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The X-ray Systems Market size is expected to grow at a CAGR of 4.8% from 2022 to 2027 and reach $10.8 billion in 2027. X-ray systems transmit individual x-ray particles
through the body, which are then recorded on a computer or a film in places
such as hospitals, diagnostic laboratories and homecare. An X-ray system
consists of X-ray generators and X-ray detectors. They can be stationary as
well as portable, depending on the application. The application of combining technologies such as molecular diagnostics, point-of-care testing and Enzyme-Linked Immunosorbent
Assay contribute to the growth of the market.
X-ray systems Market Drivers
The Surge in the Geriatric Population to Hold a Sizable Share of the World Population:
As per World Bank 2021, 10% of the world population is aged 65 and above. The geriatric population across the globe has been rising significantly and currently holds a sizable share of the entire population. Senior populations are more likely to suffer hip, spine and distal forearm fractures. CDC estimates that around 7 fall-related deaths per hour can be seen in the U.S. by 2030. As per the CDC, they are also highly prone to tooth decay and Gum diseases.
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The Onset of COVID-19:
Chest imaging via X-ray was extensively used for disease
management and triage of patients suspected of contracting COVID-19. As per
surveys conducted by the Public Library of Science, during the pandemic, 85% of
all the examinations were X-ray based. As tests are currently being run
progressively, healthcare facilities around the world are still struggling to
handle the spike in demand for diagnosis and treatment of COVID-19 patients.
Furthermore, hospitals are increasingly focusing on purchasing mobile X-ray
systems with anti-microbial coatings and ease of sterilization.
Partnerships and Product Launches
In June 2021, Prisma Health announced that they have signed
a 10-year partnership agreement with Siemens to deploy its medical systems
across its healthcare segment. In July 2022, Siemens Healthineers announced the launch
of the Multix Impact E x-ray system at the European Congress of Radiology (ECR)
in Vienna.
The Major Companies in the Market
The Major Companies of X-ray Systems include Koninklijke Philips N.V, Siemens Healthineers AG, GE Healthcare, Canon Medical Systems, Shimadzu Corporation, FUJIFILM Holdings Corporation, Carestream Health, Mindray Medical International Limited, Hologic, Inc and New Medical Imaging Co., LTD.