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Digital X-Ray Equipment Market Share 2032 | By Shimadzu, Philips Healthcare, Siemens AG, GE Healthcare

The Digital X-Ray Equipment Market is poised to grow at a substantial double-digit CAGR during the forecast period of 2022 to 2032. The market growth can be attributed to various factors such as technological advancements, increasing efforts to enhance healthcare facilities, and a growing aging population that drives the demand for digital X-ray equipment. Additionally, the increasing awareness about portable systems is one of the key factors driving the market growth.

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Major players in the market are focusing on expanding their market share and boosting sales of digital X-ray equipment through product approvals, partnerships, and collaborations. Digital X-rays offer significant advantages such as ease of use and lower cost, which are further fueling the sales of digital X-ray equipment. Moreover, the instant availability of images for efficient distribution of clinical services and elimination of the need for physical retrieval of film packets is expected to drive the demand for digital X-ray equipment.

All of these factors are expected to have a substantial impact on the sales of digital X-ray equipment in the global market.

The digital X-ray equipment market offers a significant advantage over traditional X-rays as it reduces patient exposure to radiation by 70-80%. This feature ensures the safety of pregnant women and patients who are already ill, which is expected to drive demand for digital X-ray equipment. Additionally, digital X-rays have allowed dentists to easily detect oral issues, leading to a decrease in the need for invasive investigations during the diagnosis stage, thereby boosting the sales of digital X-ray equipment. The secure storage of patient X-rays through digital radiography also ensures no loss on the part of the holders. The demand for digital X-ray equipment has been positively influenced by the increasing healthcare expenditures made by governments to advance technological advancements in the sector.

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Key Takeaways

  • The efficiency of electromagnetic radiation, which represents clear digital images through digital x-ray equipment, is a significant factor driving rising sales of digital X-ray equipment. Furthermore, the increased demand for digital X-ray equipment is due to faster healthcare delivery, enhanced workflow, and the safety of digital X-ray radiations for living tissues.
  • The primary drivers of digital X-ray equipment sales are fresh technology developments, rising healthcare expenditures, an ageing population, and illness prevalence. Furthermore, the market is through a highly competitive environment, which has resulted in a large number of upgraded digital x-ray equipment launches, with key companies focused on increasing their digital X-ray equipment market share.
  • Digital x-ray technology is less expensive while also being more efficient than other radiography equipment, which is driving demand for digital X-ray equipment. Furthermore, as digital X-rays become more widely used, sales of digital X-ray equipment are likely to increase because digital X-ray equipment is based on the transmission of the x-ray beam, which exposes just the surfaces of the human anatomy under observation.
  • Digital X-ray equipment is expected to deliver medical imaging within the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to rise the demand for digital X-ray equipment. It has further become an integral part of a routine check-up, thereby facilitating huge sales of digital X-ray equipment. Many ongoing research and development programs have aided various companies to acquire a large digital X-ray equipment market share. Digital x-ray imaging is one of the most important pillars of medical imaging.
  • One of the vital areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.
  • Various companies are currently conducting research and development activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.

Competitive Landscape

Some of the key players in the global digital X-ray equipment market are Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, Agfa-Gevaert N.V. Healthcare.

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More Insights into the Digital X-Ray Equipment Market

In North America, the medical X-ray market held the largest market share in 2021 due to the high prevalence of chronic diseases and favorable reimbursement policies. The market is expected to continue to grow due to the increasing geriatric population and rising healthcare expenditures.

Key Segments

By Application:

  • Orthopaedic
  • Cancer
  • Dental
  • Cardiovascular
  • Other Applications

By Technology:

  • Computed Radiography
  • Direct Radiography

By Portability:

  • Fixed Systems
  • Portable Systems

By End User:

  • Hospitals
  • Diagnostic Centres
  • Other End Users

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Last Updated: 16-Mar-2023