Number of pages: 120 | Report Format: PDF | Published date: June 04, 2021
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global digital x-ray market was valued at US$ 3.4 billion in 2022 and is expected to register a revenue CAGR of 3.3% to reach US$ 4.55 billion by 2031.
Digital X-ray Market Fundamentals
Digital X-ray devices are medical imaging devices that use digital technology to capture and produce diagnostic images of the human body. Digital X-ray devices have largely replaced traditional film-based X-ray technology, offering several advantages, including faster image acquisition, better image quality, and lower radiation exposure. Digital X-ray devices consist of three main components: an X-ray generator, a digital detector, and a computer for image processing and analysis. Digital X-ray devices are used in various medical applications, including diagnostic imaging of bones, teeth, and soft tissues. They commonly diagnose and monitor different conditions, including fractures, tumors, infections, and lung diseases. Digital X-ray devices have also found applications in dentistry, orthopedics, cardiology, and oncology.
Digital X-ray Market Dynamics
The increasing incidence of chronic diseases such as cancer, cardiovascular diseases, and respiratory diseases is the primary driver for the growth of the global digital X-ray market. Digital X-ray devices play a critical role in diagnosing and treating these diseases. For instance, according to the WHO’s factsheet of March 2023, a respiratory disorder such as chronic obstructive pulmonary disease (COPD) is the third largest death-causing disorder, which caused about 3.23 million deaths in 2019. Digital X-ray devices offer non-invasive diagnostic procedures that are less painful and less risky than traditional invasive procedures, fueling the demand for digital X-ray devices in the healthcare industry. Moreover, advancements in digital technology have led to the development of more advanced and efficient digital X-ray devices. The story of portable and wireless digital X-ray devices has improved patient comfort and convenience and greater efficiency and accuracy in diagnosis. Furthermore, government initiatives promoting the adoption of digital healthcare technologies have also contributed to the growth of the digital X-ray devices market. Governments are investing in digital healthcare infrastructure and promoting digital X-ray devices in public healthcare facilities.
However, digital X-ray devices are typically more expensive than traditional ones, which may limit their adoption in certain healthcare facilities, particularly in developing countries with limited resources. The operation of digital X-ray devices requires specialized skills and training, which may be lacking in certain regions or healthcare facilities. Moreover, this can limit the adoption of digital X-ray devices, as healthcare facilities may not have the necessary resources to train and hire skilled professionals. Furthermore, there are alternative imaging technologies, such as magnetic resonance imaging (MRI) and computed tomography (CT) scans, which can provide more detailed images compared to X-rays. The availability of these alternative technologies may limit the adoption of digital X-ray devices in certain cases. Additionally, high costs, availability of alternative imaging technologies, and lack of trained professionals are some restraints impeding the overall digital X-ray market growth.
Digital X-ray Market Ecosystem
The global digital X-ray market is analyzed from five perspectives: Application, Technology, Portability, End User, and Region.
Digital X-ray Market by Application
Based on the applications, the global digital X-ray market is segmented into cancer, orthopedic, cardiovascular, dental, and others.
The orthopedic segment dominated the market with the top revenue share in 2022, owing to the rising geriatric population globally and bone fracture prevalence. For instance, according to the Lancet Journal’s article, in 2019, there were about 178 million new bone fractures and 455 million prevalent cases of acute or long-term symptoms of bone fractures. Digital X-ray devices are commonly used in orthopedics for diagnosing and treating various conditions related to bones and joints, such as fractures, arthritis, and osteoporosis. Digital X-ray devices offer several advantages over traditional X-ray devices in the orthopedic field. Digital X-rays produce high-quality images that allow for better visualization of bones and joints, which can aid in diagnosing and treating orthopedic conditions. Additionally, digital X-rays offer lower radiation exposure than traditional X-rays, which is important in orthopedic imaging, where patients may require multiple scans over time. The use of digital X-ray devices in orthopedics has also led to the development of specialized imaging techniques, such as dual-energy X-ray absorptiometry (DXA), which is used to measure bone density and diagnose osteoporosis. These aspects contribute to the growth of the orthopedic segment.
Digital X-ray Market by Technology
Based on the technologies, the global digital X-ray market is segmented into direct radiography and computed radiography.
The direct radiography segment accounted for a prominent share of the market, owing to its benefits over computed radiography, such as better image quality, high patient throughput, lower risk of overexposure, and improved workflow. Direct radiography (DR) is a type of digital X-ray technology that is used to produce high-quality diagnostic images. In direct radiography, the X-ray energy passes through the body and strikes a digital detector, which captures the image and sends it to a computer for processing and analysis. The images produced by direct radiography are of high resolution and can be manipulated and enhanced digitally, allowing for better visualization of bone structures and soft tissues. Direct radiography also requires less time to produce an image, allowing for faster diagnosis and treatment. These factors contribute to the growth of the direct radiography surgery segment.
Digital X-ray Market by Portability
Based on portability, the global digital X-ray market is segmented intoportable and fixed systems.
The portable system segment Is expected to grow at the fastest CAGR of 3.9% during the forecast period, owing to the increasing demand for mobile healthcare solutions. A portable system is a type of digital X-ray technology designed to be easily transported and used in various settings outside of a traditional hospital or clinical setting. Portable X-ray systems typically consist of a digital X-ray machine, a detector, and a computer for image processing and analysis. Portable X-ray systems are commonly used in emergency departments, nursing homes, and other clinical settings where mobility and convenience are essential. These devices offer several advantages over traditional X-ray systems, including increased efficiency, reduced patient wait times, and greater accessibility. These factors contribute to the growth of the portable system segment.
Digital X-ray Market by End User
Based on the end users, the global digital X-ray market is segmented into hospitals, diagnostic centers, and others.
The diagnostic centers segment is expected to be the fastest-growing segment throughout the forecast period, attributed to the increasing number of diagnostic centers and lower imaging costs compared to hospitals. Diagnostic centers refer to a type of healthcare facility specializing in diagnostic imaging services, including X-ray imaging. Diagnostic centers typically offer a range of imaging modalities, including digital X-rays, CT scans, MRI, ultrasound, and others. Digital X-ray devices are essential in diagnostic centers, allowing healthcare providers to obtain high-quality images to diagnose and treat various conditions. These overall factors contribute to the growth of the diagnostic center segment.
Digital X-ray Market by Region
Geographically, the global digital X-ray market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the global digital X-ray market with the largest revenue share of more than 33% in 2022, attributed to the growing burden of chronic diseases, the rapid adoption of technologically advanced products coupled with favorable reimbursement policies, and developed healthcare infrastructure. Additionally, companies across the region are continuously involved in launching new and improved products, which are also expected to improve the digital X-ray market outlook. For instance, in May 2022, FUJIFILM Healthcare Americas Corporation, a leading diagnostic and enterprise imaging solutions provider, introduced FDR Cross, a revolutionary hybrid c-arm and portable x-ray solution designed for hospitals and ambulatory surgical centers (ASC) in the United States. The dual-function c-arm is the first of its type to provide portable fluoroscopic and radiographic imaging on a single platform, eliminating the need for extra imaging equipment for image-guided treatments.
Digital X-ray Market Competitive Landscape
The prominent players operating in the global digital X-ray market are:
Digital X-ray Market Strategic Developments
Digital X-ray devices are medical imaging devices that use digital technology to capture and produce diagnostic images of the human body.
The global digital X-ray market was valued at US$ 3.4 billion in 2022.
The estimated market size of the global digital X-ray market in 2031 is US$ 4.55 billion.
The revenue CAGR of the digital X-ray market during the forecast period will be 3.3% from 2023 to 2031.
Some prominent players operating in the global digital X-ray market areSamsung Medison, Fujifilm Corporation, Hitachi Ltd., Carestream Health, Canon Medical Systems Corporation, and Shimadzu Corporation.
*Insights on financial performance are subject to the availability of information in the public domain