The X-Ray Devices market is expected to grow at a CAGR of 5.65%, reaching a market size of US$19.192 billion in 2030 from US$14.580 billion in 2025.
An X-ray device is used to generate 2D X-ray images of 3D interior organs or bones. The rising prevalence of chronic diseases is driving market expansion throughout the predicted period. The increasing trend of early diagnosis and disease detection creates additional opportunities for market growth during the forecast period. The X-ray system sends small amounts of X-rays into the human body and records an image of the area of interest on a gadget.
The increasing number of non-fatal vehicle accidents is driving up demand, as X-rays provide an instant snapshot of the injury. Furthermore, technological advancements have divided the X-ray equipment market into portable and fixed systems, propelling the market growth. The expanding digitization has segmented the market based on analogous and digital technologies, boosting the market share of digital X-ray systems, which are seeing a rapid rise in usage due to ongoing advances in offering better healthcare facilities on a global scale.
The expanding worldwide geriatric population will drive market expansion during the forecast period, as will the advent and prevalence of age-related disorders such as osteoporosis and the identification of bone degradation caused by aging. As per the World Bank, the global geriatric population (65 years and older) increased from 673,618,927 in 2018 to approximately 1.1 billion in 2023.
The rising older population needs better healthcare facilities that include preventative measures, as many people in this category suffer from age-related chronic diseases or diseases as a result of adopting a bad lifestyle when younger. Hence, this population requires better healthcare facilities with improved diagnostic and treatment procedures to prevent the spread of age-related or degenerative diseases.
Furthermore, with lowering fertility rates and rising life expectancy at birth, global aging is expected to accelerate due to improved overall survival, resulting in longevity and further burgeoning market growth during the projection period.
Chronic disease burdens are increasing considerably in developed and developing countries. As per WHO, chronic diseases accounted for 74 percent (roughly) of the total 41 million reported deaths worldwide. This is predicted to push the burden of noncommunicable illnesses to 86% by 2048. Cardiovascular diseases account for over half of the chronic disease burden. This is related to adopting bad living conditions, such as improper eating habits and physical inactivity, affecting an increasing number of individuals worldwide. Moreover, with smoking habits prevalent in society at the international level, excessive smoking causes cancer, heart disease, lung disease, and other diseases that necessitate the use of equipment such as an X-ray machine. An X-ray can detect disease occurrence, and in the case of cancer, this can be useful in determining the cancer stage.
Furthermore, smoking raises the risk of developing TB and rheumatoid arthritis, which causes joint inflammation and stiffness that can worsen over time. However, efforts are being made to prevent these diseases. Thus, early illness identification and prevention play an important role in disease mitigation, followed by treatment procedure decision-making and monitoring, which will drive market expansion throughout the projection period.
Aside from X-ray systems, other medical imaging modalities are available, such as magnetic resonance imaging (MRI), CT, and ultrasound. These are also widely available, use cutting-edge technology, and serve a variety of diagnostic and therapeutic objectives. Furthermore, ultrasonography is considered the safest imaging method because it does not employ ionizing radiation but relies on sound waves. It is the preferred method for pregnancy, emergency diagnostic, heart, spine, and imaging of other internal organs. Furthermore, a CT scan is commonly used in an emergency room because it takes less than five minutes to complete. MRI scans take longer, at least 30 minutes, but they provide a more in-depth investigation of a specific diagnosis and are considered superior to X-ray systems. Thus, the presence of these imaging systems would pose a threat to market growth over the projection period.
By geography, the X-Ray Devices market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. North America region is projected to have a significant market share. This dominance is based on various factors, such as a higher prevalence of chronic diseases and a growing aging population that substantially increases the region's demand for diagnostic imaging services. The growth is supported by favorable reimbursements, and government activities to enhance healthcare access and quality are positively driving the adoption of advanced X-ray technologies in the region.
North America is also known to have many leading manufacturers and innovators in the medical imaging sector, which is why there is continuous development in X-ray technology. These innovations include digital X-ray systems that offer improved image quality, reduced radiation exposure, and enhanced patient safety. North America has been the largest market in the X-ray devices segment, with strong growth prospects given the increasing adaptation of advanced systems by healthcare providers to meet the demands of their patients and enhance diagnostic capabilities. The robust healthcare infrastructure, coupled with the commitment to advancement, is primarily why North America holds a huge market share for X-ray devices.
The major leaders of the X-ray devices market are Fujifilm Holdings Corporation, General Electric Company, Siemens Healthcare GmbH, and Koninklijke Philips N.V., among other prominent players. These players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage over their competitors. For Instance,
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| X-Ray Devices Market Size in 2025 | US$14.580 billion |
| X-Ray Devices Market Size in 2030 | US$19.192 billion |
| Growth Rate | CAGR of 5.65% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the X-Ray Devices Market | |
| Customization Scope | Free report customization with purchase |