The spinal X-ray and CT market will advance at a rate of 6.4%, to generate USD 1,602 million, by 2030 as said in a report by P&S Intelligence.
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This growth is credited to the increasing elderly population, the development of artificial intelligence in medical imaging, advancements in radiological technologies, and the rising prevalence of spinal injuries.
The spinal tumor category will witness the fastest growth in the industry over this decade, at a CAGR of over 7%. This is due to the growing incidence of spinal cancer all across the globe, which is boosting the demand for effective and quick treatment and diagnosis.
In the past few years, the adult population dominated the industry, since the elderly populace has a lower density of bone, which causes osteoporosis and vertebral compression fracture.
North America led the industry, with a share of more than 40%, in the past few years, owing to the availability of numerous CT and X-ray devices, increasing investment in research and development, and developments in healthcare technologies.
Moreover, APAC is the fastest-growing region in the industry, due to the significant developments in radiological technology, as well as improvements in the healthcare system in the region.
It is because of the increasing prevalence of spinal injuries, development in radiological technologies, and increasing elderly population, the demand for spinal X-rays and CT will continue to grow in the coming years
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