Latest Market Study | Global X-Ray Systems Market Size, Share, & Forecast 2023-2030 - Published by RationalStat

The global X-Ray Systems market is expected to reach US$ 11 billion by 2030, with an annual growth rate of more than 5.8%.

According to RationalStat's recent industry analysis, the Global X-Ray Systems Market value is estimated at US$ 7.4 billion in 2023 and is expected to rise at a strong CAGR of over 5.8% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

X-ray systems are sophisticated imaging devices that utilize X-rays to create detailed images of the internal structures of objects, including the human body. These systems are widely used across various industries and applications, contributing to the growth of their global market.

Continuous technological breakthroughs, such as the development of digital X-ray equipment and picture resolution enhancements, contribute to market expansion. Increased worldwide healthcare spending, combined with rising demand for better diagnostic technology, drives the use of X-ray systems in medical settings.

According to a deep-dive market assessment by RationalStat, the global X-Ray systems market has been analyzed on the basis of market segments, including modality, technology, mobility, end use and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global X-Ray Systems market covers market sizes on the basis of market value (US$/EUR Million), volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global X-Ray Systems market. It also includes the industry's current state - Production levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global X-Ray Systems Market: Segmental and Market Share Analysis

• On the basis of modality, radiography segment dominated the market and accounted for the largest revenue share of more than 45% in 2022. The segment is further expected to continue its dominance over the forecast period.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 7.4 billion
Market Size Forecast US$ 11 billion
Growth Rate 5.8%
Dominant Segment Radiography
Dominant Region North America

Key Market Drivers
• Increasing preventive healthcare
• Technological advancements
• Increasing number of government initiatives

Companies Profiled
• 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

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.

• In October 2021, Siemens Healthineers introduced the Luminos Impulse, a 2-in-1 remote-controlled imaging system that combines fluoroscopy and radiography for greater clinical productivity and efficiency.

Some of the prominent players and suppliers operating and contributing significantly to the global X-Ray systems market growth 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, and AGFA, among others.

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RationalStat has segmented the global X-Ray systems market based on modality, technology, mobility, end use and region
• Global X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Modality
o Radiography
o Fluoroscopy
o Mammography
• Global X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Technology
o Digital
o Computed
• Global X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Mobility
o Stationary
o Mobile
• Global X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by End Use
o Hospitals
o Diagnostic Imaging Centers
• Global X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
o North America X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa X-Ray Systems Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the X-Ray Systems Report:
• What will be the market value of the global X-Ray Systems market by 2030?
• What is the market size of the global X-Ray Systems market?
• What are the market drivers of the global X-Ray Systems market?
• What are the key trends in the global X-Ray Systems market?
• Which is the leading region in the global X-Ray Systems market?
• What are the major companies operating in the global X-Ray Systems market?
• What are the market shares by key segments in the global X-Ray Systems market?

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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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