Medical X-Ray Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 0.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical X-Ray Films Market Analysis
The global medical X-ray films market was valued at USD 947.2 million in 2020, and it is expected to reach USD 993.60 million at a CAGR of over 0.8% during the forecast period (2021 - 2026). The report is segmented by end user and region. The increasing occurrences of chronic diseases, coupled with the rising number of diagnostic imaging procedures and significant spending on healthcare across the world, have been instrumental in driving the global medical X-ray films market.
X-ray techniques have been useful in the detection treatment of neurological problems, cancer, cardiac diseases, and bone-related problems. This has buoyed the adoption of X-ray equipment, and consequently the use of X-ray films.
Increase in number of radiography tests performed in hospitals, globally, each year, is one of the major factors pushing the demand for Medical X-ray Film, whereas the emergence of new and advanced-imaging equipment by key market players, like Kodak, Fuji, especially in a developed economy is expected to affect the market growth negatively. However, owing to the high equipment cost of the advanced equipment, hospitals in emerging economies are still working on analog radiography aiding the X-ray film market to grow in these regions.
The global X-ray equipment market is among the most adopted forms of medical imaging diagnostics. While there has been an increasing adoption of digital X-ray equipment, the FPD-FFDM for mammography uptake in emerging regions is relatively low, with few healthcare providers being able to purchase the costly equipment.
The emerging economies of Brazil, Turkey, India, and China have been among the largest adopters of analog X-ray equipment. While, these countries have been well informed of the newest digital equipment, yet a majority of the hospitals have been reluctant to update their existing equipment, owing to the capital investment already made. Furthermore, the lack of skilled personnel to use and manage digital X-ray equipment has also hindered their adoption in these regions.
The dental applications are expected to be slow adopters of the digital equipment, owing to the high cost of digital radiography systems for these applications, positively impacting the market for X-ray equipment and films. However, the evolution and adoption of digital X-ray systems and flat panel detectors instead of films that deliver a user-friendly, smart workflow for imaging centers have posed a major threat to the X-ray films market.
Medical X-Ray Films Market Trends
This section covers the major market trends shaping the Medical X-ray Films Market according to our research experts:
Diagnostic Centers Segment is Expected to Register a Significant Growth
While the market landscape for X-ray equipment market is defined by established players, such as GE and Fujifilm, the X-ray film market is fragmented with a large number of global and local players in each region. Major players are investing in emerging countries to gain a strong foothold on the market.
For instance, in 2018, Dalian Wanda Group Co. Ltd announced to invest USD 10 billion in a health park in China. This investment is expected to be done after the government eases the norms for FDI in the Chinese private healthcare sector. However, the growing collaboration between developing and developed economies in the diagnostic industry is expected to increase the number of diagnostic centers, which is further estimated to affect the market studied positively.
Asia-Pacific Region is Expected to Have Highest Growth
Asia-Pacific still relies on traditional X-ray solutions significantly. Due to the region’s increasing population and the number of patients suffering from ailments, who should be diagnosed or managed through the use of CT, the use of X-rays is on the rise. This growing pool of patients has led to the high demand for medical imaging. In the Asia-Pacific region, hospitals play a crucial role in medical diagnostics. In China, the number of hospitals is on the rise. The National Bureau of Statistics of China reported an increase in the number of hospitals in the country, from 23,170 hospitals in 2012 to 29,140 hospitals in 2016.
Moreover, in India, according to the World Bank, 77% of the healthcare industry was occupied by hospitals and 3% by the diagnostic centers in 2016. Thus, the region still has a high dependency on hospitals for diagnostics and medical imaging solutions. The American Cancer Society reported a huge rise in breast cancer cases in the country, from 192,370 breast cancer cases in 2008 to 266,120 cases in 2018. With this, death toll from breast cancer increased from 40,170 deaths in 2009 to 40,920 deaths by the end of 2018.
The country, however, is tackling this concern by initiating programs, such as the National Cancer Screening Programme of 2016, which made screening for oral, breast, and cervical cancers mandatory in people over the age of 30 in 100 districts of India before the program expands to other areas.
Medical X-Ray Films Industry Overview
The global medical X-ray films market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent market shares are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and their profitability.
Furthermore, the companies operating in the market are also acquiring start-ups working on medical X-ray films to strengthen their product capabilities. For instance, In August 2017, Codonics Inc. and Plexus Technology Group LLC (Plexus TG), a market-leading, best-of-breed provider of Anesthesia Information Management Systems (AIMS), strengthened their partnership by elevating Plexus TG to a value-added reseller for Codonics Safe Label System (SLS).
Medical X-Ray Films Market Leaders
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Agfa-Gevaert NV
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Konica Minolta Inc.
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Fujifilm Holdings Corporation
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Flow Dental
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Sony Corporation
*Disclaimer: Major Players sorted in no particular order
Medical X-Ray Films Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
- 4.3.1 Continued Adoption of Traditional X-ray Equipment in Developing Economies
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4.4 Market Restraints
- 4.4.1 Emergence of Digital Radiography and Flat Panel Detector Technology
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4.5 Industry Attractiveness Porter's Five Forces Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By End User
- 5.1.1 Diagnostic Centers
- 5.1.2 Hospitals
- 5.1.3 Research and Educational Institutions
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 France
- 5.2.2.3 Spain
- 5.2.2.4 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 India
- 5.2.3.2 China
- 5.2.3.3 Japan
- 5.2.4 Latin America
- 5.2.4.1 Mexico
- 5.2.4.2 Brazil
- 5.2.4.3 Rest of Latin America
- 5.2.5 Middle-East & Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 United Arab Emirates
- 5.2.5.3 South Africa
- 5.2.5.4 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Agfa-Gevaert NV
- 6.1.2 Konica Minolta Inc.
- 6.1.3 Fujifilm Holdings Corporation
- 6.1.4 Flow Dental
- 6.1.5 Sony Corporation
- 6.1.6 Carestream Health Inc.
- 6.1.7 Skydent AS
- 6.1.8 Codonics Inc.
- 6.1.9 Foma Bohemia Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Investment Analysis
Medical X-Ray Films Industry Segmentation
| By End User | Diagnostic Centers | |
| Hospitals | ||
| Research and Educational Institutions | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Geography | Latin America | Mexico |
| Brazil | ||
| Rest of Latin America | ||
| Geography | Middle-East & Africa | Saudi Arabia |
| United Arab Emirates | ||
| South Africa | ||
| Rest of Middle-East & Africa |
Medical X-Ray Films Market Research FAQs
What is the current Medical X-Ray Films Market size?
The Medical X-Ray Films Market is projected to register a CAGR of 0.6% during the forecast period (2024-2029)
Who are the key players in Medical X-Ray Films Market?
Agfa-Gevaert NV, Konica Minolta Inc., Fujifilm Holdings Corporation, Flow Dental and Sony Corporation are the major companies operating in the Medical X-Ray Films Market.
Which is the fastest growing region in Medical X-Ray Films Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical X-Ray Films Market?
In 2024, the Asia Pacific accounts for the largest market share in Medical X-Ray Films Market.
What years does this Medical X-Ray Films Market cover?
The report covers the Medical X-Ray Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical X-Ray Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical X Ray Films Industry Report
Statistics for the 2024 Medical X Ray Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical X Ray Films analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
