Digital X-ray Device Market Size: Trends, Future Growth and Research Development Report to 2025 | Canon Inc., GE Healthcare, Hitachi Medical Corporation, Fujifilm Corporation
Pune, Maharashtra, India, August 17 2020 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –: Digital X-ray Device Market unveils a succinct analysis of the market size, regional spectrum and revenue forecast about the Digital X-ray Device Market. Furthermore, the report points out major challenges and the latest growth plans embraced by key manufacturers that constitute the competitive spectrum of this business domain.
Global Digital X-ray Device Market is valued at USD 8.77 Billion in 2018 and expected to reach 16.45 USD Billion by 2025 with the CAGR of 8.1% over the forecast period.
Increasing instances of orthopaedic diseases and cancers, notable benefits of digital x-rays, vast area of digital x-ray applications and growing technological developments are the major factors for driving the growth of Global Digital X-ray Device Market.
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Scope of Global Digital X-ray Device Market Report-
Digital radiography (X-ray) is a form of X-ray imaging in which a digital X-ray sensor is used in place of conventional photographic film. This has the additional benefits of time efficiency and the efficacy to digitally transmit the image, and can improve image visibility. This method bypasses the chemical treatment of the film. The lesser requirement for radiations is the factor of its preference over traditional x-rays.The main advantages of digital imaging are cost efficiency and ease of access. Hospitals can reduce costs by lowering the price of films, reducing the need for storage space, and reducing the number of people needed to manage services and archives. These images can also be immediately distributed to clinical departments without having to spend time and effort retrieving the film pack and viewing the patient’s previous imagery.The radiation from digital X-rays is about 70% to 80% lower than that from traditional X-rays. This is very beneficial for the long-term health of already sick patients, especially pregnant women or patients, thus ensuring safety. Thanks to digital radiographs, dentists can now easily identify oral problems, which has led to a decrease in the demand for invasive exams during the diagnostic phase. In addition, digital radiography can safely store the patient’s X-rays differing from conventional x-ray devices.
Global Digital X-ray Device Market is segmented on the basis of application, end-user, portability, technology, system and price. On the basis of application, the market is segmented into general radiography, cancer, orthopedic, mammography, cardiovascular, fluoroscopy and dental applications. On the basis of technology, market is segmented into direct and computed radiography. On the basis of end-user, the market is segmented into hospitals and diagnostic centers. On the basis of portability, the market is segmented into fixed and portable systems. On the basis of system, retrofit and new digital x-ray systems. On the basis of price, the market is segmented into low, medium and high prices digital x-ray systems.
The regions covered in this Digital X-ray device market report are North America, Europe, Asia Pacific and rest of the World. On the basis of country level, market of Digital X-ray device is subdivided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, South East Asia, Africa, etc.
Digital X-ray Device Manufacturers-
Digital X-ray device Market report covers major key players in the market like,
Hitachi Medical Corporation
Koninklijke Philips NV
Global Digital X-ray Device Market Dynamics-
Increasing instances of orthopaedic diseases and cancers, notable benefits of digital x-rays, vast area of digital x-ray applications and growing technological developments and a spurring growth in geriatric population, are the major factors for driving the growth of Global Digital X-ray Device Market. As per the analysis of World Health Organization (WHO), the annual count of cancer cases is expected to surpass 17 million in 2020 and 27 million in 2030. This calls for a fast detection of cancer-causing cells in human body for their early treatment which is made possible by digital x-ray devices. Moreover, increased incorporation of AI-based systems and growing investments and multiple initiatives by government to set regulations preferring digital radiography are some of the others factors that are favouring the growth of Digital X-ray device market.
However, high installation costs for small and medium sized hospitals and diagnostic centres as well as expensive diagnosis prices for consumers might act as a restraining factor for the growth of the market.
AI has found its place in various radiography applications. Several large companies are working towards incorporating AI-powered algorithms in a fast and speedy detection of high-end diseases and tumours that cause cancers, hence these firms are investing heavily in the development of the technology in their healthcare units. Such a wide scale incorporation of Artificial Intelligence into radiography has opened a scope of lucrative opportunities for digital x-rays in future.
North America is expected to remain a dominant region in the Global Digital X-ray Device Market.
North America is the dominant region in the market with the largest share of the global Digital X-ray device market, the transition from traditional X-ray imaging to digital imaging is a rapid process and is expected to become the most widely used imaging method in the United States. New US Consolidated Appropriations Act 2016 Reduces Payment to Hospitals and Clinics for Medical Insurance That Uses X-ray Computer (CR) Photography or Analog Radiography for Imaging Studies, and claims that digital imaging is superior to other methods. In the United States, this move to digital imaging is expected to significantly improve patient care. Therefore, increased technological innovation and government policies contribute to market growth in North America.
The growth of the Asian digital X-ray market is mainly driven by the growth of the elderly population, mainly in India and China, increase in disposable income of people, advancement in technology, rising prevalence of diseases and favorable government initiatives. Various conferences and fairs have also been organized in Asia to raise awareness of radiology and imaging equipment, such as the Radiology Asia Conference held in Singapore in May 2017. These programs help promote the Asian market for imaging systems, digital imagery and attract foreign investments and partnership. Based on the statistics presented by World Health Organization (WHO) in its publications, ‘Assessing he costs of Aging and Healthcare’, China and India have a huge number of old population numbering to 110 million and 60 million, respectively. This probes the need for a rapid development in Digital X-ray systems in the region.
Key Benefits of Global Digital X-ray Device Market Report-
Global market report covers in depth historical and forecast analysis.
Global market research report provides detailed information about Market Introduction, Market Summary, Global Market Revenue (USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Digital X-ray Device Market Segmentation: –
By Application: General radiography, Cancer, Orthopedic, Mammography, Cardiovascular, Fluoroscopy
By Technology: Direct radiography, Computed radiography
By System: Retrofit X-ray devices, New Digital X-ray devices
By End-User: Hospitals, Diagnostic Centres
By Portability: Fixed systems, Portable systems
By Price: Low-priced, Medium-priced, High-priced
By Regional Analysis:
North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Table of Content
1 Study Coverage
1.1 Digital X-ray Device Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Digital X-ray Device Market Size
2.2 Digital X-ray Device Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Digital X-ray Device Markets & Products
3 Market Size by Manufacturers
3.1 Digital X-ray Device Production by Manufacturers
3.2 Digital X-ray Device Revenue by Manufacturers
3.3 Digital X-ray Device Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Digital X-ray Device Production by Regions
4.1 Global Digital X-ray Device Production by Regions
4.2 North America
5 Digital X-ray Device Consumption by Regions
5.1 Global Digital X-ray Device Consumption by Regions
5.2 North America
5.4 Asia Pacific
5.5 Central & South America
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