Presently, the global market for X-ray systems and technologies is witnessing steady growth due to high prevalence and increasing incidence of cardiovascular, respiratory, gastrointestinal, and genitourinary, and several other disorders. Additionally, the global aging population and commercialization of new, improved and technologically advanced X-ray systems would boost demand, which would in turn fuel the growth of the X-ray market. New and advanced X-ray systems increasingly find applications in breast cancer imaging, detection of tumor outgrowths, and several other chronic disorders and diseases. Demand for advanced systems is rapidly rising due to the need for early diagnosis to ensure effective treatment and/or management of the disease. Recent technological advancements in the diagnostics industry has led to the introduction of several advanced X-ray systems such as mobile and handheld digital systems, direct digital radiography systems, direct & indirect flat panel detection based systems, and CMOS and CCD based digital systems.
Stationary or fixed X-ray systems held the largest share of 60.1% of the global X-ray market in 2013. Stationary or fixed X-ray systems have been in use for a long time — since the discovery of first X-ray based imaging and diagnostic systems — in developed as well as less developed nations in the world. This is due to portable systems, especially handheld X-ray systems, were launched recently in the global market. However, portable systems are expected to witness high growth rate during the forecast period, and would outperform the stationary X-ray systems segment by 2022. Hospitals, diagnostic laboratories and health care professionals have started installing and using several portable especially mobile systems globally as these systems offer portability and ease of use over stationary systems particularly for bedside imaging or home health care. Based on X-ray technologies, the digital X-ray systems segment held the largest share of 69.1%, followed by the analog systems segment in the global X-ray market in 2013. The computed radiography systems sub-segment held the largest share of the digital X-ray systems segment in 2013. However, the direct digital radiography systems segment is expected to register fastest growth during the forecast period and outperform the CR systems segment by 2022. This is majorly due to introduction and increased acceptance of advanced direct digital X-ray systems that offer several advantages over traditional systems such as low exposure to harmful X-rays, better image quality, and less time consumption.
According to World Health Organization (WHO) estimates, cardiovascular diseases accounted for around 17.3 million deaths in 2008, and the number is likely to increase to 23.3 million deaths each year by 2030. The low to middle income countries are the largest affected regions, accounting for 80% of all the deaths due to cardiovascular diseases across the world. According to WHO estimates, over 9 million people were suffering from tuberculosis globally in 2013. The number of TB cases increased by 4.7% from 8.6 million in 2012 to 9 million in 2013. The total number of deaths due to TB also increased by 15% from 1.3 million in 2012 to 1.5 million in 2013. According to WHO estimates, around 60% to 90% school children and 80% to 90% adults (age group: 19 – 34) suffer from dental cavities. Moreover, the global incidence rate of oral cancer ranges between one to ten cases per 100,000 individuals. At present, several X-ray technologies are increasingly being used for early detection of several chronic diseases and disorders to ensure effective diagnosis and treatment. However, high cost of advanced digital systems and implementation of legal provisions (e.g. affordable care act) that promote cost containment/cost cutting strategies could have a negative impact on the growth of the market in the near future. Moreover, presence of large underserved population in most of the emerging economies of the world would continue to provide future opportunities for the growth of the market during the forecast period.
North America held the largest share of 34.6% of the global X-ray market in 2013, followed by Asia Pacific and Europe. North America comprises the developed economies of the U.S. and Canada that have a large number of elderly individuals suffering from various cardiovascular, orthopedic, genitourinary, and abdominal diseases and disorders. Hence, rising occurrence of various disorders along with high awareness and affordability among people and well established health care infrastructure in the region increases demand for advanced X-ray systems. However, Asia Pacific is expected to register the fastest growth during the forecast period from 2014 to 2022 due to rapid growth expectation of this market in countries such as China and India. The key factor attributed to the high growth of the market in the region is the presence of high geriatric population suffering from a range of respiratory, cardiovascular, gastrointestinal, and genitourinary disorders requiring urgent diagnosis and effective treatment. Other factors include rising government support, increasing awareness and affordability, and corresponding demand for advanced X-ray systems across major economies in the region.
Agfa-Gevaert N.V., Canon, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, GE Healthcare, Hologic, Inc., Hitachi Medical Corporation, Konica Minolta, Inc., Shimadzu Corporation, PerkinElmer, Inc., Philips Healthcare, Siemens Healthcare, Toshiba Corporation, and Varian Medical Systems, Inc. are the major players operating in the global X-ray market. Most of these players constantly innovate and develop technologically advanced and/or improved X-ray systems/technologies to maintain their position in the global market.
This report on X-ray market studies the current and future prospects of the market globally. The stakeholders of this report include companies engaged in manufacturing and commercialization of X-ray devices, and entrants, planning to invest in the X-ray market. This report comprises an elaborate executive summary, which includes a market snapshot that provides overall information of various segments and sub-segments included in the study scope. This section also provides the overall information and data analysis of the global X-ray market with respect to the leading market segments based on types of products, technology, applications and different geographic regions.
The global X-ray market has been segmented on the basis of product type, technology, application, and geography. On the basis of product type, the market for X-ray is categorized into two major segments, namely, stationary/fixed and portable X-ray systems. The portable X-ray products have been further categorized into two sub-segments, namely, mobile and handheld X-ray systems. Based on technology, the X-ray market is segmented into two major segments, namely, analog and digital X-ray systems. The digital X-ray systems market is further categorized into two major technological systems, namely, computed radiography (CR) and direct digital radiography systems. The market for these segments has been extensively analyzed on the basis of the effectiveness, usefulness, sales revenue, and geographic presence of the X-ray devices. Market revenue in terms of USD million for the period between 2012 and 2022 along with the compound annual growth rate (CAGR %) from 2014 to 2022 are provided for all the segments, considering 2013 as the base year.
On the basis of major types of X-ray detectors that are available in the global market, the X-ray detectors market is categorized into three segments, namely, photostimulable storage phosphor (PSP) detectors, flat panel detectors (FPDs) and other (CCDs, CMOS detectors, etc). Flat panel detectors are further segmented into two categories: Indirect flat panel detectors and direct flat panel detectors. Based upon major application areas, the market is segmented into five categories such as cardiovascular, respiratory, dental, mammography and others (abdominal, orthopedics, general surgery, etc). Market revenue in terms of USD million for the period between 2012 and 2022 along with the compound annual growth rate (CAGR %) from 2014 to 2022 are provided for all the segments, considering 2013 as the base year.
The market overview section of this report explores market dynamics such as drivers, restraints, and opportunities that have strong impact on the X-ray market currently and could influence the market in future as well. The market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market in different geographies. Porter’s five forces analysis is also explained in this section to understand the X-ray market considering different parameters that have an impact on the sustainability of the companies operating in the X-ray market. The competitive scenario between different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help the market players to take strategic decisions in order to strengthen their positions and expand their shares in the global market.
Geographically, the X-ray market has been categorized into six regions namely North America, Europe, Asia Pacific, Latin America, Africa, and the Rest of the World (RoW). Market revenue in terms of USD million for the period between 2012 and 2022 along with the CAGR % from 2014 to 2022 are provided for all the regions, considering 2013 as the base year. The recommendations section included in the report would assist existing market players in expanding their market share and new companies in establishing their presence in the X-ray market.
The report also profiles major players in the X-ray market on the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Some of the major players profiled in this report include Agfa-Gevaert N.V., Bracco Imaging S.p.A, Canon, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, GE Healthcare, Hologic, Inc., Hitachi Medical Corporation, Konica Minolta, Inc., Shimadzu Corporation, PerkinElmer, Inc., Philips Healthcare, Siemens Healthcare, Thales group, Toshiba Corporation, Varian Medical Systems, Inc., and Ziehm Imaging, Inc.
The global X-ray market is segmented as follows:
Global X-ray Market, by Product Type
- Stationary X-ray
- Portable X-ray
- Mobile X-ray
- Handheld X-ray
Global X-ray Market, by Technology
- Analog X-ray
- Digital X-ray
- Computed Radiography
- Direct Digital Radiography
- Photostimulable Storage Phosphor (PSP) Detectors
- Flat Panel Detectors
- Indirect FPDs
- Direct FPDs
- Other X-ray Detectors (CCD, CMOS, X-ray Films, etc.)
Global X-ray Market, by Applications
- Others (Abdominal, Orthopedic, etc.)
Global X-ray Market, by Geography
- North America
- Asia Pacific
- Latin America
- Rest of the World (RoW)