Urological X-ray is a method of diagnostic examination of urological disorders using X-rays. Continuous advances in X-ray examination methods are driving the development of modern urology, such as intravenous urography, renal arteriography, computed tomography and the combined use of various imaging techniques have largely improved urological diagnostic techniques and advanced the development of urology. Urology X-ray modality provides superior imaging technology and unobstructed views with truly unrestricted access to the body of patient, which greatly optimizes operational efficiency and patient safety. It can be used for urological procedures, kidney, ureter, and bladder (KUB), intravenous pyelogram (IVP), voiding cystourethrogram (VCUG) etc.
Urology X-ray modality can generally be divided into two types: fixed X-ray systems and mobile X-ray systems. Fixed X-ray systems have requirements for transformer size and output and therefore must be installed in a room with special electrical connections to the power supply. Mobile X-ray systems provide imaging solutions for patients who cannot travel to the X-ray room. Mobile X-ray system have higher output and larger transformers. In 2019, fixed X-ray systems held 84.27% of the US urology X-ray modality market. Its market value is expected to reach $311.24 million by 2026, up from $272.37 million in 2019.
As a medical device, urology X-ray modality applied in hospitals, ambulatory surgical centers, and specialty clinics. Ambulatory surgical centers are modern healthcare facilities that focus on providing same-day surgical care. In the urology X-ray modality market, hospitals are the most authoritative and specialized institutions, which hold a significant share in terms of application. Their market share was 87.93% in 2019.
United States Urology X-ray Modality Market Status and Prospect Analysis
The Urology X-ray modality industry is highly concentrated. The top three companies are Siemens Healthineers, GE Healthcare, Philips with revenue market share of 27.98%, 21.74%, and 16.45% in 2019, respectively.
According to the study, the US urology X-ray modality market generated total revenue of $278.43 million in 2015, and increased to $323.20 million in 2019. The market for urology X-ray modality is forecast to reach a value of $382.63 million by 2026. Urology X-ray modality will grow at a CAGR of 3.85% from 2020 to 2026.
The growth of the urology X-ray modality market is mainly driven by the downstream demand market. With the gradual improvement of the living standard, concern for personal health is increasing. The demand for clinical medicine diagnosis level and diagnostic equipment is also increasing, among which the demand for urology X-ray modality has increased significantly. Sales of urology X-ray modality are expected to increase from 2,126 units in 2019 to 2,550 units by 2026.
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Policy Support to Drive Further Growth of the United States Urology X-ray Modality Market
With the aging of the US population, the number of patients with various chronic diseases is gradually increasing, and the number of people suffering from urological diseases is also increasing, especially middle-aged and elderly patients. As the largest medical device market in the world, the US has a large number of high-quality urological diagnostic instruments. As urology X-ray modality continues to innovate and optimize its products, it can help patients diagnose diseases in the most intimate parts of the body. In recent years, with the continuous progress of science and technology and scientific research, medical imaging related fields are developing very rapidly and urology X-ray modality will be continuously optimized according to market demand.
However, urology X-ray modality is high-end medical imaging equipment, which is expensive and has high maintenance costs. Meanwhile, the high cost of clinical diagnosis has increased the medical burden of patients. The high price of the equipment not only affects the market adoption rate, but also increases the medical expenses of patients. Therefore, it poses a great challenge to the development of the market. In addition, international companies such as Japan, Singapore and South Korea have started to actively participate in the medical device industry. As more and more major international companies enter this market, this market will become increasingly competitive and pose a great threat to the US urology X-ray modality market.
In the past, due to this large urology-specific X-ray equipment is very complex and expensive. Some hospitals can only use low-end equipment, which reduces the efficiency of doctors and brings great inconvenience to patients. With the development of X-ray equipment, the imaging time and radiation dose have been reduced. The continuous optimization of urology X-ray modality brings many advantages, not only to improve patient comfort and physician diagnostic efficiency, but also to provide clear images, which will drive the growth of this market. Moreover, policy support is also providing an opportunity for the market. On December 20, 2019, the US federal government signed the latest spending agreement announcing the permanent elimination of 2.3% excise tax on medical devices, which is very beneficial for the growth of the United States urology X-ray modality market.
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