X-Ray Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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X-Ray Systems Market Report Overview
The X-Ray systems market size was valued at $3.04 billion in 2023 and the market is expected to grow more than 2% from 2023 to 2033. X-ray systems use high-energy radiation to diagnose diseases by taking images of internal structures of the body. Currently, there are multiple medical imaging systems available for accurate detection of various organs and with the current number of installations, the trend seems to be moving towards the adoption of digital technology.
X-Ray Systems Market Outlook 2023-2033 ($ Billion)
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The X-ray systems market research report explains the market behavior, which will help identify quantitative market trends within diagnostic imaging therapeutic areas. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. The model also discusses the detailed impact of COVID-19 on the X-ray systems market for 2020 and beyond.
Market Size (2023) | $3.04 billion |
CAGR (2023-2033) | >2% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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X-Ray Systems Market Dynamics
The increasing prevalence of various chronic diseases, cardiac diseases, and neurological diseases has resulted in increased demand for medical imaging services. Healthcare as a sector is growing exponentially across the world, with increasing investments being made in state-of-the-art systems, emerging economies are expected to make huge developments in catching up to developed economies with regards to providing patients with advanced systems which are widely available. Several market leaders are involved in comprehensive research and development activities to offer further advancements in this highly competitive market. Additionally, there is a high preference and demand for minimally invasive treatments and diagnostic procedures. This combined with rising numbers of diagnostic imaging centers is likely to lead a surging growth for the X-ray systems market globally.
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X-Ray Systems Market Segments
The key segments in the X-ray systems market are Computed Radiography (CR) X-ray Systems and Direct Digital Radiography (DDR) X-ray Systems. In 2023, the Direct Digital Radiography (DDR) X-ray Systems segment dominated the market share. The segment is further classified into Charged Couple Device (CCD) DDR X-ray Systems and Flat Panel Detector DDR X-ray Systems.
Digital radiography is generally used in facilities that have a very high patient throughput as its capabilities dramatically improve workflow. Moreover, remote viewing is possible, so images can also be stored digitally for offsite analysis. Other major drivers for the increase in sales of DR systems include increased dose efficiency and a greater dynamic range of digital detectors. Over the last few years, hospitals have been purchasing digital units for their radiology departments. This is in line with worldwide trends of migration from screen-film radiography to digital radiography.
X-Ray Systems Market Analysis by Segments, 2023 (%)
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X-Ray Systems Market Segmentation by Regions
The key regions in the X-ray systems market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, Asia-Pacific emerged as the leading regional segment. The APAC X-ray systems market is witnessing an increasing trend due to government-driven price management and reimbursement controls for healthcare. The market will grow at a steady rate due to the high prevalence and incidence of therapeutic & diagnostic cases involving the use of high-resolution X-ray imaging and growing number of hospitals, and the growing preference for non-invasive diagnostic imaging.
X-Ray Systems Market Analysis by Regions, 2023 (%)
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X-Ray Systems Market – Competitive Landscape
The key companies in the X-ray systems market are GE Healthcare Technologies Inc, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, Shimadzu Corp, Fujifilm Holdings Corp, Carestream Health Inc, and Agfa HealthCare NV, among others. In 2023, GE Healthcare Technologies Inc. accounted for the highest X-ray systems market share and value.
X-Ray Systems Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report.
X-Ray Systems Segment Outlook ($ Million, 2015-2033)
- Computed Radiography (CR) X-ray Systems
- Multi-Plate Reader CR X-ray Systems
- Single-Plate Reader CR X-ray Systems
- Direct Digital Radiography (DDR) X-ray Systems
- Charged Couple Device (CCD) DDR X-ray Systems
- Flat Panel Detector DDR X-ray Systems
X-Ray Systems Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed X-ray systems market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total X-ray systems market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the X-ray systems market.
- Competitive dynamics insights and trends provided for the X-ray systems market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: GE Healthcare Technologies Inc, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, Shimadzu Corp, Fujifilm Holdings Corp, Carestream Health Inc, Agfa HealthCare NV, and Others.
Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives must have a deep understanding of the X-ray systems marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on X-ray systems.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving X-ray systems.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the X-ray systems market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific X-ray systems market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Siemens Healthineers AG
Philips Healthcare
Canon Medical Systems Corp
Shimadzu Corp
Fujifilm Holdings Corp
Carestream Health Inc
Agfa HealthCare NV
Others
Frequently asked questions
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What was the X-ray systems market size in 2023?
The X-ray systems market size was $3.04 billion in 2023.
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What will the X-ray systems market CAGR be during 2023-2033?
The X-ray systems market will grow at a CAGR of more than 2% from 2023 to 2033.
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Which was the leading segment in the X-Ray systems market in 2023?
Direct Digital Radiography (DDR) X-ray system was the leading segment in the X-ray systems market in 2023.
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Which region held the largest share of the X-Ray systems market in 2023?
Asia-Pacific was the largest regional market for X-Ray systems in 2023.
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Who are the major players in the X-Ray systems market?
The key companies in the X-Ray systems market are GE Healthcare Technologies Inc, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, Shimadzu Corp, Fujifilm Holdings Corp, Carestream Health Inc, Agfa HealthCare NV, and Others.
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