Global Spine X-ray and Computed Tomography (CT) Market Insights Forecasts to 2030

• The global Spine X-ray and Computed Tomography (CT) Market was valued at USD 930 million in 2021.
• The market is growing at a CAGR of 6% from 2021 to 2030
• The global Spine X-ray and Computed Tomography (CT) Market is expected to reach USD 1,571 million by 2030
• The Asia Pacific is expected to grow the fastest during the forecast period

The global Spine X-ray and Computed Tomography (CT) Market is expected to reach USD 1,571 million by 2030, at a CAGR of 6% during the forecast period 2021 to 2030. The market for spine X-ray and CT devices is expanding at a rapid rate. There has been an increase in the number of X-rays and CT scans used in imaging vertebral fractures, spinal infections, and spinal malignancies, among other conditions affecting the spine. In addition, the incorporation of AI into imaging has accelerated the growth of the market.

 Market Overview:

X-rays of the spine can produce comprehensive pictures of the bones of the spine and may be produced separately for each of the three major portions of the spine: the cervical (neck), thoracic (mid-back), and lumbar (lower back) (lower back). All your inside organs and tissues will be irradiated with a highly focused radiation beam. At the same time, a specialized film or a computer will record the resulting black and white image. An increasing number of spinal injuries, which raises the demand for an increased number of X-ray and CT scans, the emergence of artificial intelligence in medical imaging, and the expansion in the healthcare industry are the factors driving the market growth. The growing incidence of falls and the proportion of elderly people in the community have resulted in an increase in the need for the procedure volume of X-rays and CT scans.

The potential risk of radiation exposure and the time it takes to get regulatory approvals are two issues holding back expansion in the market for spine X-rays and computed tomography worldwide. The expansion of the industry is hampered by the fact that regulatory clearance for the items is being held up because of the rigorous rules imposed by the government on the utilization of AI-enabled software in medical imaging. The high cost often connected with medical imaging is another issue that is acting as a barrier to expanding the market for spine X-rays and computed tomography throughout the world.

Report Coverage

This research report categorizes the global spine x-ray and computed tomography (CT) market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global spine X-ray and computed tomography (CT) Market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global spine x-ray and computed tomography (CT) Market sub-segments.

Segmentation Analysis

• In 2021, the CT devices segment dominated the market with the largest market share of 45% and market revenue of 418.5 million.

Based on the product, the Spine X-ray and Computed Tomography (CT) Market is categorized into X-ray devices, CT devices, and AI-enabled X-ray & CT software. In 2021, the CT devices segment dominated the market with the largest market share of 45% and market revenue of 418.5 million. CT scans have the potential to provide pictures that can be rearranged in many planes to produce a three-dimensional representation. This is one reason why these scans are helpful. An X-ray cannot examine the whole of the spinal cord as a CT scanner can, which results in a more precise diagnosis.

• In 2021, the Hospitals & Clinics segment accounted for the largest share of the market, with 40% and a market revenue of 372 million.

Based on end users, the Spine X-ray and Computed Tomography (CT) Market is categorized into Hospitals & Clinics, Diagnostic Imaging Centers, and Ambulatory Surgery Centres. In 2021, hospitals & clinics dominated the market with the largest market share of 40% and market revenue of 372 million. The global market for spine X-rays and computed tomography (CT) was largely dominated by hospitals and clinics. Hospitals and clinics are the primary diagnostic centers for the treatment of spinal injuries. More and more ASCs are turning to X-rays and CT scans in order to provide individualized care to their patients and shorten the amount of time it takes for them to recover.

• In 2021, the Hospital Pharmacies segment dominated the market with the largest market share of 55% and market revenue of 511.5 million.

Based on the patient type, the Spine X-ray and Computed Tomography (CT) Market is categorized as Adults and Pediatric & neonates. In 2021, the hospital pharmacies segment dominated the market with the largest market share of 55% and market revenue of 511.5 million. When it came to spinal X-ray and CT services, the adult population was by far the most significant consumer segment. This is because older people tend to have lower bone densities, which increases their risk of developing osteoporosis and, ultimately, spinal compression fractures.

Regional Segment Analysis of the Spine X-ray and Computed Tomography (CT) Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Among all regions, North America emerged as the largest market for the global Spine X-ray and Computed Tomography (CT) Market, with a market share of around 37% and 930 million of the market revenue in 2021.

• In 2021, North America emerged as the largest market for the global Spine X-ray and Computed Tomography (CT) Market, with a market share of around 37% and 930 million of the market revenue. The advanced healthcare infrastructure in North America, together with the emergence of advanced technology to diagnose disease, and the highly developed healthcare infrastructure makes it dominant.
• The Asia Pacific market is expected to grow at the fastest CAGR between 2022 and 2030. The Asia-Pacific spine X-ray and computed tomography market are predicted to develop at the fastest rate during the forecast period. This can be due to the enormous elderly population, which is driving the growth in the volume of spine X-rays and CT scans.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global spine x-ray and computed tomography (CT) Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• Agfa-Gevaert NV
• Arterys Inc
• Carestream Health Inc.
• Enlitic Inc.
• Fujifilm Holdings Corporation
• General Electric Company
• Imagen Technologies Inc
• Infervision Medical Technology Co. Ltd.
• Koninklije Philips N.V.
• Nano-x Imaging LTD.
• Quibim S.L.
• Qure.ai Technologies Pvt. Ltd.
• Siemens Healthineers AG
• Shimadzu Corporation
• Vuno Co. Ltd.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Recent Development

• In April 2022, The Revolution Aspire CT scanner from GE Healthcare was introduced to the Indian market.
• In May 2022, Schimazdu will release a brand-new product known as the Xseeker 8000. The high-output X-ray generator and the high-resolution flat panel detector. 8000 benchtop X-ray and computed tomography (CT) system are two of the system's distinguishing features.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global spine X-ray and computed tomography (CT) Market based on the below-mentioned segments:

Global Spine X-ray and Computed Tomography (CT) Market, By Indication

• Spinal injuries
• Spinal tumors
• Spinal Fractures

Global Spine X-ray and Computed Tomography (CT) Market, By Patient

• Adults
• Pediatric & neonates

Global Spine X-ray and Computed Tomography (CT) Market, By End Users

• Hospitals & Clinics
• Diagnostic Imaging Centers
• Ambulatory Surgery Centres

Global Spine X-ray and Computed Tomography (CT) Market, By Product

• X-ray devices
• CT devices,
• AI-enabled X-ray & CT software

Global Spine X-ray and Computed Tomography (CT) Market, Regional Analysis

• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa