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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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Technology

Increff Selects Easyship’s Leading Multi-Carrier API To Help Retailers Navigate Global Shipping

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NEW YORK, Jan. 12, 2025 /PRNewswire-PRWeb/ — Easyship, one of the world’s leading multi-carrier shipping platforms, today announced a new partnership with Increff, a merchandising software leader specializing in inventory and warehouse management.

“By integrating Easyship’s best-in-class shipping technology, we are empowering our clients to scale globally with confidence and access 550+ shipping services,” said Kanika Bhalla, CRO of Increff. “This partnership reflects our commitment to equipping retailers with the tools they need.”

This collaboration marks a significant milestone in Increff’s expansion from a domestic technology powerhouse into North America, Europe, and Asia. By leveraging Easyship’s powerful multi-carrier shipping API, Increff’s 700+ global eCommerce clients can now access seamless logistics solutions spanning 220+ destinations worldwide.

Revolutionizing Logistics & Inventory Management

The integration of Easyship’s advanced shipping technology into Increff’s omnichannel Warehouse Management System (WMS) and Ship from Store solutions empowers retailers to:

Save up to 91% off retail prices on shipping labels, significantly reducing operational shipping costs and boosting store profitability.Access to 550+ courier services worldwide, ensuring unparalleled flexibility and control across North America, Europe, and Asia.An advanced courier selection algorithm that optimizes shipments for cost, speed, and reliability, streamlining domestic and international deliveries.

Driving Global Growth for Retailers

“By integrating Easyship’s best-in-class shipping technology, we are empowering our clients to scale globally with confidence and access more than 550 shipping services,” said Kanika Bhalla, CRO of Increff. “This partnership reflects our commitment to equipping retailers with the tools they need to thrive in competitive markets. Together, we are unlocking new revenue streams for our clients while enhancing their operational efficiency and customer satisfaction.”

This strategic collaboration enables Increff to expand its global footprint while meeting the needs of retailers in competitive markets. It combines advanced inventory management, merchandising, and logistics into one seamless solution, ensuring an optimized and efficient experience for global retailers.

Enhanced Value Through Innovation

With Easyship as its preferred global shipping partner, Increff reinforces its mission to deliver intelligent solutions that improve operational efficiency and elevate the customer experience.

“Partnering with Increff enables us to combine our powerful multi-carrier shipping tools with cutting-edge inventory management, creating a seamless experience for retailers looking to expand globally,” said Tommaso Tamburnotti, Co-Founder of Easyship. “This partnership exemplifies the close synergy between effective inventory management and worldwide logistics technology, enabling retailers to grow faster while streamlining their operations.”

Start Saving On Shipping Costs

Retailers already using Increff’s WMS can now access Easyship’s global courier network, enabling faster delivery to locations like the United States and Canada while saving up to 91% on shipping and fulfillment costs. These benefits demonstrate how the partnership addresses critical challenges for retailers expanding their reach and improving their operational workflows.

NRF 2025 Partnership Launch

The program will officially launch at NRF 2025, with full integration and product availability expected later in the year. Retailers can visit the Increff booth at the annual National Retail Federation’s ‘Retail’s Big Show’ expo for live demonstrations of the new partnership’s capabilities.

About Increff

Increff is a leading retail technology company specializing in solving complex inventory management and supply chain challenges for retailers. With AI-powered merchandising and cloud-hosted omnichannel solutions, Increff helps brands optimize inventory, improve sales performance, and make data-driven decisions. The company’s solutions currently serve over 700 global brands across diverse retail categories, from fashion and electronics to consumer packaged goods.

For more information, visit: www.increff.com

About Easyship

Easyship is a global shipping platform that empowers businesses of all sizes to simplify fulfillment, save on shipping costs, and enhance customer delivery experiences. Trusted by tens of thousands of merchants worldwide, Easyship offers retailers access to a global network of over 550 courier services with discounted rates and advanced shipping and productivity tools to compare carriers, print labels, track shipments, and automate pick and pack processes.

For more information, visit: www.easyship.com

Media Contact

Tommaso Tamburnotti, Easyship, 44 44 7724256658, press@easyship.com, https://www.easyship.com/developers

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SOURCE Easyship

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Skyee Receives In-Principle Approval (IPA) for Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS)

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Skyee Pte. Ltd. (“Skyee”) is excited to announce that it has been granted In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China, Europe, North America and North Asia. If obtained, the MPI license will allow Skyee to service its Singapore market, further enhancing the payment experience for cross-border sellers, streamlining payment processing, increasing efficiency, and reducing operational costs through Account Issuance, Domestic Money Transfer, Cross-border Money Transfer, Merchant Acquisition, and e-Money services.

Skyee Group, established in 2016, has consistently adhered to its mission of “linking the global financial network, building a new payment system, and providing all-around convenience for cross-border fund transfers.” Skyee’s receipt of the IPA from MAS underscores its strong reputation as a responsible digital financial technology company. By continuously optimizing its products and services, Skyee Group has secured strategic investment from Lakala Payment Group, China’s first A-share listed third-party payment company, and has become a member of its group.

Kozen Tan, CEO of Skyee Singapore has spearheaded and actively drive the acquisition of this license and stated, “Being granted this IPA from the Monetary Authority of Singapore is a big milestone for Skyee, especially as we expand our reach and payment services across geographical borders, solidifying our position in one of the most significant financial markets globally”.

This announcement follows Skyee Group track record and contributions to the emerging internet-based global financial system, further cementing its position as a trusted and well-regulated operator.

About Skyee: Based in Guangzhou, China, Skyee is a cross-border payment technology company with offices in Hangzhou, Shenzhen, Hong Kong, Singapore, Los Angeles, London, Tokyo, and Canada. Dedicated to providing innovative payment solutions for users with cross-border funding needs. Skyee offers safe and convenient global cross-border payment services for various sizes of overseas merchants through its self-developed payment platform. Skyee provides personalized solutions for more than twenty global payment scenarios to enhance payment efficiency and user experience, meeting diverse payment needs.

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SOURCE Skyee Pte. Ltd

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KT&G Establishes Uzbekistan Corporation Strengthening Eurasian Market Competitiveness

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– Office to corporation conversion reinforces local operations heightening global competitiveness

SEOUL, South Korea, Jan. 13, 2025 /PRNewswire/ — KT&G (KRX : 033780) is establishing a corporation in Uzbekistan handing local operations for earnest market expansion and increased profitability, aiming to strengthen competitiveness in the Eurasian region.

In 2023, KT&G set up an office in Uzbekistan and entered the market with the superslim brand “ESSE”.

Through the corporation conversion of the Uzbekistan office, KT&G plans to reinforce long-term competitiveness in the Eurasian region. To increase market presence, KT&G will increase the size of the local workforce by four times, and continue to widen distribution coverage by establishing detailed operational networks.

KT&G also plans to grow “ESSE” as a major brand in the Uzbekistan market, anticipating revenue and profit growth from market expansion.

KT&G has established regional CIC’s (Company-In-Company) in Eurasia and the Asia-Pacific regions to facilitate global business expansion. KT&G currently is operating in 132 countries across the globe through six sales corporations and three branches. Going forward, KT&G will continue to expand its global corporations to support direct global operations and continue efforts to increase profitability.

A KT&G spokesperson said that “the establishment of the Uzbekistan corporation is part of the ongoing investment and innovation for the leap to a ‘Global Top-Tier.’ KT&G will continue its global growth trends by reinforcing local operations.”

 

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