Asia-Pacific Digital X-ray Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Digital X-ray Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific digital X-ray devices market is expected to register a CAGR of 7.5% during the forecast period.

The COVID-19 pandemic has turned the spotlight on diagnostic imaging, particularly on digital X-ray devices. Digital imaging plays a key role in the diagnosis of COVID-19 and indicates the affected lung tissue in infected patients. Several key market players had focused on innovations in the production of radiography equipment. For instance, in December 2020, Agfa HealthCare launched its new SmartXR for X-ray Artificial Intelligence (AI) for Digital Radiography portfolio to aid during the radiology routine, which has proven important during the COVID-19 crisis. Thus, during the pandemic, the digital X-rays devices market is expected to be positively impacted by COVID-19 accurate diagnosis and treatment.

The studied market growth can largely be attributed to factors, such as the increasing occurrence of orthopedic diseases and cancers, the increasing number of serious injuries, the advantages of digital X-ray systems over conventional X-rays, technological advancements, and product development.

The major advantages of digital imaging are cost-effectiveness and easy accessibility. The hospitals can manage the cost-cutting by lowering the film price, reducing the requirement of storage space, and decreasing the number of people required to run the services and archive sections. The images are also instantly available for distribution to the clinical services without the time and physical effort needed to retrieve film packets and reviewing previous imaging on a patient is much easier. This factor majorly impacts the growth of the digital X-ray devices market. Digital X-rays expose approximately 70-80% less radiation than conventional X-rays. This is hugely beneficial for the long-term health of patients, especially pregnant women or patients who are already suffering from illness, thus ensuring safety. With the help of digital X-rays, dentists can now easily recognize oral issues, which is leading to a declining need for an invasive investigation at the diagnosis stage. Additionally, digital radiography safely stores patient X-rays, resulting in no loss from the holders.

Also, due to the increase in the number of dental disorders, cardiac disorders, cancers especially breast cancer, there is an increased demand for digital ray devices globally. In October 2021, The World Health Organization data showed that cardiovascular disease (CVD) data the prevalence of Stroke is on the rise in India with as many as 18 lakh Stroke cases per annum being witnessed. It is listed the primary underlying cause of death across the region. As per the same source, Such a high prevalence of the cardiac disease among the population in the country reaped the demand for imaging devices with precise diagnosis and hence Digital X-ray devices acquire their importance in this context.

​Additionally, the advancements in technology and increasing product approvals, along with partnerships and collaborations by key players are helping in the market growth. For instance, in February 2022, Carestream Health India announced the launch of the DRX Compass, an accurate, convenient, and configurable digital radiation solution that provides radiologists with a whole new level of efficiency. In addition, DRX Compass provides versatility for configuring desired configurations from a wide range of detectors, tubes, generators, stages, and collimators, and how radiation facilities deploy this futuristic digital radiation technology.

Thus, all the aforementioned factors are currently augmenting the growth of the digital X-ray devices market. However, the high installations and device costs, along with the rise in the use of refurbished devices are likely to hinder the market growth.

Key Market TrendsPortable Systems Segment is Expected to Show Better Growth in the Forecast Years

Portable X-ray has been a valuable tool for diagnosing and monitoring patients in the healthcare setting, where transfer of patients to the radiology department is challenging. The major benefit associated with these systems is their ease of use and versatility. These X-ray systems can be operational with little to no construction costs. The portable X-ray machine has the potential to overcome location barriers, and benefit patients who are in life-threatening situations and require immediate treatment wherever they are, possibly needing an on-the-spot diagnosis. For instance, In October 2021, as per the national library of medicine, One significant benefit of using a portable X-ray is its ability to avoid transport and extra movements of patients. While Radiograph examinations using mobile imaging equipment offer less processing speed and eliminate long wait times. Portable X-ray machines can take less than 20 minutes. Additionally, Radiation exposure is one of the primary health concerns for both the patient and personnel in using traditional medical imaging equipment; however, studies show that there’s a significant reduction in radiation exposure in using portable radiology devices. Furthermore, Portable X-ray devices show potential socio-economic advantages by reducing the use of ambulance and taxi transportation, as well as personnel pull-out to accompany the patients to and from the hospital. Mobile X-rays help reduce overall cost. Hence, the advantages associated with portable X-ray is fueling the product demand.

The new launches are further propelling the market growth. For instance, in December 2020, Carestream Health demonstrated new medical imaging technologies that included DRX-Revolution Mobile X-ray System, Focus 35C Detector and Image Suite Software, and a three-dimensional extension of general radiography through digital tomosynthesis (DT) functionality, Similarly, in December 2020, Samsung showcased ceiling X-ray GC85A and mobile X-ray GM85, which have been granted ATO (Authorization to Operate) for the Risk Management Framework (RMF) program at the annual meeting of the RSNA. Also, in July 2022, Shimadzu Corporation announced the addition of the new MobileDaRt Evolution MX8 Version v type digital mobile X-ray system to the mobile X-ray system lineup, for release outside Japan. The system incorporates digital radiography (DR), which is in demand outside Japan. The advantages of portable systems and increasing product launches, the segment is expected to grow significantly over the forecast period.

Hence, owing to the factors above, the segment is believed to witness rapid growth over the forecast period.

China is Expected to Dominate the Digital X-ray Devices Market

China is expected to dominate digital x-ray devices. Growth in the digital X-ray market in China is mainly driven by the growing geriatric population, increasing disposable incomes, allowing for greater affordability for advanced technologies; the rising prevalence of target diseases; and favorable government initiatives. Such factors help to drive the market for digital imaging systems in this region and draw foreign investments and partnerships. For instance, in July 2021, as per the national library of medicine, China’s population of elderly people over 60 increased from 167 to 264 million from 2009 to 2020, an average annual increase of about 8.8 million. In addition, this number will exceed 400 million by 2050, which will account for more than 30% of the total population. One of the changes with this aging trend is the health status transition. In the past ten years, the average annual growth rate of the elderly population aged 80 and above in China has been 4.7%, which is significantly faster than those who are 60 and above. Because the physical functions of the elderly are gradually weakened as they grow older, the population of disabled and semi-disabled elderly will grow rapidly. At the end of 2020, statistics showed that among the 254 million elderly population in China, about 120 million elderly people suffered from chronic diseases, and the disabled and semi-disabled elderly population exceeded 40 million. Thus, the aforementioned factors are increasing the product demand which is fueling the market growth.

Competitive Landscape

The global players in the Asia-Pacific digital X-ray devices are Canon Inc., Koninklijke Philips N.V. (Carestream Health Inc.), Fujifilm Holdings Corporation, GE Healthcare, Hitachi Ltd, Hologic Inc, Koninklijke Philips N.V, Samsung Medison, Shimadzu Corporation, Siemens AG.

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