Global X-ray Market, by Modality (Portable and Stationary), by Product Type (Rotating Anode Source, and Fix Anode Source), by Technology (Analog, Computed Technology, and Digital Radiography), by Application (General Radiography, Chest Imaging, Orthopedic, Cardiovascular, Dental, Mammography, and Others), by End User (Hospitals, Diagnostic Centers, Research Centers, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 8,807.5 million in 2018 and is expected to exhibit a CAGR of 7.8% over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.

The increasing incidence of fractures, orthopedic disorders, and cancer as well as technological advancements related to X-ray systems for improving image quality and reducing dose technique are the factors driving the growth of the global X-ray market. X-ray is a type of electromagnetic ionizing radiation which has wide applications in diagnostics. Advancements in technology and launches of innovative X-ray systems are boosting growth of the market. For instance, in October 2017, Siemens Healthineers launched Cios Spin, a mobile C-arm, in the U.S. The Cios Spin mobile arm aids intra-operative 3D imaging.

Moreover, with high generative power, it can scan the solid part of the body such as the hip and can also scan more dense tissue in obese patients. Such advancements have enabled easy and immediate viewing of images on the screen, which in turn has shifted the trend from conventional X-ray techniques to digital X-ray technique as it does not require processing before it can be viewed. Computed tomography (CT) scans are required during emergency cases as they provide quick information while assessing strokes, heart diseases, and brain injuries. For instance, in April 2017, Toshiba Medical launched the Aquilion Lightning computed tomography (CT), which provides high quality images and potentially helps with faster diagnosis. However, continuous exposure to ionizing radiation causes cell mutations which is increasing risk of cancer and is likely to restrain growth of the x-ray market.

Browse 35 Market Data Tables and 21 Figures spread through 169 Pages and in-depth TOC on ‘X-ray  Market, by Modality (Portable and Stationary), by Product Type (Rotating Anode Source, and Fix Anode Source), by Technology (Analog, Computed Technology, and Digital Radiography), by Applications (General Radiography, Chest Imaging, Orthopedic, Cardiovascular, Dental, Mammography, and Others), by End User (Hospitals, Diagnostic Centers, Research Centers, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027”

To know the latest trends and insights prevalent in the X-ray market, click the link below:

https://www.coherentmarketinsights.com/market-insight/x-ray-market-1153

North America is expected to hold dominant position in the x-ray market over the forecast period, owing to a rising number bone fractures, cancer, joint injuries in the region. For instance, according to the National Cancer Institute (NIH) 2018 estimates, around 1,735,350 people of all ages in the U.S. would be diagnosed with cancer in 2018

Key Takeaways of the X-ray Market:

  • The global x-ray market is expected to exhibit a CAGR of 7.8% over the forecast period owing to the increasing number of cancer cases, bone fractures, and product launches. Falls cause serious injury leading to hip and other fracture, bruises and head trauma, which may require diagnosis using X-ray technology. For instance, according to World Health Organization (WHO) factsheet of 2018, each year there are around 37.3 million falls which require medical attention whereas estimated 646,000 individuals die from falls globally every year.
  • Among modalities, the portable segment is expected to gain traction over the forecast period, as portable devices reduce time spent in hospitals resulting in lower chances of contracting hospital acquired infections (HAIs)
  • Among technologies, the digital radiography segment is expected to exhibit rapid growth, as digital radiography reduces radiation exposure and improves the ability to detect diseases
  • Among end users, the hospital segment is expected to hold the largest market share due to the increasing prevalence of cancer, fractures, and orthopedic disorders.
  • Key players operating in the global X-ray market are Siemens AG, Toshiba Medical System, 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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