Unveiling the Future: Exploring the Digital X-ray Market

The report Digital X-ray Market by Portability (Fixed, Portable), Applications (Orthopedic, Dental, Diagnostic, Cancer, Pediatric), Technology (Direct, Computed), System (Retrofit, New), End Users, Price Range, Type, and Region – Global Forecast to 2029″, is projected to reach USD 6.6 billion by 2029 from USD 5.4 billion in 2024, at a CAGR of 4.0% from 2024 to 2029. 

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  • 200     Market Data Tables
  • 40       Figures
  • 300     Pages and in-depth TOC on “ Digital X-ray Market – Global Forecast to 2029”

Some of the prominent key players are:

  • Siemens Healthineers (Germany),
  • GE Healthcare (US),
  • Koninklijke Philips N.V. (Netherlands),
  • FUJIFILM Holdings Corporation (Japan), 
  • Canon, Inc. (Japan) and many more……

Mergers & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Digital X-ray Market.

Market Segmentation: –

  • Based on the technology, the global digital X-ray market is segmented into direct and computed radiography. The direct radiography segment is anticipated to register the highest growth rate over the forecast period. DR systems offer superior image quality to traditional film-based systems, leading to better diagnostic accuracy and patient outcomes.
  • Based on application, the global digital X-ray market is segmented into chest, cardiovascular, diagnostic, dental, cancer, and other applications. The growth in orthopedic application semgent can be attributed to several factors. Firstly, there is a growing incidence of orthopedic conditions, such as fractures, osteoarthritis, and musculoskeletal injuries, driven by factors like an aging population and increasing sports-related injuries.
  • Based on system, the digital X-ray market is segmented into retrofit and new digital x-ray systems. The hospitals and surgical segment accounts for the largest share of the market in 2022. Healthcare facilities worldwide are increasingly investing in new digital X-ray systems to upgrade their imaging capabilities and replace outdated analog and film-based systems.
  • The Asia Pacific will witness rapid growth in the digital X-ray market from 2024 to 2029 due to several key factors. Firstly, the region’s large and rapidly expanding population, rising healthcare expenditures, and increasing access to healthcare services are driving the demand for advanced diagnostic imaging solutions like digital X-ray systems. 

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Recent Developments of The Digital X-Ray Industry:

  • In March 2021, Koninklijke Philips N.V. (Netherlands)’s CombiDiagnost R90 received US FDA 510(k) clearance for CombiDiagnost R90, a high-end digital radiography-based fluoroscopy system.
  • In May 2021, Royal Philips (Netherlands) and Viamed (Spain) entered into an agreement with Viamed to install Philips’ diagnostic imaging solutions in clinical centers throughout Viamed’s network, including 11 hospitals and 15 healthcare centers, in the Andalusia, Aragon, Catalonia, La Rioja, Murcia, and Madrid regions of Spain.

One primary driver is the rising patient population and incidence of musculoskeletal disorders and sports-related injuries. Ongoing technological advancements, coupled with favorable government initiatives and investments in healthcare infrastructure, are further fueling market growth. Overall, these factors collectively contribute to the expanding digital X-ray market as it continues to revolutionize medical imaging practices.