Worldwide X-Ray Devices Industry to 2025 - Emerging Players and Market Lucrativeness
DUBLIN, Aug. 10, 2020 /PRNewswire/ -- The "X-Ray Devices Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global X-ray devices market is estimated to grow at a CAGR of 5.14% from a market size of USDX10.793 billion in 2019 to a market size of USD14.580 billion by 2025. An X-ray device is used for creating 2D X-ray images of the 3D internal body organs or bones. The growing number of chronic diseases is providing an impetus in fueling market growth in the forecast period. The growing trend of early diagnosis and detection of a disease is further providing an opportunity for the market to proliferate in the forecast period.
The X-ray system emits small amounts of X-rays in the human body and captures an image of the area of interest onto a device. The growing number of non-fatal road accidents are propagating the market demand, as X-ray provides an immediate snapshot of the injury. Also, with innovations, the X-ray devices market has been bifurcated into portable and stationary systems, further propelling the market demand. The growing digitization has segregated the market on the basis of analog and digital technologies, fueling the market share of the digital X-ray systems with a rapid rise in adoptions due to the ongoing improvements in providing better healthcare facilities on the global level. The growing global elderly population is driving the market growth in the forecast period with the emergence and prevalence of age-associated diseases like osteoporosis and the detection of bone degeneration due to the aging process.
The global geriatric population (above 65 years or older) rose from 551,217,090 in 2012 to 673,618,927 in 2018 (source: The World Bank). The growing elderly population requires better healthcare facilities which include preventative measures as many people under this category are either suffering from age-associated chronic diseases or are suffering from diseases due to the adoption of an unhealthy lifestyle when younger. Thus, this population is in the requirement of better healthcare facilities where better diagnostic and treatment measures need to be taken in order to prevent further spreading of the age-associated or degenerative diseases. Furthermore, with the declining fertility rates and increasing life expectancy at birth, global aging is poised to accelerate due to an overall improvement in the survival leading to longevity, further burgeoning the market growth during the forecast period.
On the basis of geography, North America followed by the European region is estimated to hold a significant market share in the forecast period. The Asia Pacific region is predicted to be the fastest-growing with a significant CAGR over the next five years.
There has been a loss of lives of more than one million people due to road crash or accidents. Around 20 to 50 million people suffer due to non-fatal road injuries which lead to disability due to the accident every year. Causes of non-fatal road injuries include speeding, drink-driving, and drug-driving, not using safety restraints like helmets, car seat belts, and child restraints, distraction while driving because of mobile phones, poor and unsafe road infrastructure, and not following traffic laws. This has given rise to huge economic losses to the individual, his/her family, and the nation as a whole.
However, sophisticated equipment like an X-ray provides assistance in the treatment processes following the diagnosis and further helps in the monitoring of the treatment as well. The rising number of road accident cases is creating a market demand owing to the improvement of the lives of the patients and helping them to cope up with their disabilities, mentally and physically.
There is a presence of other medical imaging modalities apart from X-ray systems which include magnetic resonance imaging systems (MRI), CT, and ultrasound among others. These are also widely available, are quite efficient with state-of-the-art technologies, and are used for various diagnostic and therapeutic purposes. Additionally, ultrasound is considered the safest form of imaging as this does not make use of any ionizing radiation and makes use of sound waves instead. It is the first choice among people for pregnancy, emergency diagnosis, cardiac, spine, and imaging of other internal organs. Also, a CT scan is widely used during an emergency in emergency rooms, this is because it takes less than five minutes in scanning. While the MRI scans take a longer time, a minimum of 30 minutes but provide an in-depth analysis of a particular diagnosis, which is considered better than an X-ray system. Hence, the presence of these imaging systems will impose a threat in hampering the market growth in the forecast period.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. X-Ray Devices Market Analysis, by Type
5.1. Introduction
5.2. Portable
5.3. Stationary
6. X-Ray Devices Market Analysis, by Application
6.1. Introduction
6.2. Diagnostic
6.3. Treatment
7. X-Ray Devices Market Analysis, by Medical Condition
7.1. Introduction
7.2. Cancer
7.3. Digestive Problems
7.4. Fractures
7.5. Others
8. X-Ray Devices Market Analysis, by Medical Application
8.1. Introduction
8.2. Human
8.3. Veterinary
9. X-Ray Devices Market Analysis, by Technology
9.1. Introduction
9.2. Analog
9.3. Digital
10. X-Ray Devices Market Analysis, by Geography
10.1. Introduction
10.2. North America
10.2.1. North America X-Ray Devices Market, By Type, 2019 to 2025
10.2.2. North America X-Ray Devices Market, By Application, 2019 to 2025
10.2.3. North America X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.2.4. North America X-Ray Devices Market, By Medical Application, 2019 to 2025
10.2.5. North America X-Ray Devices Market, By Technology, 2019 to 2025
10.2.6. By Country
10.2.6.1. United States
10.2.6.2. Canada
10.2.6.3. Mexico
10.3. South America
10.3.1. South America X-Ray Devices Market, By Type, 2019 to 2025
10.3.2. South America X-Ray Devices Market, By Application, 2019 to 2025
10.3.3. South America X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.3.4. South America X-Ray Devices Market, By Medical Application, 2019 to 2025
10.3.5. South America X-Ray Devices Market, By Technology, 2019 to 2025
10.3.6. By Country
10.3.6.1. Brazil
10.3.6.2. Argentina
10.3.6.3. Others
10.4. Europe
10.4.1. Europe X-Ray Devices Market, By Type, 2019 to 2025
10.4.2. Europe X-Ray Devices Market, By Application, 2019 to 2025
10.4.3. Europe X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.4.4. Europe X-Ray Devices Market, By Medical Application, 2019 to 2025
10.4.5. Europe X-Ray Devices Market, By Technology, 2019 to 2025
10.4.6. By Country
10.4.6.1. UK
10.4.6.2. Germany
10.4.6.3. France
10.4.6.4. Others
10.5. Middle East and Africa
10.5.1. Middle East and Africa X-Ray Devices Market, By Type, 2019 to 2025
10.5.2. Middle East and Africa X-Ray Devices Market, By Application, 2019 to 2025
10.5.3. Middle East and Africa X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.5.4. Middle East and Africa X-Ray Devices Market, By Medical Application, 2019 to 2025
10.5.5. Middle East and Africa X-Ray Devices Market, By Technology, 2019 to 2025
10.5.6. By Country
10.5.6.1. United Arab Emirates
10.5.6.2. Israel
10.5.6.3. Saudi Arabia
10.5.6.4. Others
10.6. Asia Pacific
10.6.1. Asia Pacific X-Ray Devices Market, By Type, 2019 to 2025
10.6.2. Asia Pacific X-Ray Devices Market, By Application, 2019 to 2025
10.6.3. Asia Pacific X-Ray Devices Market, By Medical Condition, 2019 to 2025
10.6.4. Asia Pacific X-Ray Devices Market, By Medical Application, 2019 to 2025
10.6.5. Asia Pacific X-Ray Devices Market, By Technology, 2019 to 2025
10.6.6. By Country
10.6.6.1. Japan
10.6.6.2. China
10.6.6.3. India
10.6.6.4. Australia
10.6.6.5. Others
11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
12. Company Profiles
12.1. Fujifilm Holdings Corporation
12.2. General Electric Company
12.3. Siemens Healthcare Private Limited
12.4. Koninklijke Philips N.V.
12.5. Shimadzu Corporation
12.6. Canon Medical Systems Corporation
12.7. Carestream Health
12.8. Hitachi, Ltd.
12.9. Vision Medicaid Equipments Pvt. Ltd.
12.10. IBIS S.R.L.
For more information about this report visit https://www.researchandmarkets.com/r/8gi70z
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article