Within the field of diagnostic imaging, the X-Ray Systems Market is a source of medical wisdom, providing clear and accurate illumination of the complex features of the human body. The medical diagnostics industry is constantly changing due to this dynamic market that is driven by technological innovation. Because they provide a non-invasive way to examine the internal workings of the body, X-ray devices have grown to be essential tools for medical professionals. X-ray systems are essential for accurate diagnosis and well-informed treatment decisions, from simple screenings to sophisticated medical treatments. The X-Ray Systems Market is leading the way in navigating the changing healthcare landscape and paving the way for a time when diagnostic capabilities are both sophisticated and easily available, as long as there is a need for advanced medical imaging. The market study report on X-ray systems According to Future Market Insights, this product’s global sales are expected to reach US$ 6.9 billion by 2021. It is projected that the market would expand by 2.2% between 2022 and 2032, which will be significantly higher than growth in prior years. Computed radiography is expected to be the most lucrative market between 2022 and 2032, with a compound annual growth rate (CAGR) of more than 2.2%.
Medical imaging has changed dramatically in recent years as a result of the rising popularity of digital radiology systems. Diagnostic accuracy is at the heart of the healthcare sector, and digital X-ray imaging is a large part of it. Furthermore, the inclusion of AI in these systems has aided market expansion. A primary driver of the segment is the quest for early-stage identification of chronic disorders. Furthermore, market expansion is projected to be aided by future technological advances, greater product development, improved funding, and government efforts, particularly in emerging countries like as India and China.
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Market growth is likely to be fueled by rising awareness and acceptance of preventive healthcare and sickness screening programs. Diagnostic accuracy in the early stages of many illnesses is predicted to improve as image quality enhances. This can aid towards the faster diagnosis and treatment of a range of life-threatening conditions, such as cancer and a variety of cardiovascular issues. As a consequence, market growth is expected to be aided by growing use of X-ray equipment for detecting different illnesses.
In addition, as a result of the COVID-19 outbreak, demand for portable X-ray devices has increased dramatically. As healthcare professionals become more aware of the benefits of mobile X-ray systems, they may consider switching to mobile diagnostic equipment owing to its faster image processing, workflow optimization, integrated AI, and other features.
Key Takeaways from the Market Study
- Global X-ray Systems Market is expected to cross a market size of US$ 7 Billion by 2022.
- Computed Radiography technology, is expected to grow at the highest CAGR of 2.2% during the forecast period.
- In terms of Mobility, Mobile X-ray Systems accounts for the highest CAGR of 2.1% during the historic period (2017to 2021).
- United States is projected to remain the dominant market with absolute dollar opportunity of US$ 649 Million during 2022 to 2032.
- The market in Japan is set to experience the highest CAGR of 2.9% during the 2022 to 2032 forecast period.
“Artificial intelligence and diagnostic accuracy are projected to boost the X-Ray industry at a rapid rate, due to the increasing number of patients suffering from various diseases, and the increasing number of surgeries performed to remove tumors and other diseases.” comments a Future Market Insights analyst.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the X-ray Systems Market are focused on R&D to produce innovative technological solutions.
- In October 2021, Siemens Healthineers announced the launch of Luminos Impulse, a 2-in-1 remote-controlled imaging system that combines fluoroscopy and radiography for better clinical productivity and efficiency.
- In August 2021, GE Healthcare and Amazon Web Services entered into partnership wherein they will offer artificial intelligence and cloud-based imaging solutions to hospitals and healthcare providers.
- In June 2021, the Indian government released X-Ray Setu, a free AI-based technology to assist clinicians with early Covid therapy.
- In August 2020, Canon Inc. introduced a Mobile Digital X-ray system that simplifies detector charging and storage capacity while increasing detector wireless range and productivity. The SOLTUS 500 has received FDA 510(k) clearance.
- In January 2020, Thales and NEHS Digital partnered together to deploy innovative technology to speed up the hospital admissions process during a crisis. This project brings together Thales’ radiography and AI expertise, as well as NEHS’ digital footprint in the French healthcare system.
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Market Segments Covered in X-Ray Systems Market Analysis
By Technology:
- Digital Radiography
- Computed Radiography
By Mobility :
- Stationary
- Mobile
By End Uses:
- Hospitals
- Diagnostic Imaging Centres
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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