Australia Digital X-Ray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Australia Digital X-Ray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Australia digital x-ray market was valued at USD 193.5 million in 2021 and is projected to register a CAGR of 8.5% during the forecast period (2022-2027).

The COVID-19 pandemic had a significant impact on the digital x-ray market in Australia. Various research studies have been published to provide insight into the effects of the pandemic on the studied market. Following the National Cabinet, Australia, restrictions on some elective procedures were put in place as of March 26, 2020, to make sure the healthcare system could still handle the COVID-19 pandemic. Under these circumstances, only Category 1 and exceptional Category 2 procedures may be carried out. These limitations were reduced (but not removed) as of April 29, 2020, enabling the performance of all Category 2 and some significant Category 3 treatments. These restrictions caused a 9.2% decrease in admissions to elective surgery waiting lists between 2018–19 and 2019–20, which had an impact on elective surgery waiting times nationwide. In addition, a recent news report from September 2021 reported that in August 2021, hospitals in Western Australia had 6,000 patients waiting to be admitted. Due to the difficulties the emergency departments were having, patients were waiting for their cataract procedures as well as a new knee or hip procedure. The use of digital x-ray devices in the nation was severely impacted by the outbreak because digital x-ray scans to aid in the proper diagnosis of such infections. Over the course of the pandemic phase in Australia, the aforementioned variables had a negative impact on market growth. However, the market is expected to grow in the future.

The increasing prevalence of diseases such as Alzheimer’s disease and initiatives by key market players are expected to increase the market growth. Australia is seeing a number of changes, including the introduction of new digital x-ray products. For instance, Pearl announced in October 2021 that it had been given permission to deploy its Second Opinion AI solution to the dentistry markets in Australia and New Zealand. The Therapeutic Goods Administration (TGA) of Australia and the Medical Devices Safety Authority (MEDSAFE) of New Zealand have granted their approvals for the use of the software as an aid in dental imaging. Between 400,000 and 459,000 Australians are expected to have dementia in 2020, according to the Australian Institutes of Health and Welfare 2020 report, with Alzheimer's disease accounting for up to 70% of confirmed cases. The most prevalent kind of dementia in Australia is Alzheimer's disease. The responses of patients to mobile X-ray examinations for dementia patients residing in nursing homes were more favorable. As a result, during the course of the projected period, there will likely be an increase in demand for the digital x-ray segment in dementia analysis. Thus, the abovementioned factors are expected to increase the market growth.

However, the high cost of the equipment is expected to hinder the market growth.

Key Market TrendsPortable Systems Segment is Expected to Hold a Significant Market Share Over the Forecast Period

The major factors driving the growth of portable systems include advanced technologies, and the rising cancer prevalence, which requires point-of-care diagnostics. Patients who are in life-threatening situations need prompt care, and maybe need an on-the-spot diagnosis could benefit from a portable X-ray machine by overcoming geographic limitations. Thus, without the need to transport the patient to the X-ray room, portable X-ray machines are essential for diagnosing and monitoring the patient. In the Oceania region, Australia has some of the highest cancer incidence rates. For instance, the Globocan 2020 study from the International Agency for Research on Cancer estimates that there will be 200,021 new cases of cancer worldwide in 2020. The study added that there had been 48,236 fatalities. Digital x-ray technologies for diagnosis are anticipated to gain in popularity due to the high prevalence of cancer illnesses. Since numerous types of cancer can be diagnosed using digital x-ray imaging, there will probably be demand for this application during the predicted period. One of Australia's major diagnostic imaging companies, Sonic Imaging, teamed with annalise.ai in September 2021 to implement the latter's artificial intelligence-driven chest x-ray technology, which is primarily mobile, throughout its 100 radiology clinics. Thus, it is anticipated that the examined segment will develop over the approaching years as a result of the rising initiatives and increasing incidence of target diseases.

Competitive Landscape

Australia digital x-ray market is moderately competitive and consists of several major players. Some of the companies that are currently dominating the market are Carestream Health, Siemens Healthineers AG, GE Healthcare, Fujifilm Holdings Corporation, and Koninklijke Philips NV among others.

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