X-ray is a type of electromagnetic ionizing radiation, which has wide applications in diagnostics. Advancements in technology and new product launches of innovative X-ray system are boosting growth of the market. For instance, In October 2017, Siemens Healthineers launched new Cios Spin, a mobile C-arm in the U.S. Cios Spin mobile arm provides potential benefits as a design aid intra-operative 3D imaging. Moreover, with high generative power, it can scan the solid part of the body such as the hip and can also scan more dense tissue in obese patients. Such advancements have enabled easy and immediate viewing of images on the screen, which in turn has shifted the trend from conventional X-ray techniques to digital X-ray technique, as it does not a require processing before it can be viewed. Computed tomography (CT) scans are highly valuable during emergency cases, as they provide quick information while assessing strokes, heart diseases, and brain injuries. For instance, in April 2017, Toshiba Medical launched new Aquilion Lightning computed tomography (CT), which provides high quality images and potentially helps with faster diagnosis. However, continuous exposure to the ionizing radiation, causes cell mutations, in turn leading to increased risk of cancer. This poses as a major restraint for growth of the market for X-ray.
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Key Takeaways of the X-ray Market:
The global X-ray market is expected to exhibit a CAGR of 7.8% over the forecast period (2017 – 2025), owing to the presence of high potential markets, especially in Asia Pacific, and Latin America. Whereas North America is expected to hold a dominant position in the market due to increasing problem of osteoporosis and introduction of new technologies
Among modalities, the portable segment is expected to gain traction over the forecast period, as portable devices reduce time spent in hospitals, resulting in lower chances of contracting hospital acquired infections (HAIs)
Among technologies, the digital radiography segment is expected to exhibit rapid growth, as digital radiography reduces radiation exposure and improves the ability to detect diseases
Among end users, the hospital segment is expected to hold the largest market share due to the increasing prevalence of cancer, fractures, and orthopedic disorders.
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