Medical X-Ray Film Processor Market to reach USD 1,238.5 million by 2030

NEW YORK - June 26, 2024 - PRLog -- The global medical X-ray film processor market is projected to generate USD 1,238.5 million in revenue by 2030, advancing at a CAGR of 3.2% during 2024–2030, growing substantially from USD 1,024.7 million in 2024. This is due to the progression of cancer, orthopedic illnesses such as arthritis, dental, and cardiac diseases, escalating usage of X-rays, augmenting knowledge concerning early-stage sickness, and increasing healthcare spending.

X-ray imaging has acted as a solution to the early diagnosis and in the management of various conditions like; bone injuries, tumors, dental issues, and pneumonia. They have attributed the use of X-ray imaging systems and therefore X-ray films and film processors in this respect. As a result, due to the higher incidence of the above-mentioned diseases, and many other diseases, a growth in the use of X-ray imaging to diagnose such illnesses, is being witnessed.

Furthermore, the rapidly increasing hospital partnerships with market participants for better image quality of radiographic equipment also drive the product's demand. This will in turn enhance demand for films and film processors over the forecast period as mentioned in the following figures.

Further, due to the increased number of hospitals, the number of dental and orthopedic surgeries is also on the rise, and in turn, demand is escalating due to the increased number of patients worldwide.

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In 2023, the fully automatic film processors category led the industry with a 60% share because of high image quality, quicker processing times, and advanced consistency in comparison to manual processors. Demand for X-ray film processors is rising rapidly at diagnostic centers in developing countries due to their affordability and accessibility compared to hospitals, especially for the aging population prone to chronic diseases.

Increasing awareness of early disease diagnosis and government investments in healthcare are expected to boost market growth by increasing the demand for diagnostic equipment. In North America, the high incidence of chronic diseases and an aging population have increased the demand for X-ray imaging. The presence of major players and advanced products, along with rising awareness of early diagnosis, drive the market.

The U.S. has around 8,000 hospitals as of 2023, with chronic diseases like COPD driving demand for radiography film processors. Government funding for early detection further boosts the market.

Asia-Pacific is expected to witness the fastest growth due to increasing R&D activities, a large patient pool, government initiatives, and improved healthcare infrastructure. Rapid economic growth and healthcare system development in Japan, China, and India support market expansion.