Digital X-ray Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segment Analysis

Digital X-ray Market size was valued at USD 14.25 Bn. In 2023 and the total Digital X-ray revenue is expected to grow by 9% from 2024 to 2030, reaching nearly USD 26.06 Bn.

Digital X-ray Market Overview:

Digital X-Ray is one of the most recent advancements in the radiography industry. For producing high-quality radiographs, it employs a variety of solid-state detectors, including charge-coupled devices, flat panel detectors, and an x-ray source. These detectors are lightweight and compact and have become the hallmark of digital radiography systems, improving image quality, equipment handling, and radiograph test accuracy. Digital X-Ray Market is a fully digitized form of radiography that eliminates the need for phosphor-based or film-based radiography. By replacing the front panel, digital x-ray equipment reduces the cost per x-ray image as well as the processing time per image, potentially allowing for instant interpretation for an expedited diagnosis. Companies in the digital X-ray market, on the other hand, are investing heavily in order to align their offerings with current developments and technologies, such as 3D sensor technology. North America dominates the healthcare equipment market, followed by European nations. European researchers currently file the most patents in the field of digital radiography, followed by North American researchers. Investing in this sector is likely to boost research and improve the quality and affordability of digital radiography applications. The major factors driving the growth of this market are as follows: Increased geriatric population and disease incidence, as well as favorable government regulations, investments, and initiatives, are all factors. The benefits of the digital X-ray market have aided their adoption; their speed and accuracy, as well as quick processing times, allow for significantly higher patient screening volumes than previously. This has compelled businesses to concentrate on product development and innovation. However, these systems are expensive, which slows their widespread adoption. Other factors such as declining reimbursements, a lack of infrastructure, particularly in developing and underdeveloped countries, and potential risks associated with radiation exposure are expected to hamper the market growth.Digital X-ray MarketTo know about the Research Methodology :- Request Free Sample Report

Digital X-ray Market Dynamics:

Market Driver Demand for Product development and technological advancements Technological advancements are critical to the expansion of the digital X-ray market. Image quality, image acquisition time, portability, detector form, and software all contribute to the creation and growth of digital X-ray systems. The ability to process large amounts of data and examine patients quickly is driving up demand for advanced digital X-ray systems. Several companies are working to improve the performance and efficiency of digital systems. With diagnostic-quality images and stitching functionality, these systems enable radiologists to address a wide range of clinical applications. The market for digital X-ray systems is being boosted by innovation and the development of advanced systems. GE Healthcare's introduction of AMX Navigate, a portable digital X-ray system, in September 2021 is one of the most recent developments in this market. Similarly, Koninklijke Philips N.V. (Netherlands) received 510(k) clearance from the US Food and Drug Administration in March 2021 for a CombiDiagnost R90, a remote-controlled fluoroscopy system combined with high-end digital radiography. Benefits Provided By the digital X-ray Market: Clarity - digital X-rays can produce very high-quality images that allow the doctor or dentist to examine the scanned part of the body in great detail. Real-time enhancement entails the doctor being able to adjust the exposure in real-time, making the images lighter or darker as needed to see specific aspects of the scan more clearly. Rapidity - The results are immediately available for review. Reduces radiation exposure - Digital X-rays not only produce high-definition images in seconds, but they do so with lower radiation doses than other X-rays, which is better for the patient. Efficiency - In addition to being radiation-efficient, digital X-rays save a significant amount of time and effort that would otherwise be spent creating, filing, and retrieving traditional X-ray results; digital results are available quickly and easily with the click of a mouse. Avoids the use of chemicals in the development of the film. All these factors are boosting the growth of the digital x-ray market. Digital X-ray Market Restraints Expensive digital X-ray equipment Digital X-ray systems are expensive and require large investments for installation, which raises the procedure cost for patients. This has an impact on the rate of adoption of new systems, particularly in developing countries. Because their budgets are limited, most small and medium-sized hospitals cannot afford these systems. Healthcare facilities that invest in such expensive systems frequently rely on third-party payers (such as Medicare, Medicaid, or private health insurance plans) for reimbursement of costs incurred in diagnostic, screening, and therapeutic procedures performed with these systems. The high cost of digital X-ray systems also drives end users toward refurbished systems, which has a direct impact on sales of new and advanced systems. This, combined with ongoing reductions in reimbursements for diagnostic imaging scans, discourages imaging centers from investing in technologically advanced diagnostic imaging modalities, limiting the overall Digital X-ray Market growth. Digital X-ray Market Opportunities Creation of an Al-based digital X-ray system One of the most promising areas of health innovation is the application of artificial intelligence (Al), particularly in medical imaging. Many ongoing research and development programs have supported the Digital X-ray Market in this regard. Various companies are currently conducting R&D to provide Al in various imaging modalities, including digital X-ray systems. For instance, at RSNA 2020, GE introduced a new Al algorithm in its Critical Care Suite 2.0, designed for use with GE's mobile X-ray system. Canon Medical Systems will collaborate with Zebra Medical Vision (Zebra-Med) in August 2020 to offer its Al1 automated imaging analysis solutions to clinicians in the United States, allowing them to provide faster, more accurate diagnoses for improved patient care. These advancements have led to an increase in the use of Al in diagnostic imaging. Increased adoption of refurbished systems is a challenge. Due to budget constraints and high equipment costs, many hospitals in developing countries are unable to invest in digital X-ray systems. as well as low reimbursement rates. However, due to the high demand for digital imaging procedures worldwide, hospitals that cannot afford to invest in new imaging systems opt for refurbished ones. Refurbished systems are frequently less expensive than new systems. However, the growing demand for refurbished devices presents a significant challenge for market participants, particularly small manufacturers. To strengthen their market position and create a strong user base for their imaging systems, Digital X-ray Market players must either price their products lower or develop better or more advanced technologies that can address the market's unmet needs.

Digital X-ray Market Segment Analysis:

Based on Modality, In 2023, radiography dominated the market, accounting for more than 48.5% of total revenue. The segment is expected to maintain its dominance over the forecast period. For the vast majority of patients, radiography is the first diagnostic imaging step recommended by doctors on their way to a definitive diagnosis. Because this system has a wide range of applications and is less expensive and time-consuming than other systems. Moreover, increasing technological advancements are expected to drive market growth in this segment. Siemens Healthineers, for example, introduced the Ysio X.pree1 X-ray system with integrated AI in June 2020 to help automate x-ray image acquisition and interpretation. The mammography segment is also expected to grow significantly over the forecast period, owing to the increasing incidence of breast cancer and rising public awareness of the disease. According to the Global Cancer Observatory, there will be approximately 2,261,420 new cases of breast cancer in 2020, with the disease accounting for 684,998 deaths worldwide. Additionally, as technology advances, end-user adoption of mammography systems is expected to grow. Siemens Healthineers, for example, introduced Mammovista, software that speeds up the reading process for breast imaging, in March 2021.Digital X-ray Market1Based on the Technology, Due to its lower initial costs, the Computed Radiography (CR) segment dominated the market for x-ray systems, accounting for the largest revenue share of 54.6% in 2023. CR is the first digital replacement for traditional x-ray film radiography with cassette-based Phosphor Storage Plates (PSP), offering significant advantages such as the elimination of consumables and a significant reduction in image development time. Computed radiography has been found to be in high demand in developing countries, where new technology adoption is slower. The Digital Radiography (DR) segment is expected to grow at the fastest rate during the forecast period. Because this system produces high-contrast resolution images at lower ionizing radiation using flat panel detectors, there is a growing demand for DR (FPD). Furthermore, this system is more efficient, compact, and capable of rapid image viewing. End-user adoption of DR technology to improve workflow is expected to drive segment growth during the forecast period.Digital X-ray Market2Based on the Mobility, the stationary x-ray systems segment dominated the market, accounting for 68.0% of total revenue in 2023. Stationary Digital x-ray systems have been found to be in high demand in developing countries, where new technology adoption is slower. During the forecast period, the mobile x-ray systems segment is expected to grow at the fastest rate of 3.4%. Mobile systems outperform fixed systems in terms of portability, image quality, speed, safety, and cost, making them more convenient and versatile to operate. Since the covid-19 pandemic, there has been an increase in demand for mobile x-ray systems, as these systems can be carried around the hospital or to a patient's home, reducing the risk of virus transmission. The market's focus on developing innovative and improved mobile x-ray units is also driving the adoption of this system. For example, Fujifilm Ltd., a global leader in imaging and healthcare technologies, announced the March 2021 release of the FDR micro, a mobile digital radiology system that provides high-resolution imaging with low X-ray doses.Digital X-ray Market3Based on the End-use, In 2023, the hospital segment dominated the market, accounting for 65.7% of revenue. The x-ray system is a significant source of revenue in outpatient settings, and there is an increase in the number of patients visiting hospitals with various chronic disorders. As a result, these systems are frequently installed and upgraded in hospitals. Furthermore, growing collaborations between hospitals and market players are expected to boost demand for new installations in the coming years. For example, in February 2021, Siemens Healthineers announced a partnership with Kantonsspital Baden, a hospital in Switzerland; this partnership includes imaging system procurement and maintenance, training programs, and research support. During the forecast period, the diagnostic imaging center segment is expected to expand significantly. Imaging centers offer a wide range of diagnostic and preventative health services. Most hospitals lack the necessary space for specialized imaging equipment rooms, which also necessitate large investments and frequent maintenance. According to United Healthcare, medical imaging in a hospital outpatient department is up to 168% more expensive than in diagnostic imaging centers. The growing patient population with chronic diseases presents an opportunity for radiologists to open standalone outpatient imaging centers. For example, Intermountain Healthcare, the largest healthcare provider in the United States, announced the launch of Tellico Imaging, a standalone outpatient imaging center, in September 2021.

Regional Insights:

North America dominated the Digital X-ray market, accounting for 35% of total revenue in 2023. Factors such as increased adoption of modern technology and improved healthcare infrastructure, strong purchasing power, and a fair reimbursement framework all have an impact on the market. Shimadzu Medical Systems USA, for example, announced the first North American installation of its RADspeed Pro style edition with GLIDE Technology, DR system at Benefis Orthopedic in August 2021. The market for Digital x-ray systems in Asia Pacific is expected to grow at the fastest rate during the forecast period, owing to increased demand for better imaging devices and supportive government initiatives to improve healthcare infrastructure in the region. Southeast Asian countries, China, Japan, and India are expected to drive growth due to their rapidly developing economies and improved healthcare services. According to Sam Radwan of ENHANCE International, China's estimated healthcare spending in 2050 may be greater than Germany's overall GDP in 2020. Moreover, the rising prevalence of chronic diseases and the aging population are expected to drive market growth in the Asia Pacific.

Digital X-ray Market Scope: Inquire before buying

Digital X-ray Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 14.25 Bn.
Forecast Period 2024 to 2030 CAGR: 9% Market Size in 2030: US $ 26.06 Bn.
Segments Covered: by Modality Radiography Fluoroscopy Mammography
by Technology Digital radiography Computed radiography
by Mobility Stationary Mobile
by End-Use Hospitals Diagnostic imaging centers Others

by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Leading Companies in the Digital X-ray Market are:

1. GE HealthCare Technologies Inc. (US) 2. Carestream Health (US) 3. Danaher Corporation (US) 4. Sirona Dental Systems Inc. (US) 5. ALLPRO Imaging (US) 6. Varex Imaging Corporation (US) 7. MinXray, Inc (US) 8. Hologic Inc (US) 9. Holston Medical Group (US) 10.Teledyne Technologies (US) 11.KA Imaging Inc (Canada) 12.Canon (Japan) 13.FUJIFIlM Holding Corporation (Japan) 14.Konica Minolta, Inc. (Japan) 15.Shimadzu Corporation (Japan) 16.Hitachi, Ltd. (Japan) 17.Samsung Medison Co., Ltd. (South Korea) 18.Mindray Medical International Limited (China) 19.Siemens Healthineers AG (Germany) 20.Acteon Group Ltd (UK) 21.Koninklijke Philips N.V. (Netherlands) 22.Agfa-Gevaert N.V. (Belgium) 23.Detection Technology PLC (Finland) 24.Vidisco Ltd. (Israel) 25.Nanox Imaging (Israel) Frequently Asked Questions: 1] Are digital X-rays cheaper? Ans. Digital photography is less expensive. That's right: digital x-rays are typically less expensive than traditional x-rays. This is due to the high cost of developing traditional x-ray images on film. 2] What is digital X-ray technology? Ans. Digital X-rays (DR) are a type of radiography that uses X-ray-sensitive plates to capture data and instantly generate a digital radiographic image on a computer. This technological advancement has made medical practitioners' examination procedures more efficient. 3] Are digital X-rays better? Ans. Digital X-rays, as opposed to traditional X-rays, provide better and clearer images with high resolution that can be enlarged or manipulated as needed, reducing the need for the procedure to be repeated. Traditional X-rays cannot be tampered with because they are printed on film. 4] Why is digital radiography better? Ans. Digital x-rays have significantly higher image quality than traditional film. This allows us to focus on even the smallest fractures and irregularities that would otherwise be missed on film. 5] Where is digital imaging used? Ans. Digital imaging is also commonly used to aid in the documentation and recording of historical, scientific, and personal life events. Photographs have their own set of advantages. Physical contact with original images will be reduced as a result of digital imaging. 5] Why is Digital Imaging important in today's generation? Ans. As digital cameras and mobile phones improved, they could produce higher-quality images. Digital photography allows the individual to evaluate the quality of the image immediately after it has been captured and also allows for easier photo editing, ensuring that a perfect picture is produced every time.
1. Global Digital X-ray Market Size: Research Methodology 2. Global Digital X-ray Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Digital X-ray Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Digital X-ray Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Digital X-ray Market Size Segmentation 4.1. Global Digital X-ray Market Size, by Modality (2023-2030) • Radiography • Fluoroscopy • Mammography 4.2. Global Digital X-ray Market Size, by Technology (2023-2030) • Digital radiography • Computed radiography 4.3. Global Digital X-ray Market Size, by Mobility (2023-2030) • Stationary • Mobile 4.4. Global Digital X-ray Market Size, by End-use (2023-2030) • Hospitals • Diagnostic imaging centers • Others 5. North America Digital X-ray Market (2023-2030) 5.1. North America Digital X-ray Market Size, by Modality (2023-2030) • Radiography • Fluoroscopy • Mammography 5.2. North America Digital X-ray Market Size, by Technology (2023-2030) • Digital radiography • Computed radiography 5.3. North America Digital X-ray Market Size, by Mobility (2023-2030) • Stationary • Mobile 5.4. North America Digital X-ray Market Size, by End-use (2023-2030) • Hospitals • Diagnostic imaging centers • Others 5.5. North America Semiconductor Memory Market, by Country (2023-2030) • United States • Canada • Mexico 6. European Digital X-ray Market (2023-2030) 6.1. European Digital X-ray Market, by Modality (2023-2030) 6.2. European Digital X-ray Market, by Technology (2023-2030) 6.3. European Digital X-ray Market, by Mobility (2023-2030) 6.4. European Digital X-ray Market, by End-use (2023-2030) 6.5. European Digital X-ray Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Digital X-ray Market (2023-2030) 7.1. Asia Pacific Digital X-ray Market, by Modality (2023-2030) 7.2. Asia Pacific Digital X-ray Market, by Technology (2023-2030) 7.3. Asia Pacific Digital X-ray Market, by Mobility (2023-2030) 7.4. Asia Pacific Digital X-ray Market, by End-use (2023-2030) 7.5. Asia Pacific Digital X-ray Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Digital X-ray Market (2023-2030) 8.1. Middle East and Africa Digital X-ray Market, by Modality (2023-2030) 8.2. Middle East and Africa Digital X-ray Market, by Technology (2023-2030) 8.3. Middle East and Africa Digital X-ray Market, by Mobility (2023-2030) 8.4. Middle East and Africa Digital X-ray Market, by End-use (2023-2030) 8.5. Middle East and Africa Digital X-ray Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Digital X-ray Market (2023-2030) 9.1. South America Digital X-ray Market, by Modality (2023-2030) 9.2. South America Digital X-ray Market, by Technology (2023-2030) 9.3. South America Digital X-ray Market, by Mobility (2023-2030) 9.4. South America Digital X-ray Market, by End-use (2023-2030) 9.5. South America Digital X-ray Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. GE HealthCare Technologies Inc. (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Carestream Health (US) 10.3. Danaher Corporation (US) 10.4. Sirona Dental Systems Inc. (US) 10.5. ALLPRO Imaging (US) 10.6. Varex Imaging Corporation (US) 10.7. MinXray, Inc (US) 10.8. Hologic Inc (US) 10.9. Holston Medical Group (US) 10.10. Teledyne Technologies (US) 10.11. KA Imaging Inc (Canada) 10.12. Canon (Japan) 10.13. FUJIFIlM Holding Corporation (Japan) 10.14. Konica Minolta, Inc. (Japan) 10.15. Shimadzu Corporation (Japan) 10.16. Hitachi, Ltd. (Japan) 10.17. Samsung Medison Co., Ltd. (South Korea) 10.18. Mindray Medical International Limited (China) 10.19. Siemens Healthineers AG (Germany) 10.20. Acteon Group Ltd (UK) 10.21. Koninklijke Philips N.V. (Netherlands) 10.22. Agfa-Gevaert N.V. (Belgium) 10.23. Detection Technology PLC (Finland) 10.24. Vidisco Ltd. (Israel) 10.25. Nanox Imaging (Israel)