Global Digital X-ray Devices Market by Applications; by Technology; by Portability; by System; by End User; by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa): Global Forecasts 2021 To 2027

The Global Digital X-ray Devices Market was valued at USD 6.1 Bn by 2020 and is expected to reach USD 10.8 Bn by 2027, with a growing CAGR of 9.0% during the forecast period.

Digital X-ray Devices Market Definition

Digital x-ray devices are advanced x-ray devices that produce digital radiographic image directly on the computers. Digital x-ray devices use x-ray sensitive detectors & plates that capture an immediate image during screening which is directly transferred on a computer screen without any cassette. Digital x-ray provides set of advantages such as shorter radiation exposure time, enhanced detail detectability, improved SNR, and linearity, and effortless transfer of information to the customers electronically.

Digital X-ray Device Market

Digital X-ray Devices Market Dynamics

The driving factors for the global digital x-ray devices industry include growing advances in diagnostic devices, penetration of robotics in medical devices, rising number of chronic diseases such as cancer, diabetes and orthopedic abnormalities, technological advancements in healthcare, and increasing demand for electronic diagnostic reports. Moreover, rise in product development further boost the growth of digital x-ray devices industry during the forecast period. Rising government initiatives promoting research & development in x-ray devices, growing collaborations of medical devices companies with IT companies uplifts the growth of the digital x-ray devices market. On the contrary, stringent regulatory policies for the approval of diagnostic devices and lack of reimbursement policies obstruct the growth of the digital x-ray devices market.

 Global Digital X-ray Devices Market Segmentation:

  • By Applications
    • General Radiography
    • Mammography
    • Dental Applications
    • Fluoroscopy
  • By Technology
    • Direct Radiography
    •  Computed Radiography
  • By Portability
    • Portable Digital X-Ray Systems
    • Fixed Digital X-Ray Systems
  • By System
    • New Digital X-Ray Systems
    • Retrofit Digital X-Ray Systems
  • By End User
    • Hospitals
    • Diagnostic Centers
    • Others
  • By Region
    • North America
    •  Europe
    •  Asia-Pacific
    •  Latin America
    • Middle East & Africa

Company Profiles and Competitive Intelligence

The key players operating in the Digital X-ray Devices market are:

  1. Carestream Health
  2. Fujifilm Holdings Corporation
  3. GE Healthcare
  4. Hitachi, Ltd.
  5. Hologic, Inc
  6. Koninklinje Philips NV
  7. Shimadzu Corporation
  8. Siemens Healthineers
  9. Canon Medical Systems Corporation (Toshiba Corporation)
  10. Samsung Electronics Co. Ltd (Samsung Healthcare)
  11. Agfa-Gevaert N.V.
  12. Konica Minolta
  13. Nanoxand SK Telcom
  14. Varian Medical System
  15. Toshiba Medical System
  16. Planmed
  17. Bennett
  18. MinXRay
  19. Kubtec
  20. Source Ray, Inc.
  21. RMS India
  22. Aribex

Based on application, general radiography accounted for highest market share in 2020 and is expected to increase more during forecast period owing to improved diagnostic assessment

Based on application, digital x-ray devices market is segmented into general radiography, mammography, dental applications, and fluoroscopy. General radiography held the maximum market share in 2020 due to rise in chronic diseases examination and enhance cancer diagnosis. General radiography is mostly used in mammography with early disease detection` and helps to reduce mortality rate.

Based on technology, direct radiography segment is expected to hold the highest market share during forecast period due to its effective dynamic range and accurate image readability

Based on technology, Digital X-ray Devices market is broadly segmented into direct radiography and computed radiography. Direct radiography is projected to register maximum market share during the forecast period as it provides excellent image quality, decrease radiation exposure which prove to be safer for patients and a direct digital radiography system is more efficient across the board. Moreover, direct radiography provides image management and lower the operational costs that fuel the growth of this segment in the digital x-ray devices market.

Based on portability, portable digital x-ray systems held the largest market share in 2020 and is expected to increase more during the forecast period due to rising awareness regarding the availability of portable systems

Based on portability, digital x-ray devices market is segmented into portable digital x-ray systems and fixed digital x-ray systems. Portable digital x-ray systems are expected to witness highest market share during the forecast period owing to rising demand for mobile & portable devices and technological advances in the x-ray systems. Moreover, increasing prevalence of chronic diseases, growing geriatric population, and having high feasibility of using portable x-ray device boost the growth of Digital X-ray Devices market. Another parameter such as ease of device storage, ease of accessibility and combat the location barriers problems uplifts the growth of Digital X-ray Devices market.

Based on geographical region, North America held the largest market share in 2020 and is expected to increase more during forecast period due to increase in adoption of sophisticated diagnostic technology

Based on geographic region, North America accounted for highest market share in 2020 and is expected to increase more during forecast period owing to local presence of dominating players and penetration of advanced technology in medical devices. Moreover, growing burden of epidemic diseases and rising number of key players in this region leverage the growth of digital x-ray devices market in North America.

The report also provides an in-depth analysis of digital x-ray devices market dynamics such as drivers, restraints, opportunities, and challenges

Drivers

  • Growing aging population & Increasing prevalence of chronic diseases such as cancers
  • Penetration of AI and robotics in diagnostics procedures
  • Decrease in radiation exposure and ease of data interpretation
  • Rising orthopedic problems 

Restraints

  • Stringent regulatory policies for product approvals
  • Inflated cost of digital x-ray system

Opportunity

  • Emergence of key market players
  • Development of AI-based digital x-ray system

Challenges  

  • Poor medical reimbursement policies
  • Insufficient imaging infrastructure in developing countries such as India, Mexico, and China

COVID-19 Impact on the Digital X-ray Devices Market Analysis

Covid-19 has effectively impacted the growth of digital x-ray devices. Covid –19 outbreak led to increase in number of lungs screening procedures. The sudden influx of covid infected patients amplified the demand for x-ray diagnosis procedures across the globe. Growing demand for effective & sensitive x-ray diagnostic procedures diverted the attention of medical device companies towards the development & manufacturing of advanced technology-based x-ray device in the market. COVID-19 outbreak gained huge importance in diagnostic imaging as there was need for x-ray lung diagnosis to the patients are who were critically infected. For instance, in December 2020, Agfa Healthcare launched its new product as ‘SmartXR’ that is artificial intelligence based for digital radiography portfolio that would provide accurate assistance during radiology routine. This created opportunity for major market players for the development of digital x-ray devices.

The report also provides an in-depth analysis of key trends in Digital X-ray Devices market

Sr. No. Trends Impact
1 The emergence of artificial intelligence and robotic-enabled medical x-ray system Positive
2 Rising investment in diagnostic devices as well as growing penetration of technology in healthcare Positive

The report also provides an in-depth analysis of recent news developments and investments

  • In October 2021, Philips announced the milestone achievement of promising results of a clinical trial study directed by Radboudumc by setting new safety & accuracy standards in the diagnosis of small peripheral lung wounds. The study represents a new innovative clinical diagnostic standard for lung cancer at an early stage.
  • In August 2020, Canon Medical introduced innovative mobile digital x-ray system to enhance the performance and versatility of the image. This system has facilities that can streamline bedside examination to enhance the productivity and workflow.
  • In March 2021, Philips launched its innovative AI-enabled Precise Suite solution for CT platform that would accelerate the CT workflow to help and build diagnostic confidence and to provide patient compliance. This product offers AI-enabled image reconstruction and motion free cardiac image provided precision in dose, speed, and quality of image.

The unique insights provided by this report also includes the following:

  1. In-depth Value Chain Analysis
  2. Opportunity Mapping
  3. Sector Snapshot
  4. Key Players Positioning Matrix
  5. Regulatory Scenario
  6. Strategies Adopted-Benchmarking Heat Map
  7. Market Trends
  8. Covid-19 Impact Analysis
  9. Product Comparison
  10. Pre & Post COVID 19 Impacts on Digital X-ray Devices Market
  11. Competitive Landscape

Frequently Asked Questions (FAQs)

The global market was valued at USD 6.1 Bn in 2020 and is anticipated to reach USD 10.8 Bn by 2027.

The global market is estimated to grow at a compound annual growth rate (CAGR) of 9.0% during forecast period.

In the base year 2020, North America held the largest share in the market.

Stringent regulatory policies for product approval restraint the growth of market.

As per expert opinions, increase in chronic diseases, increase in penetration of AI in diagnostics, growing awareness regarding available Digital X-ray Devices and increase geriatric population will drive the growth market.

Few key players include, but not limit up to: Carestream Health, Fujifilm Holdings Corporation, GE Healthcare, Hitachi, Ltd.,Hologic, Inc, Koninklinje Philips NV, Shimadzu Corporation, and Siemens Healthineers among other players.

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  1.  Introduction
    1. Product Outline
    2. What is Digital X-ray Device?
    3. Analysis of Digital X-ray Device Market
    4. COVID -19 Impact
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
  2. Regulatory Landscape for Digital X-ray Device
    1. Regulations and Standards
  3. Digital X-ray Device Market by Applications
    1. General Radiography
    2. Mammography
    3. Dental Applications
    4. Fluoroscopy
  4. Digital X-ray Device Market by Technology
    1. Direct Radiography
    2. Computed Radiography
  5. Digital X-ray Device Market by Portability
    1. Portable Digital X-Ray Systems
    2. Fixed Digital X-Ray Systems
  6. Digital X-ray Device Market by System
    1. New Digital X-Ray Systems
    2. Retrofit Digital X-Ray Systems
  7. Digital X-ray Device Market by End User
    1. Hospitals
    2. Diagnostic Centers
    3. Others
  8. Regional Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. Germany
      2. UK
      3. France 
      4. Spain
      5. Italy
      6. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. Rest Of Asia Pacific
    4. Latin America
      1. Brazil
      2. Mexico
      3. Rest of Latin America
    5. Middle East and Africa (MEA)
      1. GCC
      2. Rest of MEA
  9. Key Strategic Insights
  10. Market Analysis
    1. Opportunity Mapping
    2. Critical Success Factors
    3. Consumer Preferences
  11.  Key Market Trends / Recent Developments
  12. Competitive Scenario
    1. Mergers and Acquisitions
    2. Investments
    3. Joint Ventures
    4. New Product Launches
    5. Ranking of Key Players
  13. Key Global Players
    1. Carestream Health
    2. Fujifilm Holdings Corporation
    3. GE Healthcare
    4. Hitachi, Ltd.
    5. Hologic, Inc
    6. Koninklinje Philips NV
    7. Shimadzu Corporation
    8. Siemens Healthineers
    9. Canon Medical Systems Corporation (Toshiba Corporation)
    10. Samsung Electronics Co. Ltd (Samsung Healthcare)
    11. Agfa-Gevaert N.V.
    12. Konica Minolta
    13. Nanoxand SK Telcom
    14. Varian Medical System
    15. Toshiba Medical System
    16. Planmed
    17. Bennett
    18. MinXRay
    19. Kubtec
    20. Source Ray, Inc.
    21. RMS India
    22. Aribex

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