X-Ray Systems Market Outlook Report by Type (Stationery, Portable), Technology (Digital, Analog), End User (Diagnostic Centre, Hospitals), Application (Chest, Orthopedic, Dental, Cardiovascular, Mammography) - Global Industry Revenue Estimation and Demand Forecast to 2030

Market Overview

The global X-ray systems market size was $6,866.64 million in 2021, and it will grow at a CAGR of 3.68% during 2021–2030, to reach $9,504.33 million by 2030. This is ascribed to the increasing prevalence of chronic diseases and growing demand for their early-stage diagnosis. Additionally, the technological developments and investments by the government in countries such as India, China and Japan are driving the market.

Stationary Equipment Holds Larger Share

The stationary category held the larger market share in 2021. They are the most-commonly used X-ray systems due to their high-quality images and cost-effectiveness. They help in generating images of the tissues and organs inside the body, thereby helping in the early detection of bone fractures, pneumonia, certain tumors and other abnormal masses, some kinds of injuries, foreign objects, calcifications, and dental problems.

Generally, older people are at a higher risk of musculoskeletal disorders, due to the loss of the mineral content of the bones. This is why bones become less dense and fragile, where stationary systems help in the detection of these abnormalities.

The demand for mobile machines is expected to grow the faster during the forecast period. Since the COVID-19 pandemic, there has been a growth in the demand for mobile equipment, as it can be easily transported across hospitals or to a patient's house, which eventually helps in reducing the danger of virus transmission. With the improvement in the image quality, the accuracy of diagnoses rises. This can facilitate in the quicker detection and treatment of a number of ailments that are life-threatening, including cancer and certain cardiovascular diseases.

Therefore, market players are increasingly investing in new technologies, especially mobile scanners. For instance, Konica Minolta Healthcare Americas Inc. has developed the Dynamic Digital Radiography (DDR) technology, which enables the visualization of the anatomy in real time and helps in enhancing the diagnosis and management of pulmonary and orthopedic conditions.

Moreover, the prevalence of illnesses is rising among the young generation, majorly due to the consumption of junk food, excessive smoking and drinking, sedentary lifestyles, and a lack of physical activity. Hence, the major healthcare players are increasingly investing in AI-integrated radiography platforms. For instance, in August 2021, GE Healthcare announced a strategic collaboration with Amazon Web Services (AWS) to facilitate AI and cloud-based imaging solutions. Integrating AI-enabled data with the cloud helps in providing clinical and operational insights to hospitals and healthcare providers.

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Hospitals Biggest Users of Radiography Machines

In 2021, the hospital sector dominated the market with more than 68% share. This is majorly due to the rise in the number of patients visiting hospitals for the diagnosis and treatment of chronic ailments. Radiography machines are among the essential equipment at hospitals, which is why they draw the highest volume of patients. Different X-ray system types, such as portable and stationary and analog and digital, are used in such places for diagnosis and treatment.

Portable or mobile equipment is mostly utilized in intensive care units (ICUs), where the patients are unable to move. Additionally, due to the numerous benefits of digital radiographs over analog ones, hospitals are switching to the latter as the technology advances.

Digital X-rays expose patients and caregivers to 70% to 80% less radiation than traditional systems. The advancements in radiology over the last two decades have completely changed how imaging is done. Since there is no processing time involved in the digital format, the results are immediately available for viewing. This helps in the early detection and possible cure of diseases.

Regional Outlook

North America accounted for the largest market share, of more than 30%, in 2021 due to the rising healthcare costs, growing elderly population, and burgeoning prevalence of chronic problems. Thus, the U.S. and Canada are increasingly investing in their healthcare infrastructure, which is driving the North American market.

As per data, there were about 1.9 million new cases of cancer and 608,570 cancer deaths in the U.S. in 2021. Additionally, the senior population in North America is growing quickly, and it is more prone to diseases. The development of the North American market is also driven by the government programs to increase the awareness of early disease diagnosis and imaging technology.

Product demand is set to grow at the highest CAGR in Asia-Pacific during the projection period, as a result of the region's booming need for improved imaging tools and encouraging government measures to upgrade healthcare infrastructure. This trend will be especially prominent in the rapidly expanding economies of Southeast Asia, China, Japan, and India. In addition, it is expected that the aging population and rising frequency of chronic diseases will boost the market expansion in the Asia-Pacific region.

With the advancement in technology, the application of digital systems is rising, since the images generated by them are converted into digital data on a real-time basis, which helps in the analysis of the patient’s condition within seconds. This feature has led to widespread application of these variants in dentistry, surgery, and mammography.

Additionally, companies are increasingly investing in new technologies. For instance, in March 2021, Fujifilm launched a mobile digital radiology system, which offers high-resolution imaging with low radiation doses. This new technology enables noise reduction circuits, which improves the granularity and ensures a high image quality.

Dental Category Garnered Largest Share

The dental category holds the major share in the market due to the growing number of people with dental disorders, especially the geriatric and adult populations. Further, there is rising awareness regarding these disorders, which is driving the spending on diagnosis and treatment.

Mammography Will Witness Highest CAGR

Due to the increasing prevalence of breast cancer and public awareness of this disease, the mammography market is predicted to expand at rapidly. According to data, there will be approximately 290,560 people diagnosed with breast cancer in the U.S. in 2022. Moreover, breast cancer is the most-common cancer diagnosed among American women, and it is a major cause of death in developing countries as well.

In addition, as the technology advances, more medical facilities are predicted to embrace mammography equipment, since it allows for the early detection of ailments in the breasts, which could lead to a potentially timely cure.

Key Players in Global X-Ray Systems Market Are:

• Siemens Healthcare GmbH
• Canon Medical Systems Corporation
• FUJIFILM Sonosite Inc.
• Carestream Health
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• New Medical Imaging Co. LTD.
• Hologic Inc.

Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Type

• Stationery
• Portable

Based on Technology

• Digital
• Analog

Based on End User

• Diagnostic Centre
• Hospitals

Based on Application

• Chest
• Orthopedic
• Dental
• Cardiovascular
• Mammography

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Saudi Arabia