The Global Digital X-ray Devices Market was valued at USD 6.1 Bn by 2020 and is expected to reach USD 10.8 Bn by 2027, with a growing CAGR of 9.0% during the forecast period.
Digital x-ray devices are advanced x-ray devices that produce digital radiographic image directly on the computers. Digital x-ray devices use x-ray sensitive detectors & plates that capture an immediate image during screening which is directly transferred on a computer screen without any cassette. Digital x-ray provides set of advantages such as shorter radiation exposure time, enhanced detail detectability, improved SNR, and linearity, and effortless transfer of information to the customers electronically.
Digital X-ray Devices Market Dynamics
The driving factors for the global digital x-ray devices industry include growing advances in diagnostic devices, penetration of robotics in medical devices, rising number of chronic diseases such as cancer, diabetes and orthopedic abnormalities, technological advancements in healthcare, and increasing demand for electronic diagnostic reports. Moreover, rise in product development further boost the growth of digital x-ray devices industry during the forecast period. Rising government initiatives promoting research & development in x-ray devices, growing collaborations of medical devices companies with IT companies uplifts the growth of the digital x-ray devices market. On the contrary, stringent regulatory policies for the approval of diagnostic devices and lack of reimbursement policies obstruct the growth of the digital x-ray devices market.
Global Digital X-ray Devices Market Segmentation:
Company Profiles and Competitive Intelligence
The key players operating in the Digital X-ray Devices market are:
Based on application, general radiography accounted for highest market share in 2020 and is expected to increase more during forecast period owing to improved diagnostic assessment
Based on application, digital x-ray devices market is segmented into general radiography, mammography, dental applications, and fluoroscopy. General radiography held the maximum market share in 2020 due to rise in chronic diseases examination and enhance cancer diagnosis. General radiography is mostly used in mammography with early disease detection` and helps to reduce mortality rate.
Based on technology, direct radiography segment is expected to hold the highest market share during forecast period due to its effective dynamic range and accurate image readability
Based on technology, Digital X-ray Devices market is broadly segmented into direct radiography and computed radiography. Direct radiography is projected to register maximum market share during the forecast period as it provides excellent image quality, decrease radiation exposure which prove to be safer for patients and a direct digital radiography system is more efficient across the board. Moreover, direct radiography provides image management and lower the operational costs that fuel the growth of this segment in the digital x-ray devices market.
Based on portability, portable digital x-ray systems held the largest market share in 2020 and is expected to increase more during the forecast period due to rising awareness regarding the availability of portable systems
Based on portability, digital x-ray devices market is segmented into portable digital x-ray systems and fixed digital x-ray systems. Portable digital x-ray systems are expected to witness highest market share during the forecast period owing to rising demand for mobile & portable devices and technological advances in the x-ray systems. Moreover, increasing prevalence of chronic diseases, growing geriatric population, and having high feasibility of using portable x-ray device boost the growth of Digital X-ray Devices market. Another parameter such as ease of device storage, ease of accessibility and combat the location barriers problems uplifts the growth of Digital X-ray Devices market.
Based on geographical region, North America held the largest market share in 2020 and is expected to increase more during forecast period due to increase in adoption of sophisticated diagnostic technology
Based on geographic region, North America accounted for highest market share in 2020 and is expected to increase more during forecast period owing to local presence of dominating players and penetration of advanced technology in medical devices. Moreover, growing burden of epidemic diseases and rising number of key players in this region leverage the growth of digital x-ray devices market in North America.
The report also provides an in-depth analysis of digital x-ray devices market dynamics such as drivers, restraints, opportunities, and challenges
Drivers
Restraints
Opportunity
Challenges
COVID-19 Impact on the Digital X-ray Devices Market Analysis
Covid-19 has effectively impacted the growth of digital x-ray devices. Covid –19 outbreak led to increase in number of lungs screening procedures. The sudden influx of covid infected patients amplified the demand for x-ray diagnosis procedures across the globe. Growing demand for effective & sensitive x-ray diagnostic procedures diverted the attention of medical device companies towards the development & manufacturing of advanced technology-based x-ray device in the market. COVID-19 outbreak gained huge importance in diagnostic imaging as there was need for x-ray lung diagnosis to the patients are who were critically infected. For instance, in December 2020, Agfa Healthcare launched its new product as ‘SmartXR’ that is artificial intelligence based for digital radiography portfolio that would provide accurate assistance during radiology routine. This created opportunity for major market players for the development of digital x-ray devices.
The report also provides an in-depth analysis of key trends in Digital X-ray Devices market
| Sr. No. | Trends | Impact |
| 1 | The emergence of artificial intelligence and robotic-enabled medical x-ray system | Positive |
| 2 | Rising investment in diagnostic devices as well as growing penetration of technology in healthcare | Positive |
The report also provides an in-depth analysis of recent news developments and investments
The unique insights provided by this report also includes the following:
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