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

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

Spain digital x-ray market was valued at USD 247.69 million in 2021 and is projected to register a CAGR of 6.45% during the forecast period (2022-2027).

The COVID pandemic had an adverse effect on the digital x-ray market growth. According to a June 2021 article in the European Union of Private Hospitals, general hospitals in Spain added 5,000 new professionals while increasing their staff by 6% in 2020 compared to 2019. This was due to the country's hospital admission rate, which was about 33% for COVID-19 patients. However, there were serious problems with the healthcare professionals, as, at any given time, about 26.3% of the person tested positive for COVID. According to a research study titled "Radiologic diagnosis of patients with COVID-19" that was published in February 2021, imaging tests are crucial to the identification and management of these patients and have been used to diagnose the illness, gauge its severity, direct treatment, and evaluate treatment effectiveness. The great majority of scientific and radiological groups currently advise against using imaging tests as screening instruments for COVID-19 detection. Instead, they ought to be saved for analysing complications.

Additionally, according to data from the Organization for Economic Co-operation and Development, the average wait time for a specialist assessment for a hip replacement in Spain climbed from 146.7 days in 2019 to 153.6 days in 2020. Similar to this, the average wait time for knee replacement surgeries in the nation increased to 207.5 days in 2020 from 190.6 days in 2019. Such lengthening wait times have slowed down treatment processes and early illness diagnosis. However, the demand for digital x-ray imaging across medical facilities in Spain is projected to rise in the post-pandemic era because it can aid in the effective interpretation of knee or hip scans. Thus, the market is expected to grow in the future.

Factors such as increasing chronic disorders coupled with increasing initiatives by market players are expected to increase the market growth. Factors such as the rising incidences and prevalence of chronic diseases, increase in regulatory approvals and rising investment in diagnostic imaging centers are some of the key aspects driving the market. Over the past few years, the incidence of osteoarthritis cases has increased in Spain. The prevalence of osteoarthritis in Spain in one or more of the locations studied was 29.35%, according to a study titled "Prevalence of symptomatic osteoarthritis in Spain: EPISER2016 study" that was published in April 2020 by researchers from the Servicio de Reumatologa, INIBIC-Hospital Universitario A Corua. Osteoarthritis was common in the cervical region (10.10) and the lumbar region (15.52%), which may lead to the incresed demand of digital x-ray in the country for the diagnosis purpose.

Moreover, the GE Healthcare-engineered program, which can be used with conventional digital X-ray scanners, allows doctors to view images of pneumonia-affected lungs as though they were 3D slices of the body. Siemens Healthineers launched Ysio X.pree1 in June 2020, the first intelligent X-ray system with built-in AI for streamlining image acquisition procedures in radiography. Siemens Healthineers also provides its new CE-labeled AI-Rad Companion Chest X-ray, an AI-supported piece of software, to help radiologists with the subsequent picture post-processing. Thus, due to abovementioned factors the market is expected to grow in the future.

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

Fixed digital X-ray systems come in a number of variants such as floor-to-ceiling mounted Systems and ceiling-mounted systems, each suitable for a different purpose, and tailor-made to suit the radiology applications and requirements. Over the past few years, the incidence of cancer cases has increased in Spain. According to the Globocan 2020 study by the International Agency for Research on Cancer, Spain's predicted five-year prevalence of breast cancer cases in 2020 was 137,270. Additionally, 858,220 instances of all cancer were predicted to occur in Spain over a five-year period in 2020, according to the same survey. The high prevalence of various cancer conditions in Spain is anticipated to increase the demand for digital x-rays used in diagnostics. During the projected period, this is anticipated to accelerate market expansion.

Furthermore, the pandemic times screening process is being improved and speed up by the incorporation of cutting-edge technologies into the traditional digital X-ray machines. For instance, in June 2020, medical professionals at the Morales Meseguer University Hospital in Murcia, Spain's southeast, will use a digital radiography tool called 3D tomosynthesis to rapidly add depth to chest X-rays. Doctors may browse photos of the pneumonia-affected lungs as though they were 3D slices of the body thanks to an application developed by GE Healthcare that can be placed on traditional digital X-ray machines. The country's advancements are raising people's knowledge of these instruments' effectiveness. In May 2021, Viamed, one of Spain's top private hospital groups, and Royal Philips, a world leader in health technology, announced that Philips had been chosen to install the newest advanced diagnostic imaging solutions in clinical centres across the Viamed network, assisting the group's medical staff in further improving patient care.

The need for digital X-rays is rising, and more individuals are being admitted to hospitals for chronic illnesses. These trends are accelerating the segment's expansion.

Competitive Landscape

Spain digital x-ray market is moderately competitive and consists of several major players. Some of the companies that are currently dominating the market are Siemens Healthineers AG, GE Healthcare, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, and Koninklijke Philips N.V. among others.

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