The growth of the market is attributed to the increasing geriatric population and subsequent growth in global disease incidence, favorable regulations and government initiatives & investments, the advantages of digital X-ray systems, and technological advancements and product development.
The Digital
X-ray Market is
expected to reach USD 13.04 billion by 2023 from USD 8.68 billion in 2018, at a
CAGR of 8.5%.
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Market
Segmentation: -
Based on application, the Digital Radiography Market is
segmented into general radiography, dental applications, fluoroscopy, and
mammography. In 2018, the general radiography segment is expected to account
for the largest share of the digital X-ray market. The growth in this market is
mainly driven by the rising prevalence of diseases like tuberculosis,
osteoporosis, and CVD; growing aging population; and product launches.
By technology, the Digital Radiography Market is segmented
into direct radiography and computed radiography. The direct radiography
segment is expected to register the highest rate during the forecast period.
Recent Developments:-
- In July 2018, Hologic acquired Faxitron
Bioptics. Faxitron Bioptics is a leader in digital specimen radiography.
This acquisition enabled Hologic to expand their interventional breast
business.
- In May 2018, Siemens Healthineers partnered
with ScreenPoint Medical. This partnership helped Siemens to develop
AI-based applications for breast imaging.
- In April 2018, Konica Minolta, Inc launched
KDR Primary Digital Radiography System.
- In March 2018, Hologic partnered with Philips.
This partnership allowed both companies to expand their product portfolio
by providing integrated suites of diagnostic imaging modalities, advanced
informatics, and services for comprehensive breast screening and
diagnosis.
Regional Analysis:-
In 2018, North America is expected to dominate the market.
The large share of this geographical segment is attributed to factors such
strong economies in the US and Canada, which have allowed for significant
investments in new technologies.
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Key
Players:-
The mammography x ray market is highly competitive with
the presence of several small and big players. Some of the players in the
digital X-ray market are Canon Inc. (Japan), Carestream Health (US), Fujifilm
Corporation (Japan), GE Healthcare (US), Hitachi Ltd. (Japan), Hologic, Inc.
(US), Philips Healthcare (Netherlands), Shimadzu Corporation (Japan), Siemens
Healthineers (Germany), Konica Minolta, Inc. (Japan), Samsung Medison Co., Ltd.
(Korea), and Agfa Gevaert (Belgium)
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