Europe Digital X-Ray Market- Growth, Trends, and Forecasts (2023 - 2028)

Europe Digital X-Ray Market- Growth, Trends, and Forecasts (2023 - 2028)

The Europe Digital X-Ray Market is expected to grow with a CAGR of 12.08% in the forecast period. The factors that are responsible for the growth of the market include increasing incidence of diseases requiring X-ray diagnoses like orthopedic diseases, cancers, etc., increasing technological advancements and growing applications of these devices, and advantages of digital X-ray over conventional X-ray.

According to the Cancer Atlas, there were an estimated 3.9 million new cancer cases and 1.9 million cancer deaths in Europe in 2018. Female breast cancer, colorectum, lung, prostate cancers are the most common cases in the continent. 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 and mostly used.

Europe Digital X-Ray market TrendsThe Cardiovascular Segment is Expected to Have the Maximum Share in the Forecast Period

The major factors driving the growth of the segment in the region are the increasing adoption of sedentary and unhealthy lifestyles, the growing incidence of cardiovascular diseases in the continent and the advantages of the digital X-ray over conventional devices. According to European Cardiovascular Disease Statistics 2017, each year cardiovascular disease(CVD) causes 3.9 million deaths in Europe. CVD is the main cause of death in men in all but 12 countries of Europe and is the main cause of death in women in all but two countries. Levels of obesity are high across Europe in both adults and children, increasing the risk of cardiovascular diseases.

Europe Digital X-Ray market Competitive Analysis

The market is consolidated, and a few companies are currently dominating the market. These companies include GE Healthcare, Koninklijke Philips NV, Fujifilm Holdings Corporation, Siemens Healthineers, etc. The competition in the market is majorly based on technological advances and the pricing of digital X-ray equipment.

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