Medical X-ray Image Processor Market (By Product: Cassette, Flat Panel Detectors; By Application: Dental, Mammography, Orthopedic, Others; By End-use) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global medical X-ray image processor market was valued at USD 844.81 million in 2022 and it is predicted to surpass around USD 1,046.09 million by 2032 with a CAGR of 2.16% from 2023 to 2032.

Key Pointers

• The cassette segment dominated the market with a market share of 52.92% in 2022. The dominance can be attributed to the presence of more traditional X-ray systems globally. 
• Flat panel detectors segment is projected to impel at the fastest CAGR of 2.83% over the forecast duration.
• The orthopedic segment is expected to have a market share of 42.61% in 2022. 
• The dental segment is projected to witness a growth rate of 2.15% over the forecast period. The growth rate can be attributed to the increasing number of dental surgeries and rising dental cases globally. 
• The hospitals segment dominated the market with a market share of 47.14% in 2022. This can be attributed to the expanding hospital sector, increased orthopedic surgery rates, and an expanding patient base across all age categories. 
• The outpatient facilities segment is projected to witness the fastest growth rate of 2.42% during the forecast years. 
• North America dominated the medical X-ray image processor industry in 2022, with a market share of 32.56%. 
• Asia Pacific is projected to witness the fastest growth rate of CAGR of 3.27% during the forecast period. The growth rate can be accredited to growing medical tourism, increasing demand for technologically advanced imaging devices, increasing surgical procedures, and the growing geriatric population.

Report Scope of the Medical X-ray Image Processor Market

The market growth can be attributed to the growing number of minimally invasive procedures, increasing number of surgeries, and rising number of dental procedures.

Moreover, in the upcoming years, the market for medical X-ray image processors is anticipated to expand as a result of factors including the rising incidence of chronic diseases, traumatic events such as accidents, and the advancement of new imaging technologies. For instance, as per Brake, around 1.35 million people die of road accidents, whereas, road crashes lead to around 20 – 50 million non-fatal injuries every year. This may increase the usage of X-rays, thereby impelling the market for X-ray image processors.

The market is also anticipated to gain from the growing use of digital imaging technologies, which have various advantages over older film-based imaging techniques. In addition, the rising number of dental procedures may further grow the demand for medical X-ray image processors. For instance, according to the National Institute of Dental and Craniofacial Research, every year around 53,000 people in the U.S. alone are diagnosed with oral cancer, and many of them require a surgical procedure to remove cancer. Hence, a rising number of dental surgical cases are expected to drive the X-ray image processor market over the coming year. Additionally, according to American Dental Association (ADA), 15 million root canal procedures are performed in the United States each year which may further boost the X-ray image processor market.

Product Insights

The cassette segment dominated the market with a market share of 52.92% in 2022. The dominance can be attributed to the presence of more traditional X-ray systems globally. Moreover, traditional X-ray systems are cost-effective and easily available. Additionally, the high cost of digital X-ray systems, is expected to limit its use in under-developed countries, where the use of traditional X-rays is anticipated to be more. Thus, as a result of the aforementioned factors, the cassette segment is expected to have a considerable growth rate over the forecast period.

However, flat panel detectors segment is projected to impel at the fastest CAGR of 2.83% over the forecast duration. The increasing adoption of digital X-ray systems in developing and developed countries is expected to boost the flat panel detector segment. Moreover, as these systems are more efficient, have high capability of rapid image viewing, and are more compact, the use of digital X-ray systems is expected to grow in near future. As digital X-ray systems use flat panel detectors, the segment is anticipated to witness lucrative growth over the forecast period.

Application Insights

The orthopedic segment is expected to have a market share of 42.61% in 2022. X-ray systems are used in many of the orthopedic practices such as diagnosis & treatment of bone & joint conditions. Some of the most common uses of X-ray systems in orthopedics include:

• Fracture diagnosis: X-rays can be used to determine whether a bone is broken or not. This is important for diagnosing fractures and determining the severity of the fracture
• Joint problems: X-rays can also be used to diagnose joint problems such as osteoarthritis, rheumatoid arthritis, and gout
• Bone tumors: X-rays can help identify bone tumors and determine their location and size
• Pre-operative planning: X-rays are also used in pre-operative planning to help surgeons visualize the bone and joint structures and plan the surgical approach
• Post-operative evaluation: After a surgical procedure, X-rays are used to evaluate the success of the surgery and ensure that the bone is healing properly

Moreover, the increasing number of orthopedic surgical cases is expected to increase the usage of X-ray systems. For instance, as per Regenexx, around 7.0 million orthopedic surgeries are performed every year in the U.S. alone. This may help the segment's growth over the forecast period.

The dental segment is projected to witness a growth rate of 2.15% over the forecast period. The growth rate can be attributed to the increasing number of dental surgeries and rising dental cases globally. Below given are some examples where X-ray systems are used:

• Detecting cavities: X-rays are used to detect cavities that are not visible to the naked eye, particularly in the early stages.
• Evaluating the health of the tooth roots: X-rays allow dentists to see the roots of teeth and the bone surrounding them. This helps to identify any infections, abscesses, or bone loss.
• Assessing the need for orthodontic treatment: X-rays are used to assess the position and development of teeth, jawbone, and soft tissue in the mouth. This helps dentists to determine if orthodontic treatment is necessary.
• Planning dental implants: X-rays are used to determine the appropriate placement of dental implants, ensuring that they are inserted into the jawbone correctly.

As the number of people suffering from cavities is increasing the use of X-ray systems is expected to grow. For instance, according to CDC, among adults aged more than 20, 90% have at least one cavity. Similarly, as per WHO, in the U.S. around 26.0% of the population have an untreated dental cavity. Thus, as a result of the aforementioned factors, the segment is expected to witness significant growth over the forecast duration.

End-use Insights

The hospitals segment dominated the market with a market share of 47.14% in 2022. This can be attributed to the expanding hospital sector, increased orthopedic surgery rates, and an expanding patient base across all age categories. For instance, the India Brand Equity Foundation estimates that by 2023, India's hospital industry will account for around 80.0% of the country's total healthcare market, with a value of USD 132 billion. Moreover, there are more orthopedic surgery cases worldwide. This is expected to raise demand for medical X-ray image processors globally.

The outpatient facilities segment is projected to witness the fastest growth rate of 2.42% during the forecast years. Outpatient facilities segment consists of ambulatory surgery centers, specialized clinics like dental clinics, and diagnostic labs like pathology and imaging centers. Diagnostic labs provide a comprehensive range of diagnostic and preventative health services. Moreover, as per United Healthcare, hospital facilities charge up to 165% more than that of diagnostic imaging centers, as a result, more people are expected to visit outpatient facilities. Therefore, as a result of the aforementioned factors, the outpatient facilities segment is anticipated to witness a significant growth rate.

Regional Insights

North America dominated the medical X-ray image processor industry in 2022, with a market share of 32.56%. This can be credited to the rising number of surgical procedures, presence of major market players. This can be attributed to the presence of major service providers and the rising number of surgical procedures in the North America region. For instance, as per Canadian Medical Protective Association Similarly, every year around 1 million surgical procedures are performed in Canada, whereas, as per Canadian Institute for Health Information (CIHI), in 2019-2020, there were over 687,000 surgical and other therapeutic procedures performed on bones, joints and connective tissues in Canada. Such instances are expected to help the region dominate medical X-ray image processor market.

However, Asia Pacific is projected to witness the fastest growth rate of CAGR of 3.27% during the forecast period. The growth rate can be accredited to growing medical tourism, increasing demand for technologically advanced imaging devices, increasing surgical procedures, and the growing geriatric population. Additionally, many major players in this market are expanding their portfolio in this region, which is further expected to help the medical X-ray image processor industry impel across the Asia Pacific region.

Medical X-ray Image Processor Market Segmentations:

By Product

• Cassette
• Flat Panel Detectors

By Application

• Dental
• Mammography
• Orthopedic
• Others

By End-use

• Hospitals
• Outpatient Facilities
• Research & Manufacturing

By Regional

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait