Digital X-Ray Market Growth, Industry Outlook and Opportunities 2022 – 2029 | DataM Intelligence

DataM Intelligence
The Global Digital X-ray Market is expected to grow at a high CAGR of 7.5% during the forecasting period (2022-2029).

Market Overview

Digital X-Ray is an advanced model of the traditional X-ray in which the X-ray-touchy plates are used to capture statistics. The facts is transferred to a pc instead of an intermediate cassette in which the photo is more suitable therefore without the want for chemical processing.

 

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Market Dynamics

The worldwide digital X-Ray marketplace boom is pushed through the increasing prevalence of orthopedic ailment and most cancers instances internationally. In addition, the growing  quantity of street injuries is likewise driving the growth of the marketplace within the forecast period.

The increasing technological advancements and product development will drive the market growth

Technological trends are a critical motive force in the digital X-ray marketplace’s growth. Digital X-ray structures are in excessive call for because of factors such as photo first-class, acquisition time, portability, detector shape, and software program. Benefits which include the potential to analyse large quantities of facts and compare patients quick are using call for for advanced virtual X-ray gadget. Several groups are operating on virtual answers in order to raise overall performance and efficiency. With diagnostic-fine snap shots and sewing capability, radiologists may additionally cope with a extensive variety of scientific applications. The market for digital X-ray systems is being boosted with the aid of innovation and the development of advanced technologies. The debut of AMX Navigate, a transportable virtual X-ray device through GE Healthcare in September 2021, is one of the maximum recent advances on this quarter. Similarly, the US Food and Drug Administration granted 510(k) clearance to Koninklijke Philips N.V. In March 2021 for the Combi Diagnost R90, a faraway-managed fluoroscopy machine mixed with excessive-quit digital radiography.This remains a chief driver for the Digital X-Ray Market and is anticipated to drive the marketplace throughout the forecast length.

 

High cost of digital X- ray system  is likely to hamper the market growth

Digital X-ray generation is extra luxurious and requires widespread upfront investments, increasing the fee of the operation for patients. This has an impact on how fast new systems are carried out, particularly in terrible nations. Most small and medium-sized hospitals can not have enough money these systems due to their confined resources. Healthcare institutions typically use 0.33-birthday celebration payers (including Medicare, Medicaid, or commercial medical insurance plans) to compensate charges incurred in diagnostic, screening, and healing strategies performed with these systems. Because of the high price of virtual X-ray structures, stop users are more likely to purchase reconditioned systems, which has a right away impact on new and advanced machine income.

 

Market Segmentation

By Portability

l Portable X-Ray Systems

l Fixed Digital X-Ray Systems

 

By Application

l Dental

l Mammography

l Fluoroscopy

l Forensic

l Others

 

By End User

l Diagnostic Centers

l Ambulatory Centers

l Hospitals

l Others

 

By Region

l North America

l Europe

l South America

l Asia Pacific

l Middle East and Africa

 

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Competitive Landscape

The digital x-ray market is highly competitive with presence of local as well as global companies.  Some of the key players which contributing to the growth of the market include Siemens Healthineers , Koninklijke Philips N.V., GE Healthcare, Canon, Inc., Carestream Health, FUJIFILM Holdings Corporation, Shimadzu Corporation, Hologic Inc. Fujifilm Holdings Corporation. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the digital x-ray market globally. For instance,

In Oct 2020, the FDA has approved Siemens Healthineers’ Ysio Max digital radiography system, which includes new detectors and usability features that improve imaging and speed up exams.

 

Trending Topic’s

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