The global X-ray device market is gearing up for a period of unprecedented expansion, as per the latest industry analysis projecting a remarkable value of US$ 24.4 billion by 2032, marking a robust compound annual growth rate (CAGR) of 7.5%. This anticipated surge follows a trajectory of sustained growth, with the market evaluated at US$ 11.4 billion in 2022.
A recent study delving into the market dynamics revealed that the burgeoning demand for X-ray devices is underpinned by multiple factors. Chief among these is the escalating prevalence of chronic illnesses worldwide, compelling a higher demand for advanced diagnostic imaging technologies.
Get your Sample Report with Latest Market Information! https://www.futuremarketinsights.com/reports/sample/rep-gb-14787
“The projected growth of the X-ray device market speaks volumes about the evolving landscape of healthcare and diagnostic tools,” stated Future Market Insights. “This trajectory is not just a testament to technological advancements but also a response to the rising global healthcare needs.”
The surge in demand for these devices, which aid in diagnosing a myriad of medical conditions, is further fueled by the continuous innovation witnessed in the diagnostic imaging sector. Technological advancements have led to improved imaging capabilities, enhancing diagnostic accuracy while reducing radiation exposure, thus bolstering their adoption across various medical facilities.
Moreover, the burgeoning need for more accurate and timely diagnoses, particularly in cases of complex medical conditions, has significantly contributed to the market’s growth trajectory. The portability and versatility of X-ray devices have rendered them indispensable in emergency rooms, clinics, and hospitals worldwide.
“As the prevalence of diseases continues to rise, the importance of efficient diagnostic tools becomes paramount,” remarked Future Market Insights. “The sustained expansion of the X-ray device market underscores the pivotal role these technologies play in modern healthcare.”
The upward trajectory of the X-ray device market indicates a promising future, characterized by continued innovation and technological enhancements in the diagnostic imaging landscape.
The Factors Impeding the Global X-Ray Device Market:
X-ray radiation is harmful to human health even if X-ray equipment have a lot of benefits. Radiation damages the cells in the body. This is predicted to rank among the most significant factors constraining market growth during the projection period. Additional problems that will restrict industrial growth in the next years include inadequate reimbursements and a lack of infrastructure, particularly in developing or undeveloped areas.
The development of digital x-ray technology has allowed athletes to advance their careers. But it’s expected that the expensive price of the device will soon limit market growth. It is challenging for small and medium-sized hospitals to get expensive services, such digital x-rays, which slows down their adoption and limits the market’s growth.
Embrace Smarter Choices With Our Methodology-Derived Insights: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14787
Digital X-Ray Devices to remain Most Popular in the Coming Decade:
The digital segment is anticipated to rule the worldwide x-ray device market in terms of product type. The report projects that the segment will grow between 2022 and 2032 at a CAGR of 7.5%.
The market’s ongoing technical progress is responsible for the segment’s growth. The demand for modern digital x-ray systems has also grown as a result of the many advantages they provide, including the convenience with which patients may be examined and the processing of enormous amounts of data.
Orthopedic Applications to account for Maximum X-Ray Device Market Growth:
Regarding application, it is anticipated that the orthopaedic sector will rule the market. The report predicts that throughout the forecast period, the segment will grow at a CAGR of 7.1%.
Additionally, it is predicted that continuous technological advancement in the industry will further aid market expansion during the assessment year. The segment is anticipated to grow during the evaluation period because of the aforementioned considerations.
Key players:
- Bracco Imaging SPA
- Hologic Inc.
- Fujifilm Holdings Corp
- KUB Technologies Inc
- GE Healthcare
Recent developments in the industry are:
- In March 2021, Fujifilm India unveiled a mobile digital radiology system called FDR Nano. It offers high-resolution imaging with low X-ray doses in healthcare settings, enables noise reduction circuits in turn, and obtains high image quality.
- In September 2021, GE Healthcare launched a fixed X-ray system for radiologists. The device is called Definium Tempo. It reduces workflow burden and enhances productivity for radiology departments.
Get Ahead with Detailed Market Intelligence: Purchase Now to Access! https://www.futuremarketinsights.com/checkout/14787
Key Segments Profiled In the X-Ray Device Market Report:
X-Ray Device Market by Portability:
- Fixed X-Ray Devices
- Portable X-Ray Devices
X-Ray Device Market by Application:
- X-Ray Device for Orthopedic Applications
- X-Ray Device for Dental Applications
- X-Ray Device for Cardiovascular Diseases (CVD) Applications
- X-Ray Device for Oncology Applications
- X-Ray Device for Other Applications
X-Ray Device Market by Product Type:
- Analog X-Ray Device
- Digital X-Ray Device
X-Ray Device Market by Technology:
- Direct Radiography X-Ray Device
- Computed Radiography X-Ray Device
X-Ray Device Market by End User:
- X-Ray Device for Hospitals
- X-Ray Device for Diagnostics Centers
- X-Ray Device for Other End Users
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
