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MEDICAL X-RAY EQUIPMENT AND IMAGING SOFTWARE MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2020 - 2027)
MEDICAL X-RAY EQUIPMENT AND IMAGING SOFTWARE MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2020 - 2027)
The global digital X-ray market is predicted to grow at an annual rate of 8.1 percent from 2021 to 2027, from an estimated USD 11.1 billion in 2021.

The medical X-ray market equipment and imaging software was estimated at USD 17.17 billion in 2020, and is predicted to grow at a CAGR of 3.92 percent to USD 21.68 billion by 2026. (2020-2027). Over the projected period, the growing ageing population, combined with rising investments in the healthcare ecosystem, is expected to have a beneficial impact on overall market growth. Developed countries have been confronted with this demographic dilemma and have invested to provide inexpensive healthcare systems to these individuals, giving the market a boost.

According to the World Health Organization, around 70% of cancer fatalities occur in middle- and low-income nations. This is likely to generate an opportunity for companies to invest in R&D and sell equipment and imaging software at a competitive price rather than the typical market price.

 

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