Market Size – USD 10.28 Billion in 2020, Market Growth – CAGR of 8.7%, Market Trends – Escalating demand for mobile digital x-ray systems
The global digital radiography market size is expected to reach USD 19.82 billion by 2028 at a CAGR of 8.7%, according to a new report by Reports and Data. Market revenue growth can be attributed to rapid digitization in healthcare infrastructure, growing adoption of mobile digital x-ray systems across diagnostic centers, and increasing applications in cardiovascular imaging, cancer diagnosis, mammography, and dental and orthopedic surgeries. Surge in demand for portable x-ray devices, incorporation of cutting-edge technologies such as AI in radiography systems, and rising prevalence of cancer, dental problems, orthopedic problems, and cardiovascular disorders are some key factors expected to contribute to market growth going ahead.
Digital radiography is an advanced x-ray imaging technique that produces digital radiographic images of the object examined on a computer. In this technique, x-ray radiation is first converted into electric charge and then to a digital image using a detector sensor. Digital radiography requires a digital image capture device instead of an x-ray film to produce radiographic images. Flat panel detectors, also called digital detector arrays (DDAs), are among the most commonly used radiography systems that provide higher quality images than other imaging devices and also offer an improved dynamic range and better signal-to-noise ratio. Moreover, digital radiography systems offer many other advantages such as portability, reduced inspection time, shorter exposure time, better detail detectability, enhanced digital images, data storage, and easy electronic transfer of data.
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Some Key Highlights in the Report:
In terms of application, the mammography segment is expected to account for largest revenue share over the forecast period. Rising prevalence of breast cancer worldwide, increasing public intiatives to raise breast cancer awareness among women, and development of advanced breast cancer diagnosis and imaging devices are some of the pivotal factors responsible for the revenue growth of this segment.
Based on technology, the direct radiography segment dominates other technology segments in terms of revenue. Revenue growth of this segment is majorly driven by growing usage of direct radiography systems due to various advantages such as better dynamic range, enhanced contrast detectability, improved image capture, reduced radiation exposure, higher patient throughput, and lower operational costs.
Among the regional markets, the North America digital radiography market is expected to register the fastest CAGR over the forecast period. Rising prevalence of cancer in the region, growing geriatric population, increasing burden of acute and chronic diseases, and rapidly advancing healthcare infrastructure are projected to drive market growth in North America over the forecast period.
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The report discusses in detail the top companies in the market along with their recent initiatives such as mergers and acquisitions, joint venture, partnerships, corporate and government deals, collaborations, and brand promotions and product launches among others. The report further discusses the companies’ initiatives and investments in key regions across the globe such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
Region analysis Covers:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Application Outlook (Revenue, USD Billion; 2018-2028)
Technology Outlook (Revenue, USD Billion; 2018-2028)
Flat Panel Detector
Charged Couple Device (CDD)
Portability Outlook (Revenue, USD Billion; 2018-2028)
Fixed Digital X-ray Systems
Portable Digital X-ray Systems
End-use Outlook (Revenue, USD Billion; 2018-2028)
Hospitals & Clinics
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Top Companies operating in the Market and Profiled in the Report include:
Koninklijke Philips N.V
Fujifilm Holdings Corporation
Mindray Medical International Limited
Konica Minolta Inc.
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