Published: May 2022 | Report Code: 12334 | Available Format: PDF
The global spinal X-ray and CT market accounted for revenue of $917.9 million in 2021, which is expected to reach $1,602.0 million by 2030, advancing at a CAGR of 6.4% during 2021–2030. The proliferating incidence of spinal injuries, advancements in radiological technologies, rising aging population, and emergence of artificial intelligence in medical imaging are boosting the market growth.
The outbreak of the COVID-19 pandemic majorly affected the availability of hospital resources globally; however, radiology departments continued to operate. The most-commonly performed procedures included chest X-rays and CT scans. Furthermore, emergency diagnoses of spinal conditions, such as fractures and infections, were also performed.
The spinal tumor category is expected to witness the fastest growth in the market during the forecast period, at a CAGR of more than 7%. This is attributed to the increasing number of cases of spinal cancer worldwide, which is propelling the demand for quick and effective diagnosis and treatment.
Furthermore, spinal infections affect the paraspinal tissue, vertebral body, and intervertebral discs. The increasing prevalence of spinal infections is driving the market growth as diagnosing them is a time-consuming process, which requires the use of multiple imaging modalities.
In 2021, the adult population dominated the spinal X-ray and CT market. This is ascribed to the fact that the geriatric population have a lower bone density, which causes osteoporosis and, consequently, vertebral compression fracture.
Report Attribute | Details |
Historical Years |
2017-2021 |
Forecast Years |
2022-2030 |
Market Size in 2021 |
$917.9 Million |
Revenue Forecast in 2030 |
$1,602.0 Million |
Growth Rate |
6.4% CAGR |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Indication, By Product, By Patient Type, By End User, By Region |
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The growing incidence of spinal injuries is one of the major factors that drive the spinal CT market. Moreover, the geriatric population is more prone to spinal injuries due to their lower bone density. As per estimates, approximately 20,000 new spinal cord injuries are reported each year in the U.S.
In 2021, the hospitals and clinics category accounted for over 50% revenue share in the market. A greater number of patients visit hospitals than any other medical facility, which makes them the primary diagnosis site for spinal fractures and injuries, especially in emerging economies. Furthermore, hospitals are increasing their spending to acquire advanced radiological modalities, in order to offer accurate results.
Moreover, diagnostic imaging centers are the second-largest category in the market. This is primarily due to the increasing demand for early disease diagnosis and the rising prevalence of associated diseases, and surging investments and grants by public and private organizations.
In 2021, the CT devices held the largest revenue share in the spine X-ray and CT market. This is because CT scans can generate images that can be reformatted in multiple planes and create a three-dimensional image. A CT device scans the whole spinal cord, thus helping diagnose issues more effectively than an X-ray.
Furthermore, AI-enabled X-ray and CT software is expected to witness the fastest growth during the forecast period. This is due to the advancements in the medical imaging industry and the constant demand to provide cost-effective and high-quality solutions in shorter time.
North America led the market, with a revenue share of over 40%, in 2021. This is attributed primarily to the advancements in healthcare technologies, credited to extensive investment-backed R&D, and availability of a rising number of X-ray and CT devices.
Furthermore, APAC is the fastest-growing region, as the regional emerging economies are witnessing significant advancements in radiological technology, along with improvements in the healthcare system. Moreover, the rising incidence of vertebral fractures in the region is expected to significantly drive the growth of the market.
Moreover, the emergence of local companies in APAC and the LAMEA, as well as the vast growth opportunities in emerging economies, bode well for the global spinal X-ray and CT market growth. Developing countries, such as China, India, Brazil, and Mexico, have large populations with spinal injuries and vertebral fractures. This tends to increase the volume of X-ray and CT scans, thus leading to the market growth.
Further innovation in X-ray and CT systems is expected to be driven by enhanced features such as less radiation exposure and high speed.
Key players operating in the spinal X-ray and CT market have been actively engaged in product launches in order to strengthen their product portfolios and achieve a larger market share. For instance:
The report offers comprehensive market segmentation analysis along with the revenue estimation for the period 2017–2030.
Based on Indication
Based on Product
Based on Patient Type
Based on End User
Geographical Analysis
The 2021 value of the market for spinal X-ray and CT modalities was $917.9 million.
The spinal X-ray and CT industry report offers the market size for X-ray and CT systems and AI-enabled X-ray and CT software.
The fastest growth in the indication segment of the market for spinal X-ray and CT is forecast for spinal tumors.
Established companies in the spinal X-ray and CT industry are partnering with local firms to up their sales revenue.
The report on the market for spinal X-ray and CT offers the sales revenue for the period 2017–2030.
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