X-ray Market is Expected to Grow at a Respectable CAGR of 5.5% Between 2019 and 2027

X-ray Market is Expected to Grow at a Respectable CAGR of 5.5% Between 2019 and 2027 | Say's TMR

iCrowd Newswire
23 Nov 2022, 09:02 GMT+10

According to the research report by the Transparency Market Research, the global X ray market is set to grow at a stellar rate of 5.5 % during the forecast period i.e. 2019 to 2027. The research authors at the Transparency Market Research also predict that the global X ray market will grow to hit the evaluation mark of US$ 17 billion at the end of the forecast period.

The global X ray market was valued at US$ 11 billion at the beginning of the forecast period i.e. in 2019. Integration and adoption of latest medical imaging technologies is expected to create lucrative new opportunities for the players in global X ray market in coming years.

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Rising Number of Patients Suffering from Chronic and Infectious Diseases Drives the Demand in X Ray Market

Rising number of patients suffering from various chronic as well as infectious diseases is driving the demand for efficient and portable products in the global X ray market. Types of products offered by the players operating within the global X ray market are portable as well as fixed or stationery products.

The portable segment in the global X ray market can be further classified into handheld as well as mobile products. Technologies used by the players in the global X ray market for their products include digital technologies as well as analog technologies. Application areas for the products in the global X ray market include respiratory, mammography, cardiovascular, and dental, among others.

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Rising Instances of Respiratory and Cardiovascular Diseases Fuel Demand in X Ray Market

Rising instances of respiratory as well as cardiovascular diseases as well as increasing global healthcare expenditure are also some of the key supplementary factors for the advancement of the global X ray market in coming years.

Most prominent end users for the products in the global X ray market include diagnostic centers, research centers, clinics and hospitals, and ambulatory surgical centers, among others. Based on the end users, the clinics and hospitals segment is expected to lead the global X ray market over the forecast period of 2019 to 2027. Major regions assessed in the professional survey report on the global X ray market include Europe, Latin America, North America, Asia Pacific, and Middle East and Africa.

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Players in X Ray Market Focused on R & D and Increasing Production Capacity

The research report thoroughly examines the competitive landscape of the global X ray market to give readers a comprehensive idea about the current industry positioning of the major and leading industry players. It highlights the incumbent industry vendors operational within the global X ray market and provides crucial facts about their financial performance, production capacity, revenue generation, and product offerings.

Some of the key manufacturers and product developers functional within the global X ray market include Agfa Gevaert Systems Corporation, Carestream Health, General Electric Healthcare, Koninklijke Philips N. V., Shimadzu Corporation, Varian Medical Systems, Canon Medical Systems Corporation, FUJIFILM Holdings Corporation, Konica Minolta Medical Imaging, PerkinElmer, Inc., and Siemens Healthcare.

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Players in the global X ray market are constantly investing in research and development activities to increase the availability of CT scanners that are more sustainable as well as more affordable. The COVID-19 pandemic also creating multitude of new opportunities for the players in global X ray market. Various players in the global X ray market were increasing their efficacy in the radiographic support solutions. For example, Dexcowin launched their suite of new radiographic support solutions for COVID-19 in March of 2020. Several manufacturers in the global X ray market are also focusing their resources to increase their production capabilities to meet the rising demand.

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Tags: X-ray Market Segmentation, X-ray Market Outlook, X-ray Market Demand, X-ray Market Trends, X-ray Market