Digital X-Ray Devices Market Forecasts to 2028 – Global Analysis By Technology (Computed Radiography and Other Technologies), By Portability (Fixed Systems, Mobile X-Ray Systems and Others), By Application (Cancer, Dental and Other Applications), End User

Digital X-Ray Devices Market Forecasts to 2028 – Global Analysis By Technology (Computed Radiography and Other Technologies), By Portability (Fixed Systems, Mobile X-Ray Systems and Others), By Application (Cancer, Dental and Other Applications), End User and By Geography.

According to Stratistics MRC, the Global Digital X-Ray Devices Market is accounted for $10461.32 million in 2022 and is expected to reach $18132.17 million by 2028 growing at a CAGR of 9.6% during the forecast period. Digital x-ray devices are one of the most recent advancements in the radiography industry, for producing high-quality radiographs, it employs a variety of solid-state detectors, including charge-coupled devices, flat panel detectors, and an x-ray source. These detectors are lightweight and compact and have become the trademark of digital radiography systems, improving image quality, equipment handling, and radiograph test accuracy. The major advantages of digital imaging are cost-effectiveness and easy accessibility. The hospitals can administer the stinginess 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 immediately 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.

According to, American Heart Association, Heart Disease and Stroke Statistics, shows that cardiovascular disease is listed as the primary underlying cause of death accounting for 19.05 million deaths all over the world in the year 2020. Such a high prevalence of 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

Market Dynamics:

Driver:

Increasing health disorders among the population

The increase in the number of dental disorders, cardiac disorders, cancers especially breast cancer, created an increased demand for digital X-ray devices globally. Such a high prevalence of cardiac disease among the population in the country raised the demand for imaging devices with accurate diagnosis and hence Digital X-ray devices acquire their importance in these circumstances. The demand for digital X-ray systems increases rapidly because of image attainment time, image quality, detector form, portability and software creation. Advantages that digital X-ray systems provide such as, their capacity to examine patients in less time and process massive data, constitute the demand for digital X-ray systems.

Restraint:

Hardware and software maintenance

The digital x-rays required hardware and software maintenance from time to time, if left unmaintained the system may have other problems that can be more costly. Hence the software and hardware should be taken considerable care and maintenance. Moreover, the thickness and rigidity of the digital detectors and the increased usage of renovation digital X-ray units due to budget constraints and are the key factors that are likely to restrain the growth of digital X-ray market. This, collective with ongoing reductions in reimbursements for diagnostic imaging scans, discourages imaging centers from investing in technologically advanced diagnostic imaging modalities, limiting the overall Digital X-ray Market growth.

Opportunity:

Less radiation compared to conventional x-rays

The Digital X-Ray devices produce less radiation than the conventional X-rays. The radiation produced by, the conventional x-ray devices are potentially high which can cause damage of the DNA. The exposure to these radiations may also increase the possibility of developing cancers, hair loss, vomiting etc. Hence digital x-ray devices are preferred over the conventional x-ray devices. In case of digital dental x-rays the use of the streamlined designs takes the pain out when the x-rays are taken. The better quality viewing capability of the device creates more opportunities for the growth of the digital x-ray devices.

Threat:

High installation and device cost

These Digital x- ray devices are highly cost ineffectual and the installation cost of the equipment is also high making it a Major threat. Moreover, the digital imaging plates and the cassettes have weight limits while using them. While diagnosing the body fluids and other liquids may damage the imaging plates, these plates are fragile and should be handled with care and replacement cost is also high. These devices only work when they have additional connections with WiFi, which makes it a major threat for the market growth.

Covid-19 Impact

The COVID-19 pandemic has twisted the attention 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. In addition, the added advantage of not needing any physical contact between the patient and the technologist has proven important during the pandemic. As the digital x-rays do not require much time to diagnose there would be less chances of spreading of the infection with immediate diagnosis to the patient during the pandemic. Hence covid19 has positively impacted the digital x-ray devices market.

The Direct Radiography segment is expected to be the largest during the forecast period

The Direct Radiography segment is estimated to have a lucrative growth, due to its much higher image quality than that of traditional film. This allows us to focus even on tiny fractures and irregularities that could have been missed on film. It provides better image quality, rapid image viewing, as well as completely digitalized setup, direct radiography systems provide high-speed workflow for technologists and speeded-up patient management, which is especially important in outpatient settings where patients need to return to home or work.

The Portable X-Ray systems segment is expected to have the highest CAGR during the forecast period

The Portable X-Ray systems segment is anticipated to witness the fastest CAGR growth during the forecast period, due to rising number of patients with chronic diseases, an increasing geriatric population with dental as well as orthopaedic complications, and rising awareness regarding the availability of portable systems. Moreover, the portable X-ray machine has the possibility to overcome location restrains and assists patients who are in life-threatening situations and require immediate treatment wherever they, possibly needing an on-the-spot diagnosis. These devices offer improved workflow and productivity which acts as a major growth factor.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the increasing adoption of healthcare systems towards sophisticated technology and the growing burden of chronic diseases such as cancer, and diabetes, in the region. These X-Ray devices have the potential to overcome location barriers and benefit patients who are in life-threatening situations and require immediate treatment wherever they possibly need an on-the-spot diagnosis. The high incidence of these chronic diseases surges the demand for accurate diagnosis and plans of efficient and on-time treatment by the healthcare provider.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increasing occurrence of orthopaedic diseases and cancers, the increasing number of serious injuries. Digital X-ray devices use digital x-ray sensors instead of films to capture images. This results in an immediate preview of the images that in the end improves time efficiency and capacity to digitally transfer images. Due to various advantages such as cost-effectiveness, easy accessibility and it’s less extent of radiation than usual X-rays has huge benefits for the patients health especially for pregnant women. All the above advantages contribute to the markets growth.

Key players in the market

Some of the key players profiled in the Digital X-Ray Devices Market include Siemens Healthineers AG, Canon Medical Systems, GE Healthcare , Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Medical Systems Corporation (Toshiba Corporation), Samsung Electronics Co. Ltd, Fujifilm Holdings Corporation, Carestream Health , Konica Minolta, Hologic Inc.

Key Developments:

In July 2022, Fujifilm announced the United States launch of the FDR Cross, an innovative hybrid c-arm and portable X-ray solution built for hospitals and ambulatory surgery centers (ASC). The dual-function c-arm is the first of its kind to offer portable fluoroscopic and radiographic imaging on a single platform, reducing the need to bring in additional imaging equipment for essential image-guided procedures.

In March 2022, Konica Minolta, Inc. launched AeroDR TX m01, a mobile X-ray system featuring a wireless dynamic digital radiography function in Japan.

In April 2021, Siemens Healthiers, a German medical device company acquired Varian for an undisclosed amount. Through this acquisition, both the firms aim at securing a position in the cancer care and healthcare system. Moreover, they're building a strong and reliable partner capable of assisting clients and patients throughout the cancer care continuum and across all key therapeutic routes. Varian is a UK-based x-ray devices manufacturing company.

Technologies Covered:
• Computed Radiography
• Direct Radiography
• Other Technologies

Portabilities Covered:
• Fixed Systems
• Mobile X-Ray Systems
• Portable X-Ray Systems
• Handheld Systems
• Floor-To-Ceiling Mounted Systems
• Ceiling Mounted Systems
• Other Portabilities

Applications Covered:
• Cancer
• Dental
• Orthopaedic
• Cardiovascular
• Chest Imaging
• Mammography
• Other Applications

End Users Covered:
• Hospitals
• Diagnostic Centers
• Dental Care Centers
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements