X-ray Market

X-ray Market - Size, Share, Trends and Forecast
till 2025
X-rays make up X-radiation, a form of electromagnetic radiation that has wide application in
medical imaging tools. They are used to view, monitor, and diagnose bone fractures, cancer,
abdominal pain, joint injuries, and infection. Some of the X-ray technologies include, X-ray
radiography, mammography, computed tomography (CT), and fluoroscopy. X-ray radiography is
used to detect bone fractures, injuries, foreign objects, and dental problems. Mammography
finds application in creating detailed images of the breast, whereas Computed Tomography (CT)
produces detailed images of the body. Moreover, CT can provide high quality images of bones,
internal organs, soft tissue and blood vessels with greater details as compared to conventional
technologies. Live X-ray images on monitors are offered by Fluoroscopy. However, stringent
U.S. FDA regulations and high manufacturing cost of X-ray system is expected to hinder growth
of the X-Rays market.
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Increase in prevalence of cancer and orthopedic disorders is expected to drive market growth
X-ray equipment is widely used in detection of breast cancer, dental issues, chest imaging, and
orthopedic disorder. According to American Cancer Society, as of 2017, around 252,710 new
cases of invasive breast cancer are estimated to be diagnosed among women in the U.S. In
2012, Musculoskeletal conditions such as back pain and arthritis affected over 1.7 billion people
in 2012, globally, according to a study on the global burden of the disease and its impact.
Growing patient pool and increasing demand for diagnosing diseases, in turn, are expected to
boost growth of the X-ray market. Furthermore, the aging population are highly susceptible to
chronic diseases, orthopedic disorders, and dental issues, considering their weak immune
system. According to the World Population Prospects report (2015) by the United Nations (UN),
the global population aged 60 years and above is projected to increase by 56% from 901
million in 2015 to 1.4 billion by 2050. Thus, considering the high prevalence of breast cancer
and orthopedic disorders, demand for X- ray systems is expected to increase, in turn, expected
to fuel growth of the X-ray market over the forecast period.
The global X-ray market is estimated to be valued at US$ 7,869.4 million in 2017 and is
expected to witness a robust CAGR of 7.8% over the forecast period (2017 – 2025).
Report includes chapters which deeply display the following deliverable about industry :
• X-ray Market Research Objective and Assumption
• X-ray Market Purview - Report Description, Executive Summary, and Coherent Opportunity
Map (COM)
• X-ray Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory
Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain
Analysis, Porter’s Analysis, and PEST Analysis
• Global X-ray Market, By Regions
• X-ray Market Competition by Manufacturers including Production, Share, Revenue, Average
Price, Manufacturing Base Distribution, Sales Area and Product Type.
• X-ray Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• X-ray Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of
Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• X-ray Market Forecast including Production, Consumption, Import and Export Forecast by
Type, Applications and Region.
• Research Findings and Conclusion
Market Dynamics
Increasing incidence of fractures and orthopedic disorders are expected to boost growth of the
X-ray market. According to the International Osteoporosis Foundation, osteoporosis causes over
8.9 million fractures, annually, worldwide. Increasing in incidence of cancer is also expected to
contribute to growth of the market. According to National Cancer Institute, in 2016, around
1,685,210 new cases of cancer are projected to be diagnosed in the U.S. Moreover, companies
are developing advanced technologies to improve imaging quality and reduce dose intake, in
turn creating a conducive environment for growth of the X-ray market. For instance, in 2015,
Carestream Health launched DRX-Evolution Plus. The new device offers great flexibility in high-
ceiling rooms via an extended tube column as well as enhanced workflow and improved
visualization. In January 2017, GE Healthcare launched new Senographe Pristina mammography
system in the U.S. The device is designed in a way to make breast screening more comfortable.
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Advancements in technology and new launches of X-ray devices are expected to boost growth of
the X-ray market globally
X-ray is an ancient medical imaging device, which with continuous innovation, is widely being
used for diagnosis and treatment purposes. Market players are developing innovative technology
that provide enhanced safety, improved image quality, and reduced dose technique for
diagnosing various diseases. This in turn, is expected to create high demand for X-ray systems.
For instance, in 2015, Carestream Health launched DRX-Evolution Plus. The new device offers
great flexibility in high-ceiling rooms via an extended tube column as well as enhanced
workflow and improved visualization. In January 2017, GE Healthcare launched new
Senographe Pristina mammography system in the U.S. The device is designed to make breast
screening more comfortable. In April 2017, Toshiba Medical launched new Aquilion Lightning
Computed tomography (CT), which provides high quality images and potentially helps with
faster diagnosis. In October 2017, Siemens Healthineers launched new Cios Spin, a mobile Carm in the U.S. Cios Spin mobile arm provides potential benefits as a design aid intra-operative
3D imaging during demanding procedure. Moreover, with high generative power can scan the
solid part of the body such as the hip and can also scan more dense tissues in obese patients.
Thus, advanced technology integrated with X-ray systems is expected to boost growth of the Xray market over the forecast period.
Some of the major players operating in the X-ray market are Siemens AG, Toshiba Medical
Systems, Hitachi Medical Corporation, Shimadzu Corporation, Carestream Healthcare, Philips
Healthcare, Canon Inc., GE Healthcare, Bracco Imaging S.p.A, and Hologic, Inc
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X-rays make up X-radiation, a form of electromagnetic radiation that has wide application in medical imaging tools.

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