Asia Pacific X-Ray Systems Market By Mobility (Stationary Systems and Mobile), By Modality (Radiography, Computed Radiography and Fluoroscopy), By End-use (Hospitals, Diagnostic Centers, and Mobile Imaging Centers), By Type (Analog and Digital), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Asia Pacific X-Ray Systems Market would witness market growth of 5.41% CAGR during the forecast period (2020-2026). The constant development of advanced technologies to enhance image quality is due to the availability of a large number of players operating in the market. Latest imaging techniques are consistently witnessing evolvement with enhancements in image quality, dose reduction techniques, and productivity in a workflow. X-ray device technology has shifted from analog imaging to digital. In the diagnostic & therapeutic regions of cancer, cardiovascular, and chest diseases, X-Ray Systems are widely used.
The growth of the X-Ray Systems market is expected to grow due to the expansion in R&D initiatives in the healthcare industry, combined with a surge in the number of product approvals. Additionally, some of the major factors that fuel the market growth are the increasing demand for efficient diagnostic imaging techniques because of a rise in the rates of chronic diseases like arthritis, cancer, and appendicitis.
According to the World Bank, the worldwide geriatric population (above 65 years or older) increased from 551,217,090 in 2012 to 673,618,927 in 2018. The increasing elderly population needs superior healthcare facilities that involve preventive measures as a majority of people under this segment are either experiencing age-associated chronic diseases or from other diseases because of the adoption of a hectic lifestyle when younger. Moreover, the growth of the X-Ray Systems market is expected to boost with the reducing fertility rates & expanding life expectancy at birth, increasing worldwide aging population due to an overall enhancement in survival resulting in longevity.
Based on Mobility, the market is segmented into Stationary Systems and Mobile. Based on Modality, the market is segmented into Radiography, Computed Radiography and Fluoroscopy. Based on End-use, the market is segmented into Hospitals, Diagnostic Centers, and Mobile Imaging Centers. Based on Type, the market is segmented into Analog and Digital. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Diagnostic Centers Market by Country in 2019growing at a CAGR of 5.1 % during the forecast period. The Japan market is experiencing a CAGR of 8.3% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 8.3% during (2020 - 2026).
The Digital market dominated the Malaysia X-Ray Systems Market by Type in 2019, thereby, achieving a market value of $87.2 million by 2026. The Analog market is estimated to grow at a CAGR of 7.8% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Siemens AG, Hitachi, Ltd., Canon, Inc. (Canon Medical Systems Corporation), Fujifilm Holdings Corporation, Carestream Health, Inc., Shimadzu Corporation, Hologic, Inc., and Konica Minolta, Inc. (Konica Minolta Healthcare Americas, Inc.)
Scope of the Study
Market Segments Covered in the Report:
- Stationary Systems
- Computed Radiography
- Diagnostic Centers
- Mobile Imaging Centers
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Siemens AG
- Hitachi, Ltd.
- Canon, Inc. (Canon Medical Systems Corporation)
- Fujifilm Holdings Corporation
- Carestream Health, Inc.
- Shimadzu Corporation
- Hologic, Inc.
- Konica Minolta, Inc. (Konica Minolta Healthcare Americas, Inc.)
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