Technological advancements and an increase in hospitalization rate to enhance the global digital radiography market growth

calendar_today 18 January, 2023 person_outline Growth Plus Reports

According to the deep-dive market assessment study by Growth+ Reports, the global digital radiography market was valued at ~US$ 4.04 billion in 2021. The global digital radiography market is expected to witness a CAGR of ~6.50% from 2022 to 2030.

Digital radiography is an advanced form of X-ray technology that transfers data directly from the patient's examination to the computer system. The drivers propelling the growth of the global digital radiography industry are rising technological advancements, an increase in hospitalization rate, and governments focusing on healthcare infrastructure in emerging economies. Furthermore, the rising prevalence of cancer has increased the awareness and demand for early screening. This is another factor determining the growing digital radiography demand worldwide.

Recent developments in digital radiography include AI-assisted X-ray interpretation, dual-energy imaging, tomosynthesis, computer-aided diagnostics, automated picture stitching, and digital mobile radiography. These advances have improved image quality, enhanced patient care, and promoted better patient outcomes. Additionally, using digital radiography reduces the need for repeat examinations, resulting in the benefit of lower radiation exposure. With AI-assisted X-ray interpretation, disease diagnosis and treatment have improved, thus enhancing the quality of patient care with improved speed and accuracy. Additional benefits of AI-aided digital radiography are better monitoring, the ability to prioritize cases, and reduced errors in reading electronic health records.

The growing prevalence of cancer will eventually increase the digital radiography demand. This growth contributes to increased awareness about faster and more effective diagnosis processes. Digital radiography (DR) is a contemporary technique for producing X-ray pictures that replace digital electronic sensors and digital capture equipment with conventional photographic film. This enables the immediate acquisition of X-ray pictures resulting in faster diagnosis. The chief advantage over more traditional X-ray systems is the processing speed of digital radiography, which enables the radiologists to procure and provide diagnostic images for instant interpretation and further decision-making. Advanced digital radiography systems can offer the following benefits in cancer diagnosis: better picture quality and diagnostic accuracy due to digital image processing, effective scatter rejection and reduced patient exposure to technology.

The North American, Europe, Asia Pacific, and the Rest of the World areas make up the global digital radiography market. North America is expected to hold a dominant position in the global market. This growth is supported by key market players in the region involved in making new strategies to expand the market. Furthermore, the growing demand for early disease diagnosis and preventive care is the primary factor in the digital radiography market growth. The Asia Pacific digital radiography market is expected to record the highest growth rate during the forecast period. The primary factor propelling the market in this region is the presence of a large patient base suffering from chronic diseases such as cancer, which requires frequent examination. Furthermore, several technological advances have brought new and innovative products to the market. The European market for digital radiography is characterized by factors such as rising X-ray diagnostic disease incidence, such as malignancies and orthopedic conditions, growing technology, and the benefits of digital X-ray over traditional X-ray imaging.

Some of the prominent players operating in the digital radiography market are Varex Imaging Corporation, Agfa-Gravaert Group, FUJIFILM Holdings America, Konica Minolta Inc., Canon U.S.A., Inc. KA Imaging Inc., Detection Technology Plc., Hamamatsu Photonics K.K., Teledyne Photonics K.K., Canon U.S.A. Inc., Carestream Health, Hitachi Ltd., Koninklijke Philips N.V., and Siemens Healthineers, among others.

This report entails a thorough quantitative analysis of the trends from 2022 to 2030. The digital radiography market has been analyzed from four perspectives: Product, Type, Application, and region. According to product types, the market is bifurcated into computed and direct digital radiography. Based on type, the global digital radiography market is classified into dynamic and static. The application segment is grouped into general, dentistry, oncology, and orthopedic. Geographically, the global digital radiography market is segmented into North America, Europe, Asia Pacific and the Rest of the World. United States, Canada, Germany, United Kingdom, France, Spain, Italy, China, Japan, India, South Korea, and Australia are the key countries for assessment included in the scope.

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