Increasing incidence of road and other accidents leading to spinal injuries is a key factor driving market revenue growth.
Market Size – USD 958.7 Million in 2021 Market Growth – at a CAGR of 5.87%
Global spine X-ray and computed tomography market size reached USD 958.7 Million in 2021 and is expected to register a revenue CAGR of 5.87% during the forecast period, according to a latest analysis by Emergen Research. Increasing number of road and other accidents leading to spinal injuries are expected to drive market revenue growth during 2022-2030.The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Spine X Ray and Computed Tomography market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Spine X Ray and Computed Tomography market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Some Key Highlights From the Report
- The spinal fractures segment revenue is expected to register a substantially rapid CAGR during the forecast period due to increasing prevalence of road and other accidents leading to spinal injuries that require radiology examinations
- The hospitals segment is expected to account for the largest revenue share over the forecast period due to the rapid increase in the number of spinal cord injury patients, which has led to an increased need for SCI patients’ treatment
- Asia Pacific is expected to register a rapid revenue growth rate in the spine X-ray and computed tomography market over the forecast period due to increasing adoption of radiology devices in the diagnosis of patients in the region. Rapid development in medical centers in rural and remote regions, as well as launch of CT scanners with higher imaging intelligence that enables healthcare providers to make faster medical decisions, are some other factors expected to increase usage of spine X-rays and computed tomography.
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Key Players Profiled in the Report are:
Fujifilm Holdings Corporation, GE Healthcare, Siemens Healthcare GmbH, Shimadzu Corporation, Toshiba Medical Systems Corporation, Carestream Health, Inc., Hitachi Medical Corporation, Hologic, Inc., Imagen Technologies, Inc., and Qure.ai Technologies Pvt. Ltd.
Furthermore, the report provides a comprehensive overview of the Spine X Ray and Computed Tomography market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Spine X Ray and Computed Tomography market expected to boost the growth of the industry in the coming years.
Spine X Ray and Computed Tomography Market Segmentation by Type
- Product Outlook (Revenue, USD Million, 2019–2030)
- X-Ray Devices
- Computed Tomography Devices
- Ai-Enabled Radiology Devices
Spine X Ray and Computed Tomography Market Segmentation by Application
- Application Outlook (Revenue, USD Million, 2019–2030)
- Spinal Fractures
- Spinal Tumors
- Vertebral Infections
- Spinal Deformities
- End-Use Outlook (Revenue, USD Million, 2019–2030)
- Diagnostic Centers
Key Questions Answered in the Report:
What is the growth rate of the Spine X Ray and Computed Tomography market? What is the anticipated market valuation of Spine X Ray and Computed Tomography industry by 2027?
What are the key growth driving and restraining factors of the Spine X Ray and Computed Tomography market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Spine X Ray and Computed Tomography industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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