Market Size of Medical X-Ray Films Industry
| 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 Industry Segmentation
| By End User | |
| Diagnostic Centers | |
| Hospitals | |
| Research and Educational Institutions |
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Medical X-Ray Films Market Size Summary
The global medical X-ray films market is experiencing growth driven by the increasing prevalence of chronic diseases and the rising number of diagnostic imaging procedures worldwide. This growth is further supported by significant healthcare spending, which has bolstered the demand for X-ray films. X-ray techniques are crucial in diagnosing and treating various medical conditions, including neurological issues, cancer, cardiac diseases, and bone-related problems. Despite the emergence of advanced digital imaging equipment, the high cost and lack of skilled personnel in emerging economies have sustained the demand for analog X-ray films in these regions. The dental sector's slow adoption of digital equipment due to cost concerns also contributes to the continued relevance of X-ray films.
The market landscape is characterized by a mix of established players and a fragmented presence of global and local companies. Major players are investing in emerging markets to expand their foothold, while collaborations between developed and developing economies are expected to increase the number of diagnostic centers, positively impacting the market. The Asia-Pacific region, with its reliance on traditional X-ray solutions and a growing patient population, is witnessing increased demand for medical imaging. The competitive nature of the market is evident as companies focus on strategic collaborations and acquisitions to enhance their product offerings and market share.
Medical X-Ray Films Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Continued Adoption of Traditional X-ray Equipment in Developing Economies
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1.4 Market Restraints
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1.4.1 Emergence of Digital Radiography and Flat Panel Detector Technology
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1.5 Industry Attractiveness Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By End User
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2.1.1 Diagnostic Centers
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2.1.2 Hospitals
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2.1.3 Research and Educational Institutions
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 France
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2.2.2.3 Spain
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2.2.2.4 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 India
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2.2.3.2 China
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2.2.3.3 Japan
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2.2.4 Latin America
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2.2.4.1 Mexico
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2.2.4.2 Brazil
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2.2.4.3 Rest of Latin America
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2.2.5 Middle-East & Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 United Arab Emirates
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2.2.5.3 South Africa
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2.2.5.4 Rest of Middle-East & Africa
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Medical X-Ray Films Market Size 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.
