Market Revenue, 2019-2024 ($M)
11.Germany X-ray Systems Market Revenue, 2019-2024 ($M)
12.France X-ray Systems Market Revenue, 2019-2024 ($M)
13.Italy X-ray Systems Market Revenue, 2019-2024 ($M)
14.Spain X-ray Systems Market Revenue, 2019-2024 ($M)
15.Rest of Europe X-ray Systems Market Revenue, 2019-2024 ($M)
16.China X-ray Systems Market Revenue, 2019-2024 ($M)
17.India X-ray Systems Market Revenue, 2019-2024 ($M)
18.Japan X-ray Systems Market Revenue, 2019-2024 ($M)
19.South Korea X-ray Systems Market Revenue, 2019-2024 ($M)
20.South Africa X-ray Systems Market Revenue, 2019-2024 ($M)
21.North America X-ray Systems By Application
22.South America X-ray Systems By Application
23.Europe X-ray Systems By Application
24.APAC X-ray Systems By Application
25.MENA X-ray Systems By Application
26.Hitachi, Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Koninklijke Philips N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Siemens Healthineers, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Canon Medical Systems Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Fujifilm Medical Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Carestream Health, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Hologic, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Konica Minolta, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)