Digital X-Ray Market Analysis and Forecast to 2031: By Application (Orthopedic, Cancer, Dental, Cardiovascular, Others), Technology (Computed Radiography, Direct Radiography), Portability (Fixed System, Portable Systems), End User (Hospital, Diagnostic Ce
Description
Digital X-Ray Market Analysis and Forecast to 2031: By Application (Orthopedic, Cancer, Dental, Cardiovascular, Others), Technology (Computed Radiography, Direct Radiography), Portability (Fixed System, Portable Systems), End User (Hospital, Diagnostic Centers, Others), and Region
The digital X-ray market was valued at USD 11.4 billion in 2021 and it is anticipated to reach up to USD 24.5 billion by 2031 at a CAGR of 8.0% during the forecast period.
Digital radiology is a radiographic technique that uses X-ray-sensitive plates to capture data directly while patient examination. Digital radiology is an advanced technique of X-ray inspection that produces the radiographic image on a computer. The picture is substituted by the sensor that collects the data in digital radiology. Digital radiology is applied in medical imaging. Digital radiology is suggested as a significant choice for clinical diagnosis, due to high-quality picture processing and less radiation exposure. Manufacturers focus on increasing qualities, comprising contrast, sharpness, and the ability to inspect injuries in real-time. Technological advancements in X-ray imaging improved diagnostic accuracy and minimized radiation dosages.
Global Digital X-ray Market Scope and Report Structure
Market Trends and Drivers
The continuous technological advancements and product development are boosting the growth of the market. Technological advancements are a crucial factor in the growth of the digital X-ray market. Factors like image quality, image acquisition time, portability, detector form, and software create and rise in the demand for digital X-ray systems. The demand for advanced digital X-ray systems increases owing to benefits like their ability to process large volumes of data and examine patients rapidly. Various companies are developing digital systems with improved performance and efficiency. These systems enable radiologists to address a broad range of clinical applications with diagnostic-quality images and stitching functionality. Innovation and the development of advanced systems help boost the market for digital X-ray systems.
Market Restraints and Challenges
The key factor hindering the growth of the market is the high cost of digital x-ray systems. Digital X-ray systems are priced at a premium and require high investments for installations, which boosts the procedural cost for patients as well. This affects the adoption rate of new systems, especially in emerging economies. Most small and medium-sized hospitals cannot afford these systems, as their budgets are low or restricted. Healthcare facilities that purchase such costly systems often depend on third-party payers (like Medicare, Medicaid, or private health insurance plans) for reimbursements for costs incurred in diagnostic, screening, and therapeutic procedures performed using these systems. The high cost of digital X-ray systems also pushes end users toward refurbished systems, directly affecting the sales of new and advanced systems. This, along with continuous cuts in reimbursements for Digital X-ray scans, prevents imaging centers from investing in technologically advanced Digital X-ray modalities, which hinders the growth of the overall market.
Global Digital X-ray Market Segmental Overview
The report analyses the global digital x-ray market based on application, technology, portability, end user, and region.
Global Digital X-ray Market by Application
Based on application, it is segmented into orthopedic, cancer, dental, cardiovascular, and others. The orthopedic segment is likely to dominate the market during the forecast period. The key factors such as growing geriatric population coupled with subsequent growth in disease incidence are boosting the growth of the market.
Global Digital X-ray Market by Technology
Based on technology, it is segmented into computed radiography, and direct radiography. The direct radiography segment is likely to dominate the market during the forecast period. The factors such as effective dynamic range, better medical evaluation, superior and accurate image capture, and reduced radiation exposure are boosting the growth of the market.
Global Digital X-ray Market by Portability
Based on portability, it is segmented into the fixed system, and portable systems. The fixed system is likely to dominate the market during the forecast period. The key factors such as the increasing prevalence of target diseases coupled with high demand for early diagnosis and Digital X-ray, and technological advancements in the digital X-ray systems market are boosting the growth of the market.
Global Digital X-ray Market by End User
Based on end user, it is segmented into hospital, diagnostic centers, and others. The hospital end user segment is likely to dominate the market during the forecast period. The key factors such as increasing occurrence of orthopedic and other chronic diseases, and advantages of digital x-ray systems over conventional x-rays are boosting the growth of the market.
Geographical Analysis of Global Digital X-ray Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North American region is likely to dominate the market during the forecast period. The key factors such as the implementation of government initiatives coupled with flexibility in image management are boosting the growth of the market.
Major Players in the Global Digital X-ray Market
COVID-19 Impact
The COVID-19 pandemic adversely affected the economy in 2020 and presented various challenges to clinical healthcare providers and patients across the world. COVID-19 has also impacted various stages of the value chain, primarily owing to strict lockdowns imposed by the governments of most countries. The turnaround time for the delivery of products and services has also been affected owing to newer packaging protocols and lockdown measures imposed by countries. All these factors are negatively impacting the manufacturing and supply chain of digital X-ray systems.
Still, COVID-19 has unleashed new opportunities for digital X-ray manufacturers and healthcare providers. In settings where laboratory testing (RT-PCR) is not available, or results are delayed or are initially negative, chest imaging has been considered as an alternative approach for patients with suspected or probable COVID-19. Imaging, comprising chest radiography, CT scans, and lung ultrasounds, has been studied to complement clinical evaluation and laboratory parameters in managing patients already diagnosed with COVID-19. According to the WHO, chest radiography can be helpful in the dynamic evaluation of COVID-19 pneumonia and its complications. Resolution or the progress of lung consolidation seen on a bedside chest radiograph can help caregivers make better therapeutic management decisions. Chest imaging can also inform the management of pneumothorax or pneumomediastinum.
Recent Developments
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The digital X-ray market was valued at USD 11.4 billion in 2021 and it is anticipated to reach up to USD 24.5 billion by 2031 at a CAGR of 8.0% during the forecast period.
Digital radiology is a radiographic technique that uses X-ray-sensitive plates to capture data directly while patient examination. Digital radiology is an advanced technique of X-ray inspection that produces the radiographic image on a computer. The picture is substituted by the sensor that collects the data in digital radiology. Digital radiology is applied in medical imaging. Digital radiology is suggested as a significant choice for clinical diagnosis, due to high-quality picture processing and less radiation exposure. Manufacturers focus on increasing qualities, comprising contrast, sharpness, and the ability to inspect injuries in real-time. Technological advancements in X-ray imaging improved diagnostic accuracy and minimized radiation dosages.
Global Digital X-ray Market Scope and Report Structure
Market Trends and Drivers
The continuous technological advancements and product development are boosting the growth of the market. Technological advancements are a crucial factor in the growth of the digital X-ray market. Factors like image quality, image acquisition time, portability, detector form, and software create and rise in the demand for digital X-ray systems. The demand for advanced digital X-ray systems increases owing to benefits like their ability to process large volumes of data and examine patients rapidly. Various companies are developing digital systems with improved performance and efficiency. These systems enable radiologists to address a broad range of clinical applications with diagnostic-quality images and stitching functionality. Innovation and the development of advanced systems help boost the market for digital X-ray systems.
Market Restraints and Challenges
The key factor hindering the growth of the market is the high cost of digital x-ray systems. Digital X-ray systems are priced at a premium and require high investments for installations, which boosts the procedural cost for patients as well. This affects the adoption rate of new systems, especially in emerging economies. Most small and medium-sized hospitals cannot afford these systems, as their budgets are low or restricted. Healthcare facilities that purchase such costly systems often depend on third-party payers (like Medicare, Medicaid, or private health insurance plans) for reimbursements for costs incurred in diagnostic, screening, and therapeutic procedures performed using these systems. The high cost of digital X-ray systems also pushes end users toward refurbished systems, directly affecting the sales of new and advanced systems. This, along with continuous cuts in reimbursements for Digital X-ray scans, prevents imaging centers from investing in technologically advanced Digital X-ray modalities, which hinders the growth of the overall market.
Global Digital X-ray Market Segmental Overview
The report analyses the global digital x-ray market based on application, technology, portability, end user, and region.
Global Digital X-ray Market by Application
Based on application, it is segmented into orthopedic, cancer, dental, cardiovascular, and others. The orthopedic segment is likely to dominate the market during the forecast period. The key factors such as growing geriatric population coupled with subsequent growth in disease incidence are boosting the growth of the market.
Global Digital X-ray Market by Technology
Based on technology, it is segmented into computed radiography, and direct radiography. The direct radiography segment is likely to dominate the market during the forecast period. The factors such as effective dynamic range, better medical evaluation, superior and accurate image capture, and reduced radiation exposure are boosting the growth of the market.
Global Digital X-ray Market by Portability
Based on portability, it is segmented into the fixed system, and portable systems. The fixed system is likely to dominate the market during the forecast period. The key factors such as the increasing prevalence of target diseases coupled with high demand for early diagnosis and Digital X-ray, and technological advancements in the digital X-ray systems market are boosting the growth of the market.
Global Digital X-ray Market by End User
Based on end user, it is segmented into hospital, diagnostic centers, and others. The hospital end user segment is likely to dominate the market during the forecast period. The key factors such as increasing occurrence of orthopedic and other chronic diseases, and advantages of digital x-ray systems over conventional x-rays are boosting the growth of the market.
Geographical Analysis of Global Digital X-ray Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North American region is likely to dominate the market during the forecast period. The key factors such as the implementation of government initiatives coupled with flexibility in image management are boosting the growth of the market.
Major Players in the Global Digital X-ray Market
COVID-19 Impact
The COVID-19 pandemic adversely affected the economy in 2020 and presented various challenges to clinical healthcare providers and patients across the world. COVID-19 has also impacted various stages of the value chain, primarily owing to strict lockdowns imposed by the governments of most countries. The turnaround time for the delivery of products and services has also been affected owing to newer packaging protocols and lockdown measures imposed by countries. All these factors are negatively impacting the manufacturing and supply chain of digital X-ray systems.
Still, COVID-19 has unleashed new opportunities for digital X-ray manufacturers and healthcare providers. In settings where laboratory testing (RT-PCR) is not available, or results are delayed or are initially negative, chest imaging has been considered as an alternative approach for patients with suspected or probable COVID-19. Imaging, comprising chest radiography, CT scans, and lung ultrasounds, has been studied to complement clinical evaluation and laboratory parameters in managing patients already diagnosed with COVID-19. According to the WHO, chest radiography can be helpful in the dynamic evaluation of COVID-19 pneumonia and its complications. Resolution or the progress of lung consolidation seen on a bedside chest radiograph can help caregivers make better therapeutic management decisions. Chest imaging can also inform the management of pneumothorax or pneumomediastinum.
Recent Developments
- January 2022, Mireya Imaging Inc., has launched an AI-based Software for X-ray Patient Positioning, this intelligent imaging technology automates the patient positioning process for X-ray examinations and will eliminate the need for manual measurements and body part alignment.
- September 2021, GE Healthcare introduced a new fixed and overhead tube suspension digital X-ray system called Definium Tempo which serves as a personal assistant to radiologist and technologist in reducing their workflow burdens.
- March 2021, Koninklijke Philips N.V. received US FDA 510 (k) clearance for Combi Diagnost R90, a high-end digital radiography-based fluoroscopy system.
- August 2020, GE Healthcare received FDA 510(k) clearance for Pristina Serena Bright, a contrast-enhanced mammography solution for biopsy.
- November 2018, Siemens Healthineers introduced Multix Impact, a floor-mounted radiography system, at the Congress of the Radiological Society of North America in Chicago, US.
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Table of Contents
167 Pages
- Chapter 1. Market Introduction
- 1.1. Objectives of the study
- 1.2. Market definition and research & scope
- 1.3. Research methodologies
- 1.4. Market estimation techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key highlights of the market
- Chapter 3. Digital X-ray Market Outlook
- 3.1. Digital X-ray market segmentation
- 3.2. Market dynamics
- 3.2.1. Market drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s five forces analysis
- 3.3.1. Threat of new entrants
- 3.3.2. Threat of substitutes
- 3.3.3. Bargaining power of buyers
- 3.3.4. Bargaining power of supplier
- 3.3.5. Competitive rivalry
- 3.4. Pestle analysis
- 3.5. Value chain analysis
- 3.5.1. Raw material suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers and/or retailers
- 3.6. Impact of the Russia and Ukraine war on the global Digital X-ray market
- Chapter 4. The Economic Impact of Covid-19
- 4.1. Overall impact of covid-19
- 4.2. Impact of covid on the global Digital X-ray market
- 4.3. Economic impact analysis
- Chapter 5. Digital X-ray Market by Application
- 5.1. Market overview
- 5.2. Orthopedic
- 5.2.1. Market size and forecast, 2021-2031 ($million)
- 5.2.2. Market size and forecast, by region, 2021-2031 ($million)
- 5.3. Cancer
- 5.3.1. Market size and forecast, 2021-2031 ($million)
- 5.3.2. Market size and forecast, by region, 2021-2031 ($million)
- 5.4. Dental
- 5.4.1. Market size and forecast, 2021-2031 ($million)
- 5.4.2. Market size and forecast, by region, 2021-2031 ($million)
- 5.5. Cardiovascular
- 5.5.1. Market size and forecast, 2021-2031 ($million)
- 5.5.2. Market size and forecast, by region, 2021-2031 ($million)
- 5.6. Others
- 5.6.1. Market size and forecast, 2021-2031 ($million)
- 5.6.2. Market size and forecast, by region, 2021-2031 ($million)
- Chapter 6. Digital X-ray Market by Portability
- 6.1. Market overview
- 6.2. Computed Radiography
- 6.2.1. Market size and forecast, 2021-2031 ($million)
- 6.2.2. Market size and forecast, by region, 2021-2031 ($million)
- 6.3. Direct Radiography
- 6.3.1. Market size and forecast, 2021-2031 ($million)
- 6.3.2. Market size and forecast, by region, 2021-2031 ($million)
- Chapter 7. Digital X-ray market by Portability
- 7.1. Market overview
- 7.2. Fixed Systems
- 7.2.1. Market size and forecast, 2021-2031 ($million)
- 7.2.2. Market size and forecast, by region, 2021-2031 ($million)
- 7.3. Portable Systems
- 7.3.1. Market size and forecast, 2021-2031 ($million)
- 7.3.2. Market size and forecast, by region, 2021-2031 ($million)
- Chapter 8. Digital X-ray Market by End User
- 8.1. Market overview
- 8.2. Hospitals
- 8.2.1. Market size and forecast, 2021-2031 ($million)
- 8.2.2. Market size and forecast, by region, 2021-2031 ($million)
- 8.3. Diagnostic Centers
- 8.3.1. Market size and forecast, 2021-2031 ($million)
- 8.3.2. Market size and forecast, by region, 2021-2031 ($million)
- 8.4. Others
- 8.4.1. Market size and forecast, 2021-2031 ($million)
- 8.4.2. Market size and forecast, by region, 2021-2031 ($million)
- Chapter 9. Global Digital X-ray Market, by region
- 9.1. Overview
- 9.2. North America
- 9.2.1. Key market trends and opportunities
- 9.2.2. North America Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.2.3. North America Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.2.4. North America Digital X-ray market size and forecast by country, 2021-2031, ($million)
- 9.2.5. The u.s.
- 9.2.5.1. The u.s. Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.2.5.2. The u.s. Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.2.6. Canada
- 9.2.6.1. Canada Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.2.6.2. Canada Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.2.7. Mexico
- 9.2.7.1. Mexico Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.2.7.2. Mexico Digital X-ray market size and forecast by End User Application, 2021-2031, ($million)
- 9.3. Europe
- 9.3.1. Key market trends and opportunities
- 9.3.2. Europe Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.3. Europe Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.3.4. Europe Digital X-ray market size and forecast by country, 2021-2031, ($million)
- 9.3.5. Germany
- 9.3.5.1. Germany Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.5.2. Germany Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.3.6. France
- 9.3.6.1. France Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.6.2. France Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.3.7. U.k.
- 9.3.7.1. U.k. Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.7.2. U.k. Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.3.8. Spain
- 9.3.8.1. Spain Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.8.2. Spain Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.3.9. Italy
- 9.3.9.1. Italy Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.9.2. Italy Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.3.10. Russia
- 9.3.10.1. Russia Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.10.2. Russia Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.3.11. Rest of Europe
- 9.3.11.1. Rest of Europe Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.3.11.2. Rest of Europe Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.4. Asia-pacific
- 9.4.1. Key market trends and opportunities
- 9.4.2. Asia-pacific Digital X-ray market size and forecast by country, 2021-2031, ($million)
- 9.4.3. Asia-pacific Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.4.4. Asia-pacific Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.4.5. China
- 9.4.5.1. China Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.4.5.2. China Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.4.6. India
- 9.4.6.1. India Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.4.6.2. India Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.4.7. Japan
- 9.4.7.1. Japan Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.4.7.2. Japan Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.4.8. South Korea
- 9.4.8.1. South Korea Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.4.8.2. South Korea Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.4.9. Rest of APAC
- 9.4.9.1. Rest of APAC Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.4.9.2. Rest of APAC Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.5. Rest of the world
- 9.5.1. Key market trends and opportunities
- 9.5.2. Rest of the world Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.5.3. Rest of the world Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.5.4. Rest of the world Digital X-ray market size and forecast by country, 2021-2031, ($million)
- 9.5.5. Latin America
- 9.5.5.1. Latin America Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.5.5.2. Latin America Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.5.6. Middle east
- 9.5.6.1. Middle east Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.5.6.2. Middle east Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- 9.5.7. Africa
- 9.5.7.1. Africa Digital X-ray market size and forecast by Application, 2021-2031, ($million)
- 9.5.7.2. Africa Digital X-ray market size and forecast by End User, 2021-2031, ($million)
- Chapter 10. Competitive Landscape
- 10.1. Market overview
- 10.2. Market share analysis/key player positioning
- 10.3. Developmental strategy benchmarking
- 10.3.1. New End User development
- 10.3.2. Application launches
- 10.3.3. Business expansions
- 10.3.4. Partnerships, joint ventures, and collaborations
- 10.3.5. Mergers and acquisitions
- Chapter 11. Company Profiles
- 11.1. Siemens Healthineers (Germany)
- 11.1.1. Company snapshot
- 11.1.2. Financial performance
- 11.1.3. Application offerings
- 11.1.4. Key strategic initiatives
- 11.1.5. SWOT analysis
- 11.2. Koninklijke Philips N.V. (Netherlands)
- 11.2.1. Company snapshot
- 11.2.2. Financial performance
- 11.2.3. Application offerings
- 11.2.4. Key strategic initiatives
- 11.2.5. SWOT analysis
- 11.3. GE Healthcare (US)
- 11.3.1. Company snapshot
- 11.3.2. Financial performance
- 11.3.3. Application offerings
- 11.3.4. Key strategic initiatives
- 11.3.5. SWOT analysis
- 11.4. Canon, Inc. (Japan)
- 11.4.1. Company snapshot
- 11.4.2. Financial performance
- 11.4.3. Application offerings
- 11.4.4. Key strategic initiatives
- 11.4.5. SWOT analysis
- 11.5. Carestream Health (US)
- 11.5.1. Company snapshot
- 11.5.2. Financial performance
- 11.5.3. Application offerings
- 11.5.4. Key strategic initiatives
- 11.5.5. SWOT analysis
- 11.6. FUJIFILM Holdings Corporation (Japan)
- 11.6.1. Company snapshot
- 11.6.2. Financial performance
- 11.6.3. Application offerings
- 11.6.4. Key strategic initiatives
- 11.6.5. SWOT analysis
- 11.7. Shimadzu Corporation (Japan)
- 11.7.1. Company snapshot
- 11.7.2. Financial performance
- 11.7.3. Application offerings
- 11.7.4. Key strategic initiatives
- 11.7.5. SWOT analysis
- 11.8. Hologic Inc. (US)
- 11.8.1. Company snapshot
- 11.8.2. Financial performance
- 11.8.3. Application offerings
- 11.8.4. Key strategic initiatives
- 11.8.5. SWOT analysis
- 11.9. Agfa-Gevaert Group (Belgium)
- 11.9.1. Company snapshot
- 11.9.2. Financial performance
- 11.9.3. Application offerings
- 11.9.4. Key strategic initiatives
- 11.9.5. SWOT analysis
- 11.10. Samsung Medison (South Korea)
- 11.10.1. Company snapshot
- 11.10.2. Financial performance
- 11.10.3. Application offerings
- 11.10.4. Key strategic initiatives
- 11.10.5. SWOT analysis
- *the list of company is subject to change during the final compilation of the report
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