Diagnostic X-Ray System Market Trends

Growth Drivers

• Technological advancements in diagnostic imaging in developed countries
  Technological advancements and substantial transformations in the medical industry are providing better and cost-effective solutions. The digital imaging process has transformed the medical field by offering better quality images, faster processing, and cost-effective advantages over conventional X-rays systems. High-tech, accurate, and more affordable diagnostic X-ray developed by key players will further boost the market growth. These are some key factors that are projected to raise the demand for diagnostic X-ray systems in the coming years.
• Rising prevalence of injuries occurring worldwide
  In 2017, about 2.8 million nonfatal injuries were recorded according to the Survey of Occupational Injuries and Illnesses (SOII).
  
  Rising numbers of injuries, accidents, severe muscle damages, bone fractures, and other muscle damages worldwide are estimated to drive the diagnostic devices and equipment market, especially the X-rays systems devices market. With the increase in number of accidents and injuries globally, the number of medical diagnostic services such as blood tests, and X-rays has further increased. Such a factor is anticipated to drive the growth of the diagnostic x-ray market.
• The growing number of diagnostic imaging procedures
  The growing cases of chronic diseases such as Alzheimer’s disease, cancer, cystic fibrosis, neurological diseases, and musculoskeletal disorders are predicted to drive the diagnostic X-ray system growth during the forecast period. Increasing patient preference towards X-rays for their non-invasive and painless diagnosis are factors further anticipated to increase the demand for diagnostic imaging procedures. Moreover, the effective diagnostic X-ray system for easy and accurate imaging outputs will boost the market growth in the coming future.

Challenges

• Risk of high radiation exposure
  According to a worldwide survey in 2015 done by NCBI on radiation overexposure accidents, it was found that around 2390 people were overexposed to radiation, out of which 190 died.
  
  The risk of high radiation exposure and its hazardous effect is estimated to hinder the market growth. The use of electromagnetic waves in diagnostic X-ray imaging procedures releases particles called 'ionizing radiation'. This radiation coming from X-ray machines carry major health hazards issues. Even low doses of radiation, in the long run, can cause cancer. Such a factor is estimated to hinder the growth of the m market during the forecast period.
• High cost associated with the installation of medical imaging modalities
  Sustainable advanced technologies come at a cost. Owing to the high price of both installation and products, the diagnostic x-ray market growth is anticipated to be restricted tremendously, thereby affecting the requirement for a diagnostic X-ray system.