Digital X-Ray Devices Market Overview:
Digital X-Ray Devices Market worldwide was worth $11.5 billion US dollars. AMR Group projects that the market will reach US$ 21.7 billion by 2031, growing at a CAGR of 8.5 percent between 2022 and 2031.
The two primary digital radiography technologies are computed radiography and direct radiography. Unlike computed radiography (CR), which requires an intermediary processing step to generate the digital signals, direct digital radiography (DDR) refers to the direct digital registration of the picture at the detector. There are different types of digital X-ray devices depending on how portable they are: handheld, mobile, floor-to-ceiling, ceiling-mounted, and fixed. Digital radiography equipment is utilized for a variety of purposes, including dental work, mammography, cancer detection, fluoroscopy, orthopaedics, cardiovascular imaging, chest imaging, and general radiography
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Market Dynamics:
The growing incidence of cancer and orthopaedic disorders is a major factor propelling the global diagnostic imaging test market, especially the one for digital x-ray devices. The American Heart Association (AHA) reports that Heart Disease and Stroke Statistics - 2022 Upgrade data shows that, with 19.05 million deaths globally in 2020 due to cardiovascular disease (CVD), it became the leading cause of death globally. Furthermore, 7.08 million fatalities globally are predicted to be caused by cerebrovascular illnesses in the same year. The need for digital X-ray machines is increased by the growing demand for imaging systems that can deliver accurate diagnosis, which is a result of the high frequency of heart disorders in many nations.
Digital radiography devices The market is primarily driven by advancements in technology. In addition, partnerships and collaborations by important players, along with increased product approvals and technological developments, are contributing to the expansion of the market. For instance, Care stream Health India has said that the DRX Compass, a digital radiation solution that offers radiologists a whole new degree of efficiency, will be available for purchase in 2022
Market Challenges:
Due to financial limitations, expensive equipment, and low reimbursement rates, many hospitals in underdeveloped nations are unable to purchase digital X-ray systems. But because digital imaging treatments are in high demand worldwide, hospitals who cannot afford to invest in new imaging systems instead use used ones. Refurbished systems are frequently less expensive than brand-new ones. However, a significant obstacle for market participants, particularly small producers, is the rising demand for used electronics. Market participants must either price their products lower or develop better, more sophisticated technologies that can meet the gaps in the market in order to solidify their positions and build a loyal user base for their imaging systems.
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Market Segments:
By Application
- Cancer
- Cardiovascular
- Dental
- General Imaging
- Mammography
- Orthopaedic
By Technology
- Computed Radiography
- Direct Radiography
By Portability
- Fixed Systems
- Portable Systems
By End User
- Hospitals & Clinics
- Diagnostic Centres
- Others
Market Regional Analysis:
The markets for digital X-ray devices are divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Due to the region's increasing use of cutting-edge technology and the rising incidence of chronic illnesses like diabetes and cancer, which are the main reasons propelling the worldwide market for digital X-ray devices, North America has dominated the market for these devices globally.
Asia-Pacific is expected to have significant growth between 2022 and 2029, which might be attributable to in 2020, the International Agency for Research on Cancer stated that there were about 95,03,710 new cases of cancer recorded in Asia; by 2025, that figure is predicted to increase to 2,06,06,063 cases. Additionally, the National Centre for Biotechnology Information states that the primary cause of mortality is cardiovascular disease (CVD).
Leading Key Companies Involved in this market are:
- Agfa-Geert Group
- Boston Imaging
- Canon Medical Systems Corp.
- Care stream Health
- Fujifilm Holdings Corporation
- GE Healthcare
- Hitachi, Ltd.
- Mind ray Medical International
- Samsung Madison
- Shimadzu Corporation and Siemens Healthcare GmbH among others.
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