X-Ray Machine Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Top X Ray Machine Manufacturers & Companies. The market is segmented by Product Type (Stationary and Portable), Technology (Digital and Analog), End-user (Healthcare, Transportation and Logistics, and Government), and Geography.

X Ray Machine Manufacturing Market Size

X-ray Machine Manufacturing Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 17.70 Billion
Market Size (2029) USD 23.35 Billion
CAGR (2024 - 2029) 5.69 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

X-ray Machine Manufacturing Market Major Players

*Disclaimer: Major Players sorted in no particular order


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X Ray Machine Manufacturing Market Analysis

The X-ray Machine Manufacturing Market size is estimated at USD 17.70 billion in 2024, and is expected to reach USD 23.35 billion by 2029, growing at a CAGR of 5.69% during the forecast period (2024-2029).

  • The global aging population and commercialization of new, improved, and technologically advanced x-ray machines are expected to fuel the demand.
  • The x-ray machine manufacturing market is analyzed to witness substantial growth in the coming years owing to the increasing investments in R&D of advanced diagnostic machines coupled with growing demand from various healthcare organizations across the world. Moreover, the rising incidence of cardiovascular, respiratory, gastrointestinal, genitourinary, and several other disorders is one of the major driving factors.
  • In addition to the above factors, the rising security concerns related to consecutive threats and activities, such as illegal arms shipping and drug trafficking, are the other key factors driving the demand for x-ray security screening systems. The factor above is, thereby, contributing to the higher adoption rate of X-ray machines.
  • The healthcare industry is gradually shifting from analog x-ray equipment to digital x-ray systems. The change from analog to digital x-ray equipment is attributed to digital systems' reduced radiation dosage, increased picture quality, and better outcomes with less downtime. Due to the advantages of digital x-ray systems over analog or CR systems, hospitals and other healthcare institutions are emphasizing their installation. Because government payment reforms have aided the transition of analog x-ray systems to digital x-ray systems, healthcare facilities prioritize installing digital x-ray systems, among others.
  • However, on the other hand, high equipment costs and the risk of radiation exposure from the x-ray machines might hinder the medical x-ray segment's growth to some extent in the foreseeable future.
  • COVID-19 significantly increased market activity. This was due to the pandemic's large and unprecedented surge in global health issues. The pandemic raised the demand for medical imaging services from all around the globe. Home care organizations and manufacturers worldwide shifted their attention to the availability of emergency and non-medical support services. On the other hand, manufacturers experienced minimal sales due to supply chain constraints.

X Ray Machine Manufacturing Market Trends

Healthcare Sector is Expected to Hold a Significant Market Share

  • The healthcare industry is expected to witness growth in the future, owing to the advancements in technology (x-ray detection has evolved to become safer, more effective, and easy to use). In recent times, the world has been moving toward automation. With the developments in artificial intelligence in the scenario, the future of x-ray machines is expected to be promising.
  • Further, in developing countries like India, increasing incomes, easier access to high-quality healthcare facilities, and greater awareness of personal health and hygiene are the factors supporting the growth of the healthcare industry. In addition, the Government of India plans to increase public healthcare expenditure by 2.5% of the country's GDP by 2025. This move would also encourage other emerging economies to increase their expenditures.
  • Additionally, the greater penetration of health insurance aided the rise in healthcare expenditure. Along with that, with the increasing demand for affordable and quality healthcare, the penetration of health insurance is poised to grow exponentially in the future. The rising healthcare costs and the burden of new diseases, coupled with low government funding, are helping to increase the demand for health insurance coverage.
  • The chest X-ray is usually the first test used to diagnose lung cancer. The increase in the number of lung and bronchus cancer throughout the globe increase demand for the X-ray machine manufacturing market. According to NAACCR, it is estimated that there have been 236,740 new cases of lung and bronchus cancer in the United States in 2022. The highest number of these cases is estimated in Florida.
X-ray Machine Manufacturing Market: Number of New Lung and Bronchus Cancer Cases, In Number, by State, In United State, 2022

North America is Expected to Hold to Largest Market Share in the Studied Market

  • The market for x-ray machines is anticipated to benefit from the increasing demand for imaging technologies in the medical and industrial sectors in the region. Due to the rising need for medical diagnostic imaging in North America, the demand for x-ray machines with digital imaging support is also high. The United States is the largest medical imaging market due to consumers' high disposable income and health insurance.
  • The United States is witnessing an increase in the geriatric population and a surge in chronic diseases due to sedentary lifestyles and unhealthy eating habits. Moreover, rising medical infrastructure developments and increased medical facilities are expected to propel the demand for the medical x-ray machines market in America.
  • The key players in the region are also making strategic partnerships, acquisitions, and product launches in this region to retain their market position. In July 2022, Canon Medical USA announced the acquisition of NXC Imaging, a distributor of imaging equipment. NXC is a distributor and service provider of capital medical equipment, including MRI, CT, vascular, ultrasound, x-ray, and C-arms, based in Minneapolis, Minnesota.
  • The rise in chronic diseases is pushing the importance of screening techniques for the right and timely treatment and care. X-ray plays a crucial role in chronic disease diagnosis, like diseases of the exocrine pancreas, lungs, bones, and abdomen.
  • According to Canon Inc., medical imaging is anticipated to expand Y-o-Y significantly by the next two years, fueled by the aging population and the requirement for early-stage detection of chronic disease. Moreover, the United States represents an enormous opportunity for future growth, due to which the company realigned its medical business strategy in the country. Hence, such trends are expected to create scope for the market.
X-ray Machine Manufacturing Market - Growth Rate by Region

X Ray Machine Manufacturing Industry Overview

The X-ray machine manufacturing market features significant fragmentation, with key industry players such as Canon Inc., Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, and Hologic Inc., among others. These market leaders employ various strategic initiatives, including partnerships and acquisitions, to expand their product portfolios and establish a sustainable competitive edge.

In November 2022, GE Healthcare joined forces with MediView XR to collaborate on groundbreaking technology. This innovation delivers an augmented reality heads-up display for interventional X-ray imaging devices. The OmnifyXR solution seamlessly integrates Microsoft's HoloLens technology with MediView's clinical augmented reality expertise and leverages GE Healthcare's capabilities in interventional imaging.

In July 2022, Siemens Healthcare introduced a cutting-edge mobile x-ray system. This advanced system enables a complete imaging workflow to be conducted at the patient's bedside, courtesy of the Mobilett Impact. This device combines the benefits of a portable X-ray system for bedside imaging with seamless digital integration, all while maintaining an economical cost structure.

X Ray Machine Manufacturing Market Leaders

  1. Canon Inc

  2. Fujifilm Holdings Corporation

  3. GE Healthcare

  4. Hitachi Medical Corporation

  5. Hologic Inc.

*Disclaimer: Major Players sorted in no particular order

X-ray Machine Manufacturing Market Concentration
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X Ray Machine Manufacturing Market News

  • November 2022: Konica Minolta Healthcare Americas, Inc., a global leader in medical diagnostic imaging and healthcare information technology, introduced groundbreaking digital radiography (DR) technologies designed to revolutionize the clinical utility of X-rays.
  • August 2022: GE Healthcare unveiled its latest fixed X-ray equipment, which functions as a dedicated "personal assistant" for radiology departments. The next-generation Definium 656 HD, equipped with in-room workflows, motorization, and the Intelligent Workflow Suite, offers invaluable support to technologists by assisting with patient positioning and method selection. This not only reduces the physical demands on technologists but also enhances overall productivity, making the most of a technologist's time spent with patients. Radiologists can benefit from this innovative system as well, as it combines FlashPad detectors, sophisticated picture generation apps, and the latest AI-driven helix advanced image processing software to improve image clarity, reduce errors, and minimize variability.

X Ray Machine Manufacturing Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of the COVID-19 Impact on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Rise in Adoption of Digital X-ray Systems

      2. 5.1.2 Government Regulations and Investments to Improve Infrastructure

    2. 5.2 Market Restraints

      1. 5.2.1 High Cost of the Equipment



    1. 7.1 By Product Type

      1. 7.1.1 Stationary

      2. 7.1.2 Portable

    2. 7.2 By Technology

      1. 7.2.1 Analog

      2. 7.2.2 Digital

    3. 7.3 By End-user

      1. 7.3.1 Healthcare

      2. 7.3.2 Transportation and Logistics

      3. 7.3.3 Government

      4. 7.3.4 Other End-users

    4. 7.4 Geography

      1. 7.4.1 North America

        1. United States

        2. Canada

      2. 7.4.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Rest of Europe

      3. 7.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Rest of Asia-Pacific

      4. 7.4.4 Rest of the World


    1. 8.1 Company Profiles

      1. 8.1.1 Canon Inc.

      2. 8.1.2 Fujifilm Holdings Corporation

      3. 8.1.3 GE Healthcare

      4. 8.1.4 Hitachi Medical Corporation

      5. 8.1.5 Hologic Inc.

      6. 8.1.6 Philips Healthcare

      7. 8.1.7 Shimadzu Corporation

      8. 8.1.8 Siemens AG

      9. 8.1.9 Vision Medicaid Equipment Private Limited

      10. 8.1.10 Hindrays

    2. *List Not Exhaustive


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X Ray Machine Manufacturing Industry Segmentation

X-rays are a form of electromagnetic radiation with higher energy that can pass through most of the objects. As an x-ray is the most effective and conventional diagnostic tool, digitization in the x-ray has observed a strong position in diagnostic laboratories worldwide. The demand for x-ray machines is increasing in various verticals, like healthcare, security, etc. Compliance with security measures and the increasing government regulations to develop better security infrastructure are the factors expected to have a positive impact on the industry. The awareness of early disease detection and treatment is expected to augment the medical x-ray industry's growth.

The x-ray machine manufacturing market is segmented by product type (stationary and portable), by technology (digital and analog), by end-user (healthcare, transportation and logistics, government, and other end-users), and by geography (North America, Europe, Asia Pacific, Rest of the World). 

The market sizes and forecasts are provided in terms of value in USD for all the above segments.

By Product Type
By Technology
By End-user
Transportation and Logistics
Other End-users
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
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X Ray Machine Manufacturing Market Research FAQs

The X-ray Machine Manufacturing Market size is expected to reach USD 17.70 billion in 2024 and grow at a CAGR of 5.69% to reach USD 23.35 billion by 2029.

In 2024, the X-ray Machine Manufacturing Market size is expected to reach USD 17.70 billion.

Canon Inc, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation and Hologic Inc. are the major companies operating in the X-ray Machine Manufacturing Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in X-ray Machine Manufacturing Market.

In 2023, the X-ray Machine Manufacturing Market size was estimated at USD 16.75 billion. The report covers the X-ray Machine Manufacturing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the X-ray Machine Manufacturing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

X Ray Machine Manufacturing Industry Report

Statistics for the 2023 X Ray Machine Manufacturing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. X Ray Machine Manufacturing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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X-Ray Machine Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)