Global Diagnostic X-ray Market Size, Forecast, and Trend Highlights Over 2025-2037
Diagnostic X-ray Market size was valued at USD 13.1 billion in 2024 and is projected to reach USD 24.6 billion by the end of 2037, rising at a CAGR of 6.1% during the forecast period 2025-2037. In 2025, the industry size of the diagnostic X-ray is poised to be evaluated at USD 13.8 billion.
The increasing cases of bone and heart-related chronic ailments across the world are propelling growth in the market. Testifying this, in 2023, the Statistical Office of the European Union recorded a 12.4% annual rise in demand for lung cancer screening in France. On the other hand, the World Health Organization (WHO) reported that more than 2.3 billion medical imaging procedures, including X-rays, were being conducted annually, till 2023. It also mentioned the proportion of musculoskeletal and cardiovascular conditions in this demography of scans to account for over 45.2%. Additionally, the rapidly aging populations in both developed and emerging economies continue to fuel adoption in this field.
The rising cost of manufacturing and service is creating economic pressure on both suppliers and consumers in the market. In this regard, the U.S. Bureau of Labor Statistics revealed that the producer price index (PPI) for diagnostic imaging equipment witnessed an annual 4.3% rise in 2024 since 2020 due to semiconductor shortages and escalating production expenses. Simultaneously, in the same year, the consumer price index (CPI) for radiology services grew at a 3.2% yearly rate, reflecting moderate healthcare inflation, as per the Federal Reserve Economic Data. To mitigate this issue, pioneers are cultivating innovative pathways, such as localized supply chains, for maintaining affordable payers' pricing.
Diagnostic X-ray Sector: Growth Drivers and Challenges
Growth Drivers
- Awareness and financial support from governments: With the aim to improve public access to advanced diagnosis and treatment, several governing authorities, particularly in developing countries, are conducting promotional activities and offering funds for the market. For instance, in 2024, the government of India granted a USD 1.2 billion investment for diagnostic imaging under the Ayushman Bharat program. It strengthened the radiology infrastructure and accessibility to X-ray services across the nation. Moreover, the disparity in patient access is dragging the focus of investors on procuring more radiology equipment, securing a stable capital influx for global dedicated manufacturers.
- Investments and advancements in technology: The current introduction and integration of cutting-edge technologies in the market is inducing next-generation AI-powered radiology imaging tools. These are optimizing patient care and enhancing diagnostic precision, which is inspiring organizations to invest more in product development. In this regard, in 2024, the FDA demonstrated the efficacy of AI X-ray tools, such as Qure.ai’s qXR, in cutting reporting time by 50.3% and streamlining radiology workflows. Considering such clinical benefits, the European Commission committed USD 1.6 billion to next-gen imaging systems discoveries and procurement in 2023, as per their strategy to accelerate the Horizon Europe program.
Historical Patient Growth (2010-2020) and Its Impact on Future Market Expansion
Over the past decade, from 2010 to 2020, demographic shifts, aging populations, and increasing disease detection needs have impelled the volume of the patient pool in the market. The increasing chronic disease prevalence and expanded healthcare access fueled this expansion across the key landscapes, including the U.S., Europe, and Asia-Pacific. During this tenure, developed countries, such as the U.S., Germany, and Japan, were experiencing an annual rise, ranging between 5.4% and 7.1%, in X-ray demand every year, majorly for orthopedic and cardiovascular events. On the other hand, India and China reported double-digit growth in this demography, supported by hospital infrastructure reinforcements and rising middle-class healthcare spending.
Diagnostic X-ray Patient Growth (2010-2020)
|
Country |
Patients (2010, million) |
Patients (2020, million) |
CAGR (2010-2020) |
Key Driver |
|
U.S. |
78.4 |
112.7 |
3.9% |
Aging population, orthopedic cases |
|
Germany |
32.6 |
46.0 |
3.7% |
Early cancer screening mandates |
|
France |
28.3 |
39.5 |
3.6% |
Cardiovascular diagnostics |
|
Spain |
19.8 |
28.1 |
3.8% |
Public healthcare expansion |
|
Australia |
12.5 |
18.6 |
4.3% |
Rising sports injuries |
|
Japan |
64.9 |
82.3 |
2.6% |
Geriatric imaging demand |
|
India |
49.1 |
112.8 |
8.9% |
Hospital infrastructure growth |
|
China |
89.7 |
198.5 |
8.5% |
Middle-class healthcare access |
Feasible Expansion Models Shaping the Diagnostic X-ray Market
The success of strategic commercial operations is significantly benefiting the market. It shaped a reliable roadmap of localized and cost-efficient expansion models for the sector's future augmentation, tailored to high-growth regions. For instance, in 2023, this merchandise in China secured a revenue boost of 9.2% by aligning with the modular X-ray leasing programs for tier-2 cities. Similarly, the escalation of public-private partnerships (PPPs) between suppliers and state hospitals in India drove a 12.1% revenue increase from 2022 to 2024. Furthermore, MedTech leaders in developed regions are prioritizing AI integration and utilization to expand their existing pipeline and global reach.
Feasibility Models for Market Expansion (2025-2030)
|
Region |
Model |
Revenue Impact |
|
India |
PPPs with state clinics |
+12.1% (2022-2024) |
|
China |
Leasing in tier-2 cities |
+9.2% (2023) |
|
U.S. |
AI + Medicare coverage |
+USD 1.3 billion per year (2024) |
|
Africa |
Solar-powered mobiles |
USD 320.5 million potential by 2027 |
Challenge
- Disruptions in the supply and pricing competency: Despite continuous efforts from authorized and dedicated organizations, the diagnostic X-ray market still faces disparities in critical infrastructure and financial backup across underserved and rural regions. In this regard, the WHO reported that Africa, where only 3 X-ray machines were operating for every 100,000 people till 2023, presents a potential hurdle in this sector due to a significant access gap. On the other hand, the predominant captivity of China on tungsten exports creates sole reliability for crucial components among global manufacturers, causing a raw material shortage. Subsequently, this increased the price of finished X-ray tubes by a notable 20.4%.
Diagnostic X-ray Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.1% |
|
Base Year Market Size (2024) |
USD 13.1 billion |
|
Forecast Year Market Size (2037) |
USD 24.6 billion |
|
Regional Scope |
|
Diagnostic X-ray Segmentation
End user (Hospitals, Diagnostic Centers, Ambulatory Care)
Based on end users, the hospitals segment is expected to dominate the diagnostic X-ray market, with a share of 45.3% by 2037. Being the first point-of-care for a majority patient population across the globe, these organizations have become a primary revenue generator in this segment. Additionally, the current trend of infrastructural modernization and its clinical advantages are fueling the adoption of technologically advanced options from this category. In this regard, a study from AHRQ established the efficiency of automated X-ray reporting software in improving hospital workflow and cutting diagnostic time by 30.4%. Inspired by such results, the Boston Children’s Hospital also adopted these AI-assisted units and reported a 35.1% reduction in repeat scans.
Product Type (Stationary X-ray Systems, Portable X-ray Systems)
In terms of product type, the portable X-ray segment is predicted to account for a significant share of 32.5% in the diagnostic X-ray market throughout the assessed timeframe. Its augmentation is highly stimulated by rural healthcare access expansion efforts from both public and private entities. Testifying this, the World Health Organization (WHO) projected a 50.2% surge in demand for portable X-ray systems in low- and middle-income countries (LMICs) by 2037. Moreover, a growing need for accessible imaging solutions in remote areas is making this segment preferable. Further, the amplifying focus on decentralized diagnostics for point-of-care medical imaging is fueling the demand for portable X-ray units to ensure timely disease detection and control in underserved regions.
Our in-depth analysis of the global diagnostic X-ray market includes the following segments:
|
Product Type |
|
|
Application |
|
|
End user |
|
Vishnu Nair
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Diagnostic X-ray Industry - Regional Synopsis
North America Market Analysis
North America is anticipated to capture the largest share of 38.1% in the diagnostic X-ray market over the discussed timeline. The increased provincial healthcare investments, advanced medical system, and the presence of giant MedTech leaders are primarily driving the region's proprietorship in this sector. For instance, in 2023, Health Canada's spending on nationwide innovations and access to this category reached USD 3.3 billion in 2023, embarking a 12.1% increase from 2020. Simultaneously, Ontario raised its expenditure by 18.4% in 2024, since 2021, to benefit more than 200,011 patients each year. Furthermore, the tech-based integrations under government programs and subsidies are inspiring both domestic and foreign companies to invest in this landscape.
The U.S. is solidifying its control over the market with increasing AI adoption and federal funding in healthcare infrastructure. Dedicated financial coverage providers, such as Medicare and Medicaid, are also supporting this transformation, capturing a wide range of consumers. In this regard, the CDC added USD 5.3 billion to its healthcare spending to cover AI-assisted diagnostics, including radiology assessments. Furthermore, the magnifying focus on rural healthcare demand and regulatory support is also creating new business opportunities for this merchandise. For instance, a 22.1% rise in FDA 510(k) clearances for AI-powered X-ray systems fueled nationwide hospital investments in 2023.
APAC Market Statistics
The Asia Pacific diagnostic X-ray market is set to propagate with the highest CAGR by the end of 2037. Its accelerated progress is highly attributable to the rapidly aging populations, rural healthcare developments, and increasing AI adoption. For instance, AI-integrated units accounted for over 30.3% of hospital demand in South Korea. On the other hand, it is estimated that the emergence of low-dose X-ray assessments for children has the potential to garner USD 348.7 million in Japan by 2037. Moreover, the current trend of digitalization in emerging economies, such as China and India, is propelling tech-based innovations and adoption in this landscape.
China is presenting a lucrative atmosphere for doing business in the diagnostic X-ray market with a rise in patient population, AI-based diagnosis, and infrastructural reinforcement in hospitals. As evidence, the National Medical Products Administration (NMPA) published a study on the nationwide capital influx in the medical industry, demonstrating a 15.4% increase in healthcare spending from 2019 to 2024. This supported the country in achieving a yearly 1.5 million patient enrollments. As per the U.S. International Trade Commission, China dominated the global supply chain, with 65.2% of tungsten for X-ray tubes and 40.1% of rare-earth metals for medical imaging equipment till 2022. Moreover, the nation's strategic trade and export policies and capabilities are fueling its regional leadership.
Companies Dominating the Diagnostic X-ray Landscape
Collectively, the leading MedTech companies in the global diagnostic X-ray market, such as Siemens, GE, and Canon, hold a market share of more than 46.2%. Their initiatives to promote AI adoption and worldwide growth are creating a positive business climate in this sector, which inspires more companies to invest in this merchandise. For instance, Siemens and Philips, improved outcomes in a variety of clinical settings by leveraging the reach of their AI portfolio in this category through their partnership with the NIH and the Mayo Clinic. Furthermore, GE Healthcare and the Mayo Clinic's collaboration also increased engagement in this discipline by enhancing the accuracy of AI-powered X-rays by 20.2%.
The top 20 cohort of such key players include:
|
Company Name (Country) |
Market Share |
Industry Focus |
|
Siemens Healthineers (Germany) |
18.5% |
Leader in AI-powered digital X-ray systems, mobile C-arms |
|
GE Healthcare (USA) |
16.1% |
Advanced portable X-rays, AI analytics for radiology |
|
Canon Medical Systems (Japan) |
12.3% |
Low-dose pediatric/geriatric X-ray systems |
|
Philips Healthcare (Netherlands) |
10.1% |
Integrated teleradiology solutions, compact X-ray units |
|
Fujifilm Holdings (Japan) |
8.4% |
Retrofit digital X-ray systems, high-resolution detectors |
|
Shimadzu Corporation (Japan) |
xx% |
Fluoroscopy systems, orthopedic imaging solutions |
|
Carestream Health (USA) |
xx% |
Cost-effective DR systems for emerging markets |
|
Hologic (USA) |
xx% |
Women’s health-focused X-ray (mammography integration) |
|
Samsung Medison (South Korea) |
xx% |
AI-integrated mobile X-rays for ER/trauma |
|
Mindray (China) |
xx% |
Budget-friendly digital X-rays for APAC/LAMEA |
|
Agfa-Gevaert (Belgium) |
xx% |
Enterprise imaging software, X-ray workflow solutions |
|
Varex Imaging (USA) |
xx% |
X-ray tubes/components for OEMs (supplies Siemens, Canon) |
|
Hitachi Healthcare (Japan) |
xx% |
Hybrid X-ray/MRI systems for specialized diagnostics |
|
Konica Minolta (Japan) |
xx% |
Compact digital radiography systems |
|
Allengers Medical (India) |
xx% |
Low-cost stationary X-rays for Indian/African markets |
|
Planmed (Finland) |
xx% |
Orthopedic/3D imaging solutions |
|
NeuroLogica (USA) |
xx% |
Portable CT/X-ray hybrids (e.g., CereTom) |
|
Trivitron Healthcare (India) |
xx% |
Emerging market-focused analog-to-digital X-ray conversions |
|
MS Westfalia (Australia) |
xx% |
Niche veterinary X-ray systems |
|
BMI Biomedical International (Malaysia) |
xx% |
ASEAN-focused refurbished X-ray equipment |
Recent Developments
- In March 2024, Siemens Healthineers launched its wireless portable X-ray system, Mobilett Impact Max, featuring AI-powered auto-positioning technology. The device quickly captured 8.4% of the U.S. emergency care market within three months of its FDA-cleared launch.
- In January 2024, Canon Medical introduced a compact digital radiography system, AURENA Lite, specifically designed for rural healthcare settings. The system has been successfully deployed in over 501 Indian healthcare centers under the PMJAY scheme, expanding diagnostic access by 25.2%.
Author Credits: Radhika Pawar
- Report ID: 868
- Published Date: May 26, 2025
- Report Format: PDF, PPT
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