The Global Digital X-ray Devices Market size is expected to reach $4.4 billion by 2028, rising at a market growth of 4.0% CAGR during the forecast period.
Digital x-ray devices refer to advanced x-ray devices which produce a digital radiographic image on computers. These X-ray devices comprise sensitive detectors & plates which capture an immediate image while screening and directly transfer it to the computer screen. The digital X-ray serves a range of benefits, including shorter radiation exposure time, improved detail detectability, linearity, and enhanced SNR, as well as the effortless transfer of information to patients & concerned individual electronically.
The digital detector arrays, commonly known as flat panel detectors, enable the user to obtain high-quality digital images better than any other imaging device. They further offer a better signal-to-noise ratio and enhanced dynamic range that results in providing high sensitivity for radiographic applications. These detectors work on two different approaches, that is, direct conversion and indirect conversion.
Indirect conversion offers a scintillator layer that converts x-ray photons into visible light photons and uses a photo diode matrix of amorphous silicon used for eventually converting the light photons into an electrical charge. The charge is proportional to energy & number of X-ray photons that interact with the detector pixel. The utilization of chemicals in technique is linked with occupational health issues and unpleasant odors.
The cost of traditionally used X-ray devices is high in terms of space, money, and time. Digital X-ray devices offer an eco-friendly and high-quality alternative. Decreased exposure to radiation for patients is another advantage of digital X-ray devices over traditional X-ray devices. Digital & analog imaging systems are different when considering image production and display patterns. Digital X-ray images use the same rule of physics as conventional imaging systems. Digital images are visualized directly on a PC instead of viewing a photographic film by using a lightbox.
The outspread of novel coronavirus across the globe has adversely affected the world’s economy. The pandemic has presented many challenges to healthcare providers. The pandemic has also affected different stages of the value chain due to strict restrictions and lockdowns imposed by the governments of several nations. In addition, the turnaround time for product and service delivery has been affected negatively because of newer packaging protocols defined by authorities in consideration of COVID-19. Due to all these factors, the digital x-ray devices market has been negatively affected as a result of disrupted manufacturing and supply chains.
Technological advancements are an important factor driving the growth of the digital x-ray device market. The demand for technologically advanced digital X-ray systems rises because of advantages such as the ability to process a vast volume of data and examine patients rapidly. Various market players are offering digital systems having the latest technologies to improve their performance and efficiency. These systems allow the users to address a wide range of applications with stitching functionality and diagnostic-quality images.
The incidence of severe orthopedic issues is rising across the globe. Orthopedic disorders are evolving as a major concern over public health. The increasing occurrence of osteoporotic fractures, osteoarthritis, carpal tunnel syndrome, and rheumatoid arthritis are some of the factors that contribute to the concern. The growing number of obese people in the region is the primary factor responsible for these rising cases of orthopedic disorders.
Digital x-ray devices are available at premium prices and need a high amount to be invested while installation. This increases the overall procedural cost for patients as well. This high cost significantly affects the adoption of new systems equipped with advanced and expensive technologies. Most of the small and medium-sized hospitals could not afford these systems, as they have low budgets.
Based on portability, the digital X-ray devices market is segmented into fixed, and mobile. The fixed segment dominated the digital X-ray devices market with the maximum revenue share. These types of x-ray systems need a transformer of large size, which is required to be built into the room. The demand for this type of x-ray device is majorly rising in developing nations with relatively slow adoption of the latest technologies.
On the basis of application, the digital X-ray devices market is fragmented into general imaging, orthopedic, dental and mammography. The dental segment covered a significant revenue share in the digital X-ray devices market in 2021. Acquiring dental X-rays is the most frequent practice carried out in dental clinics. Dental X-ray offers various advantages in dentistry, including the capability to identify the presence of infection and diagnose cavities and impacted teeth.
By end use, the digital X-ray devices market is divided into hospitals, diagnostic imaging centers and dental care centers. In 2021, the diagnostic imaging centers segment procured a remarkable revenue share in the digital X-ray devices market. The hospitals offer various departments, but diagnostic imaging centers focus only on imaging services that provide the patients with an individualized experience. Also, these centers provide same-day appointments, which eliminate the need for long waiting times as required in hospitals.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 3.4 Billion |
| Market size forecast in 2028 | USD 4.4 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 4% from 2022 to 2028 |
| Number of Pages | 216 |
| Number of Tables | 353 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Portability, Application, End-use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the digital X-ray devices market is analyzed across the North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region led the digital X-ray devices market by generating the highest revenue share. This is because of the presence of key market players in the region and favorable investment policies offered by the government. In addition, the governments in the North American nations are raising their expenditure on the development of cutting-edge medical equipment, which would support the growth of the regional digital X-ray devices market.
Free Valuable Insights: Global Digital X-ray Devices Market size to reach USD 4.4 Billion by 2028
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co., Ltd. is the major forerunner in the Digital X-ray Devices Market. Companies such as Siemens Healthineers AG, Canon, Inc. and Koninklijke Philips N.V. are some of the key innovators in Digital X-ray Devices Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Siemens Healthineers AG (Siemens AG), Koninklijke Philips N.V., Canon, Inc. (Canon Medical Systems Corporation), Carestream Health, Inc. (Onex Corporation), Fujifilm Holdings Corporation, Mindray Medical International Limited, Shimadzu Corporation, Samsung Electronics Co., Ltd. (Samsung Group) (Samsung Medison Co., Ltd.), and Konica Minolta, Inc.
By End-use
By Portability
By Application
By Geography
The global Digital X-ray Devices Market size is expected to reach $4.4 billion by 2028.
Continuous Advances In Technology & Product Development are driving the market in coming years, however, Digital X-Ray Systems Are Usually Expensive restraints the growth of the market.
General Electric (GE) Co. (GE Healthcare), Siemens Healthineers AG (Siemens AG), Koninklijke Philips N.V., Canon, Inc. (Canon Medical Systems Corporation), Carestream Health, Inc. (Onex Corporation), Fujifilm Holdings Corporation, Mindray Medical International Limited, Shimadzu Corporation, Samsung Electronics Co., Ltd. (Samsung Group) (Samsung Medison Co., Ltd.), and Konica Minolta, Inc.
The expected CAGR of the Digital X-ray Devices Market is 4.0% from 2022 to 2028.
The Hospitals segment acquired maximum revenue share in the Global Digital X-ray Devices Market by End-use in 2021 thereby, achieving a market value of $1.8 billion by 2028.
The North America market dominated the Global Digital X-ray Devices Market by Region in 2021; thereby, achieving a market value of $1.5 billion by 2028.
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