Digital X-Ray Systems Market to Grow at a CAGR of 7.45% through 2026
Rising geriatric population is
anticipated to drive the growth of global digital X-ray systems market in the
forecast period.
According to TechSci Research report, “Global Digital X-Ray Systems Market By Technology (Direct
Radiography v/s Computed Radiography), By Modality (Fixed v/s Mobile), By
Application (General Radiography, Dental Applications, Mammography, Others), By
End Users (Hospitals & Clinics, Diagnostic Centers, Others), By Region,
Competition Forecast & Opportunities, 2026”, the global digital X-ray systems market stood at USD11.74 billion in
2020 and is expected to grow at a CAGR of 7.45%, during the forecast period. This can be
ascribed to the rising prevalence of diseases like orthopedic disorders,
cancers / tumors, cardiovascular diseases (CVD), pneumonia and dental
disorders. The increase in the number of these diseases and requirement for
early detection is driving the growth of the global digital X-ray systems
market in the upcoming five years. Digital X-ray devices use digital X-ray sensors
instead of films to capture images, provide immediate preview of the results, which
improves time efficiency and capacity to digitally transfer images. Digital X-ray
systems have various advantages over conventional X-ray systems like the quality
of image, user friendliness, lesser image acquisition time, among others.
Additionally, digital X-ray systems provide real time faster results which
allows a greater number of patients to be screened in a given time, this in
turn leads to lesser exposure to radiations. All these factors are expected to
fuel the market growth. However, digital X-ray systems are quite expensive therefore
most of the small and medium-sized hospitals are unable to afford these
systems. This in turn is expected to slow down the market growth through 2026. The high cost of digital X-ray systems also pushes end users
towards refurbished systems, which directly cuts the overall sales of new and advanced
systems. Moreover,
the market suffers majorly due to the lack of reimbursement through health
insurances. New investors may work on bringing the latest technologies at a more
cost efficient level. Additionally, stringent regulatory processes further
restrict the market growth.
Browse over 161 market data Figures spread
through 214 Pages and an in-depth TOC on "Global Digital X-ray
Systems Market"
https://www.techsciresearch.com/report/digital-x-ray-systems-market/7387.html
The global digital X-ray systems market is
segmented by technology, modality, application, end users, and regional
distribution. Based on application, the market is further segmented into
general radiography, dental applications, mammography, and others. The general
radiography segment held the largest market share in 2020 of around 44.26%.
This can be ascribed to the growing prevalence
of target diseases such as osteoporosis, cardiovascular diseases, tuberculosis,
among others. Furthermore, growing geriatric population which is more
susceptible to injuries & falls and different chronic diseases is further
expected to drive the segmental growth over the next few years. An increasing
number of COVID-19 cases has also increased the demand as digital X-ray systems
play a key role in the diagnosis of COVID-19 and indicates the affected lung
tissue in infected patients. X-ray systems have good applications in dental
treatments as well. Thus, the market is driving towards the anticipated growth
based on these factors. In terms of end users, the market can be fragmented
into hospitals & clinics, diagnostic centers and others. The hospitals
& clinics segment dominated the market in 2020 and is expected to continue
its dominance over the next few years because hospitals & clinics have
proper infrastructural facilities, and they can easily make the investment
required to have digital x-ray systems installed in their x-ray rooms. The
diagnostic centers segment will witness significant growth over the next few
years owing to the penetration of large diagnostic chains worldwide who are
creating a huge demand for digital x-ray systems.
Some of the major competitors in the market are
Siemens Healthineers AG, GE Healthcare Inc., Koninklijke Philips N.V., Canon
Medical Systems Corporation, Fujifilm Holdings Corporation, Shimadzu
Corporation, Hologic Inc, Bracco Imaging S.p.A., Neusoft Medical Systems Co.,
Ltd., Agfa-Gevaert N.V., Samsung Medison Co., Ltd., Konica Minolta, Inc., Varex
Imaging Corporation, KUB Technologies, Inc., MinXray, Inc., among others. These
companies are adopting organic strategies such as mergers & acquisitions,
product launches, among others in order to stay competitive in the market and
are having an edge over the other players in the industry. For instance, In
April 2021, Fujifilm Holdings Corporation completed the acquisition of
Hitachi's diagnostic imaging business.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7387
Customers can also request for 10% free
customization on this report.
“North
America is expected to hold a dominant position in the global digital x-ray
systems market over the forecast period, owing to the increasing number of
patients suffering from arthritis. Additionally, the number of adults in the
United States with doctor-diagnosed arthritis is projected to reach 78.4
million by 2040 which accounts for 25.9 percent of all adults in the United
States as per the Arthritis Foundation Fact sheet, 2019. Along with the
government support and FDI investments the market is anticipated to reach an
impressive growth in next five years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based Global management consulting firm.
“Global
Digital X-Ray Systems Market By Technology (Direct Radiography v/s Computed
Radiography), By Modality (Fixed v/s Mobile), By Application (General
Radiography, Dental Applications, Mammography, Others), By End Users (Hospitals
& Clinics, Diagnostic Centers, Others), By Region, Competition Forecast
& Opportunities, 2026”, has evaluated the
future growth potential of global digital X-ray systems and provides statistics
and information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in global digital x-ray systems.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com/