X-Ray Equipment Market by Technology and Geography - Forecast and Analysis 2020-2024

X-Ray Equipment Market by Technology and Geography - Forecast and Analysis 2020-2024

Global X-Ray Equipment Market: About this market

Technavio’s X-ray equipment market analysis considers sales from both digital and analog technology. Our study also finds the sales of X-ray equipment in Asia, Europe, North America, and ROW. In 2019, the digital segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as reduced space requirement for device installation, high image quality, and improved medicare reimbursement rates will play a significant role in the digital segment to maintain its market position. Also, our global X-ray equipment market report looks at factors such increasing incidence of chronic diseases, growing demand for non-invasive diagnostic devices, and growth in the adoption of portable devices. However, high cost of X-ray equipment, stringent regulations, and product recall, and cybersecurity vulnerabilities associated with X-ray equipment may hamper the growth of the X-ray equipment industry over the forecast period.

Global X-Ray Equipment Market: Overview

Adoption of portable devices

The demand for portable X-ray machines is increasing significantly as they are a convenient, lightweight, and cost-effective solution for low-resource settings in developing economies. Some of the portable X-ray machines available in the market are MOBILETT Elara Max by Siemens and CARESTREAM DRX-Revolution by Carestream Health. Moreover, the increasing demand for patient-centric medical care with bedside imaging will lead to the expansion of the global X-ray equipment market at a CAGR of almost 6% during the forecast period.

Technological advances

Technological innovations in medical equipment have enabled physicians to provide quality care to patients, with better access to information and medical telecommunications. Technological advances in X-ray equipment include automation and upgrade of analog X-ray equipment with a digital detector to improve workflow and provide safe, cost-effective, and faster disease diagnosis for patients. Researchers are also advancing X-ray technology to improve clinical and workflow efficiency. For instance, the European Organization for Nuclear Research (CERN) developed a scanner using particle-tracking technology that uses 3D color X-rays to capture high-resolution images of human anatomy, including soft tissues, for the diagnosis of cancer, bone and joint diseases, and vascular diseases. The color X-ray imaging technology produces more clear and accurate pictures, which enables radiologists to diagnose the diseases more accurately. Thus. technological advances support the growth of the global X-ray equipment market. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global X-ray equipment market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global X-ray equipment market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading X-ray equipment manufacturers, that include Agfa-Gevaert NV, Canon Inc., Carestream Health Inc., FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Hologic Inc., Koninklijke Philips NV, Shimadzu Corp., and Siemens AG.

Also, the X-ray equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare equipment market
      • Table Segments of global healthcare equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
    • Value Chain Analysis
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
    • Market outlook
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by technology
    • Table Technology - Market share 2019-2024 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Digital - Market size and forecast 2019-2024
      • Table Digital - Market size and forecast 2019-2024 ($ millions)
      • Table Digital - Year-over-year growth 2020-2024 (%)
    • Analog - Market size and forecast 2019-2024
      • Table Analog - Market size and forecast 2019-2024 ($ millions)
      • Table Analog - Year-over-year growth 2020-2024 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • Asia - Market size and forecast 2019-2024
      • Table Asia - Market size and forecast 2019-2024 ($ millions)
      • Table Asia - Year-over-year growth 2020-2024 (%)
    • ROW - Market size and forecast 2019-2024
      • Table ROW - Market size and forecast 2019-2024 ($ millions)
      • Table ROW - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technological advances
    • Increasing number of M&A and new product launches
    • Increasing popularity of online distribution channel
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Agfa-Gevaert NV
      • Table Agfa-Gevaert NV - Vendor overview
      • Table Agfa-Gevaert NV - Business segments
      • Table Agfa-Gevaert NV - Organizational developments
      • Table Agfa-Gevaert NV - Geographic focus
      • Table Agfa-Gevaert NV - Segment focus
      • Table Agfa-Gevaert NV - Key offerings
    • Canon Inc.
      • Table Canon Inc. - Vendor overview
      • Table Canon Inc. - Business segments
      • Table Canon Inc. - Organizational developments
      • Table Canon Inc. - Geographic focus
      • Table Canon Inc. - Segment focus
      • Table Canon Inc. - Key offerings
      • Table Canon Inc. - Key customers
    • Carestream Health Inc.
      • Table Carestream Health Inc. - Vendor overview
      • Table Carestream Health Inc. - Product segments
      • Table Carestream Health Inc. - Organizational developments
      • Table Carestream Health Inc. - Key offerings
    • FUJIFILM Holdings Corp.
      • Table FUJIFILM Holdings Corp. - Vendor overview
      • Table FUJIFILM Holdings Corp. - Business segments
      • Table FUJIFILM Holdings Corp. - Organizational developments
      • Table FUJIFILM Holdings Corp. - Geographic focus
      • Table FUJIFILM Holdings Corp. - Segment focus
      • Table FUJIFILM Holdings Corp. - Key offerings
      • Table FUJIFILM Holdings Corp. - Key customers
    • General Electric Co.
      • Table General Electric Co. - Vendor overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Organizational developments
      • Table General Electric Co. - Geographic focus
      • Table General Electric Co. - Segment focus
      • Table General Electric Co. - Key offerings
    • Hitachi Ltd.
      • Table Hitachi Ltd. - Vendor overview
      • Table Hitachi Ltd. - Business segments
      • Table Hitachi Ltd. - Organizational developments
      • Table Hitachi Ltd. - Geographic focus
      • Table Hitachi Ltd. - Segment focus
      • Table Hitachi Ltd. - Key offerings
      • Table Hitachi Ltd. - Key customers
    • Hologic Inc.
      • Table Hologic Inc. - Vendor overview
      • Table Hologic Inc. - Business segments
      • Table Hologic Inc. - Organizational developments
      • Table Hologic Inc. - Geographic focus
      • Table Hologic Inc. - Segment focus
      • Table Hologic Inc. - Key offerings
    • Koninklijke Philips NV
      • Table Koninklijke Philips NV - Vendor overview
      • Table Koninklijke Philips NV - Business segments
      • Table Koninklijke Philips NV - Organizational developments
      • Table Koninklijke Philips NV - Geographic focus
      • Table Koninklijke Philips NV - Segment focus
      • Table Koninklijke Philips NV - Key offerings
    • Shimadzu Corp.
      • Table Shimadzu Corp. - Vendor overview
      • Table Shimadzu Corp. - Business segments
      • Table Shimadzu Corp. - Organizational developments
      • Table Shimadzu Corp. - Geographic focus
      • Table Shimadzu Corp. - Segment focus
      • Table Shimadzu Corp. - Key offerings
      • Table Shimadzu Corp. - Key customers
    • Siemens AG
      • Table Siemens AG - Vendor overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Organizational developments
      • Table Siemens AG - Geographic focus
      • Table Siemens AG - Segment focus
      • Table Siemens AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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