What Fueled The Previous Growth In The Medical X-Ray Equipment And Imaging Software Market?
The medical x-ray equipment and imaging software market has seen considerable growth due to a variety of factors.
• The medical X-ray equipment and imaging software market has shown solid growth in recent years. It is expected to increase from $2.92 billion in 2024 to $3.13 billion in 2025, reflecting a CAGR of 7.4%.
This expansion is driven by an aging population, increased disease burden, higher healthcare expenditure, greater adoption of digitalization, and stronger regulatory compliance.
What Can Be Expected from the Medical X-Ray Equipment And Imaging Software Market Size?
The medical x-ray equipment and imaging software market is expected to maintain its strong growth trajectory in upcoming years.
• The medical X-ray equipment and imaging software market is projected to grow to $4.12 billion by 2029, with a CAGR of 7.1%.
Growth is driven by increasing demand for point-of-care imaging, telemedicine expansion, value-based healthcare models, digitalization, and personalized medicine. Key trends include AI integration, patient safety and dose reduction, digitalization and PACS integration, portable imaging solutions, and 3D/4D imaging adoption.
What Are the Critical Driver Fuelling The Medical X-Ray Equipment And Imaging Software Market's Growth?
The growing number of degenerative joint diseases is expected to propel the growth of the medical X-ray equipment and imaging software market. Degenerative joint diseases like osteoarthritis are becoming more prevalent due to aging populations and sedentary lifestyles. Medical X-ray equipment and imaging software are essential tools for diagnosing and monitoring these conditions. In June 2024, the Australian Institute of Health and Welfare reported that approximately 2.1 million people in Australia were living with osteoarthritis in 2022, further driving the demand for X-ray equipment and imaging software.
How Is The Medical X-Ray Equipment And Imaging Software Market segmented?
The medical X-ray equipment and imaging software market covered in this report is segmented –
1) By Type: Equipment, Software
2) By Technology: Radiography Or Mammography, Computed Tomography, Fluoroscopy Or Angiography
3) By Image Type: 2-Dimensional, 3-Dimensional
4) By End-User: Hospitals, Diagnostic Centers, Research Centers
Subsegments:
1) By Equipment: X-Ray Machines (Analog, Digital, Portable, Fixed, Fluoroscopy), Detectors (Flat-Panel Detectors, Charge-Coupled Device (CCD) Detectors, Computed Radiography (CR) Systems), X-Ray Tubes, Others (Accessories And Parts Related To X-Ray Equipment)
2) By Software: Imaging Software (Picture Archiving And Communication Systems (PACS), Radiology Information Systems (RIS), Diagnostic Imaging Software), Image Processing Software (Enhancement, Analysis, 3D Reconstruction Software), Visualization Software, Others (AI-Based Software For Image Analysis, Workflow Management Software)
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What New Trends Are Influencing The Medical X-Ray Equipment And Imaging Software Market?
Leading companies in the medical X-ray equipment and imaging software sector are innovating by creating solutions such as mobile X-ray systems that improve portability and versatility in medical imaging. These systems are small, conveyable X-ray machines that can be transported with ease and utilized in numerous clinical environments such as hospitals, clinics, emergency rooms, and even outdoor scenarios like disaster relief or military operations. For example, Carestream Health, a medical imaging firm based in the United States, launched the DRX-Rise Mobile X-ray System in May 2023. This ground-breaking mobile X-ray system and fully integrated digital X-ray unit aim to give customers a cost-effective route to digital imaging. The DRX-Rise is designed to address essential needs in medical imaging, including unparalleled image quality, characteristics that speed up workflow for productivity, and a more patient-friendly imaging experience, all while not greatly affecting the capital budget. It is fitted with Carestream's advanced ImageView software, powered by the potent Eclipse processing engine with AI. This software ensures thorough processing and excellent quality images while minimizing errors and improving dose efficiency.
Who Are the Key Players In The Medical X-Ray Equipment And Imaging Software Market?
Major companies operating in the medical x-ray equipment and imaging software market are:
• Samsung Healthcare
• Hitachi Healthcare Americas Corporation
• Siemens Healthineers GmbH
• Fujifilm Medical Systems
• Philips Healthcare
• Stryker Corporation
• General Electric Healthcare LLC
• Agilent Technologies Inc.
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• Hologic Inc.
• PerkinElmer Inc.
• Shimadzu Corporation
• Varian Medical Systems
• Sectra AB
• Agfa-Gevaert Group
• Carestream Health Inc.
• Analogic Corporation
• Konica Minolta Healthcare Inc.
• Canon Medical Systems Corporation (formerly Toshiba Medical Systems Corporation)
• Ziehm Imaging GmbH
• Esaote S.p.A.
• Planmed Oy
• OrthoScan Inc.
• Terason Corporation
• CurveBeam LLC
What Is The Most Dominant Region In The Medical X-Ray Equipment And Imaging Software Market?
North America was the largest region in the medical X-ray equipment and imaging software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical x-ray equipment and imaging software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
