Competition Scenario in Global Radiography System Market
The Global Radiography Systems market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each 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 radiology market’s growth is heavily reliant on detection technologies and advancements in testing equipment and instruments.
Country-Niche players control about ~40% of the market, while regional players hold a share of ~35%. Some of the major players in the market include General Electric Company, Hitachi Medical Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., Samsung Medison Co. Ltd, Fujifilm Holdings Corporation, Hologic, Inc., Shimadzu Corporation, Canon Medical Systems Corporation, Agfa-Gevaert Group, Carestream Health, Esaote and among others.
What is the Expected Future Outlook for the Overall Global Radiography System Market Across the globe?
The Global Radiography System market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Radiography System Market is driven by increasing use of AI-enabled diagnostic equipment for rapid diagnosis and predictive analysis, notably in developed countries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing innovation and emergence of new products, the Global Radiography System market is changing rapidly. For instance, In July 2022, Fujifilm, a Japanese photography company, launched a hybrid c-arm and portable x-ray solution in Europe, with the intention of providing high-quality fluoroscopic and static x-ray images during surgery and other medical procedures.
In April 2022, Unilabs, a European company that provides diagnostic services, collaborated with GE Healthcare, a U.S.-based company that offers medical technology and digital solutions, to provide advanced radiography systems and imaging services, including MRI and CT scanning technology, ultrasound devices, mammography, and X-ray machines, and innovative imaging fleet services in Portugal.
The Global Radiography Systems Market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the expansion of radiography systems is a rise in the prevalence of chronic diseases such as cancer, diabetes, cardiovascular disease, neurology disorders, and others, combined with advancements in healthcare systems. Though the market is highly competitive with ~100 participants, few global players control the dominant share and regional players also hold a significant share.
By Type
- X-Ray Devices
- Ultrasound Systems
- Computed Tomography (CT) Scanners
- Magnetic Resonance Imaging (MRI) Equipment
- Nuclear Imaging Equipment
By Application
- Cardiology
- Neurology
- Orthopedics
- Gynecology
- Oncology
By End User
- Hospitals and Clinics
- Specialty Clinics
- Diagnostic Imaging Centers
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, Italy, France, Spain, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
- LAMEA (Latin America, Middle East, Africa)
Key Players
- General Electric Company
- Hitachi Medical Corporation
- Siemens Healthcare GmbH
- Koninklijke Philips N.V.
- Samsung Medison Co. Ltd
- Fujifilm Holdings Corporation
- Hologic, Inc.
- Shimadzu Corporation
- Canon Medical Systems Corporation
- Agfa-Gevaert Group
- Carestream Health
- Esaote
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