Medical X-ray Market |2021 Analysis, Key Opportunities Major Players, Impact of COVID-19 and Size, Growth, Share, Regional Analysis With Global Industry Forecast To 2027, The global “medical x-ray market” size is expected to reach USD 16.86 billion by 2028. This information is published by Fortune Business Insights in its latest report, titled, “Medical X-ray Market, 2021-2028.” The report further observes that the market stood at USD 12.14 billion in 2020 and is projected to exhibit a CAGR of 4.4% between 2021 and 2028. The increasing demand for digital medical x-rays and the supportive government initiatives to create awareness among people are the factors attributed to the growth of the market in the forthcoming years.
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Market to Exhibit a Year-on-Year Growth of 2.8% in 2021 amid COVID-19
According to an article published by the ScienceDirect, overall medical imaging volume in 2020 declined by about 12.2% compared to 2019 in the United States. The declining numbers are due to the either cancelled or postponed non-COVID procedures as per the guidelines of the government agencies in 2020. However, once the situation returns to normalcy and the resumption of medical procedures across several healthcare institutions, the global market will exhibit a positive growth during the forecast period.
Medical X-ray Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
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We have categorized the market on the basis of product type, technology type, application, end-user, and region. On the basis of type, the market is bifurcated into static and dynamic. Based on technology, the market is divided into analog and digital. Furthermore, based on application, the market is segregated into dental, veterinary, cardiovascular, oncology, others. Lastly, on the basis of region, the market is segmented into North America, Latin America. Europe, The Middle East and Africa, and Asia-Pacific.
What does the Report Include?
The global medical x-ray market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
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