Digital Radiography Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Digital Radiography Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Digital Radiography Market

The Digital Radiography Market size was valued at USD 19.05 billion in 2023, and the market is now projected to grow to 41.69 USD billion by 2032, exhibiting a CAGR of 5.8% during the forecast period of 2023-2030.

As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. This has affected the overall supply and demand chains of the particular market. The market growth for hormonal contraceptives is therefore expected to shrink as a result of these reasons. These factors affected the Digital Radiography Market growth.

This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. Since digital detectors can capture high-quality images quickly and expose users to less radiation than analog systems, the market for digital radiography is anticipated to grow. This is anticipated to fuel the expansion of the worldwide digital radiography market, along with the release of new cordless and lightweight flat panel detectors. To improve their position in the market, the players in the digital radiography space are trying to add cutting-edge and creative features to their products. These particular growth driving factors have been recorded to attribute the Digital Radiography Market share. A lot of growth has been observed in the recent times because of this particular factor that contributed and also acted as a catalyst to the overall development of the product market.

A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. It is projected that during the forecast period, the oncology application segment of the global digital radiography market will grow due to a number of factors, including rising incidence of breast cancer, technological advancements in breast imaging, and increased awareness of the importance of early breast cancer screening. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.

Comprehensive Analysis of Digital Radiography Market

The segmentation of this particular market has been divided and then further subdivided into various categories. The digital radiography market is divided into two segments based on product: computed radiography and direct digital radiography. Because of its advances in technology and great imaging quality, direct digital radiography held the largest share of the worldwide digital radiography market. Among the end users covered by the report are diagnostic facilities, clinics, hospitals, and others. Among the global market categories based on application are orthopedics, cancer, dentistry, general radiography, and others.

This particular region has augmented a lot in the past few years in this particular product market. This specific region held the biggest revenue share. An increasing number of healthcare settings are switching from CR-based x-ray systems to DR-based systems as a result of regulatory reforms in the United States regarding payment decreases for analog and CR-based imaging. This is the main source of income for the North American digital radiography industry. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue.

Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Varex Imaging Corporation (U.S.), AgfaGravaert Group (Belgium), FUJIFILM Holdings America Corporation (U.S.), Konica Minolta Business Solutions U.S.A., Inc. (U.S.), and Canon U.S.A., Inc. (U.S.).

In April 2021, This particular company has attributed the market growth in terms of revenue and shares system. Direct Conversion, a prominent producer and distributor of linear array digital detectors with headquarters in Stockholm, was fully acquired by Varex Imaging Corporation. This particular development and investment the global market has been recorded to be a boon for the market growth.

Segmentation Table

ATTRIBUTE DETAILS

By Product Computed Radiography

Direct Digital Radiography

By Type Dynamic

Static

By Application General Radiography

Dentistry

Oncology

Orthopedic

Others

By End User Hospital

Clinics

Diagnostic Centers

Others

By Geography North America (USA and Canada)

Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

Latin America (Brazil, Mexico and Rest of Latin America)

Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)