Publishing: May 2021 | Report Code: LS10226 | Available Format: PDF
The global digital x-ray market is growing significantly due to development of wireless digital x-ray system in the industry, led by increasing demand for bedside imaging. In addition, integrated digital x-ray systems improve efficiency and provide cost effective solutions, and support the growth of the global digital x-ray market. Massive unexplored market in digital x-ray industry of developing economies are creating ample opportunities for the digital x-ray market to grow at a considerable rate in the coming years.
The advanced research and development facilities, leading to continuous advancement in technology, and new and innovative product developments by the companies are propelling the growth of the digital x-ray industry. Moreover, advantages of digital x-ray systems over the conventional x-ray systems are further expected to support the growth of the global digital x-ray market.
The digital x-ray market is categorized on the basis of application, technology, portability, product, and end users. On the basis of application of digital x-ray, the market can be categorized as dental, mammography, chest imaging and others. Chest and dental imaging lead the digital x-ray market by application category, while the mammography imaging segment is expected to grow with the fastest rate in the coming years, due to increasing incidence of breast cancer and rising awareness of breast cancer. On the basis of technology, the digital x-ray market is categorized as computed radiography and direct digital radiography. The direct digital radiography segment is expected to grow at a faster rate in the coming years, due to acquisition of high quality images in less time.
Based on portability, the digital x-ray market is classified as fixed digital x-ray system and portable x-ray system. On the basis of product, the digital x-ray market includes digital x-ray system and components. And on the basis of end user of digital x-ray device, the market can be categorized as hospitals, diagnostic centers and others.
Some of the factors driving the growth of global digital x-ray market are rise in geriatric population, increasing prevalence of dental, respiratory, cardiovascular and other diseases, increasing awareness programs and conferences, increasing number of systems being approved by regulatory bodies, and rise in government investment and funding. In addition, favorable returns on investment for digital x-ray systems are also fueling the growth of the global digital x-ray market. However, lack of reimbursement, high cost of digital x-ray, and strict regulatory requirements are some of the factors restraining the growth of the digital x-ray market to some extent.
Geographically, North America will be leading the global digital x-ray market in the coming years, due to increased government support and investment. Moreover, Asia-Pacific is the fastest growing region in the global digital x-ray market. The major reasons for the fastest growth of digital x-ray market in the region are increasing healthcare expenditure, large pool of patients, and improving healthcare infrastructure in the region. Moreover, the digital x-ray market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.
Some of the companies operating in the digital x-ray market are Siemens Healthcare, Toshiba Medical Systems Corporation, Philips Healthcare, Hologic, Inc., Canon, Inc., Fujifilm Medical Systems, GE Healthcare, Carestream Health, Inc., Hitachi Medical Corporation, Agfa-Gevaert N.V., Bracco Imaging S.p.A., Konica Minolta, Inc., Varian Medical Systems, Inc., and Shimadzu Corporation.
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