Advanced x-ray machines that create digital radiographic images on computers are referred to as digital x-ray machines. These X-ray machines are equipped with sensitive detectors and plates that instantly record a picture during screening and transport it to the computer screen. The digital X-ray offers a number of advantages, including less radiation exposure time, enhanced SNR, improved linearity, and detail detectability, as well as the simple electronic conveyance of information to patients and concerned parties.
In 2021, the market for digital x-ray devices was worth USD 11.02 billion, and by 2030, it will reach USD 22.22 billion, expanding at an 8.1% CAGR during the forecast period.
The growing rate of complex disorders and rising demand for quick and simple radiography systems will drive market expansion in the coming years. Furthermore, the market will develop due to the aging population, increased investments, and rising healthcare costs.
The digital x-ray device market is expanding due to technological improvements. Modern digital X-ray systems are in more demand due to features like the capacity to process massive amounts of data and examine patients quickly. Different market participants offer digital systems using the newest technologies to increase performance and efficiency. These systems provide stitching functionality and images of diagnostic quality, enabling users to handle various applications.
Severe orthopedic conditions are becoming more common and are increasingly becoming a top public health concern. The rising rate of osteoporotic fractures, osteoarthritis, carpal tunnel syndrome, and rheumatoid arthritis are growing concerns related to orthopedic conditions.
The main obstacles to the expansion of the market for digital x-ray devices are higher costs and the significant investments necessary for installations, which raise patient costs. These factors largely impact small- and medium-sized hospitals in developing nations Because of their limited resources and resistance to implementing modern technologies.
Artificial intelligence (A.I.), which needs minimal human intervention and reduces human errors in medical imaging, will provide significant future growth opportunities. As a result, the market for digital x-ray devices is going through a period of massive R&D programs and investments.
On the basis of product, the digital x-ray devices market is segmented into mobile devices and fixed devices.
The mobile X-ray device segment will expand at the fastest rate of 4.1% CAGR during the forecast period. Healthcare facilities’ adoption of mobile imaging devices is primarily encouraged by their contribution to patient care. Also, this equipment is being used more frequently due to industry players concentrating on producing unique and improved mobile X-ray technologies. For instance, Samsung unveiled the GM85 Fit, a mobile digital radiography device, in April 2022.
On the basis of application, the digital x-ray devices market is segmented into dental, orthopedics, general imaging, and mammography.
In 2022, the general imaging segment led the market with a significant revenue share. The segment will grow at the fastest rate of more than 3.15%. This quick expansion can be due to X-ray imaging equipment’s expanding use in everyday imaging. The chest, abdomen, kidney, ureter, bladder, intestine, and other radiography are all included in general imaging.
On The basis of end-use, the market is segmented into diagnostic imaging centers, hospitals, and dental care centers.
The hospital segment ruled the entire market in 2022 with a revenue share of nearly 36.15%. This is because hospitals have started using cutting-edge medical imaging equipment. Hospitals receiving more referrals than other hospitals in the area support the use of innovative medical technology. Also, a growth in the number of patients with chronic illnesses seeking treatment in hospitals will boost segment expansion.
In 2022, North America ruled the entire market accounting for the largest revenue share of more than 31.40%. Factors contributing to the growth of this regional market are the presence of important players, major government investment in the creation of cutting-edge medical gadgets, and the introduction of revolutionary medical imaging. To support their growth and expansion objectives, businesses in the area are also implementing various methods, including partnerships, mergers, acquisitions, and distribution network enhancement. For instance, Samsung’s U.S. healthcare subsidiary NeuroLogica Corp. announced in February 2022 that its Digital Radiography and Ultrasound (D.R. & U.S.) division will operate under the moniker Boston Imaging.
Asia Pacific will be the fastest growing regional market due to the expansion of health reforms in the region. The expanding population, improved healthcare infrastructure, and a growing number of businesses joining the market are further factors stimulating the growth of this regional market. Also, the rising prevalence of several chronic diseases will promote regional market expansion.
- Hitachi, Ltd.
- Fujifilm Holdings Corporation
- Carestream Health
- General Electric Company (G.E. Healthcare)
- Koninklijke Philips N.V.
- Hologic, Inc
- Agfa-Gevaert Group
- Shimadzu Corporation
- Canon Medical Systems Corporation (Toshiba Corporation)
- Siemens Healthcare GmbH
- Samsung Electronics Co. Ltd (Samsung Healthcare)
In 2021, the market for digital x-ray devices was worth USD 11.02 billion, and by 2030 it will reach USD 22.22 billion, expanding at an 8.1% CAGR during the forecast period. Factors stimulating the growth of this market are the prevalence of orthopedic disorders and malignancies, the benefits of digital X-ray systems, technological breakthroughs, and product development.
Spinal Fusion Devices Market Report – The global spinal fusion devices market will witness a robust CAGR of 3.83%, valued at $6.86 billion in 2021, expected to appreciate and reach $9.63 billion by 2030, confirms Strategic Market Research. North America has the largest industry size, with a revenue share of over 41% in 2020. Spinal fusion is a surgery in which a surgeon permanently connects two vertebrae in the spine, eliminating motion between them.