Global Digital Radiography Market - Trends, Analysis, and Forecast till 2024

 rajkumar bisen

Increasing health consciousness and growing awareness about the same are leading to higher footfalls in diagnostic laboratories. This is contributing towards overall growth of diagnostics market. Furthermore, digitization in healthcare sector is easing patient diagnosis, providing accurate and faster test results. X-ray being the most conventional and effective diagnostic tool, digitization in the X-ray system has gained a strong foothold in diagnostic laboratories across the globe. Also, with more research in this field, introduction of mobile digital x-ray systems have further improved the global digital radiography market outlook. Digital radiography finds application in dental, chest imaging, orthopedic, and mammography. Ease of operating with mobile systems, increasing demand for portable and mobile equipment is growing rapidly in digital x-ray market. The rapidly declining user base of analog systems would further contribute towards growth of digital radiography market.

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The global digital radiography market was valued at US$ 7,538.8 million in 2015 and is expected to witness a moderate CAGR of 5.9% during the forecast period (2016 – 2024).

Market Dynamics

Rise in number of accidents, growing prevalence of dental disorders, and increasing prevalence of breast cancer are some of the vital factors that are expected to fuel growth of the digital radiography market in the near future. Novel products and diagnostic systems in dentistry are projected to reshape the world dentistry market in the near future, with the utilization of the digital radiography technique expected to favor early detection of teeth related disease such as caries and cavities. This in turn is projected to favor growth of the digital x-ray market over the forecast period. According to Straumann CMD 2012, digitalization will further change value chain & workflows for dentists and laboratories along with the provision of digital scanning, which will provide a 3D-view of the oral situation. Furthermore, rising number of bone disorders due to increasing elderly population is expected to favor the digital radiography market over the forecast period.

Market Taxonomy

This report segments the global digital radiography market on the basis of application, device type, portability, end user, and geography. On the basis of application, the market is categorized into chest imaging applications, orthopedic applications, cardiovascular imaging applications, dental applications, mammography applications and other applications. On the basis of device type, the market is categorized into direct radiography and computed radiography, in which direct radiography is further divided into charge coupled device (CCD) and flat panel detector. On the basis of portability, the market is categorized into fixed digital radiography systems, retrofit digital radiography systems and mobile digital radiography systems. On the basis of end-user, the market is categorized into diagnostic centers, hospitals and dental clinics. For comprehensive understanding of market dynamics, the global gynecological devices market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Rising aging population to increase consumer base of digital radiography market

Aging results in weakening of the immune system. Thus, the elderly population is at a major risk of chronic diseases such as chronic respiratory disease, cardiovascular disorders, dental issues, and orthopedic disorders. According to the World Population Prospects report (2015) by the United Nations (UN), the global population aged 60 years and above is projected to increase by 56% from 901 million in 2015 to 1.4 billion by 2050. This growth rate is faster than the growth of population in other age groups. The report mentions that Japan is home to world’s most aged population (33% in 2015). Aging population exerts pressure on the health budget of the nation leading to increase in demand for cost-effective solutions. This in turn, would generate a more positive digital radiography market outlook.

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Key companies covered as a part of this study include 3DX-Ray, Anritsu Infivis, Bosello High Technology, COMET, GE Healthcare, Mettler-Toledo International, Nikon, North Star Imaging, VJ Technologies, Fujifilm Holdings, Philips Healthcare, Shimadzu Corporation, Toshiba Medical System Corporation, Carestream Health

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Domain: Medical
Category: Biotech/Pharma
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