Digital Radiology Market By Product (Stationary Digital Radiology System, Portable Digital Radiology System), By Application (Cardiovascular Imaging, Chest Imaging, Dental Imaging, Digital Mammography, Orthopedic Imaging, Other Applications), By Technology (Direct Digital Radiology, Computed Digital Radiology), By End User (Hospitals, Diagnostic Clinics, Other End Users): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global digital radiology market was valued $3,942.72 million in 2020 and expected to reach $8,319.38 million by 2030, with a CAGR of 6.6% from 2021 to 2030. Digital radiology is an imaging technique in which the picture is replaced with a sensor that captures the data on the computer instantaneously during the patient examination. Generated images can be obtained, modified, deleted, and shared over computer networks. Advancements in X-ray imaging improve diagnostic accuracy and reduce radiation exposure. Furthermore, advancements led to the development of flat-panel X-ray detectors, which enhances image quality and reduces graininess.
The digital radiology market is expected to grow in terms of revenue, due to number of orthopedic and dental disorders. In addition, advancement in technology and adaptation of better healthcare facilities fuel the growth of market. Furthermore, geriatric population fuel the demand for digital radiology. Moreover, some key factors responsible for growth of the digital radiology market include, increase in injuries, advantages of digital X-ray systems over conventional X-ray systems, product development, and technological advancements. Therefore, key manufacturers focus on offering innovative technologies to end users, notably, in C-arms and fluoroscopy devices, which contribute to growth of the market. However, the factor that hinders the growth of the market is continuous radiation exposure, which leads to increase in harmful effects in patients as well as radiologists.
In addition, market suffered decline in growth, due to modern packaging rules and country imposed lockout procedures. Furthermore, turnaround time for product and service delivery has also been impacted. All of these factors negatively impact digital X-ray system manufacturing and supply chain. However, COVID-19 opened up new possibilities for digital X-ray manufactures and healthcare providers. Chest imaging considered as an alternate option for individuals with suspected or probable COVID-19 in situations when laboratory testing, Reverse transcription polymerase chain reaction (RT-PCR) is not available, or results are delayed or initially negative. Imaging tests, including chest radiography, computed topography scans, and lung ultrasounds were used to supplement clinical evaluation and laboratory data in managing COVID-19 patients.
The global digital radiology market is segmented on the basis of product, application, technology, end user, and region. On the basis product the market is segmented into stationary digital radiology system and portable digital radiology system. According to stationary digital radiology system segment, it is classified into ceiling-mounted and floor-to-ceiling mounted digital radiology systems. As per portable digital radiology system segment, it is bifurcated into handheld radiology system and mobile radiology system.
Depending on application, the market is fragmented into cardiovascular imaging, chest imaging, dental imaging, digital mammography, orthopedic imaging, and other applications. By technology, the market is divided into computed radiography and direct digital radiography. By end user, it is categorized into diagnostic center and hospital. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global digital radiology market are Agfa-Gevaert group, Cannon Inc., Detection Technology, Fujifilm, General Electrics, Medtronics, Koninklijke Phillips, Samsung,Hitachi, and Varex Imaging Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital radiology market analysis from 2020 to 2030 to identify the prevailing digital radiology market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the digital radiology market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global digital radiology market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Stationary Digital Radiology System
Portable Digital Radiology System
By Application
Cardiovascular Imaging
Chest Imaging
Dental Imaging
Digital Mammography
Orthopedic Imaging
Other Applications
By Technology
Direct Digital Radiology
Computed Digital Radiology
By End User
Diagnostic Clinics
Other End Users
Hospitals
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Agfa-Gevaert group
Cannon Inc.
Detection Technology
Fujifilm Holdings
Hitachi,Ltd
General Electrics
Medtronics
Koninklijke Phillips
Samsung Electronics Co Ltd
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