Medical X-ray Market Research Report Information by Type (Digital Radiography and Computed Radiography), by Component (Anodes, Cathodes, Drive Components, and Shieldings and Filters), by Mobility (Stationary and Mobile) by Application (Dental, Cardiovascular, Veterinary, Orthopedics, Mammography, and Others), by End User (Hospitals & Clinics, Diagnostic Imaging Centers, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2032

Global Medical X-ray Market Overview

The Medical X-ray Market size was valued at USD 14.79 billion in 2022 and is projected to grow from USD 15.78 billion in 2023 to USD 24.55 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2023 - 2032).

The factors contributing to the growth of market are increasing prevalence of chronic diseases and rising awareness of early diagnosis.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Medical X-ray Market Trends

• Increasing prevalence of chronic diseases

The medical X-ray market is experiencing a significant boost due to the increasing prevalence of chronic diseases. Chronic diseases, such as cardiovascular disorders, cancer, and respiratory conditions, have become a growing concern worldwide. In 2022, according to the Centres for Disease Control and Prevention (CDC) almost 60% of adult Americans suffer from at least one chronic disease. Chronic diseases such as diabetes, cancer, and cardiovascular disease are the leading causes of death in the US, and people with chronic diseases and mental health conditions account for 90% of the nation's USD 3.8 trillion in annual healthcare costs. This rise in chronic illnesses has created a greater demand for advanced diagnostic tools, including X-ray imaging. X-ray technology plays a crucial role in the early detection, diagnosis, and monitoring of these conditions, enabling healthcare professionals to provide timely and accurate treatment. The versatility and effectiveness of X-rays in capturing detailed images of internal structures make them indispensable in healthcare settings.

Furthermore, the rising awareness of the importance of early diagnosis is a significant driver for the growth of the medical X-ray market. In recent years, there has been a growing emphasis on the early detection and timely management of diseases. The ability of X-ray technology to provide quick and accurate diagnostic imaging plays a vital role in this regard. With greater awareness among patients and healthcare professionals about the benefits of early diagnosis, there is an increased demand for X-ray imaging as a crucial tool for detecting various conditions at their initial stages. By capturing detailed images of internal structures, X-rays aid in the identification of abnormalities, such as tumors, fractures, and infections, allowing for prompt intervention and improved patient outcomes.

Therefore, the rise of chronic diseases and increasing awareness of early diagnosis are fueling a significant surge in the medical X-ray market. X-ray technology's effectiveness in detecting and monitoring chronic conditions, coupled with its ability to provide quick and accurate imaging, makes it an indispensable tool for healthcare professionals. This growing demand for early diagnosis creates a robust market landscape for medical X-rays, ensuring their continued relevance in healthcare settings.

Medical X-ray Market Segment Insights:

Medical X-ray Market Type Insights

Based on type, the Medical X-ray Market has been segmented into digital radiography and computed radiography. Digital radiography segment held the largest market in 2022 with market share 73.11%. The digital radiography segment of the medical X-ray market is experiencing particularly rapid growth due to providing advantages such as superior quality image, reduced radiation dose, enhanced workflow efficiency, advanced features and integration, and cost effectiveness.

Medical X-ray Market Component Insights

Based on component, the Medical X-ray Market has been segmented into anodes, cathodes, drive components, and shieldings and filters. Anodes held the largest market share in 2022, and the fastest-growing segment during the forecast year i.e., 2023-2032. The factors positively contributing to the segment’s growth are rising prevalence of chronic diseases, technological advancements in x-ray tubes, and expanding healthcare infrastructure. Furthermore, the growing awareness of the benefits of early diagnosis has shifted healthcare practices towards preventive and proactive approaches. X-rays, with their quick and cost-effective nature, play a vital role in this, driving the demand for anodes.

Medical X-ray Market Mobility Insights

Based on mobility, the Medical X-ray Market has been segmented into stationary and mobile. Mobile segment held the largest market in 2022 with market share 54.91%. Mobile X-ray machines are not just portable versions of their stationary counterparts; they are game changers in healthcare delivery. Their unique blend of flexibility, accessibility, and cost-effectiveness makes them invaluable tools for improving patient care, particularly in situations where time, space, and resources are precious commodities.

FIGURE 2: MEDICAL X-RAY MARKET, BY APPLICATION, 2022 & 2032 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Medical X-ray Market Application Insights

Based on application, the Medical X-ray Market has been segmented into dental, cardiovascular, veterinary, orthopedics, mammography, and others. Cardiovascular held the largest market share in 2022, and veterinary is the fastest-growing segment during the forecast year, i.e., 2023–2032. The factors influencing the growth of the market are increasing incidences of cardiovascular diseases and a growing geriatric population. As per the Asia-Pacific Report on Population Ageing 2022, there were approximately 670 million people aged 60 or older in Asia-Pacific in 2022.

Medical X-ray Market End User Insights

Based on end user, the Medical X-ray Market has been classified as hospitals & clinics, diagnostic imaging centers, and others. Diagnostic imaging centers held the largest market share in 2022 and is anticipated to register the highest CAGR from 2022 to 2032. This is owing to factors such as the expansion of diagnosing facilities for effective imaging of patients with various types of cancer, increasing investment in product developments and launches for the convenience of patients and physicians, and the growing awareness of early diagnosis of carcinogenic and non-carcinogenic disorders.

Medical X-ray Market Regional Insights

By region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America accounted for the largest market share of 36.51% in 2022 owing to the presence of active industry players in the region and the availability of the products are propelling the market's growth in the North America. Additionally, increasing prevalence of chronic diseases, such as cardiovascular diseases, cancer, and respiratory disorders among others in North America. Medical X-ray imaging plays a crucial role in the diagnosis and treatment of these conditions, driving the demand for advanced X-ray systems. According to the Centers for Disease Control and Prevention, in 2021, about 695,000 people die of heart diseases in the US. Also, every year, approximately 805,000 people in the US have a heart attack.

Further, the major countries studied are: The US, Canada, Brazil, Germany, France, the UK, Italy, Spain, China, India, Japan, South Korea, Australia.

FIGURE 3: MEDICAL X-RAY MARKET, BY REGION, 2022 & 2032 (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe accounts for the second-largest market share due to the accessibility to advanced diagnosis and treatment facilities, the rising development of advanced innovative X-ray technologies, such as DR & Cone-Beam Computed Tomography (CBCT), and the increasing burden of chronic diseases and the subsequent demand for advanced diagnostic imaging. In addition, growing healthcare expenditure is also expected to support the growth of the market. For instance, according to the Eurostat database, healthcare expenditure was USD 13,94,450.5 million or 8.1% of GDP in 2021. Thus, rising healthcare expenditure also increases company activities and government initiatives in developing effective medical X-ray devices for the diagnosis and management of conditions such as cardiovascular diseases, orthopedic disorders, cancer, and others. Furthermore, the Germany medical x-ray market held the largest market share in 2022 and Italy medical x-ray market is the fastest growing market in the Europe region.

Asia-Pacific is anticipated to register the highest growth rate over the forecast period. This is due to the factors such as improving healthcare infrastructure, growing investment by major players with local manufacturers, and growing health awareness among the population. Additionally, technological advancements in medical X-ray systems and a rise in product development with advanced features such as Artificial Intelligence (AI) integration, dose optimization algorithms, & enhanced image processing capabilities boost the market growth. Also, improved funding, & investments by the government, especially in developing countries, such as India and China, are also expected to contribute to market growth. For instance, in June 2021 the Department of Science & Technology (DST) of the government of India launched XraySetu. This AI-driven platform will support early intervention through rapid screening of COVID-19 with the aid of chest X-ray interpretation over WhatsApp for doctors who have access to X-ray machines. Innovative AI-driven mobile Primary Health Care (PHC) systems powered by technologies like XraySetu could increase access to healthcare even in rural India at a fraction of the cost. Moreover, China medical x-ray market held the largest market share in 2022 and India medical x-ray market is the fastest growing market in the Asia-Pacific region.

Medical X-ray Key Market Players & Competitive Insights

The global X-ray market is distinguished by the presence of numerous global, regional, and local players catering to the increasing prevalence of chronic diseases. Furthermore, the improving infrastructure and increasing adoption of X-ray is further driving the growth of the global X-ray market during the forecast period leading. Moreover, the global X-ray market is extremely competitive, with competing, partnering, and investing heavily in research and development to gain a significant market share. The market fragmented with rising competition, product launches, increasing collaborative partnerships, and other strategic decisions players to achieve operational efficiency.

GE Healthcare (US) is part of the General Electric Company (US). The company's products are sold worldwide, primarily to hospitals, medical facilities, pharmaceutical and biotechnology companies, and the life science research industry. The company provides healthcare technologies in medical imaging, digital solutions, patient monitoring, diagnostics, drug discovery, biopharmaceutical manufacturing technologies, and performance enhancement solutions. It has a strong presence in the global market in more than 170 countries. Moreover, in May 2022, the company collaborated with Alliance Medical (UK) to improve patient access to diagnostics and enhance radiology productivity using data analytics and AI.

Key Companies in the Medical X-ray Market includes.

• GE Healthcare (US)


• Fujifilm Corporation (Japan)


• Siemens Healthineers (Germany)


• Koninklijke Philips N.V. (US)


• Hologic, Inc. (US)


• Shimadzu Corporation (Japan)


• Allengers Medical Systems Ltd (India)


• Adonis Medical System (India)


• Aspen Imaging Healthcare (US)


• Plansee SE (US)

Medical X-ray Industry Developments

July 2023:Hologic, Inc (US) received CE mark for its product “Faxitron Path+ Specimen Radiography System”. The feature of this product is that superior, high resolution imaging detector which provide pathologist to image a major range of samples of variable sizes, including foetal, breast tissue, and bone directly in the lab.

July 2023:Shimadzu Corporation (Japan) launched a new product “MobileDaRt Evolution MX8 k type”. This is an advance X-ray technology which enable a series of digital images from a sequence of pulsed X-rays designing dynamic imaging studies.

June 2023:Koninklijke Philips N.V.(Netherland) entered into a collaboration with medical imaging company Polarean (US) to advance the field of hyperpolarized Xenon MRI for patients with respiratory illness.

March 2023:Champalimaud Foundation (Portugal) partnered with Philips to reduce its diagnostic imaging carbon footprint by 50% in five years.

Medical X-ray Market Segmentation:

Medical X-ray Market Type Outlook

• Digital Radiography


• Computed Radiography

Medical X-ray Market Component Outlook

• Anodes


• Cathodes


• Drive Components


• Shieldings and Filters

Medical X-ray Market Mobility Outlook

• Stationary


• Mobile

Medical X-ray Market Application Outlook

• Dental


• Cardiovascular


• Veterinary


• Orthopedics


• Mammography


• Others

Medical X-ray Market End User Outlook

• Hospitals & Clinics


• Diagnostic Imaging Centers


• Others

Medical X-ray Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America