Medical X-ray Market – By Type, By Technology, By Portability, By Application, By End Use – Global Forecast 2024 – 2032

Medical X-ray Market Size

The global medical X-ray market was estimated at USD 13.2 billion in 2023. The market is expected to grow from USD 13.7 billion in 2024 to USD 20.1 billion in 2032, at a CAGR of 4.9% during the forecast period. Medical X-ray are the diagnostic device that utilizes X-ray radiation in order 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.
 

The growth of the global medical X-ray 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 reduction in the 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 Market Trends

• With the global population growing and aging, the necessity of performing various diagnostic imaging to diagnosis age related conditions, especially the musculoskeletal condition among elderly population is on rise.
   
• For instance, the World Health Organization (WHO) projected that by 2030 the population of individuals belonging to the age group 60 will reach 1.4 billion from 1 billion in 2020, further the population of this age group will reach 2.1 billion by 2050. Moreover, by 2050 two third of this population will be part of middle- and low-income countries.
   
• Thus, this rising aging population stimulates the need for the advanced medical X-ray devices in order to diagnosis the age-related condition, thereby promoting the market growth.
   
• Moreover, reimbursement of the medical scans including medical X-ray playing a crucial role in accelerating the growth of the market. By making X-ray a cost affordable option among the individuals through the reimbursement framework the rate of patient seeking medical imaging will increase.
   
• When the insurance companies, private payers, and government health programs cover the cost of the medical X-ray services, the utilization rate of medical X-ray services is anticipated to increase, contributing to the market growth.
   

Medical X-ray Market Analysis

Based on type, the market is bifurcated into digital and analog. The global market was estimated at USD 13.2 billion in 2023. The digital segment held revenues of USD 10.5 billion in the year 2023 and the segment is poised for significant growth at a CAGR of 5% during the forecast period.
 

• The growth of the segment is highly attributed due to the technological advancement in the digital X-ray systems.
   
• For instance, digital X-ray system, such as Siemens Healthineers AG's YSIO X. pree, offer a superior imaging with better contrast and high resolution, which are the important parameters for the accurate diagnosis. The turnaround time of this device is significantly less, captures and processes the images quickly which is ultimately reducing the patient’s waiting time.
   
• Moreover, this system features with AI supported imaging solutions, which is tested and evaluated in multicenter studies, which ensures consistent results and reduce the strain on physicians.
   
• Therefore, such advanced features of the system, stimulates the adoption of these devices among healthcare professionals, fostering the segmental growth.
   
• Moreover, as per the study published in the Journal of Digital Imaging, the digital X-ray system can reduced the examination time of patient by 50% as compared to the conventional X-ray system, significantly improving the patient  throughput, contributing to the segmental growth.
   

Based on technology the medical X-ray market is segmented into digital radiography, computed radiography, and film-based radiography. The digital radiography segment dominated the market with the largest revenue of USD 6.2 billion in 2023 and with a revenue share of 46.9%.
 

• The growth of the segment is owing to the various factors such as the ability of the digital radiography to integrate with the modern IT infrastructure, stimulating better data accessibility and management.
   
• These systems significantly reduce the operational cost that is usually associated with the conventional film-based X-rays systems, such as the cost associated with film and chemical processing, highlighting digital radiographies economic advantage over the conventional film-based X-ray systems.
   
• Moreover, the rising technological advancement, such as development of portable digital radiography system and wireless digital radiography, contributing to the segments growth, by offering the flexibility and convenience.
   
• Notable example for such innovation is the Shimadzu’s MobileDaRt Evolution MX8 Version k type with wireless FPD. This system is equipped with Dynamic Digital Radiology (DDR) that captures series of static images at high speed which can be viewed as a moving image. This type of device is designed for the condition where the patient mobility is less and cannot be transported to the X-ray room.
   

Based on portability, the medical X-ray market is bifurcated into fixed systems and portable systems. The fixed systems segment dominated the market with the largest revenue share of 62.4% in 2023 and is expected to grow at a significant CAGR over the forecast period.
 

• These systems have undergone significant technological advancement such as digital radiography and advanced imaging software which has positively influenced the imaging efficiency, quality, and diagnostic capabilities of the system.
   
• For instance, GE HealthCare's Definium 646 HD is a fixed X-ray system, features with advanced image processing powered by Helix 2.0. exemplifies this advancement.
   
• Moreover, the dominance of the segment is highly attributed due to the widespread adoption of these devices in hospitals, specialty clinics, and diagnostic laboratories.
   
• Since these healthcare setting experience high in flow of patients stimulates the need of the advanced diagnostic imaging, making high performance fixed X-ray system as an ideal choice for imaging. Thus, collectively all these factors contributing to the segmental growth of the market.
   

Based on application, the medical X-ray market is segmented into dental, veterinary, mammography, chest, cardiovascular, orthopedics, and other applications. The dental segment held the revenue of USD 1.3 billion in 2023. The dental segment is further sub-segmented into intraoral imaging and extraoral imaging. Additionally, the veterinary segment is further sub-segmented into oncology, orthopedics, cardiology, neurology, and other veterinary applications.
 

• The growth of the segment is highly attributed due to the growing prevalence of dental conditions, significantly accelerating the demand of the advanced dental X-ray system.
   
• For instance, the World Health Organization (WHO) states that around 3.5 billion people across the globe suffer from oral ailments, among which tooth decay is one of the most prevalent dental conditions. Additionally, around 2 billion individuals across the globe suffer from caries associated with the permanent teeth, and nearly 514 million children suffer from caries associated with primary teeth.
   
• Therefore, as the prevalence of these dental conditions increases, so does the need for diagnostic tools such as dental X-rays, which plays a crucial role in early detection and diagnosis of these diseases, thereby fostering the growth of the segment.
   
• Moreover, the expansion of the dental clinics across the globe, particularly in the emerging countries, where new dental facilities being established and equipped with advanced medical devices, including the imaging systems, further fuelling the demand of advance medical X-ray systems in these dental clinics, accelerating the market growth.
   

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 with the largest revenue of USD 6.1 billion in 2023 and is expected to grow at a significant CAGR over the forecast period.
 

• The increasing number of hospitals both in the developing and developed countries, stimulated by the factors such as growing population, increasing prevalences of chronic diseases, and advancement in the medical imaging technology, all together propelling the demand for advanced medical X- ray system in the newly established hospital and as well in the existing hospital setting.
   
• Moreover, the rising healthcare infrastructure especially in the developing regions such Middle East and Africa and Asia Pacific is boosting the adoption of advanced technology pertaining to medical X-ray in the hospital settings.
   
• For instance, the UK's Department of Health and Social Care spending around EURO 15 million from its Official Development Assistance (ODA) budget in order to expand the healthcare infrastructure in the countries such as Kenya, Ghana, and Nigeria, this investment is spanning from the year 2022-25, with a major aim to expand the healthcare infrastructure and medical workforce in these African countries.  
   
• Therefore, such investment in healthcare infrastructure is anticipated to propel the adoption of advanced medical X-rays in the hospitals.
   

The North America medical X-ray market is forecasted to reach USD 7.2 billion by 2032. U.S. dominated the North America market with the largest revenue of USD 4.3 billion in 2023.
 

• This growth is largely attributed due to the rising number of accidents in the country.
   
• For instance, as per the 2022 data from Forbes, there were around 42,514 fatal car accidents in the U.S. and around 1,664,598 car crashes resulted in injuries.
   
• Thus, the growing accidents in the country, underscoring the need for advance medical diagnostic imaging including the medical X-ray devices for the accurate and proper diagnosis of injuries, thereby propelling the growth of the market in the country.
   

Europe: The market in UK is expected to experience significant and promising growth from 2024 to 2032.
 

• The rising prevalence of chronic diseases and the number of individuals undergoing medical imaging in the region is positively influencing the growth of the market.
   
• For instance, as per the data from the NHS England, in 2022 around 44 million imaging tests were performed in England which was 26% higher than the pervious year. Among these imaging tests X-ray was the most common medical imaging test performed equating to 21.8 million X-ray imaging procedures.  
   
• Thus, as the number of X-ray procedures in the country increase, so does the need for advance medical X-ray systems such as digital radiology in order to reduce the turnaround time of examination, while maintain the accuracy and quality of the image, thereby fueling the market growth in the region.
   

Asia Pacific: Japan medical X-ray market is anticipated to witness lucrative growth between 2024 – 2032.
 

• The country as one of speediest aging population which necessities frequent health monitoring.
   
• For instance, as per the estimates in 2024, around 36.25 million people of age group 65 and above were residing in the country, which is equivalent to one third of the total population of Japan.
   
• The individuals of these age group are at high risk of developing the chronic health condition such as musculoskeletal disorder, cardiovascular diseases, cancer, among others, which in turn necessities the need for advanced diagnostic imaging devices such as medical X-ray to provide a detailed imaging of organs, bones and tissue, propelling the market growth in the region.
   

Middle East and Africa: The market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
 

• The government of Saudi Arabia is significantly investing in the healthcare infrastructure, in order to incorporate advanced medical devices such imaging devices within the hospitals setting to provide utmost care to the individuals suffering from the chronic condition in the country.
   
• According to the Saudi Ministry of Health, in 2023, the government had allocated around USD 50.4 billion budget for healthcare infrastructure and social development.
   
• Such investment is anticipated to enhance the accessibility and quality of medical services, such as the medical imaging services among the individuals of the country, accelerating the market growth in the country.
   

Medical X-ray Market Share

The top 4 players of the market account for approximately 41% of the market share which includes companies such as Canon, Koninklijke Philips N.V., GE HealthCare Technologies, and Siemens Healthineers. A crucial aspect of market strategy involves the frequent introduction of innovations such as digital radiography, AI integrated imaging to enhance the image quality and accuracy, among others. Moreover, strategic partnerships with hospitals, healthcare providers, research institutes, and government agencies play a primary role in advancing the development of products and getting the necessary permits, 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:

• Agfa-Gevaert Group
• Allengers Medical Systems
• Canon
• Carestream Health
• Dentsply Sirona
• Fujifilm Holdings Corporation
• GE HealthCare Technologies
• Hologic
• Koninklijke Philips N.V.
• Konica Minolta
• Midmark
• Neusoft Medical Systems
• Perlong Medical Equipment
• Samsung Electronics
• Shimadzu
• Siemens Healthineers
• Trivitron Healthcare
   
• Canon has a strong global presence with 3 regional headquarters in Asia Pacific, EMEA and Americas, and local presences in more than 220 countries.
   
• Koninklijke Philips N.V. has a strong financial position; the company had reported a total revenue of USD 18,907.7 million for the financial year 2024.
   

Medical X-ray Industry News:

• In July 2024, GE HealthCare Technologies Inc. announced the acquisition of the clinical artificial intelligence (AI) software business of Intelligent Ultrasound Group PLC for a total consideration of approximately USD 51 million. The company planned to integrate these solutions into its ultrasound portfolio, thereby strengthening its capabilities with technology designed to improve workflows and enhance ease of use for the benefit of clinicians and patients.
   
• In June 2024, Carestream Health entered into a strategic partnership with Distribuidora Diagnostica Medica SAC (DMD), a prominent distributor of radiology solutions in Peru. As part of the agreement, DMD is set to become the exclusive distributor for Carestream in the region. This collaboration not only bolstered Carestream's foothold in the Peruvian market but also cemented its status as a pivotal entity in the country's medical imaging landscape.
   
• In April 2024, Shimadzu Medical Systems USA (SMS), a subsidiary of Japan's Shimadzu Corporation, has acquired California X-ray Imaging Services, Inc. (CIS) to bolster its North American healthcare operations. This strategic move aimed to drive expansion in Northern California and Nevada, aligning with the company's commitment to surpassing customer expectations.
   
• In February 2024, Canon Medical unveiled the Xavion, a state-of-the-art AI-driven remote-controlled digital R/F system. This introduction underscored Canon Medical’s commitment to innovation and bolstered their product lineup with leading-edge technology.
   

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 – 2032 for the following segments:

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Market, By Type

• Digital
• Analog

Market, By Technology

• Film-based radiography
• Computed radiography
• Digital radiography

Market, By Portability

• Fixed systems
• Portable systems

Market, By Application

• Dental
  • Intraoral imaging
  • Extraoral imaging
• Veterinary
  • Oncology
  • Orthopedics
  • Cardiology
  • Neurology
  • Other veterinary applications
• Mammography
• Chest
• Cardiovascular
• Orthopedics
• Other applications

Market, By End Use

• Hospitals
• Diagnostic centers
• Other end use

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific 
  • China
  • Japan
  • India
  • Vietnam
  • South Korea
  • Thailand
  • Oceania
  • Indonesia
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa 
  • Egypt
  • Saudi Arabia
  • UAE