X-Ray Devices Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Portable, Stationary), By Application (Diagnostic, Treatment), By Medical Condition (Cancer, Digestive Problems, Fractures, Others), By Medical Application (Human, Veterinary), By Technology (Analog, Digital), And By Geography- Forecasts From 2020 To 2025
Published:  May 2020 Report Code: KSI061613603 Pages: 116

The global X-ray devices market is estimated to grow at a CAGR of 5.14% from a market size of USD10.793 billion in 2019 to a market size of USD14.580 billion by 2025. An X-ray device is used for creating 2D X-ray images of the 3D internal body organs or bones. The growing number of chronic diseases is providing an impetus in fueling market growth in the forecast period. The growing trend of early diagnosis and detection of a disease is further providing an opportunity for the market to proliferate in the forecast period. The X-ray system emits small amounts of X-rays in the human body and captures an image of the area of interest onto a device. The growing number of non-fatal road accidents are propagating the market demand, as X-ray provides an immediate snapshot of the injury. Also, with innovations, the X-ray devices market has been bifurcated into portable and stationary systems, further propelling the market demand. The growing digitization has segregated the market on the basis of analog and digital technologies, fueling the market share of the digital X-ray systems with a rapid rise in adoptions due to the ongoing improvements in providing better healthcare facilities on the global level. The growing global elderly population is driving the market growth in the forecast period with the emergence and prevalence of age-associated diseases like osteoporosis and the detection of bone degeneration due to the aging process.

The global geriatric population (above 65 years or older) rose from 551,217,090 in 2012 to 673,618,927 in 2018 (source: The World Bank). The growing elderly population requires better healthcare facilities which include preventative measures as many people under this category are either suffering from age-associated chronic diseases or are suffering from diseases due to the adoption of an unhealthy lifestyle when younger.  Thus, this population is in the requirement of better healthcare facilities where better diagnostic and treatment measures need to be taken in order to prevent further spreading of the age-associated or degenerative diseases. Furthermore, with the declining fertility rates and increasing life expectancy at birth, global aging is poised to accelerate due to an overall improvement in the survival leading to longevity, further burgeoning the market growth during the forecast period.

On the basis of geography, North America followed by the European region is estimated to hold a significant market share in the forecast period. The Asia Pacific region is predicted to be the fastest-growing with a significant CAGR over the next five years.

The prevalence of chronic diseases is burgeoning the market demand in the forecast period.

The chronic disease burden is significantly rising not only in the developed regions of the world but in the developing regions as well. In 2001, the chronic diseases contributed 60 percent (approximately) of the total 56.5 million reported deaths globally, additionally, contributing close to 46 percent of the global disease burden. This is further expected to increase the burden of non-communicable diseases to 57 percent by 2020 (source: WHO). Out of all the chronic diseases, cardiovascular diseases contribute almost half of the chronic disease burden. This is due to the adoption of unhealthy living conditions which include unhealthy dietary conditions, and physical inactivity affecting a larger number of people worldwide. Also, with smoking habits prevalent in the society at the international level, excessive smoking causes cancer, heart diseases, lung diseases and other diseases which require the use of equipment like an X-ray machine to detect the disease occurrence, and in the case of cancer, this can be useful for knowing the cancer stage. Furthermore, smoking increases the chances of tuberculosis and rheumatoid arthritis, causing joint inflammation resulting in stiffness and pain which may worsen with time. However, efforts are being taken to prevent these diseases, thus, early disease detection and prevention play a major role in disease mitigation, followed by the decision making in treatment procedures and treatment monitoring, fueling the market demand in the forecast period.

The prevalence of non-fatal road accidents is propagating the market growth in the forecast period for the detection of injuries and deciding effective treatment.

There has been a loss of lives of more than one million people due to road crash or accidents. Around 20 to 50 million people suffer due to non-fatal road injuries which lead to disability due to the accident every year. Causes of non-fatal road injuries include speeding, drink-driving, and drug-driving, not using safety restraints like helmets, car seat belts, and child restraints, distraction while driving because of mobile phones, poor and unsafe road infrastructure, and not following traffic laws. This has given rise to huge economic losses to the individual, his/her family, and the nation as a whole.

However, sophisticated equipment like an X-ray provides assistance in the treatment processes following the diagnosis and further helps in the monitoring of the treatment as well. The rising number of road accident cases is creating a market demand owing to the improvement of the lives of the patients and helping them to cope up with their disabilities, mentally and physically.

The presence of other imaging modalities will hamper the market growth in the forecast period.

There is a presence of other medical imaging modalities apart from X-ray systems which include magnetic resonance imaging systems (MRI), CT, and ultrasound among others. These are also widely available, are quite efficient with state-of-the-art technologies, and are used for various diagnostic and therapeutic purposes. Additionally, ultrasound is considered the safest form of imaging as this does not make use of any ionizing radiation and makes use of sound waves instead. It is the first choice among people for pregnancy, emergency diagnosis, cardiac, spine, and imaging of other internal organs. Also, a CT scan is widely used during an emergency in emergency rooms, this is because it takes less than five minutes in scanning. While the MRI scans take a longer time, a minimum of 30 minutes but provide an in-depth analysis of a particular diagnosis, which is considered better than an X-ray system. Hence, the presence of these imaging systems will impose a threat in hampering the market growth in the forecast period.

X-Ray Devices Market Scope:

Report Metric Details
 Market size value in 2019  US$10.793 billion
 Market size value in 2025  US$14.580 billion
 Growth Rate  CAGR of 5.14% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, Medical Condition, Medical Application, Technology, And   Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Fujifilm Holdings Corporation, General Electric Company, Siemens Healthcare Private Limited, Koninklijke Philips N.V., Shimadzu Corporation, Canon Medical Systems Corporation, Carestream Health, Hitachi, Ltd., Vision Medicaid Equipments Pvt. Ltd., IBIS S.R.L.
 Customization scope  Free report customization with purchase

Segmentation:

  • By Type
    • Portable
    • Stationary
  • By Application
    • Diagnostic
    • Treatment
  • By Medical Condition
    • Cancer
    • Digestive Problems
    • Fractures
    • Others
  • By Medical Application
    • Human
    • Veterinary
  • By Technology
    • Analog
    • Digital
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
      • UAE
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the X-ray devices market?
A1. The global X-ray devices market is estimated to grow at a CAGR of 5.14% over the forecast period.
 
Q2. What will be the X-ray devices market size by 2025?
A2. X-ray Devices market is estimated to reach a market size of US$14.580 billion by 2025.
 
Q3. What is the size of global X-ray devices market?
A3. The X-ray devices market was valued at US$10.793 billion in 2019.
 
Q4. What factors are anticipated to drive the X-ray devices market growth?
A4. The growing trend of early diagnosis and detection of a disease is providing an opportunity for the market to proliferate in the forecast period.
 
Q5. Which region holds the largest market share in the X-ray devices market?
A5. North America followed by the European region is estimated to hold a significant market share in the forecast period.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
 
5. X-Ray Devices Market Analysis, by Type
5.1. Introduction
5.2. Portable
5.3. Stationary
 
6. X-Ray Devices Market Analysis, by Application
6.1. Introduction
6.2. Diagnostic
6.3. Treatment
 
7. X-Ray Devices Market Analysis, by Medical Condition
7.1. Introduction
7.2. Cancer
7.3. Digestive Problems
7.4. Fractures
7.5. Others
 
8. X-Ray Devices Market Analysis, by Medical Application
8.1. Introduction
8.2. Human
8.3. Veterinary
 
9. X-Ray Devices Market Analysis, by Technology
9.1. Introduction
9.2. Analog
9.3. Digital
 
10. X-Ray Devices Market Analysis, by Geography
10.1. Introduction
10.2. North America
10.2.1. North America X-Ray Devices Market, By Type, 2019 to 2025
10.2.2. North America X-Ray Devices Market, By Application, 2019 to 2025
10.2.3. North America X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.2.4. North America X-Ray Devices Market, By Medical Application, 2019 to 2025
10.2.5. North America X-Ray Devices Market, By Technology, 2019 to 2025
10.2.6. By Country
10.2.6.1. United States
10.2.6.2. Canada
10.2.6.3. Mexico
10.3. South America
10.3.1. South America X-Ray Devices Market, By Type, 2019 to 2025
10.3.2. South America X-Ray Devices Market, By Application, 2019 to 2025
10.3.3. South America X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.3.4. South America X-Ray Devices Market, By Medical Application, 2019 to 2025
10.3.5. South America X-Ray Devices Market, By Technology, 2019 to 2025
10.3.6. By Country
10.3.6.1. Brazil
10.3.6.2. Argentina
10.3.6.3. Others
10.4. Europe
10.4.1. Europe X-Ray Devices Market, By Type, 2019 to 2025
10.4.2. Europe X-Ray Devices Market, By Application, 2019 to 2025
10.4.3. Europe X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.4.4. Europe X-Ray Devices Market, By Medical Application, 2019 to 2025
10.4.5. Europe X-Ray Devices Market, By Technology, 2019 to 2025
10.4.6. By Country
10.4.6.1. UK
10.4.6.2. Germany
10.4.6.3. France
10.4.6.4. Others
10.5. Middle East and Africa
10.5.1. Middle East and Africa X-Ray Devices Market, By Type, 2019 to 2025
10.5.2. Middle East and Africa X-Ray Devices Market, By Application, 2019 to 2025
10.5.3. Middle East and Africa X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.5.4. Middle East and Africa X-Ray Devices Market, By Medical Application, 2019 to 2025
10.5.5. Middle East and Africa X-Ray Devices Market, By Technology, 2019 to 2025
10.5.6. By Country
10.5.6.1. United Arab Emirates
10.5.6.2. Israel
10.5.6.3. Saudi Arabia
10.5.6.4. Others
10.6. Asia Pacific
10.6.1. Asia Pacific X-Ray Devices Market, By Type, 2019 to 2025
10.6.2. Asia Pacific X-Ray Devices Market, By Application, 2019 to 2025
10.6.3. Asia Pacific X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.6.4. Asia Pacific X-Ray Devices Market, By Medical Application, 2019 to 2025
10.6.5. Asia Pacific X-Ray Devices Market, By Technology, 2019 to 2025
10.6.6. By Country
10.6.6.1. Japan
10.6.6.2. China
10.6.6.3. India
10.6.6.4. Australia
10.6.6.5. Others
 
11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
 
12. Company Profiles 
12.1. Fujifilm Holdings Corporation
12.2. General Electric Company
12.3. Siemens Healthcare Private Limited
12.4. Koninklijke Philips N.V.
12.5. Shimadzu Corporation
12.6. Canon Medical Systems Corporation
12.7. Carestream Health
12.8. Hitachi, Ltd.
12.9. Vision Medicaid Equipments Pvt. Ltd.
12.10. IBIS S.R.L.

Fujifilm Holdings Corporation

General Electric Company

Siemens Healthcare Private Limited

Koninklijke Philips N.V.

Shimadzu Corporation

Canon Medical Systems Corporation

Carestream Health

Hitachi, Ltd.

Vision Medicaid Equipments Pvt. Ltd.

IBIS S.R.L.

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