Digital X-Ray Market Is Expected to Surge at A CAGR of 8.0% By 2031 | Canon, Inc. (Japan), Carestream Health (US), FUJIFILM Holdings Corporation (Japan)

The digital X-ray market was valued at USD 11.4 billion in 2021 and it is anticipated to reach up to USD 24.5 billion by 2031 at a CAGR of 8.0% during the forecast period.

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Digital radiology is a radiographic technique that uses X-ray-sensitive plates to capture data directly while patient examination. Digital radiology is an advanced technique of X-ray inspection that produces the radiographic image on a computer. The picture is substituted by the sensor that collects the data in digital radiology. Digital radiology is applied in medical imaging. Digital radiology is suggested as a significant choice for clinical diagnosis, due to high-quality picture processing and less radiation exposure. Manufacturers focus on increasing qualities, comprising contrast, sharpness, and the ability to inspect injuries in real-time. Technological advancements in X-ray imaging improved diagnostic accuracy and minimized radiation dosages.

Market Trends and Drivers

The continuous technological advancements and product development are boosting the growth of the market. Technological advancements are a crucial factor in the growth of the digital X-ray market. Factors like image quality, image acquisition time, portability, detector form, and software create and rise in the demand for digital X-ray systems. The demand for advanced digital X-ray systems increases owing to benefits like their ability to process large volumes of data and examine patients rapidly. Various companies are developing digital systems with improved performance and efficiency. These systems enable radiologists to address a broad range of clinical applications with diagnostic-quality images and stitching functionality. Innovation and the development of advanced systems help boost the market for digital X-ray systems.

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Major Players in the Global Digital X-ray Market

The key players studied in the global digital x-ray market are Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Canon, Inc. (Japan), Carestream Health (US), FUJIFILM Holdings Corporation (Japan), Shimadzu Corporation (Japan), Hologic Inc. (US), Agfa-Gevaert Group (Belgium), Samsung Medison (South Korea), Konica Minolta (Japan), Shenzhen Mindray Bio-Medical Electronics Co. (China), Varex Imaging Corporation (US), MinXray, Inc. (US), and ACTEON (France).

COVID-19 Impact

The COVID-19 pandemic adversely affected the economy in 2020 and presented various challenges to clinical healthcare providers and patients across the world. COVID-19 has also impacted various stages of the value chain, primarily owing to strict lockdowns imposed by the governments of most countries. The turnaround time for the delivery of products and services has also been affected owing to newer packaging protocols and lockdown measures imposed by countries. All these factors are negatively impacting the manufacturing and supply chain of digital X-ray systems.

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Still, COVID-19 has unleashed new opportunities for digital X-ray manufacturers and healthcare providers. In settings where laboratory testing (RT-PCR) is not available, or results are delayed or are initially negative, chest imaging has been considered as an alternative approach for patients with suspected or probable COVID-19. Imaging, comprising chest radiography, CT scans, and lung ultrasounds, has been studied to complement clinical evaluation and laboratory parameters in managing patients already diagnosed with COVID-19. According to the WHO, chest radiography can be helpful in the dynamic evaluation of COVID-19 pneumonia and its complications. Resolution or the progress of lung consolidation seen on a bedside chest radiograph can help caregivers make better therapeutic management decisions. Chest imaging can also inform the management of pneumothorax or pneumomediastinum.

Market Segments

By Application

Orthopedic
Cancer
Dental
Cardiovascular
Others

By Technology

Computed Radiography
Direct Radiography

By Portability

Fixed Systems
Portable Systems

By End User

Hospitals
Diagnostic Centers
Others

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