X-ray imaging has come a long way since the discovery of x-ray more than 120 years ago. X-ray devices and procedures have become some of the most commonplace medical imaging techniques over the last few decades. Rapid technological advancements and research and development in healthcare are the primary reasons why radiology has been playing a key role in shaping up safe, efficient, and accurate diagnostics. The market for x-ray devices and procedures is poised to witness steady growth in the years to come owing to innovations and investments from healthcare giants. Research in reducing the effects of radiation can also create safer atmosphere for the industry in near future.
Trends that will Transform X-ray Devices and Procedures
X-ray in healthcare is one of the common imaging tests that allows healthcare professionals to observe the internal body functions without invasions or surgical incisions. This diagnostic technique has been around for or medical imaging has come a long way over the past where the radiologists can use techniques like CT scan, MRI, and ultrasound to study intricate parts of the body. Improved screening technology allows better diagnosis and monitoring of diseases to provide accurate diagnosis.
Here are the latest trends in the field of x-ray devices and procedures:
Radiation Dosage Management
Concerns about safety regarding the exposure to radiation of x-ray devices has always been around. Rising complexity of x-ray procedures has forced healthcare professionals and medical device manufacturers to take note of this threat and take appropriate actions. More than minimal dose, experts recommend using the precise dose for the management of radiation dosage. For instance, Siemens Healthineers have introduced Right Dose Management tool offering comprehensive solutions for the management and optimization of radiation dosage. This technology includes powerful software and hardware programs that work on smart technology for various x-ray devices and procedures such as mammography, computer tomography, and angiography among others.
The data generated and gathered by x-ray scanning is ever-increasing. The disruptive 3D printing technology is found useful for medical imaging wherein, accurate clinical references are gathered for future reference. These references or 3D models guide surgeons during complex medical procedures. For instance, the Henry Ford Hospital based in the US successfully used computer aided design or CAD and 3D printing to reduce complications caused during complex medical procedures. During such complex surgeries, the radiologists act like clinical consultants and assists the surgeons in understanding the models. 3D medical images have been used during heart surgeries and difficult procedures like separation of conjoined twins.
Smart technology and advancements in intelligence machines is also reflecting on the fields like x-ray devices and procedures. As artificial intelligence makes inroads into healthcare sector, it is also set to influence medical imaging techniques. It is expected to bring radiologists closer to digitization. As of now, artificial intelligence is anticipated to assist x-ray imaging in terms of capacity management and workflow organization. This disruptive technology can make radiologists efficient and help them save time when it comes to collecting and organizing data, prioritizing healthcare, and distributing capabilities. Artificial intelligence will help them use all these resources at their disposal more effectively.
The Business of X-ray Devices and Procedures
The global market for x-ray devices and procedures is set to witness steady growth in the forthcoming years. Advancements in regulations like Merit-Based Incentive Payment System (MIPS) and Medicare Access and CHIP Reauthorization Act (MACRA) have created challenges for the industry players and radiologists in terms of reimbursement and reporting. Rising adoption of medical x-ray generators in stent replacement, malignant cancer cells, and locating blocked arteries among others will boost the market growth by 2024. The market was worth USD 1.46 billion in 2015.
There is a healthy rise in demand for portable x-ray and CT scan devices owing to the ever-growing market for home healthcare. Efforts to reduce cost by eliminating x-ray film storage will create positive opportunities for the key components active in the market, especially the computed radiography based portable devices. The market segment held around 39.6% of the overall market share. Portable X-ray devices market was worth USD 3,067.0 million in 2012. City scan devices market, on the other hand, is anticipated to witness a CAGR of over 8% by 2020.
Rise in issues related to dental health and consumer awareness regarding oral health is expected to boost the market for dental x-ray devices and procedures. High prevalence of dental caries, and periodontitis among others will create growth opportunities for dental radiography in the forthcoming years. The market is projected to attain a CAGR of around 8.5% through 2024 as per a market research report published by Grand View Research. It was expected to be worth USD 1.2 billion in 2015. Boom in cosmetic dentistry is also projected to positively influence the market for dental x-ray technologies. North America is poised to emerge as the dominating geographical region when it comes to demand or radiology devices and procedures.
In conclusion, advancements in communications network are anticipated to create growth opportunities for medical imaging or x-ray devices and procedures. Increasing R&D in telemedicine, molecular imaging, remote viewing systems, PET scans, and other such technologies are expected to boost the technological and business opportunities for radiology.