The global x-ray machine manufacture market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising incidences of respiratory, genitourinary, cardiovascular, gastrointestinal, & various other disorders and aging population as well as commercialization of improved x-ray machines.
X-ray is a form of electromagnetic radiation, which passes from solid objects. It penetrates the various objects less or more depending upon the density. X-ray is used to see the images of the bones and various structures in the body. Mostly radiography is used to diagnose or detect infections, tumors, bone loss, bone fractures, kidney stones, dental issues, vascular calcifications, and arthritis in joints. X-ray is used to diagnose the proper alignment and stabilization of bony fragments. If the x-ray specialist found any abnormalities in the alignment, they suggest surgery or braces. For instance, scoliosis braces are suggested for scoliosis patients to improve the alignment of the spinal cord. The abnormalities or common diseases related to bones are osteoporosis, fracture, scoliosis, osteoarthritis, rheumatoid arthritis, bursitis, and others.
Bone x-rays are a quick and convenient way for doctors to view and evaluate injuries, bone fractures, and joint abnormalities. X-ray can examine the different areas of body such as legs, head, arms, chest, and teeth. The x-ray examination could be modified to decrease the radiation. There are various types of x-rays used to diagnose the disease and conditions such as computed tomography, mammography, fluoroscopy, and others. The x-ray devices technology is moving from analog to digital x-ray.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for accurate diagnostic devices is expected to spur the market expansion during the forecast period.
- Rapid growth of the healthcare sector is main factor pushing the market growth.
- High cost in manufacturing of x-ray machines is expected to restrict the market expansion in the coming years.
- Lack of skilled professionals acts as major challenge that can impede the market growth.
- R&D investment and technological advancement in x-ray machine manufacturers is anticipated to offer significant opportunities for the market players.
Scope of the Report
The report on the global x-ray machine manufacture market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
X-ray Machine Manufacture Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Types (Portable and Stationery), Technology (Digital and Analog), End-users (Transportation & Logistics, Healthcare, Government, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
GE Healthcare; Philips Healthcare; Canon Inc.; Hitachi Medical Corp.; Siemens AG; Carestream Health; Biosign; Koninklijke Philips N.N.; Fujifilm Medical Systems; and Hologic, Inc.
Market Segment Insights:
Stationery segment is projected to account for a large market share
Based on product types, the global x-ray machine manufacture market is divided into portable and stationery. The stationery segment is expected to constitute a key share of the market during the forecast period owing to rising demand in the developing countries as the new technologies is comparatively slower. However, the portable segment is anticipated to expand at a rapid pace during the forecast period due to its mobility, flexibility, and convenient.
Digital segment is projected to hold a key market share
On the basis of technology, the market is segmented into Digital and Analog. The digital segment is expected to represent a key share of the market in the coming years due to the advantages offered such as cost effectiveness, low maintenance, and better clarity as well as quality. On the other hand, the analog segment is anticipated to expand at a rapid pace during the forecast period owing to various challenges faced in the digital type including inaccurate results, image noise, and higher radiation exposure.
Hospitals segment is projected to constitute a major market share
In terms of end-users, the global x-ray machine manufacture market is segregated into Transportation & Logistics, Healthcare, Government, and Others. The healthcare segment is expected to account for a key share of the market during the forecast period owing to rising demand for the x-ray machinery in the hospital and increasing investments. However, the hospitals are paring with the diagnostics center for imaging services for decreasing the financial burden on the hospitals and also it requires large space, high maintenance cost as well as skilled professionals.
North America is anticipated to dominate the market
On the basis of regions, the global x-ray machine manufacture market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to improving healthcare infrastructure and adoption of advanced technologies. On the other hand, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to rising incidences of chronic diseases and government initiatives.
Segments Covered in the Report
The global x-ray machine manufacture market has been segmented on the basis of
- Transportation & Logistics
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- GE Healthcare
- Philips Healthcare
- Canon Inc.
- Hitachi Medical Corp.
- Siemens AG
- Carestream Health
- Koninklijke Philips N.N.
- Fujifilm Medical Systems
- Hologic, Inc.
Key players competing in the global x-ray machine manufacture market include GE Healthcare; Philips Healthcare; Canon Inc.; Hitachi Medical Corp.; Siemens AG; Carestream Health; Biosign; Koninklijke Philips N.N.; Fujifilm Medical Systems; and Hologic, Inc. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.