Medical X-ray Market Analysis

Medical X-ray Market Analysis

Based on type, the medical X-ray market from the digital segment will exhibit more than 6.5% CAGR from 2023-2032. Digital X-ray systems limit the risk of radiation exposure and are hence increasingly preferred as they provide superior quality image in comparison to their analog counterparts. These systems offer enhanced image quality and enhancement, greater storage capacity, and smoother workflow. The continuous technological advancements as well as integration of digital technologies in X-ray devices is also helping in rendering superior quality images for better diagnosis, further driving the market size.
 

Medical X-ray market share from chest applications is poised to record over USD 6 billion by 2023 due to the rising need to produce images of bones of chest, airways, spine, blood vessels and lungs. Chest X-rays are used for diagnosing as well as monitoring the treatment of lung cancer, pneumonia, emphysema, heart problems, fractures, heart failure. It also looks at the placement of medical devices, such as catheters, pacemakers and defibrillators. The thriving requirement for detecting symptoms, including fever, breathing difficulties, persistent cough, and chest injuries will also accelerate the demand for chest X-rays.
 

Medical X-ray market from the fixed portability segment is slated to record USD 12.5 billion by 2032. The rising number of government investments for installing modern diagnostic equipment has spurred the adoption of fixed x-ray systems as they can be accessed in a wide variety of sizes and types in several high-end scientific applications. These systems also address the imaging needs across all clinical settings. The rising popularity of mammograms and dental x-rays for facilitating the imaging of skull, chest, extremities, spine, and abdomen will also add to the market outlook.
 

North America medical X-ray market valuation is expected to exceed USD 7.3 billion by 2032 owing to the rising burden of chronic and orthopedic ailments. As per the CDC (Centers for Disease Control and Prevention), chronic disease is one of the major cause of disabilities and death in the U.S., accounting for nearly 6 in 10 adults. The growing number of private and public investments have propelled the rising awareness regarding the advantages of early diagnosis. The presence of favorable demographic trends in the region will also compliment the industry landscape.