Global X-ray Machine Manufacturing Market 2023-2030

Global X-ray Machine Manufacturing Market 2023-2030

Global X-ray Machine Manufacturing Market Size, Share & Trends Analysis Report by Product Type (Stationery, and Portable), by Technology (Analog, and Digital), and by End-User (Healthcare, Transportation and logistics, Governments, and Others), Forecast Period (2023-2030)

The global x-ray machine manufacturing market is anticipated to grow at a CAGR of 2.3% during the forecast period (2023-2030). The market’s growth is attributed to growing demand for point-of-care imaging. Rapid diagnostic point-of-care imaging systems are in higher demand. By implementing imaging capabilities right next to the patient, mobile X-Ray devices satisfy the requirements. Accordingly market players are coming up with new products to cater the demand for mobile x-ray systems. For instance, in May 2023, Carestream introduced the DRX-Rise Mobile X-ray System. Customers can upgrade or enhance the existing DR fleet without making a major financial investment owing to the feature-rich, fully integrated digital X-ray machine.

Segmental Outlook

The global programmatic advertising market is segmented on the type, form, and application. Based on the type, the market is sub-segmented into natural colors, natural flavors, starch & sweeteners, natural preservatives, and others. Based on the technology, the market is sub-segmented into analog, and digital. Further, on the basis of end-user, the market is sub-segmented into healthcare, transportation and logistics, governments, and others. Among the technology, the analog sub-segment is anticipated to hold a considerable share of the market owing to the increasing utilization of digital X-ray technology.

The Healthcare Sub-Segment is Anticipated to Hold a Considerable Share of the Global X-ray Machine Manufacturing Market

Among the end-user, the healthcare sub-segment is expected to hold a considerable share of the global x-ray machine manufacturing market. The segmental growth is attributed to the growing demand for advancements in healthcare technology such as HD x-ray systems, AutoRad software, and automatic Sworkflow control. Accordingly market players are coming up with new products to cater the demand for HD x-ray system. For instance, in August 2022, GE Healthcare launched its Definium 656 HD X-ray system, the technology of the next generation. Definium 656 HD is driven by GE's FlashPad HD high-resolution detectors and the most recent Helix 2.2 powerful image processing software. Its features include five-axis motorization and auto-positioning to speed up the positioning process and automated in-room workflows with a 12′′ touchscreen on the tube head console and AutoRad software for manual or automatic workflow control. Providing more reliable results, the Intelligent Workflow Suite employs 3D camera technology.

Regional Outlook

The global x-ray machine manufacturing market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the region's strong foundation of healthcare facilities, strict regulation and implementation of standards imposed by numerous groups, and growing research activity.

Global X-ray Machine Manufacturing Market Growth by Region 2023-2030

Source: OMR Analysis

European Region is Expected to Grow at a Significant CAGR in the Global X-ray Machine Manufacturing Market

Among all regions, the European regions is anticipated to grow at a considerable CAGR over the forecast period. In European region, the key players are engaged in offering portable x-ray machine including Carestream Health, Inc., GE HealthCare Technologies Inc. FUJIFILM Corp. and others. The continuous product launch by key players propels the market growth. For instance, in July 2022, FUJIFILM Corp. Europe launched hybrid C-arm and portable x-ray device. The FDR Cross-device is designed to provide high quality static and fluoroscopic x-ray images during surgery and other medical operations. The FDR Cross-platform, driven by three-size FDR D-Evo III digital flat panel detectors from Fujifilm, offers advanced fluoroscopic and radiographic imaging. The panels can be changed around and chosen to satisfy the shifting imaging needs of a dynamic facility.

Furthermore, in March 2022, CANON MEDICAL SYSTEMS CORP. acquired NRT X-RAY A/S to expand and strengthen its x-ray business across Europe.

Market Players Outlook

The major companies serving the programmatic advertising market includes Carestream Health, Inc., GE HealthCare Technologies Inc., Hitachi High-Tech Analytical Science Ltd., KLA Corp., NeuroLogica Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2023 Scanna-MSC launched its latest x-ray product family for the industrial Non-Destructive testing (NDT) market. For NDT applications, Scanna developed a wide selection of portable, ruggedized digital radiography (DR) equipment.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global x-ray machine manufacturing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.