X-ray Market Forecast Will Generate New Growth Opportunities in Upcoming Year

New Medical Imaging Technologies Create Opportunities for Companies in X-ray Market

The advantages of 3D color X-rays are grabbing the attention of stakeholders in the healthcare industry. This novel technique has been built by scientists of Mars Bioimaging-a manufacturer of small bore spectral CT (Computed Tomography) scanners for pre-clinical medical research at the University of Canterbury, New Zealand, in order to facilitate taking pictures of the internal tissues that interact with bones. This explains why the X-ray market stood at ~US$ 11 Bn in 2019.

The concept of digital X-ray is engulfing the market landscape. As such, the revenue of digital technology is projected for aggressive growth during the forecast period and dictates the highest revenue among all technologies in the market. Hence, world-class high-technology corporation ADANI is increasing its production capabilities to develop a product line of low-dose digital X-ray imaging systems for chest and breast screening. As such, the revenue of mammography is predicted for exponential growth during the forecast period.

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Cost-efficiency of CT Scanners with Single Chip-photosensor Array and ADC Gain Recognition

There is a growing demand for low-cost CT medical imaging. Hence, companies in the X-ray market are aiming to make CT scanners more affordable and readily available all over the world. For instance, ams AG, formerly known as austriamicrosystems AG-an innovator in advanced sensor solutions, has announced the launch of AS5950, a unique CMOS (Complementary Metal Oxide Semiconductor) device that combines photosensor array with ADC (Analog-to-Digital Converter) to reduce complexity and deploy low-cost CT medical imaging.

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Companies in the X-ray market are increasing their R&D activities to fuel the availability of CT scanners that are sustainably more affordable. They are delving into opportunities to develop improved CT detectors that facilitate more detailed images at low system cost. New-age CT scanners are developed to overcome the hurdles in assembly and manufacturing of an X-ray detector. As such, the medical imaging sector for 8- and 16-slice CT scanners is projected for robust growth during the forecast period. Hence, companies are integrating photodiodes and ADCs in a single chip to make CT scanners more financially viable.

Companies Extend Radiographic Support Solutions amidst COVID-19 Crisis

In support of the global medical community’s ever-evolving COVID-19 (Coronavirus) crisis, companies are increasing their efficacy in radiographic support solutions. For instance, on March 24, 2020, Dexcowin— a supplier of cutting-edge portable handheld X-ray systems, announced the launch of its COVID-19 radiographic support solutions that help to overcome ergonomic limitations of conventional, fixed x-ray imaging systems. As such, the market share of portable X-ray products is anticipated to take a leap from ~46% in 2018 to ~49% by 2027 in the X-ray market.

Manufacturers are channelizing their concentrated attention toward increasing their production capabilities to develop advanced portable and battery-operated handheld X-ray technologies that meet the needs of clinicians. They are increasing their focus in dental and forensics communities to generate revenue streams. As such, the revenue of dental application segment is estimated for exponential growth in the X-ray market.