According to a new report published by UnivDatos Markets Insights the X-ray systems Market is expected to grow at a CAGR of around 3% from 2021-2027. The analysis has been segmented into Mobility (Portable and Stationary); Product Type (Rotating Anode Source, Fix Anode Source); Technology (Analog, Computed Radiography, Digital Radiography); Application (Cardiovascular, Respiratory, Mammography, Cancer, Orthopedics, and Others); End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, and Others); Region/Country.
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The x-ray systems market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the x-ray systems market. The x-ray systems market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the x-ray systems market at the global and regional levels.
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Market Overview
The global x-ray systems market is uplifting on account of the growing number of chronic diseases globally. According to the World Health Organization (WHO), chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. Moreover, improvement in the quality of image output is expected to enhance diagnostic accuracy in the early stages of various diseases. Thus, this can help with the faster diagnosis and treatment of a variety of life-threatening disorders, including cancer, COPD, and a number of cardiovascular conditions.
X-ray systems are usually painless, non-invasive, and help in diagnosing problems such as tumors, broken bones, and dental decay. It is also used in detecting the presence of foreign bodies. X-rays are also utilized in the treatment of cancer as radiation therapy is used to obliterate cancerous tumors and cells by damaging the DNA.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry. The first imaging procedure that played an important role in the treatment of COVID-19 was chest radiography since it plays a major role in the diagnosis of COVID-19. For instance, the Indian government introduced X-Ray Setu in June 2021, a free Artificial Intelligence (AI)-based tool to assist clinicians in early Covid treatments.
The global x-ray systems market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on product type, the market is categorized into rotating anode source and fix anode source. Among these, the rotating anode source is expected to witness a significant CAGR during the forecast period. This is mainly due to the rotating anode systems that can shoot longer and at a higher dose perform longer scans like run-offs or cross laterals, or scans requiring a higher dose for larger patients.
· Based on end-user, the market is categorized into hospitals, diagnostic centers, ambulatory surgical centers, and others. Among these, hospitals are expected to witness a significant CAGR during the forecast period. This is mainly due to the increase in the number of patients visiting hospitals with various chronic disorders and injuries for medical imaging. As medical imaging can be a primary source of outpatient profits, hospitals deploy medical imaging equipment within the premises.
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X-ray systems Market Geographical Segmentation Includes:
· North America (the United States, Canada, and Rest of North America)
· Europe (Germany, the United Kingdom, Italy, France, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
· Rest of the World
For a better understanding of the market adoption of x-ray systems, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America accounted for a prominent share of the global x-ray systems market and is expected to grow at a significant growth rate during the forecast period owing to the quick adoption of x-ray systems technologies along with the increasing prevalence of chronic, orthopedics, cancer, and spinal injuries disorders.
The major players targeting the market include
· Agfa-Gevaert N.V.
· Bracco Imaging S.p.A.
· Fujifilm Holdings Corporation
· GE Healthcare
· Hitachi Ltd.
· Koninklijke Philips N.V.
· Shimadzu Corporation
· Canon Medical Systems Corporation
· Siemens Healthineers AG
· Carestream Health Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the x-ray systems market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the x-ray systems market?
• Which factors are influencing the x-ray systems market over the forecast period?
• What are the global challenges, threats, and risks in the x-ray systems market?
• Which factors are propelling and restraining the x-ray systems market?
• What are the demanding global regions of the x-ray systems market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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