What Has Been the Growth of the Digital Radiography Market So Far?
The digital radiography market has seen considerable growth due to a variety of factors.
• In recent times, there has been a robust growth in the size of the digital radiography market. The market is projected to expand from $7.83 billion in 2024 to $8.46 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. The upturn during the historical period is credited to advancements in image quality, a decrease in radiation exposure, greater workflow efficiency, improved diagnostic capabilities, escalation in chronic diseases, affordable long-term solutions, and an increase in the geriatric population.
How Will the Digital Radiography Market?
The Digital Radiography market is expected to maintain its strong growth trajectory in upcoming years.
• Strong expansion is projected for the digital radiography market in the upcoming years, with estimates suggesting a growth to $12.35 billion by 2029 at a 9.9%.
compound annual growth rate (CAGR). Various factors contributing to this predicted growth within the forecast timeframe include enhancement in portable DR systems, growth in point-of-care imaging, the rise of hybrid imaging solutions, an increased emphasis on pediatric imaging, the expansion of veterinary imaging, trends towards personalized medicine, and efforts towards optimizing dosage. The forecast period is also expected to see several influential trends including a shift from analog to digital imaging, improvements in detector technologies, the emergence of wireless and mobile digital radiography systems, the integration of AI, rise of mobile x-ray units, and a move towards standardization and interoperability.
Which Factors Are Boosting Growth In The Digital Radiography Market?
The growth of the digital radiography market is projected to be fueled by the growing incorporation of digitization in the healthcare industry. Digitization involves the transition of data into a digital format, bringing multiple advantages such as instant access to health data, facilitated medical studies and investigation, seamless interaction between doctor and patient, and computerized administration tasks. As a result, the more the healthcare industry becomes digitized, the higher the demand for digital radiography becomes. To illustrate, the Government of UK reported in June 2022 that the NHS.uk website, the largest health information resource in Europe, receives an average of 80 million views per month. The NHS App, which enables users to conveniently access services, enjoys over 28 million users and is employed approximately 2.7 million times per week. The app is anticipated to be the chief means of accessing health and care services in the UK. Thus, the rising level of digitization in healthcare propels the expansion of the digital radiography market.
What Key Areas Define The Segmentation Of The Global Digital Radiography Market?
The digital radiography market covered in this report is segmented –
1) By Product Type: Computed Radiography, Direct Radiography
2) By Equipment: Detectors, Sensors, Photoconductor, Retrofit Radiography System, Scintillator, Phosphor Imaging Plate (IP), Other Equipment
3) By Portability: Fixed, Mobile
4) By Application: Dentistry, Orthopedics, Oncology, General Surgery, Mammography, Pulmonary Imaging, Cardiology, Gynecology, Other Applications
5) By End Use Industry: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Research Institutes, Other End-User Industries
Subsegments,
1) By Computed Radiography (CR): CR Systems, CR Detectors, CR Software
2) By Direct Radiography (DR): DR Systems, DR Detectors, DR Software
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How Are Emerging Trends Reshaping The Dynamics Of The Digital Radiography Market?
The progression of technology is a primary trend gaining traction in the digital radiography market. Major firms in this sector are focused on creating innovative tech solutions to bolster their market position. Notably, Carestream, a U.S. based firm that functions in the digital radiography realm, rolled out a new product named DRX Compass, a state-of-the-art digital radiology solution in February 2022. This solution offers radiologists not only accuracy and convenience, but also customization options. It grants enhanced efficiency to radiologists, remarkable diagnostic quality with the minimum patient dosage, and ease of use for technicians, thus boosting the diagnostic facility's capability and productivity.
Who Are the Key Players In The Digital Radiography Market?
Major companies operating in the digital radiography market include:
• Agfa-Gevaert Group
• Carestream Health Inc.
• Canon Inc.
• Fujifilm Holdings Corporation
• Koninklijke Philips N.V.
• Siemens Aktiengesellschaft
• GE Healthcare
• Hitachi Ltd.
• Konica Minolta Inc.
• Varian Medical Systems Inc.
• North Star Imaging Inc.
• Shimadzu Corporation
• Toshiba Medical Systems Corporation
• Bosello High Technology SRL
• Detection Technology Oyj
• COMET Group
• Hologic Inc.
• Samsung Medison Co. Ltd.
• Esaote SpA
• Mindray Medical International Limited
• Analogic Corporation
• Varex Imaging Corporation
• Ziehm Imaging GmbH
• Planmeca Oy
• Dentsply Sirona Inc.
• Villa Sistemi Medicali S.p.A.
What Is The Most Dominant Region In The Digital Radiography Market?
North America was the largest region in the digital radiography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the digital radiography market report during the forecast period. The regions covered in the digital radiography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
