Global Digital X Ray Market is Estimated to Value Over USD 14 Billion by 2026 End

  • 27 Sep 2019

The Global Digital X-ray Market is estimated to value over USD 14 billion by the 2026 end grow over a CAGR of 8% during the forecast period of 2019-2026. 

 

The market for X-ray imaging in last twenty years has since experienced much growth with regards to the latest developments in radiology. This is due to two major reasons, one of them being the cost-effectiveness and the other is easy accessibility. The hospitals reduce the need for storage space, cut back on costs owing to the reduction in the film price and reducing the number of people required to operate the services. All these factors are responsible for the global digital X-ray market growth.

The images are easily made available for distribution to the clinical services. This means that the time consumption and the physical labour which is needed to obtain and review previous imaging and film packets on a patient is relatively simpler. As compared to the regular X-rays, digital X-rays projects somewhere between 70% to 80% less radiation. This is particularly advantageous keeping in mind the long-term health of patients, most notably like pregnant women or patients, who are already affected by other ailments. All these facilities ensure their safety. Digital X-rays also helps digital practitioners, dentists to identify oral issues, which is leading to a declining need for an invasive investigation at the diagnosis stage. Digital X-rays are shown to be much more effective than traditional photographic films because of the time reduced time factor and better quality and visibility. Another benefit to this method is that, unlike traditional radiography, no follow-up appointment is needed as the film of the X-ray has already been processed. 

The market for mammography, along with its consumption and production has seen an exponential rise. This is owing to the fact that many women belonging to different racial groups in North America do not have the necessary economic resources for regular mammography facilities. This is where the mobile mammography program comes to actually benefit them. Mobile mammography provides them with the essential treatment such as infrastructure, necessary equipment and a helpful team of professionals. These factors play a role in building an economically feasible mobile mammography program.

North America is expected to account for much of the world's dominance in the area of digital marketing and has been anticipated to propel into the largest commonly used imaging method in the United States. In the United States, their government has passed a new legislature known as the Consolidated Appropriations Act of 2016, which for more digital imaging over other methods such as cutting back on medicare payments to the hospitals and clinics with the help of computed radiography (CR) or analog x-rays for imaging studies. 

 

Key market players include Koninklijke Philips NV, Fujifilm Holdings Corporation, GE Healthcare, Siemens Healthineers, Canon Medical Systems Corporation (Toshiba).

 

Global Digital X-ray Market Segmentation: 

By Product Type:

  • Analog X-Ray 
  • Digital X-Ray 

By Application:

  • Cardiovascular 
  • Orthopedic
  • Dental 
  • Cancer
  • Other 

By Technology:

  • Direct Radiography
  • Radio Radiography 

By Portability:

  • Hand Systems 
  • Fixed Systems
  • Mobile Systems
  • Portable Systems

By End User: 

  • Hospitals
  • Diagnostic Centers

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

 

FutureWise Key Takeaways: 

  • Growth prospects

  • SWOT analysis

  • Key trends

  • Key data-points affecting market growth

 

Objectives of the Study:

  • To provide with an exhaustive analysis on the global digital X-rays by product type, by application, by technology, by portability, by end user and by region

  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

  • To evaluate and forecast micro-markets and the overall market

  • To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and rest of the world

  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

 

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