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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.
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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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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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.
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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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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