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The global digital X-ray market is expected to reach USD 16.4 billion by 2026 from an estimated USD 11.1 billion in 2021, at a CAGR of 8.1% from 2021 to 2026

·5-min read

Digital X-ray or digital radiography (DR) is a modern method of obtaining X-ray images using digital electronic sensors and a digital capturing device in place of traditional photographic film. The major factors driving the growth of this market include the increasing geriatric population and growth in disease incidence as well as favorable government regulations, investments, and initiatives.

New York, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Digital X-ray Market by Portability, Applications, Technology, System, End Users, Price Range, Type And Region - Global Forecast to 2026" - https://www.reportlinker.com/p03607250/?utm_source=GNW
The advantages of digital X-ray systems have played a key part in their adoption; their speed and accuracy, as well as quick processing times, allow for significantly higher patient screening volumes than earlier. This has pushed companies to focus on product development and innovation. However, these systems are priced at a premium, which slows their greater adoption. Other factors such as declining reimbursements, lack of infrastructure, particularly in developing and underdeveloped countries, and potential risks associated with radiation exposure are also expected to hinder the growth of this market.

Fixed digital X-ray systems accounted for the largest share of global digital X-ray market in 2020
Based on portability, the digital X-ray market is segmented into fixed digital X-ray systems and portable digital X-ray systems.Fixed digital X-ray systems include floor-to-ceiling-mounted systems and ceiling-mounted systems, while portable digital X-ray systems include mobile X-ray systems and handheld X-ray systems.

The fixed digital X-ray systems segment is expected to dominate the market during the forecast period. The availability of effective, cost-effective solutions and their wide application in diagnostics are expected to drive the adoption of fixed digital X-ray systems among healthcare providers.

Mobile X-ray systems segment accounted for the largest market share of the portable digital X-ray systems market in 2020
Mobile X-ray systems are portable and can be used at any location.The adoption of mobile X-ray systems is on the rise as they are lightweight and offer advantages such as better image quality, lower radiation exposure, and reduced screening time.

The availability of new advanced mobile X-ray systems is also expected to drive market growth.For instance, in September 2021, GE Healthcare (US) introduced AMX Navigate, a mobile digital X-ray system.

Similarly, in August 2020, Canon Medical Systems USA, Inc. (US) introduced the SOLTUS 500 Mobile Digital X-ray system.

Increasing number of facilities to meet the needs of the growing population to support the purchase of digital x-ray systems

Based on end users, the digital X-ray market is segmented into diagnostic centers, hospitals, and dental care centers.Hospitals are expected to dominate the market during the forecast period.

Hospitals constantly require advanced diagnostic systems that enable the screening and diagnosis of a large number of patients in a short time period. This is a key factor driving market growth.

The APAC market, by region, to register highest growth rate in the forecast period
The digital X-ray market is segmented into five major regions—North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.The asia-pacific market is expected to register the highest growth in the forecast period.

Growth in the digital X-ray market in the Asia Pacific is mainly driven by the growing geriatric population, particularly in Japan; increasing disposable incomes, allowing for greater affordability for advanced technologies; the rising prevalence of target diseases; and favorable government initiatives.Such factors help to drive the market for digital imaging systems in this region and draw foreign investments and partnerships.

On the other hand, low hospital budgets, high equipment costs, and a lack of government investments in some countries are limiting the growth of the market in the Asia Pacific to a certain extent.

A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1–25%, Tier 2–37%, and Tier 3– 38%
• By Designation: C-level–34%, Director-level–35%, and Others–31%
• By Region: North America–24%, Europe–32%, Asia Pacific–28%, Latin America–10%, and the Middle East & Africa–6%

The digital X-ray market is dominated by Siemens Healthineers (Germany), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), FUJIFILM Holdings Corporation (Japan), and Canon, Inc. (Japan). Other leading market players include Carestream Health (US), Shimadzu Corporation (Japan), Hologic Inc. (US), Agfa-Gevaert Group (Belgium), Samsung Medison (South Korea), and Konica Minolta (Japan).

Research Coverage
This report studies the digital X-ray market based on type, application, technology, portability, system, end user, price range, and region.It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders.

Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).

Reasons to Buy the Report
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.

This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios offered by the top players in the digital X-ray market
• Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the digital X-ray market
• Market Development: Comprehensive information on lucrative emerging regions
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the digital X-ray market
• Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
Read the full report: https://www.reportlinker.com/p03607250/?utm_source=GNW

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