The medical X-ray market is likely to witness exponential growth over the forecast time period owing to rising incidences of chronic disorders, increasing cases of dental and orthopedic disorders, wide preference of analog medical X-ray systems among healthcare professionals, and availability of advanced equipment in hospital settings. Medical imaging has led to enhancements in the diagnosis as well as treatment of several medical conditions in adults and children.

X-rays are made up of radiation referred as electromagnetic waves. X-ray imaging forms pictures of the inside of the human body. These images depict body parts in different shades of black as well as white. This is mainly because different tissues tend to absorb different radiation amounts.

The most common use of x-rays is checking for fractures such as broken bones, these are also used in other ways. For instance, chest x-rays for spotting pneumonia. Mammograms utilize x-rays to look for breast cancer.

The medical X-ray market is bifurcated into various segments in terms of type, technology, portability, application, end-use, and regional landscape.

Based on type, the market is divided into analog and digital. In 2020, analog segment held more than 40% of the overall market share and is estimated to follow a strong growth over the coming time period. This anticipated growth is ascribed to the wide preference of analog medical X-ray systems by healthcare professionals.

With respect to technology, the medical X-ray market is categorized into direct radiography (DR), computed radiography (CR), and film-based radiography. The film-based radiography segment generated more than $1.5 billion market value in 2020 and is anticipated to showcase robust growth over the forthcoming time period. This estimated growth is ascribed to the rising cases of dental and orthopedic disorders.

Based on portability, the medical X-ray market is divided into portable and fixed. Among these, the fixed portability segment will witness more than 5% CAGR over the analysis timeframe. Factors such as improved diagnosis efficiency and other advantages associated with portable systems will augment the medical X-ray industry outlook.

With respect to application, the market for medical X-ray is segmented into orthopedics, cardiovascular, chest, mammography, veterinary, dental, and others. In 2020, dental application segment held around 12% market share and is likely to follow substantial growth over the coming time period. Increasing dental disorders globally will boost the segmental growth.

In terms of end-use, the overall medical X-ray market is classified into diagnostic centers, hospitals, and others. Hospitals segment, in 2020, generated a market value of more than $5 billion and is estimated to follow lucrative growth over the coming years. Availability of advanced equipment in hospital settings will foster the medical X-ray market outlook.

From a regional frame of reference, in 2020, Latin America accounted more than 6% market share and is expected to follow healthy growth over the coming years. This anticipated growth is ascribed to the rising incidences of chronic disorders across several countries of Latin America.