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X-Ray Equipment Market size is set to grow by USD 3.79 billion from 2024-2028, Increasing incidence of chronic diseases boost the market, Technavio

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NEW YORK, June 12, 2024 /PRNewswire/ — The global X-ray equipment market size is estimated to grow by USD 3.79 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.8%  during the forecast period. Increasing incidence of chronic diseases is driving market growth, with a trend towards technological advances. However, high cost of X-ray equipment poses a challenge. Key market players include Agfa Gevaert NV, Canon Inc., Carestream Health Inc., Clermont Radiology LLC, DURR NDT GmbH and Co. KG, Finapoline SAS, FUJIFILM Holdings Corp., GE Healthcare Technologies Inc., Hitachi Ltd., Hologic Inc., Konica Minolta Inc., Koninklijke Philips N.V., Shenzhen Mindray BioMedical Electronics Co. Ltd, MinXray Inc., New Medical Imaging Co ltd, Samsung Electronics Co. Ltd., Shimadzu Corp., Siemens Healthineers AG, Toshiba Corp., and Varex Imaging Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

X-Ray Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.8%

Market growth 2024-2028

USD 3799.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.4

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 38%

Key countries

US, Germany, UK, Japan, and China

Key companies profiled

Agfa Gevaert NV, Canon Inc., Carestream Health Inc., Clermont Radiology LLC, DURR NDT GmbH and Co. KG, Finapoline SAS, FUJIFILM Holdings Corp., GE Healthcare Technologies Inc., Hitachi Ltd., Hologic Inc., Konica Minolta Inc., Koninklijke Philips N.V., Shenzhen Mindray BioMedical Electronics Co. Ltd, MinXray Inc., New Medical Imaging Co ltd, Samsung Electronics Co. Ltd., Shimadzu Corp., Siemens Healthineers AG, Toshiba Corp., and Varex Imaging Corp.

Market Driver

The global X-ray equipment market is experiencing significant growth due to the introduction of new products with advanced technologies. These innovations include digital X-rays, flat-panel CR systems, and radiation-based imaging techniques. Vendors like Fujifilm and Canon Medical are launching new systems with improved image quality and radiation dose reduction. Digital imaging has replaced conventional film-based radiography, enhancing efficiency and image resolution. These advancements support the market’s growth in the forecast period. 

The healthcare sector continues to invest in X-ray equipment due to its importance in diagnosing various medical conditions. The market for X-ray systems is growing, with technologies such as digital X-ray and portable X-ray gaining popularity. Musculoskeletal disorders and orthopedic issues are common diagnoses using X-ray technology. Demand for diagnostic imaging is increasing, driven by an aging population and rising healthcare costs.

Cancer detection is another significant application of X-ray equipment. Cardiac and arthritic diseases are also diagnosed using X-rays. The use of advanced technologies like contrast agents and computer-aided diagnosis is increasing to improve diagnostic accuracy. The market for X-ray equipment is expected to grow in the coming years due to these trends. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The X-ray equipment market is facing affordability challenges due to the high cost of equipment and associated services. Radiologists, equipment, hospital, and inpatient imaging fees add to the diagnostic costs. Technology advancements have led to increased equipment costs. For instance, the average cost of digital portable X-ray units is significantly higher than analog ones. General Electric offers various digital X-ray equipment at varying prices. However, these costs make X-ray equipment inaccessible for hospitals and primary healthcare centers, particularly in low-income areas, potentially limiting market growth.The X-Ray equipment market faces several challenges in the current business landscape. Key components such as chronics, dishes, cards, dias, neuralogicals, and orthopedics play a significant role in the industry. The cost of production and procurement of these components is a major concern for manufacturers.Additionally, the adoption of advanced technologies like flat panels and digital radiography systems necessitates continuous research and development efforts. Radiology practices also face challenges in implementing these technologies due to high upfront costs and the need for extensive training. Furthermore, regulatory compliance and data security are critical issues that require constant attention. Overall, the X-Ray equipment market requires innovative solutions to address these challenges and maintain competitiveness.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Technology 1.1 Digital1.2 AnalogEnd-user 2.1 Hospitals2.2 Diagnostic imaging centersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Digital-  Digital X-ray equipment, utilizing detectors like charge-coupled devices and flat panel detectors, offers real-time image capture and high processing speed. Portable models are in high demand for bedside diagnosis. Brands like Carestream DRX-1, FDR AQRO, DigitalDiagnost C90, and Optima XR220amx lead the market. Digital X-ray’s advantages include lower radiation exposure, smaller installation space, retrofit options, superior image quality, increased Medicare reimbursement, digital storage, and elimination of film processing. Companies, such as Danaher Corp., invest in advanced digital X-ray technology, like 3D-CBCT Gendex GXCB-500, to stay competitive.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The X-Ray Equipment Market encompasses innovative technologies and solutions for diagnosing various chronic diseases, including cardiac and neurological conditions. Medical imaging services, such as computed radiography, play a crucial role in enhancing image brightness and contrast using flat panel detectors.

These advancements significantly expand diagnostic capabilities for chronic illnesses, sports-related injuries, and age-associated diseases, like cancer, arthritis, dementia, and osteoporosis. Orthopedic imaging and bone density scans are essential components of this market, catering to the growing needs of the geriatric population. Digital imaging technology continues to revolutionize the healthcare sector, offering improved diagnostic accuracy and patient knowledge.

Market Research Overview

The X-Ray Equipment Market encompasses innovative technologies and solutions designed for medical imaging, primarily using X-rays. These systems enable healthcare professionals to diagnose and treat various conditions, from bone fractures to lung diseases. The market is driven by factors such as an aging population, increasing prevalence of chronic diseases, and advancements in imaging technology. Key features of X-Ray

Equipment include high resolution imaging, low radiation doses, and user-friendly interfaces. Applications span across various medical specialties, including orthopedics, cardiology, and neurosurgery. Procurement of X-Ray Equipment involves careful consideration of factors such as cost, functionality, and compatibility with existing hospital systems. The market is competitive, with numerous players offering a range of products catering to diverse healthcare needs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyDigitalAnalogEnd-userHospitalsDiagnostic Imaging CentersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

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SOURCE Niutech

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Global Ultrasound Institute Launches GUSI Fellowships Platform: Elevating Point-of-Care Ultrasound Education

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SAN FRANCISCO, Sept. 20, 2024 /PRNewswire/ — The Global Ultrasound Institute (GUSI) is proud to announce the launch of the GUSI Fellowships Platform, an innovative online platform designed to empower learners around the world to achieve confidence and competency in point-of-care ultrasound (POCUS). With a holistic, device-independent approach that includes comprehensive evidence-based education, personalized mentorship from world-class POCUS educators, detailed scan review feedback, quantitative assessments, and CME certification, GUSI is setting a new standard in POCUS education.

“GUSI’s online didactics are the best that I have seen. And what I like most about the fellowship were the 1:1 sessions and being able to interact with GUSI expert faculty who have many years of experience in POCUS. And you get to pick their brains and they get to instruct you 1:1. I have used the training I received from GUSI to do much more POCUS clinically and further impact my patients lives.”

Dr. James Wilcox,
Assistant POCUS Director, Indiana University School of Medicine
Adjunct Professor and Assistant Professor of Medicine

“Our mission at GUSI is to democratize access to high-quality ultrasound training,” said Dr. Kevin Bergman and Dr. Mena Ramos, Co-CEOs of Global Ultrasound Institute. “The GUSI Fellowships Platform enables learners from diverse backgrounds to enhance their skills in a supportive, flexible environment, making it easier than ever to reach their POCUS goals.”

With training options covering 38 different scan types, learners can expect personalized 1:1 mentorship with expert POCUS educators who provide timely feedback on practice scans.

“The GUSI fellowship mentors are the best: patient, kind, knowledgeable, experienced, and supportive. GUSI provided education in the areas I wanted and needed to obtain and in my home/office environment not requiring multiple trips around the country. It is not just the way course work is presented – learning is made easier by the support provided to each student.”

Dr. Glenda Patterson
Core Faculty, University of Arkansas Northwest Internal Medicine Residency
Physician, Veterans Health Care of the Ozarks
Board-certified in Internal Medicine, Pulmonary Medicine, and Critical Care Medicine

The GUSI Fellowships Platform features a scalable software system designed to monitor and track performance, ensuring learners can effectively measure their progress.

GUSI understands the challenges faced by healthcare professionals seeking to enhance their ultrasound skills amid demanding schedules. GUSI addresses these concerns with flexible scheduling options, allowing learners to progress at their own pace while balancing their professional and personal commitments. This adaptability and virtual experience is crucial for fostering a culture of continuous learning and skill development.

“I went from not being able to hold the probe to someone who can scan and diagnosing and finding pathologies. I worked with Dr. Milne-Price and she was amazing! She sharpened my skills and we did sessions of live scanning over Zoom. I feel confident in my skills now to scan on my own.”

Dr. Dalea Al-Hawarri
Faculty, Bryn Mawr Family Medicine Residency

As healthcare continues to evolve, the demand for proficient ultrasound practitioners has never been greater. GUSI is not only committed to providing exceptional education but also aims to inspire a new generation of healthcare professionals who can leverage POCUS to improve patient outcomes globally. Join us in this exciting journey towards excellence in ultrasound practice.

For more information on GUSI Fellowships and to start your journey toward ultrasound proficiency, visit https://globalultrasoundinstitute.com/.

About Global Ultrasound Institute:

Global Ultrasound Institute stands at the forefront of point-of-care ultrasound, providing wraparound education, training, AI, and administrative software tools to healthcare providers and health systems globally to lower barriers to POCUS adoption and implementation. GUSI has trained over 14,000 healthcare practitioners in over 60 countries. GUSI is working to create a better world in which every healthcare practitioner is empowered to offer a rapid, reliable, accurate ultrasound-enabled diagnosis directly at the point-of-care, for any patient, anywhere.

For more information about GUSI Fellowships or any of GUSI services, please visit https://globalultrasoundinstitute.com/

Contact:

Dr. Kevin Bergman, Co-Founder, co-CEO, Global Ultrasound Institute
Dr. Mena Ramos, Co-Founder, co-CEO, Global Ultrasound Institute

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SOURCE GLOBAL ULTRASOUND INSTITUTE

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Keuka College Notifies Individuals of Data Security Incident

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KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

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SOURCE Keuka College

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