Digital X-Ray Market

Report Overview

The global digital x-ray market was pegged at US$ 10.16 billion in 2020 and is expected to witness a CAGR of 8.2% during the forecast period.

Market Fundamentals  

An X-ray is a quick, painless test that produces images of the structures inside the body, particularly of the bones. Radiography with X-ray is the starting point for diagnosing or screening a variety of health issues, including pneumonia. Digital X-rays are a form of radiography that uses sensors instead of traditional photographic film. It is an advanced form of x-ray inspection which produces a digital radiographic image instantly on a computer. This technique uses x-ray sensitive plates to capture data during object examination, which is immediately transferred to a computer without the use of an intermediate cassette. The incident x-ray radiation is converted into an equivalent electric charge and then to a digital image through a detector sensor.

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Market Dynamics

The global digital x-ray market is mainly driven by rising geriatric population coupled with increasing prevalence of chronic diseases globally, launch of technologically advanced systems, rising investments, and the development of AI-based digital x-ray systems. The advantages of digital x-ray systems over traditional x-rays are also likely to play a pivotal role in contributing to the growth of the market globally. However, high cost of digital x-ray systems is likely to restrain the market growth to a certain extent.

Market Ecosystem

The global digital x-ray market has been analyzed from five perspectives: Technology, Portability, Application, End User, and Region.

Digital X-Ray Market by Technology

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Based on technology, the digital x-ray market has been segmented into direct radiography and computed radiography. Direct radiography is expected to be the fastest-growing segment in the market during the forecast period. The growth of the segment can be attributed mainly to its benefits over computed radiography such as better image quality, high patient throughput, lower risk of overexposure, improved workflow, among others.

Digital X-Ray Market by Portability

Based on portability, the digital x-ray market has been segmented into portable systems and fixed systems. Portable systems segment is expected to be the fastest-growing segment in the market during the forecast period. The growth of the segment can mainly be attributed to its broad application in dental imaging & bedside imaging and rising geriatric population with mobility issues.

Digital X-Ray Market by Application

Based on application, the digital x-ray market has been segmented into orthopedic, dental, cardiology, oncology, and other applications. Orthopedic segment is expected to be the fastest-growing application segment in the market during the forecast period. The growth of the segment can be attributed to rising geriatric population globally coupled with rising prevalence of bone disorders. For instance, according to International Osteoporosis Foundation, osteoporosis causes more than 8.9 million fractures annually worldwide, resulting in an osteoporosis fracture every 3 seconds. Osteoporosis is estimated to affect 200 million women worldwide, approximately one-tenth of women aged 60, one-fifth of women aged 70, two-fifths of women aged 80, and two-thirds of women aged 90.

Digital X-Ray Market by End User

Based on end-user, the digital x-ray market has been segmented into hospitals, diagnostic centers, and others (clinics, ambulatory care units, and others). Diagnostic centers segment dominated the market owing to the increasing number of diagnostic centers and lower imaging cost as compared to hospitals.

Digital X-Ray Market by Region

Based on region, the global digital x-ray market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the digital x-ray market, followed by the Asia Pacific. The large share of North America in the global market can largely be attributed to, the growing burden of chronic diseases, rapid adoption of technologically advanced products coupled with favorable reimbursement policies, and developed healthcare infrastructure. Moreover, presence of large number of prominent players and their collaboration for launch of advanced imaging technology is also expected to boost the market.

Competitive Landscape

The prominent players operating in the global digital x-ray market include:-

• Siemens Healthineers
• Koninklijke Philips
• GE Healthcare
• Konica Minolta
• Samsung Medison
• Fujifilm
• Hitachi
• Carestream Health
• Canon Medical Systems
• Shimadzu, among others

Strategic Developments

• In Oct 2020, Carestream Health launched its DRX-Compass X-ray System for mid-tier hospitals and medical imaging centers worldwide. The system offers a flexible and scalable approach to digital imaging with an eye to the future, while increasing workflow efficiency and reducing costs
• In Dec 2020, Canon Medical Systems USA launched SOLTUS 500 Mobile Digital X-ray, giving facilities access to a portable X-ray system that is equipped with enhancements that can streamline bedside exams to help improve workflow and productivity
• In Dec 2019, Konica Minolta, Inc., collaborated with Shimadzu Corporation to accelerate the commercialization of Dynamic Digital Radiography (DDR) in the U.S. healthcare market. Konica Minolta's new advanced image processing and Shimadzu's RADspeed Pro radiographic imaging system were incorporated for the development of DDR.

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