Medical X-ray Image Processor Market To Reach $999.5Mn By 2030

Medical X-ray Image Processor Market Growth & Trends

The global medical X-ray image processor market size is anticipated to reach USD 999.5 million by 2030, expanding at 2.1% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the growing number of minimally invasive procedures, increasing number of surgeries, and rising number of dental procedures.

Moreover, in the upcoming years, the market for medical X-ray image processors is anticipated to expand as a result of factors including the rising incidence of chronic diseases, traumatic events such as accidents, and the advancement of new imaging technologies. For instance, as per Brake, around 1.35 million people die of road accidents, whereas, road crashes lead to around 20 – 50 million non-fatal injuries every year. This may increase the usage of X-rays, thereby impelling the market for X-ray image processors.

The market is also anticipated to gain from the growing use of digital imaging technologies, which have various advantages over older film-based imaging techniques. In addition, the rising number of dental procedures may further grow the demand for medical X-ray image processors. For instance, according to the National Institute of Dental and Craniofacial Research, every year around 53,000 people in the U.S. alone are diagnosed with oral cancer, and many of them require a surgical procedure to remove cancer. Hence, a rising number of dental surgical cases are expected to drive the X-ray image processor market over the coming year. Additionally, according to American Dental Association (ADA), 15 million root canal procedures are performed in the United States each year which may further boost the X-ray image processor market.

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Medical X-ray Image Processor Market Report Highlights

• Cassette dominated the product segment with a market share of 52.9% in 2022, whereas, flat panel detectors is expected to have the fastest growth rate of 2.8% over the forecast period

• The orthopedic segment is expected to dominate the market with a market share of 42.6%. This can be credited to the rising number of orthopedic surgeries globally

• Hospitals dominated the end-use segment in 2022 owing to the increasing number of hospital settings globally. However, the outpatient facilities segment is projected to witness the fastest growth rate of 2.4% during the forecast period

• In 2022, North America dominated the market with a market share of 32.5% in 2022. This can be accredited to the rising number of surgeries, along with the presence of major players in the region

• Asia Pacific is projected to impel at the fastest growth rate of CAGR 3.2% during the forecast duration. Increased prevalence of hospital-acquired infections (HAIs), and rising number of surgeries in this region

Medical X-ray Image Processor Market Segmentation

Grand View Research has segmented the global medical X-ray image processor market report based on product, application, end-use, and region:

Medical X-ray Image Processor Product Outlook (Revenue, USD Million, 2018 - 2030)

• Cassette

• Flat Panel Detectors

Medical X-ray Image Processor Application Outlook (Revenue, USD Million, 2018 - 2030)

• Dental

• Mammography

• Orthopedic

• Others

Medical X-ray Image Processor End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Outpatient Facilities

• Research & Manufacturing

Medical X-ray Image Processor Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Medical X-ray Image Processor Market

• Zimed Healthcare Ltd

• Euroteck

• HEXAGON INTERNATIONAL(GB) LIMITED

• AFP Manufacturing

• Baker Hughes Company

• PROTEC

• Konica Minolta, Inc.

• Agfa-Gevaert NV

• Fujifilm Holdings Corporation

• Carestream Health