X-ray equipment market to grow by USD 14.97B

The x-ray equipment market is expected to grow by USD 3.88 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 6.2% during the forecast period, according to Technavio Research.

The market has been segmented by technology (digital and analog), end-user (hospitals and diagnostic imaging centers), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The growing demand for non-invasive diagnostic devices is a key factor driving market growth. This rise compels advanced technologies like digital radiography equipment, Computed tomography (CT) scanners, and fluoroscopy equipment. The demand for portable x-ray machines and mobile x-ray units rises, aligning with medical imaging devices. With innovative x-ray detectors and interventional radiology equipment in focus, mammography machines also contribute significantly. This driver highlights the market’s response to the imperative healthcare need.

Regional analysis
North America is estimated to contribute 38% to the growth of the global market during the forecast period. The US significantly influences the regional market, driven by escalating healthcare capital expenditure, a surge in chronic diseases like cancer and diabetes, and an increasing demand for digital x-ray equipment.

Market overview
The x-ray equipment market continues to thrive with rapid product development fueled by significant investments and fundings, particularly in digital radiology solutions and AI integration. Government initiatives like x-ray Setu further bolster advancements, enhancing diagnostic accuracy and patient care. Artificial intelligence revolutionizes the landscape, streamlining processes and improving diagnostic outcomes. This synergy between technology and healthcare is driving the market forward, with AI-powered solutions becoming integral components of modern radiology practices. As demand surges, innovations in x-ray systems cater to diverse needs, ensuring efficient and precise diagnostics across various medical settings. With relentless innovation and strategic partnerships, the x-ray equipment market is poised for sustained growth and transformative impact on healthcare delivery. Technavio