Spinal X-Ray and CT Market Share, Development and Demand Forecast to 2030

NEW YORK - Sept. 26, 2023 - PRLog -- The global spinal X-ray and CT market is experiencing growth and is projected to reach USD 1,602.0 million by 2030. This growth can be credited to the booming occurrence of spinal wounds, improvements in radiological technologies, the increasing elderly populace, and the advent of artificial intelligence in medicinal imaging are driving the industry development.

In the coming few years, the spinal tumor category is projected to experience the fastest development in the industry, at a CAGR of above 7%. This is credited to the surging count of cases of spinal cancer globally, which is accelerating the requirement for fast and effective analysis and treatment.

Additionally, spinal infections impact the intervertebral discs, paraspinal tissue, and vertebral body. The growing occurrence of spinal infections is boosting industry development as diagnosing them is a time-consuming procedure, which needs the use of several imaging modalities.

North America dominated the industry, with a revenue share of more than 40%, in recent years. This is credited mainly to the improvements in healthcare tech, owing to wide investment-backed research and development, and the obtainability of an increasing count of X-ray and CT devices.

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Hence, the booming occurrence of spinal wounds, improvements in radiological technologies, the increasing elderly populace, and the advent of artificial intelligence in medicinal imaging are driving the industry development.