06292017Headline:

Digital X-Ray Market Driven by Awareness Programs & Aging Population

Digital radiography or digital X-ray imaging is performed with help of digital sensors instead of the conventional photographic films. This advanced technology has numerous practical advantages, which include digital transfer and enhancement of the images. These images are also efficient in bypassing chemical processing, which makes them more detailed and accurate as far as the diagnosis is concerned. The global digital X-ray market is expected to witness healthy growth, mainly because of the growing demand. This demand is predominantly driven by the aging population, instances of diseases and awareness efforts from the authorities and governments. Changing healthcare scenario in emerging regions is also expected to help this industry on global scale.

Scope of Research – Segmentation

The global digital x-ray market is segmented on the basis of the products, portability types, applications, technologies, prices, end-users, and demand across different geographic regions. The types of products include systems like retrofit and new systems and software along with their components like CCD, CMOS and flat panel sensors. The types of technologies used in the market include direct and computed radiography. On the basis of flexibility, the global digital X-ray market is segmented into portable (handheld and mobile) and fixed (ceiling mounted and floor to ceiling mounted) systems. Major applications of these products range from the diagnostics of dental, mammography, chest imaging and others.

Drivers and Restraints

According to the experts, the global market is strongly driven by the growth in the aging population. This growth is also impacting the instances of different diseases that require such diagnostic procedures. Government investment and various awareness programs, summits and conferences that propel the demand on global scale, FDA approval, and practical advantages of these systems over the conventional ones are creating strong growth prospects for the market. Technological advancements and favorable return on investments for these systems are also expected to drive more business for the market. Major restraining factors for the market include lack of reimbursement and numerous regulatory procedures.

Forecasts

As per the latest market research reports, the global digital X-ray market is expected to rise at a healthy growth rate. By 2018, the global market is expected to maintain a steady CAGR of over 13%, in order to reach past $8,710 million by 2018. During the next few years, Asian market is expected to witness the highest compound annual growth rate. This growth is triggered by the growing awareness and healthcare initiatives by the governments. Development of wireless systems and integrated X-ray systems are also expected to create strong growth prospects in this market, on global scale. Technological advancements also happen to hold the key of success for this industry.

What Next?

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