Medical X-Ray Film Processor Market To Generate $1,238.5 Million Revenue by 2030

The medical X-ray film processor market size is expected to advance at a CAGR of 3.2% during 2024–2030, to reach USD 1,238.5 million by 2030. This is ascribed to the increase in the geriatric population and rise in the incidence of chronic diseases, both of which raise the need for X-rays and, in turn, film processors.

In addition to this, many public awareness campaigns about diseases are being organized by governments across the world so that individuals go for early diagnosis and treatment. The growing prevalence of chronic diseases, such as cardiovascular diseases, cancer, dental diseases, and orthopedic diseases, eventually drives the usage of X-ray imaging for diagnosis and treatment.

Moreover, the number of rising road traffic accidents across the world is expected to raise the need for X-rays. For instance, according to the WHO, approximately 1.5 million people died annually in 2022 in road crashes.

Diagnostic Centers Hold Largest Market Share

The diagnostic centers category held the largest market share in 2023, majorly due to the less-expensive services these places provide compared to hospitals. Therefore, more people, especially those from financially weaker backgrounds and the elderly, visit diagnostic centers. Moreover, the growing use of point-of-care diagnostics and rising awareness of early-stage disease diagnosis, along with the rise in governments’ healthcare spending, which reflects the growing number of consignments of diagnostic equipment, is set to positively affect the market growth.

Globally, with the rise in the elderly population, the incidence of diseases that require X-ray imaging for diagnosis is increasing. Moreover, the surging count of collaborations of market players with diagnostic labs, to enhance diagnostics and make imaging services more-easily accessible, is expected to raise the demand for X-ray systems and associated film processors in the coming years.

North America Held Major Share

Geographically, North America holds the major share in the market. This is mainly due to the increasing prevalence of cancer, dental problems, and orthopedic diseases, which is propelling the volume of radiographies. Other key market growth drivers are the widespread usage of advanced technologies, frequent product launches by the major market players, and favorable federal initiatives for early disease diagnosis and medical expense reimbursements.

The Asia-Pacific region will experience the fastest growth during the forecast period. This is due to the large pool of patients and growing frequency of diseases that are diagnosable via radiograms. Other factors that are driving the market growth are the increasing number of hospitals offering diagnostic imaging services, itself due to the advancing healthcare system.

Furthermore, the rising medical tourism activities and increasing elderly population, which is more susceptible to diseases, drive the demand for X-ray film processors. Moreover, developing countries, such as India and China, have a large number of patients with chronic diseases. In India, for instance, around 80 million people above the age of 60 suffer from at least one chronic condition.

The most-significant medical X-ray film processor market players are Konica Minolta Inc., PROTEC GmbH & Co. KG, Dentsply Sirona, Zimed Healthcare Inc., Carestream Health, FUJIFILM Holdings Corporation, Z&Z Medical Inc., Agfa-Gevaert N.V., and ARI Medical Technology Gro8up Co. Ltd.