Global Radiography Systems Market Analysis Report 2022: A $40 Billion Industry by 2028 - Size, Segments, Outlook, and Revenue Forecasts - ResearchAndMarkets.com

The "Global Radiography Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Application, End User and Regions" report has been added to ResearchAndMarkets.com's offering.

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Tuesday, January 17, 2023
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Health, Medical Devices, Technology, Health Technology, Other Technology, Other Health, Hardware, Product type, Joint, Cardiovascular disease, Swelling, Hospital, HRCT, Infection, Hospital Insurance and Diagnostic Services Act, COVID-19, Shimadzu, GE Healthcare, Agfa-Gevaert, Conditional sentence, Pregnancy, CT, Esaote, Osteoarthritis, Diagnosis, Patient, Prevalence, Diabetes, CT scan, Cancer, Canon Medical Systems Corporation, MRI, Spinal cord injury, Mammography, Carestream Health, General Electric Company, Network tomography, Pharmaceutical industry, Medical imaging, Unilab, Fujifilm
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Summary
Key Points: 
  • The "Global Radiography Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Application, End User and Regions" report has been added to ResearchAndMarkets.com's offering.
  • According to this analysis, the Global Radiography Systems Market was valued at ~US$ 25 billion in 2017, it is estimated to be ~US$ 30 billion in 2022 and is expected to grow at a ~5% CAGR during 2022 to 2028, with market size of ~US$ 40 billion in 2028.
  • Increasing use of AI-enabled diagnostic equipment for rapid diagnosis and predictive analysis, notably in developed countries is one of the major contributing factors to the rising demand for radiography systems.
  • The ongoing COVID-19 pandemic has adversely affected the global radiography systems market in 2020, primarily due to a decline in patient visits to hospitals and clinics.


The "Global Radiography Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Application, End User and Regions" report has been added to ResearchAndMarkets.com's offering.

According to this analysis, the Global Radiography Systems Market was valued at ~US$ 25 billion in 2017, it is estimated to be ~US$ 30 billion in 2022 and is expected to grow at a ~5% CAGR during 2022 to 2028, with market size of ~US$ 40 billion in 2028.

The rise in the prevalence of chronic diseases such as cancer, diabetes, cardiovascular disease, neurology disorders, and others, combined with advancements in healthcare systems, has resulted in an increased emphasis on early detection.

Increasing use of AI-enabled diagnostic equipment for rapid diagnosis and predictive analysis, notably in developed countries is one of the major contributing factors to the rising demand for radiography systems.

The increasing prevalence of osteoarthritis worldwide, combined with the growing need to diagnose, monitor, and treat health conditions, such as pregnancy, swelling or infection in internal organs, spinal injuries, dental issues, and tendon/ligament tears, is likely to drive market growth in the forthcoming years.

High prices for medical imaging tests and limited access to critical infrastructure, particularly in developing countries, are expected to stifle market growth.

The ongoing COVID-19 pandemic has adversely affected the global radiography systems market in 2020, primarily due to a decline in patient visits to hospitals and clinics. However, Computed Tomography (CT) scanners witnessed a higher demand in 2020, owing to the need for High-Resolution CT (HRCT) scans for the diagnosis of COVID-19 patients through chest scans.

Competitive Landscape

The Global Radiography Systems market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche diagnostic imaging techniques, such as AI-enabled x-ray interpretation, digital mobile radiography, automatic image stitching, dual-energy imaging, and others, for end-users. The radiology market's growth is heavily reliant on detection technologies and advancements in testing equipment and instruments.

Country-Niche players control about ~40% of the market, while regional players hold a share of ~35%. Some of the major players in the market include General Electric Company, Hitachi Medical Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., Samsung Medison Co. Ltd, Fujifilm Holdings Corporation, Hologic, Inc., Shimadzu Corporation, Canon Medical Systems Corporation, Agfa-Gevaert Group, Carestream Health, Esaote and among others.

Recent Developments Related to Major Players and Organizations

In July 2022, Fujifilm, a Japanese photography company, launched a hybrid c-arm and portable x-ray solution in Europe, with the intention of providing high-quality fluoroscopic and static x-ray images during surgery and other medical procedures

In April 2022, Unilabs, a European company that provides diagnostic services, collaborated with GE Healthcare, a U.S.-based company that offers medical technology and digital solutions, to provide advanced radiography systems and imaging services, including MRI and CT scanning technology, ultrasound devices, mammography, and X-ray machines, and innovative imaging fleet services in Portugal

Conclusion

The global Radiography systems market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the expansion of radiography systems is a rise in the prevalence of chronic diseases such as cancer, diabetes, cardiovascular disease, neurology disorders, and others, combined with advancements in healthcare systems.

Though the market is highly competitive with ~100 participants, few global players control the dominant share and regional players also hold a significant share.

Key Topics Covered in the Report

  • Snapshot of the Global Radiography Systems Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Radiography Systems Market
  • Historic Growth of the Overall Global Radiography Systems Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter's 5 Forces Analysis of the Global Radiography Systems Industry
  • Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global Radiography Systems Market
  • Future Market Forecast and Growth Rates of the Total Global Radiography Systems Market and by Segments
  • Market Size of Product Type, Application, and End User Segments with Historical CAGR and Future Forecasts
  • Analysis of the Global Radiography Systems Market
  • Major Production/Supply and Consumption/Demand Hubs within Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Key Players

  • General Electric Company
  • Hitachi Medical Corporation
  • Siemens Healthcare GmbH
  • Koninklijke Philips N.V.
  • Samsung Medison Co. Ltd
  • Fujifilm Holdings Corporation
  • Hologic, Inc.
  • Shimadzu Corporation
  • Canon Medical Systems Corporation
  • Agfa-Gevaert Group
  • Carestream Health
  • Esaote
  • Axis-Shield Diagnostics Ltd.
  • CMR Naviscan
  • Analogic Corporation
  • Cerner Corporation
  • Mindray
  • Oracle Cerner
  • F. Hoffmann-La Roche Ltd.
  • Medtronic PLC

Scope of the Report

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022-2028F

By Type:

  • X-Ray Devices
  • Ultrasound Systems
  • Computed Tomography (CT) Scanners
  • Magnetic Resonance Imaging (MRI) Equipment
  • Nuclear Imaging Equipment

By Application:

  • Cardiology
  • Neurology
  • Orthopedics
  • Gynecology
  • Oncology

By End User:

  • Hospitals and Clinics
  • Specialty Clinics
  • Diagnostic Imaging Centers

For more information about this report visit https://www.researchandmarkets.com/r/ht970z

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