The major factors driving the growth of Digital X-ray Market include the increasing geriatric population and growth in disease incidence as well as favorable government regulations, investments, and initiatives. The advantages of digital X-ray systems have played a key part in their adoption; their speed and accuracy, as well as quick processing times, allow for significantly higher patient screening volumes than earlier. This has pushed companies to focus on product development and innovation.
The global digital X-ray market is expected to reach USD 16.4 billion by 2026 from an
estimated USD 11.1 billion in 2021, at a CAGR of 8.1% from 2021 to 2026.
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Key Driving Factors:
·
Technological Advancements: Continuous
advancements in digital X-ray technology, including improvements in image
quality, faster image acquisition, and enhanced diagnostic capabilities, have
been a significant driver of market growth. New detector technologies, software
algorithms, and hardware innovations have played a crucial role in this regard.
·
Reduced Radiation Exposure: Digital
X-ray systems offer the advantage of lower radiation exposure to patients
compared to traditional film-based X-rays. This safety benefit has driven the
adoption of digital X-ray systems, especially in pediatrics and in situations
requiring frequent imaging.
·
Increased Diagnostic Accuracy: Digital
X-ray images can be manipulated and enhanced for better visualization, aiding
radiologists in making more accurate diagnoses. This has led to increased
demand for digital X-ray systems in various medical specialties.
·
Aging Population: The global
aging population has resulted in a higher incidence of chronic diseases and
musculoskeletal conditions, which require frequent diagnostic imaging. As a
result, there has been a growing demand for digital X-ray systems to meet the
healthcare needs of an aging demographic.
·
Telemedicine and Teleradiology: The
expansion of telemedicine and teleradiology services has increased the need for
digital X-ray systems that can easily transmit images electronically. This has
been especially important during the COVID-19 pandemic when remote healthcare
services became more prevalent.
·
Cost-Effective Healthcare: Digital
X-ray systems offer cost savings in the long run by reducing the need for film
and chemical processing, as well as storage costs associated with physical
films. This cost-effectiveness has encouraged healthcare facilities to invest
in digital X-ray technology.
·
Government Initiatives: In some
regions, government initiatives and policies aimed at promoting the adoption of
digital healthcare technologies, including digital X-ray systems, have
contributed to market growth.
Market Segmentation: -
·
Based on technology, the market is segmented into
direct radiography and computed radiography. The direct radiography segment
commanded the largest share of the global market in 2020.
·
Based on portability, the digital X-ray market is
segmented into fixed digital X-ray systems and portable digital X-ray systems.
Fixed digital X-ray systems include floor-to-ceiling-mounted systems and
ceiling-mounted systems, while portable digital X-ray systems include mobile
X-ray systems and handheld X-ray systems.
·
The global digital X-ray systems market is divided
into new and retrofit digital X-ray systems. The retrofit digital X-ray systems
segment is expected to dominate the market during the forecast period.
·
Based on end users, the X-ray market is segmented
into diagnostic centers, hospitals, and dental care centers. Hospitals are
expected to dominate the market during the forecast period.
·
Based on applications, the market is segmented into
general radiography, dental applications, fluoroscopy, cancer, and mammography
applications. The general radiography segment is expected to dominate this
market during the forecast period
Regional
Analysis: -
The digital X-ray market is segmented into five
major regions—North America, Europe, Asia Pacific, Latin America,
and the Middle East & Africa. North America is
the largest regional market for digital X-ray systems, whereas the Asia Pacific market
is estimated to grow at the highest CAGR during the forecast period.
1.North America:
- North America, including the United
States and Canada, has been a significant market for digital X-ray
technology.
- Factors driving growth include a
well-established healthcare infrastructure, high healthcare expenditure,
and a strong emphasis on technological advancements.
2.Europe:
- Europe, with countries like Germany,
France, and the United Kingdom, has a mature digital X-ray market.
- The region has a strong focus on
healthcare quality and patient safety, which has driven the adoption of
digital X-ray technology.
3.Asia-Pacific:
- The Asia-Pacific region, including
countries like China, Japan, India, and South Korea, has been experiencing
rapid growth in the digital X-ray market.
- Growing healthcare infrastructure,
increasing healthcare investments, and a large patient population are key
drivers.
4.Middle East and Africa (MEA):
- MEA has seen increasing adoption of
digital X-ray technology, particularly in countries with growing
healthcare infrastructure and medical tourism.
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Recent Developments:-
- In March 2021,
Koninklijke Philips N.V. (Netherlands) received US FDA 510(k) clearance
for CombiDiagnost R90, a high-end digital radiography-based fluoroscopy
system
- In August 2020, GE
Healthcare (US) received FDA 510(k) clearance for Pristina Serena Bright,
a contrast-enhanced mammography solution for biopsy
- In November 2018,
Siemens Healthineers (Germany) introduced Multix Impact, a floor-mounted
radiography system, at the Congress of the Radiological Society of North
America (RSNA) in Chicago, US
Top Key Players: -
The digital X-ray market is dominated by Siemens
Healthineers (Germany),
GE Healthcare (US), Koninklijke Philips N.V. (Netherlands),
FUJIFILM Holdings Corporation (Japan),
and Canon, Inc. (Japan).
The other leading market players include Carestream Health (US), Shimadzu
Corporation (Japan),
Hologic Inc. (US), Agfa-Gevaert Group (Belgium),
Samsung Medison (South
Korea), and Konica Minolta (Japan).
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