X-ray equipment in healthcare is mainly used for imaging of bone structures, tumors, and breast cancer during surgeries, for detecting fractures in bones and teeth, as well as detecting pneumonia. Increasing prevalence of fractures due to osteoporosis, orthopedic disorders, dental problems, and increasing cases of tumor and cancer are expected to boost demand for x-ray equipment in the near future. Rampant advancements in technology and adaptation of advanced medical systems in hospitals, diagnostic centers, and ambulatory surgeries are also expected to drive growth of the market over forecast period.
Emerging prevalence of fractures and orthopedic disorders is expected to boost market growth
Prevalence of fractures and orthopedic disorders is increasing globally and x-rays are majorly used to trace such fractures or disorders in bones. According to World Health Organization (WHO), 2017, around 37.3 million falls occur every year, it may lead to fracture or bone injuries. Increasing incidence of diseases such as cancer, pneumonia, osteoporosis, and dental problems are expected to fuel demand for x-ray equipment, which in turn, is expected to fuel growth of the x-ray equipment market in the near future. High cost of advanced x-ray equipment have influenced inclination towards cheap x-ray equipment supplied by domestic manufacturers, which in turn, poses as a major restraint for growth of the market.
The global x-ray equipment market is segmented on the basis of product type, application, and end user
On the basis of product type, the x-ray equipment market is segmented into:
- Computed Tomography
- Mobile X-Ray Devices
- C-Arm Devices
- Dental X-Ray
On the basis of application, the x-ray equipment market is segmented into:
- General Radiography Applications
- Chest Imaging Applications
- Orthopedic Applications
- Cardiovascular Imaging
- Dental Applications
- Mammography Applications
- Other Applications
On the basis of end user, the x-ray equipment market is segmented into:
- Diagnostic Centers
- Research Centers
- Ambulatory Surgical Centers
North America is expected to dominate x-ray equipment market due to increasing problem of osteoporosis
North America is expected to hold a dominant position in the x-ray equipment market due to increasing prevalence of osteoporosis in the U.S. According to National Health and Nutrition Examination Survey (NHANES) 2017, fractures due to osteoporosis are a serious concern in the U.S., followed by bone deformity among the rapidly growing aging population, this in turn, is expected to create a lucrative environment for growth of the x-ray equipment market over forecast period. Asia Pacific is expected to be the second-largest market due to increasing prevalence of breast cancer, for instance, near to a quarter, i.e., 24% of all the breast cancers were diagnosed within the Asia-Pacific, i.e., around 404,000 cases at a rate of 30 per 100,000. China with the rae of 46%, Japan 14% and Indonesia 12%, Australia 86 per 100,000 and New Zealand 85 per 100,000 also had much higher incidence rates than any of the other major countries in Asia Pacific region. Other major factor causing increase in the X-Ray market are dental related ailments, and orthopedic diseases, which are more predominant in China and India.
Product launches to play a vital role in the x-ray equipment market
Key players in x-ray equipment market include Siemens AG, Philips Healthcare, Canon USA Inc., Toshiba Medical Systems, Hitachi Medical Corporation, Fuji Medical Systems, Shimadzu Corporation, and Carestream Healthcare. Kiran Medical System, the radiography division of Trivitron Healthcare, launched Ultisys, its latest range of radiography products during Arab health convention in Dubai in 2017.