Medical X-Ray Equipment and Imaging Software Market Report 2025

This Medical X-Ray Equipment and Imaging Software market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The medical X-ray equipment and imaging software market size has grown strongly in recent years. It will grow from $2.92 billion in 2024 to $3.13 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to the aging population, increased disease burden, growth in healthcare expenditure, rise in adoption of digitalization, and increased regulatory compliance.

The medical X-ray equipment and imaging software market size is expected to see strong growth in the next few years. It will grow to $4.12 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the growing demand for point-of-care imaging, expansion of telemedicine, focus on value-based healthcare, shift towards digitalization, and focus on personalized medicine. Major trends in the forecast period include the integration of artificial intelligence, patient safety and dose reduction, a shift towards digitalization and PACS (picture archiving and communication system) integration, portable and point-of-care imaging solutions, and the adoption of 3D and 4D imaging.

The rise in degenerative joint diseases is expected to drive the growth of the medical X-ray equipment and imaging software market in the coming years. Degenerative joint diseases encompass conditions such as osteoarthritis, where the flexible tissue at the ends of bones deteriorates, causing symptoms such as joint stiffness, pain, and swelling. The increasing global burden of degenerative joint disorders is influenced by factors such as aging populations, sedentary lifestyles, joint injuries, and genetic predispositions. Medical X-ray equipment and imaging software play crucial roles in diagnosing, guiding treatment, and monitoring degenerative joint diseases, thereby enhancing patient outcomes. X-ray equipment is commonly utilized to diagnose degenerative joint disease by capturing images of affected joints, while imaging software aids in analyzing and interpreting X-ray images. For example, U.S. News & World Report in August 2023 projected that osteoarthritis, affecting 15% of the global population over age 30, would afflict nearly 1 billion people by 2050, compared to 595 million in 2020. Hence, the growing prevalence of degenerative joint diseases is propelling the expansion of the medical X-ray equipment and imaging software market.

Key players in the medical X-ray equipment and imaging software market are focusing on developing innovative solutions such as mobile X-ray systems to improve portability and flexibility in medical imaging. Mobile X-ray systems are compact, portable machines that can be easily transported and utilized in various clinical settings, including hospitals, clinics, emergency rooms, and field situations such as disaster response or military deployments. For instance, Carestream Health introduced the DRX-Rise Mobile X-ray System in May 2023, a fully integrated digital X-ray unit designed to provide an affordable path to digital imaging for customers. The DRX-Rise features Carestream's ImageView software, powered by the Eclipse processing engine with AI, offering exceptional image quality, workflow-enhancing attributes, and a more comfortable imaging experience for patients, all without significantly impacting the capital budget.

In March 2022, Canon Inc. acquired Nordisk Rontgen Teknik (NRT) AS to bolster its global X-ray business by leveraging European-based technology and manufacturing capabilities from NRT. This acquisition aims to enhance existing X-ray solutions and improve X-ray products through innovative integration and technology advancements. Nordisk Rontgen Teknik AS is a Denmark-based developer of diagnostic X-ray systems for the healthcare sector.

Major companies operating in the medical x-ray equipment and imaging software market are Samsung Healthcare, Hitachi Healthcare Americas Corporation, Siemens Healthineers GmbH, Fujifilm Medical Systems, Philips Healthcare, Stryker Corporation, General Electric Healthcare LLC, Agilent Technologies Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Hologic Inc., PerkinElmer Inc., Shimadzu Corporation, Varian Medical Systems, Sectra AB, Agfa-Gevaert Group, Carestream Health Inc., Analogic Corporation, Konica Minolta Healthcare Inc., Canon Medical Systems Corporation (formerly Toshiba Medical Systems Corporation), Ziehm Imaging GmbH, Esaote S.p.A., Planmed Oy, OrthoScan Inc., Terason Corporation, CurveBeam LLC.

North America was the largest region in the medical X-ray equipment and imaging software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical x-ray equipment and imaging software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical x-ray equipment and imaging software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Medical X-ray equipment and imaging software are the hardware and software utilized in capturing, processing, and interpreting X-ray images for medical diagnostics. This technology is crucial for the non-invasive visualization of internal body structures, aiding in diagnosing medical conditions such as fractures, tumors, and pulmonary diseases.

The primary types of medical X-ray equipment and imaging software encompass both equipment and software components. Medical X-ray equipment refers to devices employed in medical imaging that utilize X-rays to generate images of internal body structures. Various technologies such as radiography or mammography, computed tomography, and fluoroscopy or angiography are utilized to produce 2-dimensional and 3-dimensional images. These tools are utilized by various end users including hospitals, diagnostic centers, and research institutions.

The medical X-ray equipment and imaging software market research report is one of a series of new reports that provides medical X-ray equipment and imaging software market statistics, including medical X-ray equipment and imaging software industry global market size, regional shares, competitors with a medical X-ray equipment and imaging software market share, detailed medical X-ray equipment and imaging software market segments, market trends and opportunities, and any further data you may need to thrive in the medical X-ray equipment and imaging software industry. This medical X-ray equipment and imaging software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical X-ray equipment and imaging software market consists of revenues earned by entities by providing services such as image acquisition and processing, 3D reconstruction, Integration with AI, and reporting and documentation. The market value includes the value of related goods sold by the service provider or included within the service offering. The medical X-ray equipment and imaging software market also includes sales of X-ray machines, fluoroscopy machines, radiology information systems, and quality assurance tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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