Country-Niche Players Constitute ~40% of the Competitors, Despite the Presence of about ~100 Competitors Comprising a Large Number of Regional Players, and, Global Players, finds a recent market study on the Global Radiography Systems Market by Ken Research
Radiography systems are devices used to diagnose patients by recording images of the internal structure of the body using medical imaging technologies to detect the presence or absence of disease, contaminants, structural damage or abnormality.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study
Country-Niche Players Constitute ~40% of the Total Number of Competitors, While Regional Companies Represent ~35% Share of Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Radiography Systems market is highly competitive with ~100 players, including globally diversified players, regional players, and a large number of country-niche players with their niche diagnostic imaging techniques, such as AI-enabled x-ray interpretation, digital mobile radiography, automatic image stitching, dual-energy imaging, and others, for end-users. The majority of the country’s players offer end-to-end solutions that assist healthcare professionals in better diagnosing a disease, discovering new technologies, and performing disease assessments. Some of these who successfully evolve to create diagnostics solutions often get acquired by large global players seeking to grow and diversify quickly.
Country-Niche Players’ and Organization’s Ongoing Efforts to Provide Life Sciences Solutions to End-User Industries Are Driving Their Revenue Growth In This Market.
Detailed comparative analysis of key competitors available within the Research Study shows that numerous medical equipment companies such as General Electric Company, Hitachi Medical Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., Samsung Medison Co. Ltd, and more are highly focused on providing a significant number of diagnostic solutions and advanced techniques that can be used across end-user industries. Furthermore, numerous companies and organizations are aggressively investing in advanced computation, data analytics, and increased R&D activities.
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Increasing Government Initiatives, Strategies, and Investments in Healthcare Infrastructure, Notably Supporting Advanced Diagnostic Techniques is Propelling the Radiography Systems Market Growth.
Prior to the Covid-19 pandemic, government-led investment and involvement in life sciences were relatively limited worldwide, with the industry relying primarily on private funding. The pandemic led governments to concede that the structure needed to be changed. Since 2020, several governments across countries have raised funds for expensive diagnostic imaging services and solutions for effective analysis of disease.
- For instance, in February 2022, the International Atomic Energy Agency (IAEA), an Austrian government organization, developed a remote and automated solution for radiography and mammography quality standards, utilizing simple, inexpensive test objects (phantoms) and free software programs.
- In August 2022, the National Institutes of Health (NIH), a U.S. government medical research agency, announced a funding opportunity for the advancement of next-generation non-invasive imaging techniques.
- In November 2021, The National Health Service (NHS), a UK government department, receive US$ 263.32 million (£248 million) to invest in technology to provide more diagnostic tests, verifications, and scans which will help provide a faster diagnosis of an illness and earlier treatment.
For more information on the research report, refer to the below link:
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