Digital X-ray is a modern X-ray imaging technique that uses digital X-ray sensors rather than conventional photographic films. Additionally, this saves time and allows for the digital transfer of images as well as their enhancement for improved visibility.
The digital x-ray market in 2021 was worth $11.02 billion, and it will reach $22.22 billion by 2030, with a CAGR of 8.1% during the forecast period. Factors such as the increased number of diseases and the growing geriatric population are stimulating the growth of this market. The government’s regulatory approvals, pharmaceutical companies’ initiatives, R&D expenditures, and other factors are also responsible for this sector’s explosive growth.
Covid-19 impact analysis
COVID-19 has created new opportunities for manufacturers of digital X-ray machines and healthcare providers. Chest imaging has been considered as a substitute approach for patients with suspected COVID-19 where laboratory testing (RT-PCR) is not available. It has been suggested that imaging, such as chest radiography, CT scans, and lung ultrasounds, can supplement clinical assessment and laboratory results in the treatment of patients who have already been diagnosed with COVID-19.
Digital x-ray market Key industry drivers
Technology developments in this industry are the main factors driving the growth of the market for digital x ray devices. Due to factors like image acquisition speed, detector design, portability, image quality, and software development, demand for digital X-ray systems is rising quickly. The demand for digital X-ray systems is driven by the benefits such as the ability to quickly process massive amounts of data and examine patients in less time.
In addition to the technological advancements, new product innovations such as a digital x-ray machine for veterinary, a digital x-ray machine for dental, ge digital x-ray, qdx digital transceiver, a digital x-ray machine for chiropractic, a digital x-ray sensor, a digital x-ray machine for a podiatrist, a digital x-ray machine siemens, and new processes such as Dental radiography are accelerating the growth of this market.
High cost of digital x-ray devices
The factors restricting the growth of the Digital X-Ray Devices Market size are huge installation costs and higher prices.Due to their limited resources and resistance to incorporating newer technologies. These factors primarily have an impact on small- and medium-sized hospitals in developing countries.
Key market opportunity
Development of AI-based Digital x-ray market system
In the future, there will likely be significant growth opportunities for artificial intelligence (AI). Which reduces human error in medical imaging and requires little human intervention As a result, the Digital X-Ray Devices Market is going through a period of massive R&D programs and investments.
Digital x-ray Market Segmentation analysis
• By technology, the industry is segment into direct and computed radiography. The direct radiography segment held a significant position in the digital x-ray market. Factors stimulating the growth of this segment are effective dynamic range, reduced radiation exposure for patients, better medical evaluation, and superior & accurate image capture.
•Based on portability, the market for digital x-ray is segment into ceiling-mounted systems, floor-to-ceiling mounted systems, fixed digital x-ray systems. The portable x-ray systems segment accounted for a significant position in the market. This segment is growing due to factors such as the increasing number of chronic diseases that require immediate treatment.
•The market is segment into dental, orthopedic, mammography, general radiography, chest imaging, cardiovascular imaging, and others application. The general radiography segment contributed to a reasonable market share of the global market on basis of application. The growth of this segment is increasing the incidence of target diseases, growing demand for early diagnosis, and technological development.
• Geographically the digital x-ray market is segmented into Europe, North America, Middle East & Africa, and the Asia Pacific. The North America Segment recorded the maximum share and held a significant position in the global market. However, The Asia Pacific is likely to be the fastest growing market during the forecast period. Factors boosting the growth of this segment are the increasing number of chronic diseases and increasing disposable income in Japan.
Companies playing a major role in the digital x-ray devices market are:
Hitachi, Ltd., Agfa-Gevaert Group, Canon Medical Systems Corporation, General Electric Company, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Siemens Healthcare GmbH, Samsung Electronics Co. Ltd, Other players