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Base Year: 2024
Companies covered: 17
Tables & Figures: 211
Countries covered: 21
Pages: 141
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Medical X-ray Market
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Medical X-ray Market Size
The global medical X-ray market was estimated at USD 13.7 billion in 2024. The market is expected to grow from USD 14.3 billion in 2025 to USD 22.6 billion by 2034 at a CAGR of 5.2% during the forecast period. The growth of the global market is largely influenced by the growing prevalence of chronic diseases such as cancer, cardiovascular, respiratory, neurological, musculoskeletal disorders, among others.
For instance, in 2021, as per the data from the World Health Organization (WHO), non-communicable disease was responsible for 43 million deaths worldwide among this cardiovascular disease was responsible for at least 19 million deaths followed by cancer with 10 million, chronic respiratory diseases with 4 million. Moreover, as per the 2022 report of WHO approximately 1.71 billion individuals across the globe were suffering from musculoskeletal conditions, which is a lead cause of disability among the individuals globally.
Therefore, the growing number of patients with these chronic conditions’ requires accurate and early disease diagnosis, making medical X-ray devices as a crucial part of these disease detection. X-ray devices provide a detailed imaging of organs, bones and tissue, which are essential to diagnosis tumor, fracture and abnormalities associated with heart, respiratory system, among others, thereby propelling the market growth.
Moreover, technological innovation such as hybrid imaging, portable X-ray devices, which is estimated to reach USD 15.1 billion by 2032, AI enhanced imaging, and digital radiography in medical X-ray devices is a key catalyst for the growth of the market. These innovations are intended to offer high quality image, faster results with a reduction in radiation exposure, stimulating their adoption in the fast-growing market of healthcare. For instance, Canon's CXDI Digital Radiography Systems, Fujifilm's FDR D-EVO II, and Agfa's CR 35-X perfectly align with these trends, these systems provide high quality images with reduced radiation dose and improved workflow.
Medical X-ray are the diagnostic device that utilizes X-ray radiation to create detailed images of the internal part of the body especially bones and tissue. These devices are used to diagnosis fractures, chronic diseases and other medical conditions, through the radiographic images captured by the film or the specialized detectors.
Medical X-ray Market Trends
Medical X-ray Market Analysis
In 2021, the global market was valued at USD 12.2 billion. The following year, it saw a slight increase to USD 12.7 billion, and by 2023, the market further climbed to USD 13.2 billion. Based on type, the global market is bifurcated into digital and analog. The digital segment held revenues of USD 11 billion in the year 2024 and the segment is poised for significant growth at a CAGR of 5.3% during the forecast period.
Based on technology the global medical X-ray market is segmented into digital radiography, computed radiography, and film-based radiography. The digital radiography segment dominated the market with 47% market share in 2024.
Based on portability, the global medical X-ray market is bifurcated into fixed systems and portable systems. The fixed systems segment dominated the market in 2024 and is anticipated to witness growth at a CAGR of 5.1%.
Based on application, the global medical X-ray market is segmented into dental, veterinary, mammography, chest, cardiovascular, orthopedics, and other applications. The orthopedics segment accounted for USD 2.8 billion in 2024.
Based on end use, the medical x-ray market is segmented into hospitals, diagnostic centers, and other end users. The hospitals segment dominated the market and is anticipated to grow at a CAGR of 5.2%.
The North America medical X-ray market dominated the global market with a market share of 36.5% in 2024. The market is driven by rising incidence of chronic diseases and growing demand for diagnostic imaging services. Advancements in imaging technology and a growing focus on early and accurate diagnosis also support market growth.
The U.S. market was valued at USD 4 billion and USD 4.1 billion in 2021 and 2022, respectively. The market size reached USD 4.5 billion in 2024, growing from USD 4.3 billion in 2023.
Europe medical X-ray market accounted for USD 3.8 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
Germany medical X-ray market is anticipated to witness considerable growth over the analysis period.
The Asia Pacific medical X-ray market is anticipated to grow at the CAGR of 5.6% during the analysis timeframe.
China medical X-ray market is predicted to grow significantly over the forecast period.
Brazil is experiencing significant growth in the Latin America medical X-ray market due to the increasing demand for advanced diagnostic solutions tools such as medical X-ray.
Saudi Arabia medical X-ray market is poised to witness substantial growth in Middle East and Africa market during the forecast period.
Medical X-ray Market Share
The top 4 players of the market account for approximately 40% of the market share which includes companies such as Canon, Koninklijke Philips N.V., GE HealthCare Technologies, Siemens Healthineers, among others. These companies maintain their dominance in the market through innovative product launches, extensive distribution networks and strong regulatory approval.
Moreover, strategic partnerships with research institutes, and government agencies play a primary role in advancing the development of advanced medical X-ray devices and getting the necessary permits. The development of public awareness about chronic diseases and its health impact through the social media platform, will encourage more individuals to seek the treatment, enabling market players to strengthen their position in this growing sector.
Medical X-ray Market Companies
Some of the eminent market participants operating in the medical X-ray industry include:
Medical X-ray Industry News
The medical X-ray market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Type
Market, By Technology
Market, By Portability
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: