Global Diagnostic X-Ray System Market Size Forecast 2024 - 2033
19 Dec, 2024
What Is The Definition Of The Global Diagnostic X-Ray System Market?
A diagnostic X-ray system is a type of medical imaging equipment used to produce images of the inside of the body for diagnostic purposes. These systems utilize X-rays, which are a form of electromagnetic radiation, to create detailed images of bones, organs, and tissues.
Diagnostic X-Ray System Global Market Report 2024 provides data on the global diagnostic x-ray system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Diagnostic X-Ray System market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Diagnostic X-Ray System Market Size Expected To Expand, And At What Annual Growth Rate?
The diagnostic X-ray system market size has grown strongly in recent years. It will grow from $12.64 billion in 2023 to $13.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to regulatory standards, the aging population, healthcare infrastructure development, increased disease burden, and demand for advanced diagnostic tools. The diagnostic X-ray system market size is expected to see strong growth in the next few years. It will grow to $19.76 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to the expansion of healthcare infrastructure, increasing demand for point-of-care diagnostics, focus on preventive healthcare, and growth in emerging markets. Major trends in the forecast period include portable and wireless systems, AI integration for enhanced diagnosis, adoption of low-dose radiation techniques, growth in point-of-care diagnostics, and telemedicine and remote imaging.
What Are The Key Drivers Fueling Growth In The Diagnostic X-Ray System Market?
The rise in surgical procedures is expected to propel the growth of the diagnostic X-ray system market going forward. The rise in surgical procedures can be attributed to advancements in medical technology, increased access to healthcare services, aging populations, and the growing prevalence of chronic diseases requiring surgical intervention for diagnosis and treatment. Diagnostic X-ray systems are utilized in surgical procedures for pre-operative planning, intra-operative guidance, and postoperative assessment, providing real-time imaging of anatomical structures to aid surgeons in accurate localization and precise intervention. For instance, in April 2022, according to data from 294 participating plastic surgery practices across the U.S collected by the Aesthetic Society, the surgical procedures saw a 54% increase, with an average of 320 surgical procedures performed by plastic surgeons in 2021. The cost of a typical surgical procedure also rose by 6% on average in 2021. Therefore, the rise in surgical procedures is driving the growth of the diagnostic X-ray system market.
Get Your Free Sample of the Global Diagnostic X-Ray System Market ReportWhat Are The Principal Market Segments In The Global Diagnostic X-Ray System Industry?
The diagnostic X-ray system market covered in this report is segmented –
1) By Product: Medical X-ray Devices, X-Ray Diffraction (XRD), Security X-Ray Devices, X-Ray Fluorescence (XRF), SAXS Or WAXS
2) By Application: Medical, Research And Development, Security
3) By End User: Hospital, Diagnostic Imaging Centers, Airports, Malls, Railway And Metro Stations, Government Facilities And Homeland Security
Which Emerging Market Trends Are Altering The Diagnostic X-Ray System Sector?
Major firms in the diagnostic X-ray system market are developing advanced X-ray systems incorporating artificial intelligence to improve diagnostic capabilities, streamline workflows, and optimize patient care. AI technology in X-ray systems uses machine learning and computer vision to analyze images for medical purposes. For instance, in December 2023, DeepTek.ai, an India-based medical imaging AI startup, launched Augmento X-Ray. This FDA-cleared solution aims to reduce radiologist workload by 30–50%, improve workflow efficiency, and offer detailed analysis for various conditions, including lung, pleura, and cardiac issues.
What Is The Leading Region In The Diagnostic X-Ray System Market?
North America was the largest region in the diagnostic X-ray system market in 2023. The regions covered in the diagnostic X-ray system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.