Digital X-Ray Equipment Market is projected to expand at an exceptional double-digit CAGR from 2022-2032 | FMI

Digital X-Ray Equipment Market Overview:

Digital X-ray equipment Market is projected to expand at an exceptional double-digit CAGR from 2022-2032.

Advances in technology, efforts to improve healthcare facilities, and an ageing population are all driving demand the demand for digital X-ray equipment.

Furthermore, increased product approvals, as well as partnerships and collaborations by key players who are striving to expand their digital X-ray equipment market share, scale up sales of digital X-ray equipment.

For example, Nanox and SK Telcom agreed to collaborate on the deployment of 2,500 Nanoxdigital X-ray Systems in South Korea and Vietnam.

Rising awareness of the availability of portable systems is one of the major factors driving the demand for digital X-ray equipment.

Low cost and ease of use are the primary benefits associated with digital X-rays that are propelling the sales of digital X-ray equipment.

Demand for digital X-ray equipment also scales up as the images are also instantly available for distribution to clinical services, eliminating the need for time and physical effort to retrieve film packets.

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This factor has a significant impact on the sales of digital X-ray equipment.

A major benefit is patients being exposed to 70-80% less radiation than traditional X-rays, thereby ensuring the safety of pregnant women and patients who are already ill, and the same is expected to accelerate the demand for digital X-ray equipment.

Dentists can now easily recognise oral issues with the help of digital X-rays, which is leading to a decrease in the need for an invasive investigation at the diagnosis stage, thereby surging the sales of digital X-ray equipment.

Furthermore, digital radiography securely stores patient X-rays, resulting in no loss on the part of the holders.

The demand for digital X-ray equipment has been significantly influenced by rising healthcare expenditures made by various governments in order to advance technological advancements in the sector.

What Factors are Influencing the Digital X-Ray Equipment Market?

The primary factor that is scaling up the sales of digital X-ray equipment is the efficiency of electromagnetic radiations that represent clear digital images through digital x-ray equipment.

The rise in demand for digital X-ray equipment is also attributable to quick healthcare delivery, improved workflow and the safety associated with the digital X-ray radiations for the living tissues.

The sales of digital X-ray equipment are majorly driven by novel technological advancements, increasing healthcare expenditure, rise in ageing population and disease prevalence.

The digital X-ray equipment market is also witnessing a highly competitive scenario that has led to large number of improved digital x-ray equipment launches where key players are focusing on rising their digital X-ray equipment market share.

Moreover, digital x-ray equipment is less expensive yet more efficient than other radiography equipment, in turn driving the demand for digital X-ray equipment.

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The adoption of digital X-ray is expected to broaden thereby spiking the sales of digital X-ray equipment as digital x-ray equipment is based on transmission of the x-ray beam, which exposes only the surfaces of the human anatomy under observation.

What is the Scope of the Digital X-Ray Equipment Market?

Digital X-ray equipment delivers medical imaging in the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to rise the demand for digital X-ray equipment.

Digital X-ray equipment has become a part of routine check-up, thereby facilitating huge sales of digital X-ray equipment.

One of the most promising areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.

In this regard, many ongoing research and development programmes have aided various companies to acquire a large digital X-ray equipment market share.

Various companies are currently conducting R&D activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.

Which Region Reigns the Digital X-Ray Equipment Market?

Depending on geographic regions, global digital X-ray equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Asia Pacific digital X-ray equipment market is expected to grow at a remarkable CAGR owing to the improving healthcare facilities and infrastructure.

Also, the expanding middle class population in the region is expected to add significant fuel to the sales of digital X-ray equipment.

Moreover, the countries of New Zealand, Australia, India, China, and Japan have ample potential and availability of advanced diagnostics and therapeutics which contribute to the sales of digital X-ray equipment globally.

The APAC region also contributes favourably to the global medical tourism and further to the global digital X-ray equipment market.

Who are the Key Players Involved in the Digital X-Ray Equipment Market?

Some of the key players in digital X-ray equipment market are Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, Agfa-Gevaert N.V. Healthcare.

Hitachi Medical Corporation, Toshiba Medical Systems, Fuji Medical Systems, and China Resources Holding Medical Equipment Company Limited are some other major digital X-ray equipment market players.

The competition in digital X-ray equipment market is primarily based on technological advances in digital x-ray equipment and the pricing of the digital x-ray equipment.

The demand for digital X-ray equipment is largely driven by technological advancements and the cost of digital X-ray equipment.

In addition, to secure a major digital X-ray equipment market share globally, the key players have engaged in various strategic alliances such as acquisitions, collaborations, and the launch of advanced products.

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Scope Of Report

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD Million, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Application, Technology, End User, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, Agfa-Gevaert N.V. Healthcare.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Key Segments:

Applications:

• Orthopaedic
• Cancer
• Dental
• Cardiovascular
• Other Applications

By Technology:

• Computed Radiography
• Direct Radiography
• By Portability:
• Fixed Systems
• Portable Systems

By End User:

• Hospitals
• Diagnostic Centres
• Other End Users

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• MEA

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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