Medical X-Ray Films Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Nov 2021 Pages: 120 SKU: IRTNTR71498

The medical X-ray films market share is expected to increase by USD 109.46 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.16%.

This medical X-ray films market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (diagnostic centers, hospitals, and others) and geography (North America, Europe, APAC, South America, and MEA). The medical X-ray films market report also offers information on several market vendors, including Agfa-Gevaert NV, Ashland Global Holdings Inc., Carestream Health Inc., China Lucky Group Corp., Codonics Inc., Flow Dental Corp., Foma Bohemia Ltd., FUJIFILM Holdings Corp., Konica Minolta Inc., and Skydent AS among others.

What will the Medical X-ray Films Market Size be During the Forecast Period?

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Medical X-ray Films Market: Key Drivers and Trends

The increasing prevalence of chronic conditions is notably driving the medical X-ray films market growth, although factors such as stringent regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical X-ray films industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical X-ray Films Market Driver

One of the key factors driving growth in the medical X-ray films market is the increasing prevalence of chronic conditions. Medical imaging equipment is used for diagnosing severe and chronic conditions. The rising prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases is expected to trigger the demand for diagnostic products, including medical imaging systems, which, in turn, will subsequently drive the growth of the global medical X-ray films market. The high incidence of cancer is increasing the demand for cancer screening and diagnoses and the increasing prevalence of other chronic conditions, such as cardiovascular diseases and neurological disorders, will augment the demand for X-ray screening.

Key Medical X-ray Films Market Challenge

The stringent regulations will be a major challenge for the medical X-ray films market vendors. Medical imaging devices such as ultrasound, CT scan, MRI, X-ray, and PET/SPECT fall under the Federal Food, Drug, and Cosmetic Act (FD&C Act) as amended by the Medical Device Amendments of 1976 and the subsequent related amendments. These devices are considered non-510(k)-exempt Class I and Class II medical devices. Hence, they need to comply with stringent regulations during the approval process. X-ray systems generate images using ionizing radiation. When the doses of ionizing radiation exceed certain levels, it leads to severe complications. Physicians and technicians should use techniques and protocols that administer the lowest radiation dose. The stringent regulations associated with medical imaging equipment are expected to hinder the demand for X-ray equipment, which, in turn, will decrease the demand for medical X-rays films.

This medical X-ray films market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Medical X-ray Films Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Agfa-Gevaert NV
  • Ashland Global Holdings Inc.
  • Carestream Health Inc.
  • China Lucky Group Corp.
  • Codonics Inc.
  • Flow Dental Corp.
  • Foma Bohemia Ltd.
  • FUJIFILM Holdings Corp.
  • Konica Minolta Inc.
  • Skydent AS

 

This statistical study of the medical X-ray films market encompasses successful business strategies deployed by the key vendors. The medical X-ray films market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical X-ray films market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Medical X-ray Films Market?

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42% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for medical X-ray films in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The rising capital expenditure on healthcare, the increasing number of chronic diseases such as cancer and diabetes, and the growing demand for medical X-ray films will facilitate the medical X-ray films market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Medical X-ray Films Market?

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The medical X-ray films market share growth by the diagnostic centers segment will be significant during the forecast period. Diagnostic centers are characterized into large, medium, and small-sized centers based on the volume of analysis or imaging performed. The volume of X-ray procedures is higher in diagnostic centers when compared to hospitals. Large-sized diagnostic centers are linked with many hospitals and offer cost-effective solutions to improve patient care. These centers conduct tests using advanced equipment and electronically transmit the results to the hospital, which helps to reduce medical expenses and minimize the duration of result delivery. The global medical X-ray films market will grow with the increasing demand for X-rays in diagnostic centers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical X-ray films market size and actionable market insights on post COVID-19 impact on each segment.

 

Medical X-ray Films Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.16%

Market growth 2022-2026

$ 109.46 million

Market structure

Fragmented

YoY growth (%)

1.28

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 42%

Key consumer countries

US, Germany, UK, Canada, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agfa-Gevaert NV, Ashland Global Holdings Inc., Carestream Health Inc., China Lucky Group Corp., Codonics Inc., Flow Dental Corp., Foma Bohemia Ltd., FUJIFILM Holdings Corp., Konica Minolta Inc., and Skydent AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, 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

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What are the Key Data Covered in this Medical X-ray Films Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive medical X-ray films market growth during the next five years
  • Precise estimation of the medical X-ray films market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical X-ray films industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical X-ray films market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Diagnostic Centers - Market size and forecast 2021-2026
    • Hospitals - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • APAC - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Agfa-Gevaert NV
    • Ashland Global Holdings Inc.
    • Carestream Health Inc.
    • China Lucky Group Corp.
    • Codonics Inc.
    • Flow Dental Corp.
    • Foma Bohemia Ltd.
    • FUJIFILM Holdings Corp.
    • Konica Minolta Inc.
    • Skydent AS

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    INFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases

    DATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts

    REPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape

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    Key Questions Answered

    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?

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    • Parent market analysis
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    • Detailed vendors report with competitive landscape
    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis