X-ray Systems Market Size, Share & Trends Analysis Report By Modality (Radiography, Fluoroscopy, Mammography), By Technology (Digital Radiography, Computed Radiography), By Mobility, By End Use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global x-ray systems market size was valued at USD 6.7 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 2.3% from 2022 to 2030. Major factor driving the market is increase in the demand for early-stage diagnosis of chronic diseases. In addition, continuous technological advancements, rise in product development, improved fundings, and investments by the government, especially in developing countries, such as India and China, are also expected to contribute to the market growth. For instance, in June 2021 the government of India launched X-Ray Setu, a free Artificial Intelligence (AI) based platform to aid doctors for early Covid interventions.

Over the last few years, medical imaging has undergone a drastic evolution owing to digital radiology solutions. Diagnostic accuracy is at the core of the healthcare industry, and digital X-ray imaging plays a significant role in improving diagnostic accuracy. In addition, the integration of AI in these systems has contributed to market growth. For instance, in August 2021, GE Healthcare announced a partnership with Amazon Web Services (AWS) to provide AI and cloud-based imaging solutions to hospitals and healthcare providers. Furthermore, major market players are engaged in the development of advanced modalities such as multimodal/hybrid imaging systems.

For instance, in October 2021, Siemens Healthineers launched Luminos Impulse, a 2-in-1 remote-controlled imaging device that integrates fluoroscopy and radiography for improved clinical productivity and efficiency. Increasing awareness and adoption of preventive healthcare and disease screening programs is expected to propel market growth. Improvement in the quality of image output is expected to enhance diagnostic accuracy in the early stages of various diseases. This can help with the faster diagnosis and treatment of a variety of life-threatening disorders, including cancer and a number of cardiovascular conditions. Thus, the growing usage of x-ray systems for diagnosing various diseases is expected to contribute to market growth.

The COVID-19 pandemic has posed challenges and changed healthcare systems globally. Radiology has considerably improved patient care in this crisis, owing to rapid advancements.The first imaging procedure that played an important role in the treatment of COVID-19 was chest radiography, since it plays a major role in the diagnosis of COVID-19. Furthermore, the demand for mobile x-ray systems has increased as a result of the COVID-19 pandemic. With the consumers being more aware of the benefits of mobile x-ray systems and the possibility of another pandemic in the future, healthcare facilities may consider switching to mobile diagnostic equipment owing to its faster image processing, workflow optimization, integrated AI, and other features.

Modality Insights

The radiography segment dominated the market and accounted for the largest revenue share of more than 49.0% in 2021. The segment is further expected to continue its dominance over the forecast period. For the majority of the patients, radiography is the initial diagnostic imaging step recommended by doctors on their way to a definitive diagnosis. As this system has a wide range of applications and is less expensive and time-consuming than other systems. Furthermore, the increasing technological advancements is expected to boost market growth for this segment. For instance, in June 2020, Siemens Healthineers introduced Ysio X.pree1, an X-ray system with integrated AI, to help automate x-ray image acquisition and interpretation.

The mammography segment is also expected to grow at a significant rate over the forecast period, owing to the increasing incidence of breast cancer and rising awareness about the same amongst the population. As per the Global cancer observatory, in 2020 there were about 2,261,419 new breast cancer cases and the disease accounted for 684,996 deaths globally. Furthermore, the adoption of mammography systems by end users is expected to expand as technology continues to progress. For instance, in March 2021, Siemens Healthineers introduced Mammovista B.smart, software that speeds up the reading process for breast imaging.

Technology Insights

The Computed Radiography (CR) segment dominated the market for x-ray systems and accounted for the largest revenue share of 54.6% in 2021, owing to its lower initial costs. CR is the first digital replacement for traditional x-ray film radiography with cassette-based Phosphor Storage Plates (PSP), which provides significant benefits such as the elimination of consumables and a significant reduction in image development time. In developing countries, where the adoption of new technology is slower, computed radiography has been found to be in high demand.

The Digital Radiography (DR) segment is anticipated to witness the fastest growth rate over the forecast period. There is a growing demand for DR since this system produces, high contrast resolution images at lower ionizing radiation using flat panel detectors (FPD). Moreover, this system is more efficient, compact, and has the capability of rapid image viewing. The growing adoption of DR technology by end-users to enhance the workflow is expected to boost the segment growth during the forecast period.

Mobility Insights

The stationary x-ray systems segment dominated the market and held the largest revenue share of 65.0%in 2021. In developing countries, where the adoption of new technology is slower, stationary x-ray systems have been found to be in high demand. The mobile x-ray systems segment is expected to exhibit the fastest CAGR of 3.3% during the forecast period. Mobile systems are superior to fixed systems because of their portability, image quality, speed, safety, and cost, which makes them more convenient and versatile to operate.

An increase in demand for mobile x-ray systems is noted, ever since the covid-19 pandemic as this system has the flexibility to be carried around the hospital or to a patient’s home, thus decreasing the risk of virus transmission. The focus of market players in developing innovative and improved mobile x-ray units is also leading to increasing adoption of this system. For instance, in March 2021, Fujifilm Ltd., a leader in imaging and healthcare technologies, announced the launch of t FDR micro, a mobile digital radiology system, which provides high-resolution imaging with low X-ray doses.

End-use Insights

The hospital segment dominated the market and accounted for the largest revenue share of 68.7% in 2021. In outpatient settings, x-ray system is a substantial source of revenue, also there is an increase in the number of patients visiting hospitals with various chronic disorders.   As a result, these systems are frequently installed and upgraded in hospitals. Furthermore, the increasing partnerships between hospitals and market players, are likely to boost demand for new installations in the coming years. For instance, in February 2021, Siemens Healthineers announced its partnership with Kantonsspital Baden, a hospital in Switzerland, this partnership involves imaging system procurement and maintenance, training programs, and research support.

The diagnostic imaging center segment is expected to witness significant growth during the forecast period. Imaging centers provide a comprehensive range of diagnostic and preventative health services. Most hospitals lack the necessary space for specialized imaging equipment rooms, also they require high investments and frequent maintenance. According to United Healthcare, medical imaging in a hospital outpatient department is up to 165% more expensive than diagnostic imaging centers. The growing patient population with chronic disorders is an opportunity for radiologists to provide stand-alone outpatient imaging centers. For instance, in September 2021, Intermountain Healthcare the largest healthcare provider in the U.S. announced the launch of Tellica Imaging, a stand-alone outpatient imaging center.

Regional Insights

North America dominated the market and accounted for the largest revenue share of 30% in 2021. The market is being influenced by factors such as increasing adoption of modern technology and improved healthcare infrastructure, strong purchasing power, and a fair reimbursement framework. For instance, in August 2021, Shimadzu Medical Systems USA announced the first North American installation of its RADspeed Pro style edition with GLIDE Technology, DR system at Benefis Orthopedic.

In Asia Pacific, the market for x-ray systems is estimated to witness the fastest CAGR during the forecast period owing to the increased demand for better imaging devices and supportive government initiatives for improving healthcare infrastructure in the region. Rapidly developing economies and improving healthcare services in Southeast Asian countries, China, Japan and India are expected to propel growth. For instance, according to ENHANCE International's Sam Radwan, China's estimated healthcare spending in 2050 might be greater than Germany's overall GDP in 2020. Furthermore, the increasing prevalence of chronic disorders and the rise in the geriatric population is expected to boost the market growth in Asian Pacific.

Key Companies & Market Share Insights

The key players are developing high-end mobile x-ray systems, which gained popularity since the Covid 19 pandemic, as well as integrating Artificial Intelligence (Al) into these imaging systems, which have demonstrated impressive accuracy and sensitivity in the detection of imaging abnormalities. As a result, it is being more widely adopted and used in the field of medical imaging. For instance, In November 2021, GE Healthcare received FDA clearance for its artificial intelligence (AI) algorithm to help healthcare professionals evaluate Endotracheal Tube (ETT) placements. The AI algorithms are installed in a mobile x-ray device for automated measurements, case prioritization, and quality control. Furthermore, these players are developing strategic collaborations in order to adopt and develop advanced software that can boost the output of medical imaging. Some of the prominent players in the X-ray systems market include:

• Koninklijke Philips N.V. 

• Siemens Healthineers AG

• GE Healthcare

• Canon Medical Systems

• Shimadzu Corporation

• FUJIFILM SonoSite, Inc.

• Carestream

• Mindray Medical International Limited

• Hologic, Inc

• New Medical Imaging

• AGFA

X-ray Systems Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global X-ray systems market report on the basis of modality, technology, mobility, end use, and region:

• Modality Outlook (Revenue, USD Million, 2017 - 2030)

  • Radiography

  • Fluoroscopy

  • Mammography

• Technology Outlook (Revenue, USD Million, 2017 - 2030)

  • Digital radiography

  • Computed radiography

• Mobility Outlook (Revenue, USD Million, 2017 - 2030)

  • Stationary

  • Mobile

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals

  • Diagnostic imaging centres

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East and Africa

    • South Africa

    • Saudi Arabia

    • UAE