Increasing Healthcare Expenditure Driving X-Ray Imaging Market
The global X-ray imaging market is projected to grow at a significant rate in the coming years, which is attributed to the increasing healthcare expenditure, rising geriatric population, technological advancements in X-ray imaging, growing prevalence of chronic diseases, and surging need for diagnostic imaging procedures. Medical X-rays are utilized for generating images of tissues and structures inside the body. On the basis of portability, the market is bifurcated into portable and stationary. Between these, the stationary division is expected to dominate the market in the coming years.
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In terms of application, the X-ray imaging market is categorized into mammography, orthopedic X-ray, dental, chest X-ray, and others. Out of these, the orthopedic application held the largest revenue share of the market in the past and is expected to retain its position in the coming years as well. Orthopedic X-ray is utilized for the identification of degenerative joint conditions, osteomyelitis, fracture, structural abnormalities, and for the follow up of joint replacement. The fastest growth is predicted to be registered by the chest X-ray division in the near future.
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The rising requirement for diagnostic imaging procedures is another major driving factor of the X-ray imaging market. Several governments are running awareness programs for educating people regarding chronic diseases, particularly lung cancer, breast cancer, and tuberculosis. The availability of advanced diagnostic systems has made it possible for the healthcare providers to diagnose various diseases, including osteomyelitis and rheumatoid arthritis. Diagnostic imaging enhances healthcare quality and decreases healthcare cost by shortening recovery time and avoiding unnecessary invasive procedures. Additionally, individuals are becoming more aware regarding the symptoms of diseases, thus leading to the need for diagnostic imaging.
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