Surging Incidence of Chronic Diseases Fueling X-Ray Imaging Market Boom

The global x-ray imaging market revenue stood at $8,897.3 million in 2015, and it is predicted to grow to $12.4 billion by 2022.
 
ALISO VIEJO, Calif. - Dec. 6, 2021 - PRLog -- As per the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 4.9% from 2016 to 2022 (forecast period). The surging population of geriatric people, growing incidence of chronic diseases, and burgeoning requirement for diagnostic imaging procedures are the major market growth drivers.

Additionally, the rapid technological advancements being made in X-ray imaging are also driving the market expansion across the globe. These advancements have resulted in product innovations and the development of advanced systems such as mobile and digital X-ray systems. Moreover, these advancements have fueled the development of affordable digital X-ray imaging systems. Diagnostic images can now be stored and interpreted in the form of digital signals. Furthermore, large area detection, energy resolution, and low dose imaging are transforming X-ray detection technologies.

Browse detailed report - X-Ray Imaging Market Revenue Estimation and Growth Forecast

Depending on portability, the market is divided into portable and stationary X-ray imaging categories. Between these, the stationary X-ray imaging category dominated the market during the last few years. Whereas, the portable X-ray imaging category is predicted to demonstrate faster growth in the market in the forthcoming years. The market is also classified, on the basis of technology, into analog and digital. Of these, the digital category led the market during the last few years, and it is predicted to register faster growth in the coming years.

Globally, North America held the largest share in the X-ray imaging market in the years gone by, mainly because of the surging healthcare expenditure, mushrooming geriatric population, high incidence of chronic diseases, and the presence of a well-established healthcare infrastructure in the region. In North America, the U.S. dominated the market in the past. Moreover, the country is predicted to progress at a CAGR of 4.8% throughout the forecast period.

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