Meticulous Research®, a recognized leader in market intelligence, has recently published a report titled ‘Digital X-ray Systems Market Size, Share, Forecast, Trends Analysis by Product (Fixed, Portable, Software Services), Technology (Computed, Direct), Application (Orthopedic Trauma, Chest Lung), End User - Global Forecast to 2031.’
The report forecasts that the digital X-ray systems market is set to grow to $14.33 billion by 2031, achieving a CAGR of 7.8% between 2024 and 2031. The market’s growth is driven by the increasing burden of chronic diseases, the rising adoption of teleradiology, and rapid technological advancements, making digital X-ray systems the preferred choice for many healthcare providers. However, the market’s growth could be constrained by the high costs of these systems.
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On the brighter side, emerging economies and the increasing integration of Artificial Intelligence (AI) into digital X-ray systems present significant growth opportunities. Conversely, the lack of skilled professionals poses a significant challenge to the market’s expansion.
The digital X-ray systems market is segmented based on Product Type (Fixed Digital X-ray Systems—Ceiling Mounted, Floor Mounted, Portable Digital X-ray Systems, Detectors, Software Services), Technology (Direct Radiography, Computed Radiography), Application (Orthopedic Trauma, Breast Imaging, Dental Imaging, Chest Lung Imaging, and Other Applications), End User (Hospitals Clinics, Diagnostic Imaging Centers), and Geography. The report also includes a competitive analysis and evaluates market trends at the regional and country levels.
In the Product Type segment, fixed digital X-ray systems are expected to dominate the market in 2024, accounting for 41.9% of the market share. These systems, which are further categorized into ceiling-mounted and floor-mounted units, are widely used in hospitals and diagnostic centers. The rising number of these facilities has led to increased adoption of fixed digital X-ray systems, bolstering the segment’s market share.
When it comes to Technology, the market is segmented into Direct Radiography (DR) and Computed Radiography (CR). The DR segment is projected to hold the largest share in 2024, driven by its faster image processing and higher image quality compared to CR. Moreover, DR systems have a lower risk of radiation overexposure, contributing to the segment’s growth.
The Application segment is divided into orthopedic trauma, breast imaging, dental imaging, chest lung imaging, and other applications. The orthopedic trauma segment is expected to lead the market in 2024 due to the increasing prevalence of orthopedic conditions, the advantages of digital X-ray devices over traditional ones, advancements in imaging modalities, and the rising number of road accidents.
In terms of End Users, the market is categorized into hospitals clinics and diagnostic imaging centers. The hospitals clinics segment is forecasted to dominate the market in 2024, supported by the broad range of diagnostic and surgical procedures performed in these settings, which frequently involve X-rays. The growing hospitalization rates due to the rising incidence of diseases, an aging population, and expanding healthcare infrastructure further underpin this segment’s leading position.
Geographic Overview
The report provides a detailed analysis of major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. In 2024, North America is anticipated to hold the largest share of the digital X-ray systems market at 37.6%, followed by Europe and Asia-Pacific. The region’s strong healthcare infrastructure, awareness of early disease detection, and high healthcare spending are key factors contributing to its market dominance.
KEY PLAYERS :
The key players profiled in the digital X-ray systems market report are Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), GE HealthCare Technologies Inc. (U.S.), Canon Inc. (Japan), Shimadzu Corporation (Japan), FUJIFILM Holdings Corporation (Japan), Carestream Health, Inc. (U.S.), Agfa-Gevaert NV (Belgium), Hologic, Inc. (U.S.), Konica Minolta, Inc. (Japan), Samsung Medison Co., Ltd. (South Korea), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China).
Key questions answered in the report:
- Which are the high-growth market segments in terms of product type, technology, application, end user, and geography?
- What was the historical market for digital X-ray systems across the globe?
- What are the market forecasts and estimates for 2024–2031?
- What are the major drivers, restraints, opportunities, and challenges in the digital X-ray systems market?
- Who are the major players in the digital X-ray systems market?
- What is the competitive landscape, and who are the market leaders in the digital X-ray systems market?
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