Overview and Scope
Medical X-ray equipment and imaging software refers to the hardware and
software utilized for capturing, processing, and interpreting x-ray images in
medical diagnostics. It is also used for non-invasive visualization of internal
body structures, aiding in the diagnosis of various medical conditions such as
fractures, tumors, and pulmonary diseases.
Sizing and Forecast
The medical X-ray equipment and imaging software market size has grown strongly
in recent years. It will grow from $2.73 billion in 2023 to $2.92 billion in
2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the
historic period can be attributed to the aging population, increased disease
burden, growth in healthcare expenditure, rise in adoption of digitalization,
and increased regulatory compliance.
The medical X-ray equipment and imaging software market size is expected to see
strong growth in the next few years. It will grow to $3.85 billion in 2028 at a
compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period
can be attributed to the growing demand for point-of-care imaging, expansion of
telemedicine, focus on value-based healthcare, shift towards digitalization,
and focus on personalized medicine. Major trends in the forecast period include
the integration of artificial intelligence, patient safety and dose reduction,
a shift towards digitalization and PACS (picture archiving and communication
system) integration, portable and point-of-care imaging solutions, and the
adoption of 3D and 4D imaging.
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Segmentation & Regional Insights
The medical x-ray equipment and imaging software market covered in this report
is segmented –
1) By Type: Equipment, Software
2) By Technology: Radiography Or Mammography, Computed Tomography, Fluoroscopy
Or Angiography
3) By Image Type: 2-Dimensional, 3-Dimensional
4) By End-User: Hospitals, Diagnostic Centers, Research Centers
North America was the largest region in the medical X-ray equipment and imaging
software market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the medical x-ray
equipment and imaging software market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing number of degenerative joint diseases is expected to propel the
growth of the medical X-ray equipment and imaging software market going
forward. Degenerative joint diseases refer to conditions like osteoarthritis,
where the flexible tissue at the ends of bones wears down, leading to symptoms
such as joint stiffness, pain, and swollen joints. The increasing global burden
of degenerative joint disorders is a result of several factors, including aging
populations, sedentary lifestyles, joint injuries, and genetic predispositions.
Medical X-ray equipment and imaging software are essential tools for
diagnosing, guiding treatment, and monitoring degenerative joint diseases,
thereby improving patient outcomes. X-ray equipment is commonly used to
diagnose degenerative joint disease by capturing images of the affected joints,
while imaging software aids in the analysis and interpretation of X-ray images.
For instance, in August 2023, according to the U.S. News & World Report, a
US-based magazine, the prevalence of osteoarthritis, a degenerative joint
disease affecting 15% of the global population over age 30, was projected to
afflict nearly 1 billion people by 2050, compared to 595 million in 2020.
Therefore, the growing number of degenerative joint diseases is driving the
growth of the medical X-ray equipment and imaging software market.
Key Industry Players
Major companies operating in the medical x-ray equipment and imaging software
market are Samsung Healthcare, Hitachi
Healthcare Americas Corporation, Siemens Healthineers GmbH , Fujifilm Medical
Systems, Philips Healthcare, Stryker Corporation, General Electric Healthcare
LLC, Agilent Technologies Inc., Shenzhen Mindray Bio-Medical Electronics Co.
Ltd., Hologic Inc., PerkinElmer Inc., Shimadzu Corporation, Varian Medical
Systems, Sectra AB, Agfa-Gevaert Group, Carestream Health Inc., Analogic
Corporation, Konica Minolta Healthcare Inc., Canon Medical Systems Corporation
(formerly Toshiba Medical Systems Corporation), Ziehm Imaging GmbH, Esaote
S.p.A., Planmed Oy, OrthoScan Inc., Terason Corporation, CurveBeam LLC
The medical x-ray equipment and imaging software market report table of
contents includes:
1. Executive Summary
2. Medical
X-Ray Equipment And Imaging Software Market Characteristics
3. Medical
X-Ray Equipment And Imaging Software Market Trends And Strategies
4. Medical
X-Ray Equipment And Imaging Software Market - Macro Economic Scenario
5. Global
Medical X-Ray Equipment And Imaging Software Market Size and Growth
.
32. Global
Medical X-Ray Equipment And Imaging Software Market Competitive Benchmarking
33. Global
Medical X-Ray Equipment And Imaging Software Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Medical X-Ray Equipment And Imaging Software
Market
35. Medical
X-Ray Equipment And Imaging Software Market Future Outlook and Potential
Analysis
36.
Appendix
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