The Global Digital X-ray Devices Market is expected to reach USD 10.8 Bn by 2027, with a growing CAGR of 9.0% during the forecast period (2021-2027).
The driving factors influencing the growth of the global Digital X-ray Devices market include increasing penetration of artificial intelligence in healthcare, and an upsurge for dental & oral cancer cases across the globe. Moreover, the rise in product approvals, increasing government initiatives in terms of funding and grants for research, and rising healthcare expenditure fuels the growth of the digital x-ray devices market. However, lack of awareness regarding available digital x-ray products and skilled healthcare professionals hinders the growth of the digital x-ray devices industry during the forecast period.
Ongoing research and developments in digital technologies helps to improve diagnosis by keeping low dose. Parameters such as faster acquisitions enhance the quality of the image. Faster acquisitions enable advances in imaging applications helps to extend the functions of conventional radiology system. For instance, Carestream’s newest medical imaging technology ‘Digital Tomosynthesis and Dual Energy’ helps to provide images with more accurate diagnosis. Secondly, gaining optimal dose efficiency contribute to the increase in demand in the market. Moreover, radiation dose for dual energy solution is proved to be equivalent to the single chest PA X-ray along with more diagnostic information. This invention creates awareness regarding availability of more efficient technology for medical diagnosis. Besides, emergence of 3D imaging technology in healthcare is thriving the growth of digital x-ray devices industry. For instance, Carestream has invested in advanced imaging technology to defeat the limitations. Scientific advancement in healthcare is expected to resonate with the growth of the industry across the globe.
The covid-19 outbreak is expected to have positive impact on the growth of Digital X-ray Devices industry due to rise in number of lung screening of infected patients and growing collaborations of pharmaceutical & IT companies for research and development of devices. The primary complication associated with covid –19 is a pulmonary infection, which requires continuous chest x-ray monitoring. This is the first line diagnosis treatment for covid-19 infected patients. The visibility of pulmonary parenchymal patterns and other abnormalities are visible in chest x-ray imaging. This uplifted the use of digital x-ray machines during covid outbreak which leveraged the growth of digital x-ray devices market across the globe.
Global Digital X-ray Devices Market by Region Outlook (Revenue, USD Million, 2021-2027)
Based on region, North America dominated the growth of industry due to high penetration of artificial intelligence and robotics in healthcare. However, Asia-Pacific is expected to witness the fastest market growth with highest CAGR due to ongoing research on development of diagnostic devices and growing number of aging populations.
The Global Digital X-ray Devices Market Segmentation:
Company Profiles and Competitive Intelligence
The key players operating in the Digital X-ray Devices market are: