X-ray Market, Company Analysis and Forecast to 2025

X-ray system is a medical imaging tool, which is used to view, monitor and diagnose bone fractures, cancer, abdominal pain, joint injuries, and infections and thus has wide applications in the healthcare industry. Considering its wide areas of application, the X-ray market is expected to gain significant traction in the near future. X-ray technology used for diagnosis include X-ray radiography, mammography, computed tomography (CT), and fluoroscopy. X-ray radiography detects bone fractures, dental problems, certain tumors, and other abnormal masses. Digital films are convenient and form electronic images that can be viewed faster than conventional medical X-ray films, which require processing and occupy ample of space in hospitals. The X-ray technology is also used for therapeutic applications. For example, Radiation therapy is used in cancer treatment. In radiation therapy, the X-rays and other types of high energy is used to destroy the cancerous tumors by damaging the genetic makeup i.e. DNA. The radiation dose used in such treatments is much higher as compared to that used in diagnostic treatment. However, X-rays are not safe, as they causes harmful side effects such as cell mutations, which might lead to cancer. This poses as a major restraint for growth of the X-ray market.

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Market Dynamics

Increasing incidence of fractures and orthopedic disorders are expected to boost growth of the X-ray market. According to the International Osteoporosis Foundation, osteoporosis causes over 8.9 million fractures, annually, worldwide. Increasing in incidence of cancer is also expected to contribute to growth of the market. According to National Cancer Institute, in 2016, around 1,685,210 new cases of cancer are projected to be diagnosed in the U.S. Moreover, companies are developing advanced technologies to improve imaging quality and reduce dose intake, in turn creating a conducive environment for growth of the X-ray market. For instance, in 2015, Carestream Health launched DRX-Evolution Plus. The new device offers great flexibility in high-ceiling rooms via an extended tube column as well as enhanced workflow and improved visualization. In January 2017, GE Healthcare launched new Senographe Pristina mammography system in the U.S. The device is designed in a way to make breast screening more comfortable.

Key features of the study:

This report provides in-depth analysis of the X-ray market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, impact analysis, technology advancements, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global X-rays market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

Key companies covered as a part of this study include Siemens AG, Toshiba Medical Systems, Hitachi Medical Corporation, Shimadzu Corporation, Carestream Healthcare, Philips Healthcare, Canon, Inc., GE Healthcare, Bracco Imaging S.p.A, and Hologic, Inc.

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Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding future product launches, technology up-grades, market expansion, and marketing tactics
The global X-ray market report caters to various stakeholders in this industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the X-ray market

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This release was published on openPR.