X-ray Market - Size, Share, Trends and Forecast
till 2025
X-rays make up X-radiation, a form of electromagnetic radiation that has wide application in
medical imaging tools. They are used to view, monitor, and diagnose bone fractures, cancer,
abdominal pain, joint injuries, and infection. Some of the X-ray technologies include, X-ray
radiography, mammography, computed tomography (CT), and fluoroscopy. X-ray radiography is
used to detect bone fractures, injuries, foreign objects, and dental problems. Mammography
finds application in creating detailed images of the breast, whereas Computed Tomography (CT)
produces detailed images of the body. Moreover, CT can provide high quality images of bones,
internal organs, soft tissue and blood vessels with greater details as compared to conventional
technologies. Live X-ray images on monitors are offered by Fluoroscopy. However, stringent
U.S. FDA regulations and high manufacturing cost of X-ray system is expected to hinder growth
of the X-Rays market.
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Increase in prevalence of cancer and orthopedic disorders is expected to drive market growth
X-ray equipment is widely used in detection of breast cancer, dental issues, chest imaging, and
orthopedic disorder. According to American Cancer Society, as of 2017, around 252,710 new
cases of invasive breast cancer are estimated to be diagnosed among women in the U.S. In
2012, Musculoskeletal conditions such as back pain and arthritis affected over 1.7 billion people
in 2012, globally, according to a study on the global burden of the disease and its impact.
Growing patient pool and increasing demand for diagnosing diseases, in turn, are expected to
boost growth of the X-ray market. Furthermore, the aging population are highly susceptible to
chronic diseases, orthopedic disorders, and dental issues, considering their weak immune
system. According to the World Population Prospects report (2015) by the United Nations (UN),
the global population aged 60 years and above is projected to increase by 56% from 901
million in 2015 to 1.4 billion by 2050. Thus, considering the high prevalence of breast cancer
and orthopedic disorders, demand for X- ray systems is expected to increase, in turn, expected
to fuel growth of the X-ray market over the forecast period.