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The medical X-ray films market size is forecast to increase by USD 110.2 million at a CAGR of 2.1% between 2023 and 2028. The X-ray films market is witnessing significant growth due to the increasing prevalence of chronic conditions such as heart diseases, bone injuries, and tumors, leading to an increase in X-ray imaging procedures. The market is also driven by technological advances in X-ray systems, enabling faster and more accurate diagnoses. Furthermore, the growing number of surgeries, including heart surgeries, knee replacements, and dental surgeries, is fueling the demand for X-ray films. However, the market faces challenges from stringent regulations and the shift towards digital imaging solutions, which may limit the growth of the X-ray films market. Despite these challenges, the market is expected to continue its growth trajectory due to the high demand for X-ray films in various medical applications, such as the diagnosis of pneumonia and other respiratory conditions.
X-ray technology plays a crucial role in the diagnosis and treatment of various medical conditions, including neurological problems, cancer, cardiac diseases, bone-related issues, and chronic diseases. Radiography tests using x-ray imaging procedures are commonly used in healthcare to examine the human body and identify potential issues. Digital x-ray systems have largely replaced traditional analog equipment due to their superior image quality and efficiency. The aging population and increasing prevalence of chronic diseases, such as arthritis, orthopedic diseases, and dental problems, have fueled the demand for medical diagnostic equipment, including x-ray systems. Digital radiography systems have gained popularity due to their ability to produce high-quality images, reduce radiation exposure, and enable quicker diagnosis.
Moreover, government spending on healthcare and advancements in technology continue to drive the growth of the x-ray film market. X-ray films are essential components of x-ray systems, used to capture images of the body for further analysis. These films are used in various diagnostic imaging procedures, such as heart surgeries, knee replacements, bone injuries, tumors, pneumonia, and other medical conditions. X-ray film processors are used to develop these films, providing healthcare professionals with clear and accurate images for effective diagnosis and treatment.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The diagnostic centers segment is estimated to witness significant growth during the forecast period. In the healthcare sector, diagnostic centers play a significant role in providing medical imaging services, including X-ray examinations. These centers are categorized into three sizes: large, medium, and small, based on the volume of diagnostic procedures performed. Large diagnostic centers, often affiliated with multiple hospitals, offer cost-effective solutions for X-ray analysis. They utilize advanced medical diagnostic equipment, such as X-ray film processors, to ensure accurate results. These centers electronically transmit the findings to hospitals, thereby reducing medical expenses and shortening the turnaround time for result delivery. Medium-sized hospitals, with limited budgets, may find the acquisition of expensive X-ray systems a financial burden.
Additionally, the use of X-ray films, with their emulsion layer and base, remains crucial in diagnosing various conditions, such as Orthopedic diseases like Arthritis and Dental problems. Government spending on healthcare infrastructure and technology continues to drive the demand for advanced medical diagnostic equipment, including X-ray systems.
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The diagnostic Centers segment was valued at USD 456.40 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American region led the market in 2023, with the US being its major contributor. The region's growth is attributed to increasing healthcare expenditures, a rising prevalence of chronic conditions like cancer and diabetes, and the demand for medical diagnostic equipment, including X-ray films. According to the Centers for Disease Control and Prevention (CDC), approximately 60% of American adults have one or more chronic diseases, with annual healthcare spending reaching USD 3 trillion. In this context, the use of medical X-ray films, which are essential for diagnosing various conditions such as orthopedic diseases, arthritis, and dental problems, remains significant.
Additionally, the X-ray film processor market is also expected to grow due to the increasing demand for these films. The emulsion and base used in the production of X-ray films are crucial components that undergo rigorous research and development to improve image quality and reduce exposure time.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing prevalence of chronic conditions is notably driving market growth. The Market is witnessing significant growth due to the increasing number of orthopedic surgeries and diagnostic procedures in hospitals and clinics. Orthopedic category accounts for a substantial share in the market owing to the high usage of X-ray films for bone imaging during surgeries and diagnostic processes.
Moreover, manual film processors are widely used in dental and orthopedic practices for developing X-ray films. Diagnostic centers and hospitals are the major end-users of X-ray films, with mammography being a significant application in diagnostic centers. Hence, such factors are driving the market during the forecast period.
Technological advances is the key trend in the market. The market is witnessing significant growth due to the increasing number of orthopedic surgeries and diagnostic procedures in hospitals and clinics. Orthopedic category accounts for a major share in the overall usage of X-ray films, particularly in manual film processors, for accurate diagnosis and treatment planning.
Moreover, dental and mammography are other significant applications of X-ray films in healthcare. Diagnostic centers and hospitals are the major end-users of X-ray films, as they perform a large number of diagnostic procedures daily. The demand for X-ray films is expected to remain high due to their essential role in various medical applications. Thus, such trends will shape the growth of the market during the forecast period.
The stringent regulations are the major challenge that affects the growth of the market. The market is witnessing significant growth due to the increasing number of orthopedic surgeries and diagnostic procedures in hospitals and clinics. Orthopedic category applications account for a substantial market share, as X-ray films are extensively used in the diagnosis and treatment planning of bone-related conditions.
Moreover, dental and mammography are other major application areas, contributing to the market expansion. Manual film processors are being gradually replaced by automated systems in diagnostic centers to enhance efficiency and reduce processing time. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Agfa Gevaert NV - AGFA, a reputable company, provides medical X-ray films suitable for both general radiology and mammography applications. These films deliver superior image quality, featuring long-lasting and shockproof cassettes, ensuring reliability and durability under the AGFA brand.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
X-ray films continue to play a pivotal role in the diagnosis and treatment of various medical conditions, including neurological problems, cancer, cardiac diseases, bone-related issues, and chronic diseases. Radiography tests using X-ray imaging procedures remain essential diagnostic tools in hospitals and clinics, catering to the geriatric population and those with orthopedic diseases such as arthritis, bone injuries, and tumors. Digital X-ray systems, featuring flat panel detectors, have gained significant traction over traditional X-ray solutions due to their advantages like increased efficiency, lower radiation exposure, and improved image quality. Green technologies like half-speed blue and full-speed blue are driving the adoption of digital radiography systems in healthcare facilities.
Also, the market for medical diagnostic equipment, including X-ray film processors, emulsion, base, and analog x-ray equipment, is expected to grow substantially due to the rising prevalence of chronic diseases and healthcare regulatory scenarios. The aging population and government spending on healthcare infrastructure are further fueling the demand for digital X-ray equipment and diagnostic imaging procedures. X-ray systems are indispensable for various medical applications, including heart surgeries, knee replacements, dental problems, and pneumonia diagnosis. The market for X-ray imaging procedures in dental, orthopedic, and mammography categories is expanding, with diagnostic centers and hospitals & clinics being the major end-users. Manual film processors continue to coexist with digital solutions, catering to specific requirements and budgets in various healthcare settings. The orthopedic category is a significant contributor to the overall market growth, driven by the increasing number of orthopedic surgeries.
Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.1% |
Market growth 2024-2028 |
USD 110.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, Germany, UK, China, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agfa Gevaert NV, Ashland Inc., Carestream Health Inc., China Lucky Group Corp., Codonics Inc., Colenta Labortechnik GmbH and Co KG, Flow Dental Corp., Foma Bohemia Ltd., FUJIFILM Corp., Konica Minolta Inc., Orvee Medical Solutions Pvt. Ltd., PL Medical Co., LLC, Skydent AS, Sony Group Corp., and Trivitron Healthcare |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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