Globally, the digital x-ray market is witnessing high growth due to factors such as technological advancements, government investments, aging population, and rising prevalence of diseases that require diagnosis. On the other hand, high cost of digital x-ray system is expected to restrain the growth of this market during the forecast period. Key players are focusing on enhancing their products to increase their shares in the market. Companies are focusing on the strategies of new product launches, regulatory approvals, partnerships, agreements, & collaborations, acquisitions, and expansions to strengthen their foothold in the market.
Based on applications, the digital x-ray market is segmented into general radiography, dental, and mammography. General Radiography is further segmented into chest imaging, orthopaedic applications, cardiovascular imaging and other applications. General radiography is expected to account for largest share of the market. Chest imaging showcase a high growth potential owing to increasing prevalence of diseases.
Based on technology, the digital x-ray market is segmented into computed radiography and direct radiography. The direct radiography segment is projected to witness the highest growth rate in this market and represents a new revenue pocket for the digital x-ray market. The growth in this market is likely to be driven by technological advancements.
Based on portability, the digital x-ray market is segmented into fixed digital x-ray systems and portable digital x-ray systems. The fixed systems market includes floor-to-ceiling mounted systems and ceiling mounted systems. The portable systems market comprises mobile x-ray systems and handheld systems. The portable systems segment is poised to witness the highest growth rate in this market due to ease of use and new product developments by companies.
Based on type of system, the digital x-ray market is segmented into new digital x-ray system and retrofit and refurbished systems. The retrofit and refurbished systems segment is poised to witness the highest growth rate in this market due to their affordable prices.
Based on end-user, the digital x-ray market is segmented into diagnostic centers and hospitals. The diagnostic centers segment is poised to witness the highest growth rate in this market due to increasing prevalence of diseases. Hospitals segment is further classified as small-sized hospitals, medium-sized hospitals and large-sized hospitals.
Based on price, the digital x-ray market is segmented into low-priced systems, medium-priced systems and premium-priced systems.
In the coming five years, growth in the digital x-ray market is likely to be centered in Asia. Growth in this region can be attributed to the high prevalence diseases. Furthermore, increasing initiatives by companies to expand their distribution network and large customer base in the Asia region is further driving the growth of this market.