PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627742
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627742
The X-Ray Devices market is expected to grow at a CAGR of 5.65%, reaching a market size of US$19.192 billion in 2030 from US$14.580 billion in 2025.
An X-ray device is used to generate 2D X-ray images of 3D interior organs or bones. The rising prevalence of chronic diseases is driving market expansion throughout the predicted period. The increasing trend of early diagnosis and disease detection creates additional opportunities for market growth during the forecast period. The X-ray system sends small amounts of X-rays into the human body and records an image of the area of interest on a gadget.
The increasing number of non-fatal vehicle accidents is driving up demand, as X-rays provide an instant snapshot of the injury. Furthermore, technological advancements have divided the X-ray equipment market into portable and fixed systems, propelling the market growth. The expanding digitization has segmented the market based on analogous and digital technologies, boosting the market share of digital X-ray systems, which are seeing a rapid rise in usage due to ongoing advances in offering better healthcare facilities on a global scale.
The expanding worldwide geriatric population will drive market expansion during the forecast period, as will the advent and prevalence of age-related disorders such as osteoporosis and the identification of bone degradation caused by aging. As per the World Bank, the global geriatric population (65 years and older) increased from 673,618,927 in 2018 to approximately 1.1 billion in 2023.
The rising older population needs better healthcare facilities that include preventative measures, as many people in this category suffer from age-related chronic diseases or diseases as a result of adopting a bad lifestyle when younger. Hence, this population requires better healthcare facilities with improved diagnostic and treatment procedures to prevent the spread of age-related or degenerative diseases.
Furthermore, with lowering fertility rates and rising life expectancy at birth, global aging is expected to accelerate due to improved overall survival, resulting in longevity and further burgeoning market growth during the projection period.
By geography, the X-Ray Devices market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. North America region is projected to have a significant market share. This dominance is based on various factors, such as a higher prevalence of chronic diseases and a growing aging population that substantially increases the region's demand for diagnostic imaging services. The growth is supported by favorable reimbursements, and government activities to enhance healthcare access and quality are positively driving the adoption of advanced X-ray technologies in the region.
North America is also known to have many leading manufacturers and innovators in the medical imaging sector, which is why there is continuous development in X-ray technology. These innovations include digital X-ray systems that offer improved image quality, reduced radiation exposure, and enhanced patient safety. North America has been the largest market in the X-ray devices segment, with strong growth prospects given the increasing adaptation of advanced systems by healthcare providers to meet the demands of their patients and enhance diagnostic capabilities. The robust healthcare infrastructure, coupled with the commitment to advancement, is primarily why North America holds a huge market share for X-ray devices.
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