The global X-ray machine manufacturing market size accounted for USD 14.56 billion in 2021. It is projected to reach USD 23.73 billion by 2030, growing at a CAGR of 6.3% during the forecast period (2022–2030).
The ongoing digitization of X-ray systems and growing investments in healthcare and critical infrastructure safety in emerging regions have a major influence on the growth of the X-ray machine manufacturing market. Due to their ability to move quickly and the rising investment in these industries, X-rays are chosen in applications involving luggage inspection and romping in the transportation and logistics business.
Many industries, including security and healthcare, are witnessing an increased demand for X-ray devices. The government's increased demands for enhanced security infrastructure and compliance with security procedures are projected to benefit the sector. The medical X-ray sector is predicted to expand faster as people become more aware of early disease identification and treatment. The aging population throughout the world is increasingly susceptible to chronic illnesses and disorders, which might further propel the industry's growth.
An X-ray imaging technique referred to as an X-ray system, also known as digital radiography, uses digital X-ray sensors rather than conventional photographic films. The market is expanding as a result of the growing use of digital X-ray equipment throughout the globe. The expanding popularity is primarily due to various causes, including the rise in orthopedic disorders and malignancies, the frequency of major injuries, the benefits of digital X-ray systems over traditional X-rays, technical improvement, and product advances.
In the healthcare sector, when it is challenging to move patients to the radiology department, portable digital X-ray devices are an effective tool for patient diagnosis and monitoring. This demonstrates that these technologies may be used for little to no money spent on building. These reasons encourage the use of digital X-ray equipment, boosting the market's expansion.
Along with the growing use of digital X-ray equipment, government restrictions and expenditures to upgrade infrastructure is anticipated to spur demand and have a favorable influence on market expansion, particularly in the emerging nations of Asia-Pacific. Before producing any X-ray machines on a large scale for commercial use, the producer must also get the Type Approval Certificate from the relevant authorities for the prototype of each model. The need for sophisticated X-ray equipment is anticipated to be driven by this emphasis on quality preservation and the environmental factors that motivated the guidelines' adoption.
The digital variations have reduced additional operational and infrastructure expenses to the end-users compared to traditional, film-based X-ray inspection procedures. However, X-ray equipment is far too expensive and unsuitable for many applications compared to more affordable alternatives, such as ultrasonic and current approaches. For instance, numerous components are added to real-time radiography (RTR) systems, which typically consist of a phosphor screen or flat panel detector (FPD), including micro-electronic sensors, to address their main disadvantages, such as uneven lighting, low resolution, and noise.
| Study Period | 2018-2030 | CAGR | 6.3% |
| Historical Period | 2018-2020 | Forecast Period | 2022-2030 |
| Base Year | 2021 | Base Year Market Size | USD 14.56 Billion |
| Forecast Year | 2030 | Forecast Year Market Size | USD 23.73 Billion |
| Largest Market | North America | Fastest Growing Market | Asia-Pacific |
Region-wise, the global X-ray machine manufacturing market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
North America Exceeds the Rest of the World
North America holds the largest market share and is anticipated to grow at a CAGR of 5.68% during the forecast period. The growing need for imaging technologies in the regional medical and industrial sectors is expected to favor the X-ray machine market. Demand for x-ray equipment with digital imaging capability is increasing due to the growing requirement for medical diagnostic imaging. Due to customers' high disposable incomes and access to health insurance, the United States has the world's largest market for medical imaging. Due to sedentary lifestyles (little physical activity) and bad eating practices, the United States has seen a rise in the population of elderly people and an increase in the prevalence of chronic illnesses. Additionally, it is projected that expanding medical infrastructure expansions would fuel demand in the US market for medical X-ray equipment.
Europe holds the second-largest market share and is estimated to reach a market value of USD 5.79 billion by 2030, growing at a CAGR of 6.03%. The region's increasing need for imaging technologies in the medical industry is anticipated to benefit the X-ray machine market. The main reasons propelling sector expansion in the nation are the adoption of sedentary and unhealthy lifestyles, the rising prevalence of cardiovascular ailments, and the benefits of digital x-ray technology over conventional equipment. In the United Kingdom, heart and circulation disorders affect around twice as many individuals as cancer and Alzheimer's disease combined. This primarily results in an extensive utilization of chest x-rays, which facilitates market expansion.
Countries like China and India are the main factor driving the market expansion in Asia-Pacific. As chronic illness rates rise and demand for high-quality healthcare rises, China is predicted to expand rapidly. Additionally, the market will be significantly impacted by the expanding use of digital X-ray equipment, which has benefits including excellent image quality and faster processing. X-ray machines are growing in popularity in the Indian market. Demand for analog systems is anticipated as procurement rises in tier II and tier III cities while tier 1 cities switch to their digital counterparts.
The rising prevalence of cancer and other chronic diseases in Latin America is predicted to raise the demand for X-ray equipment. In addition, the elderly population has been growing in the Latin American region, which is expected to enhance demand for this equipment as geriatrics are more susceptible to illnesses. Due to the region's expanding middle-class population and solid healthcare infrastructure, the Middle East and Africa present considerable potential for medical equipment.
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The global X-ray machine manufacturing market is segmented by product type, technology, end-user, and region.
Product type-wise, the global X-ray machine manufacturing market is categorized into Stationary and Portable.
The Stationary segment dominates the market and is anticipated to grow at a CAGR of 5.72% during the forecast period. The initial investment for stationary X-rays is relatively costly. These are the traditional X-ray machines built to be mounted to the wall or ceiling, with the exposure controls hidden behind a guardrail to prevent operator exposure. For security purposes, they are typically used at airports, big public spaces, hospitals, clinics, and diagnostic facilities, with photos added to the patient's Electronic Health Record (EHR). Due to their size and the growing quantity of goods that need screening, stationary X-ray machines are also broadening their range of operations to meet the rising need for security inspections.
Owing to their low price and simplicity of use, Portable X-ray Devices (both handheld and mobile) have grown in popularity recently. The development of improved portable X-rays is facilitated by the emergence of wireless and low-power portable X-ray technologies, which is also a critical factor in the market's expansion. The market expansion is also fueled by the increasing use of portable devices in the healthcare sector.
Technology-wise, the global X-ray machine manufacturing market is categorized into Analog and Digital.
The Digital segment holds the most significant market share and is anticipated to grow at a CAGR of 6.52% during the forecast period. One of the key elements influencing the development of digital X-ray systems is the increased acceptance of IoT and automation. A digital sensor is used in place of traditional photographic film in digital X-ray equipment. These devices' key benefits are speed, improved picture visibility, and the ability to transfer images digitally. One of the key developments in the field of radiography is digital radiography (DR), which uses a digital x-ray detector to take pictures and send them automatically to a computer.
Healthcare institutions had to deal with a growing patient load as chronic and infectious diseases, including cancer, arthritis, cardiovascular disease, and bacterial and viral infections, spread worldwide. One of the main elements influencing Analog X-ray Equipment is low cost. Due to their low price, analog devices are primarily used in developing and underdeveloped areas.
End-user-wise, the global X-ray machine manufacturing market is categorized into Healthcare, Transportation & Logistics, Government, and Others.
The Healthcare segment dominates the market and is estimated to grow at a CAGR of 5.93% during the forecast period. The healthcare sector is seeing a significant increase in the number of imaging and diagnostic tests performed each year due to several factors, including a growing emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of effective X-ray devices through market consolidation and mergers. The use of X-ray equipment in applications will be further fueled by the growing elderly population and the rise in orthopedic and cardiovascular operations. An increasing number of people choose to undergo diagnostic imaging tests each year due to rising cancer, trauma, and sports injuries. The need for X-ray equipment is also bolstered by the rising incidence of lung disorders, which increases the need for reliable screening techniques to find chest anomalies.
The steady flow of resources and products through ports and border crossings creates security concerns. As a result, the market is anticipated to increase along with increasing trade activities in the Transport & Logistics sectors. Airports are among the most significant technology users, and throughout the projection period, the expanding worldwide aviation market, particularly in emerging nations, will increase demand for X-ray detectors. Increased efficiency and detection requirements are a result of the escalating security risks.
COVID-19 has positive and negative market consequences, as carbon emissions have decreased globally due to the lockout. COVID-19's reduction in emissions is a short-term benefit. Still, when industries and enterprises attempt to recoup some of their financial losses in the first quarter of the year, carbon emissions will rise dramatically. COVID-19 had a negative impact on global recycling efforts. Countries, notably the United States, have halted or decreased recycling programs to focus on collecting additional domestic waste or because services have been disrupted by the virus.
Also, with industries slowly returning to normalcy following the COVID-19 outbreak, this shift in workplace health and safety is expected to increase due to mandatory social distancing and continuous personal care through sanitization to eliminate even the tiniest possibility of COVID-19 spread. COVID-19 has impacted various companies' revenues, and if the lockdown is lifted, companies will turn their attention to operations to make up for their losses.
