X-Ray Apparatus Market

The article discusses the trends and projections for the global x-ray apparatus market from 2022 to 2030. It highlights the expected increase in consumption and value, with a focus on key consuming countries and types of x-ray apparatus. The data also covers global imports, exports, and production of x-ray apparatus, providing insights into market dynamics and growth opportunities.

Market Forecast

Driven by increasing demand for x-ray apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +11.8% for the period from 2022 to 2030, which is projected to bring the market value to $52B (in nominal prices) by the end of 2030.

Consumption

World Consumption of X-Ray Apparatus

After four years of growth, consumption of x-ray apparatus decreased by -46.6% to 1.5M units in 2022. In general, consumption, however, saw a notable expansion. As a result, consumption attained the peak volume of 2.8M units, and then reduced remarkably in the following year.

The global x-ray apparatus market value dropped significantly to $21.3B in 2022, waning by -69.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a perceptible shrinkage. As a result, consumption reached the peak level of $70.7B, and then shrank dramatically in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the UK (281K units), the United States (160K units) and South Africa (118K units), together comprising 37% of global consumption. China, Spain, Slovakia, Russia, Malaysia, the Netherlands, the Czech Republic, Kuwait, India and Germany lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +48.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest x-ray apparatus markets worldwide were the United States ($3.6B), China ($3.3B) and Russia ($1.2B), with a combined 38% share of the global market. Germany, Kuwait, Spain, India, the Netherlands, South Africa, the UK, Malaysia, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 21%.

Kuwait, with a CAGR of +46.5%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of x-ray apparatus per capita consumption in 2022 were Slovakia (9.3 units per 1000 persons), Kuwait (6.4 units per 1000 persons) and the UK (4.1 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the Netherlands (with a CAGR of +46.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of X-Ray Apparatus

Global x-ray apparatus production contracted notably to 1M units in 2022, falling by -61.1% compared with the previous year's figure. Over the period under review, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 200%. As a result, production reached the peak volume of 2.6M units, and then dropped sharply in the following year.

In value terms, x-ray apparatus production declined modestly to $17.3B in 2022 estimated in export price. Overall, production continues to indicate a pronounced decline. The growth pace was the most rapid in 2014 with an increase of 7.6% against the previous year. Global production peaked at $21.9B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (172K units), Spain (120K units) and the UK (105K units), with a combined 39% share of global production.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +12.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of X-Ray Apparatus

In 2022, the amount of x-ray apparatus imported worldwide soared to 1.3M units, increasing by 39% against the year before. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray apparatus imports totaled $16B in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, the UK (318K units), distantly followed by the United States (148K units) and South Africa (119K units) were the main importers of x-ray apparatus, together achieving 46% of total imports. Slovakia (51K units), the Netherlands (50K units), Russia (40K units), France (32K units), Spain (31K units), the Philippines (30K units), Italy (27K units), Canada (26K units), India (25K units) and Antigua and Barbuda (24K units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to x-ray apparatus imports into the UK stood at +4.1%. At the same time, Antigua and Barbuda (+105.7%), Slovakia (+45.2%), the Philippines (+32.3%), South Africa (+27.5%), the United States (+9.9%), India (+8.2%), Russia (+7.2%), the Netherlands (+4.8%) and Spain (+3.9%) displayed positive paces of growth. Moreover, Antigua and Barbuda emerged as the fastest-growing importer imported in the world, with a CAGR of +105.7% from 2012-2022. France and Italy experienced a relatively flat trend pattern. By contrast, Canada (-7.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Slovakia, the United States, the Philippines and Antigua and Barbuda increased by +7.8, +3.8, +3.4, +2.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.8B) constitutes the largest market for imported x-ray apparatus worldwide, comprising 17% of global imports. The second position in the ranking was held by Russia ($706M), with a 4.4% share of global imports. It was followed by France, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-1.6% per year) and France (+3.0% per year).

Imports By Type

Apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for dental uses, excluding computed tomography apparatus was the key type of x-ray apparatus in the world, with the volume of imports reaching 617K units, which was approx. 49% of total imports in 2022. It was distantly followed by apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for medical, surgical or veterinary uses, not dental uses, excluding computed tomography apparatus (311K units), non-medical x-rays (237K units) and apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus (107K units), together committing a 51% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading imported products, was attained by apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus (with a CAGR of +10.7%), while imports for the other products experienced more modest paces of growth.

In value terms, the largest types of imported x-ray apparatus were apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for medical, surgical or veterinary uses, not dental uses, excluding computed tomography apparatus ($6.6B), apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus ($5.1B) and non-medical x-rays ($3.5B), together accounting for 95% of global imports.

Non-medical x-rays, with a CAGR of +4.5%, saw the highest growth rate of the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

In 2022, the average x-ray apparatus import price amounted to $12,603 per unit, which is down by -26.7% against the previous year. In general, the import price saw a noticeable slump. The growth pace was the most rapid in 2017 when the average import price increased by 27%. Global import price peaked at $19,920 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus ($48,050 per unit), while the price for apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for dental uses, excluding computed tomography apparatus ($1,355 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by non-medical x-ray (+1.6%), while the other products experienced a decline in the import price figures.

Import Prices By Country

The average x-ray apparatus import price stood at $12,603 per unit in 2022, waning by -26.7% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 27%. Global import price peaked at $19,920 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($18,681 per unit), while Antigua and Barbuda ($260 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Antigua and Barbuda (+18.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of X-Ray Apparatus

In 2022, global x-ray apparatus exports expanded notably to 779K units, growing by 12% against the year before. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, x-ray apparatus exports expanded modestly to $15B in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 10%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, the UK (143K units), distantly followed by China (83K units), India (79K units), Italy (62K units), Spain (61K units), Germany (60K units), the United States (43K units), Malaysia (36K units) and France (35K units) represented the main exporters of x-ray apparatus, together mixing up 77% of total exports. Japan (29K units), Finland (27K units), South Korea (22K units) and the Netherlands (18K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($3.8B), the Netherlands ($1.9B) and the United States ($1.9B) constituted the countries with the highest levels of exports in 2022, with a combined 51% share of global exports. China, Japan, France, the UK, South Korea, Italy, Finland, Malaysia, Spain and India lagged somewhat behind, together accounting for a further 39%.

South Korea, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for medical, surgical or veterinary uses, not dental uses, excluding computed tomography apparatus represented the main exported product with an export of about 333K units, which recorded 43% of total exports. Non-medical x-rays (200K units) took the second position in the ranking, followed by apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for dental uses, excluding computed tomography apparatus (197K units) and apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus (49K units). All these products together took near 57% share of total exports.

From 2012 to 2022, the biggest increases were recorded for apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus (with a CAGR of +3.4%), while shipments for the other products experienced more modest paces of growth.

In value terms, the largest types of exported x-ray apparatus were apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for medical, surgical or veterinary uses, not dental uses, excluding computed tomography apparatus ($6.1B), apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus ($5B) and non-medical x-rays ($3B), together comprising 94% of global exports.

Among the main exported products, apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus, with a CAGR of +4.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

In 2022, the average x-ray apparatus export price amounted to $19,206 per unit, falling by -9% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. As a result, the export price attained the peak level of $23,781 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, whether or not for medical, surgical, dental or veterinary uses, computed tomography apparatus ($101,349 per unit), while the average price for exports of apparatus based on the use of x-rays; including radiography or radiotherapy apparatus, for dental uses, excluding computed tomography apparatus ($4,362 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by non-medical x-ray (+5.8%), while the other products experienced mixed trends in the export price figures.

Export Prices By Country

In 2022, the average x-ray apparatus export price amounted to $19,206 per unit, falling by -9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2019 an increase of 19% against the previous year. As a result, the export price attained the peak level of $23,781 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($108,954 per unit), while India ($1,074 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform