Market Synopsis
Competitive Market Growth, Size, Share and Forecast to 2030 for Medical Radiography Market, By Component (Equipment (Digital Radiography (DR Detectors, Image Processing & Console, Others), Computed Radiography), Services (Training & Education, Project And Remote Management Services, Maintenance & Support Services, Others)); By Functionality (Portable/Mobile Radiography Systems, Stationery/Fixed Radiography Systems (Ceiling Mounted, Floor-Mounted)); By Application (Dental Examination, Verification Of Placement Of Surgical Markers, Mammography, Orthopedic Evaluations, Spot Film Or Static Recording During Fluoroscopy, Planning Of Radiation Therapy Treatment, Chiropractic Examinations, Others); By Facility Size (Small And Medium Size Facility, Large Size Facility); By Specialty Type (Pediatrics, Veterinary, Chiropractic, Otolaryngology, Orthopedic, Others); By End Users (Hospitals, Clinics, Diagnostic Imaging Centers, Mobile Medical Facilities, Urgent Care Centers, Others);
Market Snapshot
The Medical Radiography Market will reach USD 47.4 billion by 2030 at a CAGR of 4.90% , according to the Absolute Markets Insights Comprehensive Research Report titled Medical Radiography Market
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Report Description Medical Radiography Market.
Market Overview
Increasing demand for real-time imaging capabilities from high number of orthopaedic surgeries performed worldwide are propelling the global medical radiography market.
Medical imaging encompasses different techniques to image the human body for diagnostic and treatment purposes and therefore plays a vital role in initiatives to improve public health for all population groups. The use of diagnostic imaging technologies assists in confirming, correctly assessing and documenting courses of many diseases as well as in assessing responses to treatment. Radiography is one such medical imaging technique, crucial in a variety of medical setting, used to diagnose or treat patients by recording images of the internal structure of the body to assess the presence or absence of disease, foreign objects, and structural damage or anomaly. In this technique, X-ray beam is passed through the human body. A portion of these x-rays are either absorbed or scattered by the internal structure and the remaining x-ray beams are transmitted to a detector to generate an image for later evaluation. The recoding of the human body occurs on a film or in electronic medium. Radiography is used in many types of examinations and procedures such as dental examination, verification of correct placement of surgical markers prior to invasive procedures, mammography, orthopaedic evaluations, chiropractic examinations and others, where a record of a static image is desired. This technique has proven its efficacies in orthopaedic applications as the bones are more dense than body tissues, hence, absorb more radiations and generate clear images in real-time. The increasing number of orthopaedic surgeries in recent years has inflated the demand for radiography. For instance, a report published by Blue Cross Blue Shield Association in January 2019 highlighted that orthopaedic surgery spending witnessed a growth of 44% in past few years. Similarly, according to Agency for Healthcare Research and Quality, more than 790,000 knee replacements are performed each year in the U.S. In order to keep pace with these growing number of orthopaedic surgeries, hospitals and clinics are expanding their facilities. For instance, in September 2018 ST. Francis Hospital and Medical Center of Hartford announced an investment of US$ 26.2 million to expand their orthopaedic and pain ambulatory surgery center. Thus, the rise in number of orthopaedic surgeries are propelling the demand across global medical radiography market.
Medical Radiography Market determined using a range of factors, such as forward/backward integration, economies of scale, the proportion of various distribution channels, factors influencing consumer behavior, such as brand loyalty, price, and accessibility of the product, capital investments, the regulatory environment, production rights and patents, marketing strategies, and other client preferences. This information will probably be helpful to the industry’s stakeholders and will perhaps inspire them to take action.
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Medical Radiography Market Competitive Landscape:
The prominent companies in the Medical Radiography Market are:
ADANI,
Agfa-Gevaert Group,
Allengers,
Canon Medical Systems,
Carestream Health,
FUJIFILM Corporation,
GENERAL ELECTRIC COMPANY,
Hitachi Healthcare Americas,
Hologic, Inc.,
ITALRAY,
Konica Minolta, Inc.,
Koninklijke Philips N.V.,
Neusoft Corporation,
NP JSC Amico,
SAMSUNGHEALTHCARE.COM,
Shenzhen BASDA Medical Apparatus Co., Ltd.,
Shimadzu Corporation,
Siemens Healthcare Private Limited,
Skanray Technologies Pvt. Ltd
Impact of COVID-19:
This article offers observations on COVID-19 customer behavior, demand movements, purchasing trends, supply chain restructuring, market forces dynamics, and major government involvement. The new study provides further data, analysis, projections, and estimations regarding the effect of COVID-19 on the markets.
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Key Benefits of Global Medical Radiography Market Report:
- In-depth studies of the past and future are part of the research on worldwide Medical Radiography Market trends.
- The Global Medical Radiography Market Growth Research Report provides in-depth information on the Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and National levels.
- Finding business opportunities is aided by study on worldwide Medical Radiography Market trends.
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Medical Radiography Market Regional Insights
North America region registered the highest share in global medical radiography market in 2018. However, Asia Pacific region is anticipated to witness highest growth rate over the forecast period. The developing healthcare infrastructure has led to an increase in the number of hospitals and speciality care centers to cater the growing sick population and high number of medical tourists, which has encouraged market participants to actively invest in this region. For instance, in February 2017, FUJIFILM India Private Limited partnered with KRSNAA Diagnostics Pvt. Ltd to install around 1000 computed radiography machines pan India. Thus, the flourishing healthcare infrastructure coupled with expanding strategies of market players is anticipated to drive the growth of Asia Pacific region in global medical radiography market.
In terms of revenue, global medical radiography market was valued at US$ 1692.07 Mn in 2018 and is anticipated to grow at a CAGR of 10.9% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The research offers a full analysis of various aspects, including the Medical Radiography Market expansion, in key geographic areas. The key regions covered by the research are North America, Europe, Asia-Pacific, and Latin America.
Why the Medical Radiography Market Report is Beneficial?
- A thorough and cutting-edge research methodology was used to compile the Medical Radiography Marketstudy.
- The report offers a complete assessment of the market competition for the Medical Radiography Market and “contains a significant quantity of data on the most recent product and technological advances in the Medical Radiography Market
- The extensive range of analyses pertaining to how these improvements will impact the further expansion of Medical Radiography Market
- In-depth historical facts and analysis are included in the Medical Radiography Market study’s research report.
- The insights in the Medical Radiography Market report are understandable and contain graphical displays of the data in the form of bar graphs, statistics, pie charts, etc.
- The client’s requests can be accommodated by changing this report. Contact our sales team as soon as possible so they can confirm
Medical Radiography Market Segmentation:
Depending on the product type and use, different groups have been created within the Medical Radiography Market market. Each market segment’s share and growth rate are evaluated. The specialists have also looked into potential regions that could be profitable for the manufacturers in the next years. The geography study offers precise volume and value predictions, helping market participants comprehend the entire industry in depth.
Global Medical Radiography Market:
By Component
- Equipment
- Digital Radiography
- DR Detectors
- Image Processing & Console
- Others
- Computed Radiography
- Services
- Training & Education
- Project and Remote Management Services
- Maintenance & Support Services
- Others
By Functionality
- Portable/Mobile Radiography Systems
- Stationery/Fixed Radiography Systems
- Ceiling Mounted
- Floor-Mounted
By Application
- Dental Examination
- Verification of Placement of Surgical Markers
- Mammography
- Orthopedic Evaluations
- Spot Film or Static Recording during Fluoroscopy
- Planning of Radiation Therapy Treatment
- Chiropractic Examinations
- Others
By Facility Size
- Small and Medium Size Facility
- Large Size Facility
By Specialty Type
- Pediatrics
- Veterinary
- Chiropractic
- Otolaryngology
- Orthopedic
- Others
By End Users
- Hospitals
- Clinics
- Diagnostic Imaging Centers
- Mobile Medical Facilities
- Urgent Care Centers
- Others
Global Medical Radiography Market by RegionMedical Radiography Market
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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