Digital X-ray Market is Expected to Reach $6.6 billion | MarketsandMarkets™

Chicago, May 28, 2024 (GLOBE NEWSWIRE) — Digital X-ray market in terms of revenue was estimated to be worth $5.4 billion in 2024 and is poised to reach $6.6 billion by 2029, growing at a CAGR of 4.0% from 2024 to 2029 according to a latest report published by MarketsandMarkets™.

Digital X-rays offer the benefit of reduced radiation exposure, seamless integration with electronic health records, and long-term cost efficiency. With advanced imaging capabilities and streamlined workflows, orthopedic clinics are driving the widespread adoption of digital X-ray technology, ultimately improving patient care and outcomes while contributing to market growth.

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Digital X-ray Market Scope:

Report Coverage Details
Market Revenue in 2024 $5.4 billion
Estimated Value by 2029 $6.6 billion
Growth Rate Poised to grow at a CAGR of 4.0%
Market Size Available for 2022–2029
Forecast Period 2024–2029
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Technology, systems, portability, price range, type, application, end user, and region
Geographies Covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Report Highlights Updated financial information / product portfolio of players
Key Market Opportunity Development of AI-based digital X-ray systems
Key Market Driver Growing geriatric population and subsequent growth in disease incidence

Based on type, the digital X-ray market is segmented into analog and digital X-ray systems. The digital X-ray segment to hold the largest share of the market in 2023. digital X-ray technology allows for instant image acquisition and processing, eliminating the need for film development and reducing waiting times for patients. This efficiency leads to improved workflow and patient throughput in busy clinical settings. Furthermore, digital X-ray images can be easily stored, retrieved, and shared electronically, facilitating seamless integration with electronic health records (EHR) systems and enabling remote consultations and collaboration among healthcare professionals.

Based on application, the digital X-ray market is segmented into chest, pediatric, cardiovascular imaging, orthopedic, dental, cancer applications and other application. The chest imaging application segment is expected to dominate this market during the forecast period and is estimated to grow at a CAGR of 5.5% during the forecast period. Growth in this market can be attributed technology such as high image resolution, rapid image acquisition, and the ability to easily share images for remote consultations, making it well-suited for diagnosing chest conditions efficiently and effectively.

Based on end user, the digital X-ray market is segmented into diagnostic centers, hospitals, orthopedic clinic and dental care centers. Hospitals are expected to dominate the market during the forecast period. The increasing demand for efficient and advanced diagnostic imaging technologies, hospitals and imaging centers are investing in digital X-ray systems to enhance their capabilities for accurate diagnosis, treatment planning, and monitoring of patients.

Based on region, the digital X-ray market is segmented into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and the Middle East & Africa. In 2023, North America accounted for the largest share of the digital X-ray market, followed by Europe and the APAC. The region boasts a well-established healthcare infrastructure with high levels of technological adoption, creating a conducive environment for the uptake of advanced medical imaging technologies like digital X-ray systems. Secondly, there is a growing prevalence of chronic diseases and an aging population in North America, leading to an increased demand for diagnostic imaging services to manage and treat these conditions effectively. Such factors help drive the market for digital imaging systems in the Asia Pacific and draw foreign investments. It can also be attributed to the high healthcare spending in the region, rising prevalence of target diseases, increasing research activities, growing number of cancer surgeries, and technological advancements in digital x-ray.

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Prominent Players of Digital X-ray Market

  • Siemens Healthineers (Germany)
  • Koninklijke Philips N.V. (Netherlands)
  • GE Healthcare (US)
  • Canon, Inc. (Japan)
  • Carestream Health (US)
  • FUJIFILM Holdings Corporation (Japan)
  • Shimadzu Corporation (Japan)
  • and Among others

This report has segmented the global digital X-ray market based on technology, type, systems, portability, price range, application, end user, and region.

Global Digital X-ray Market, by Type

  • Analog X-ray systems
  • Digital X-ray systems

Global Digital X-ray Market, by Technology

  • Direct Radiography
  • Computed Radiography

Global Digital X-ray Market, by Portability

  • Fixed Digital X-ray system
    • Floor-To-Ceiling -Mounted Systems
    • Ceiling -Mounted Systems
  • Portable Digital X-ray system
    • Mobile X-Ray Systems
    • Handheld X-Ray Systems

Global Digital X-ray Market, by System

  • Retrofit Digital X-ray system
  • New Digital X-ray system

Global Digital X-ray Market, by Price Range

  • Low-end Digital X-ray system
  • Mid Range Digital X-ray system
  • High-end Digital X-ray system

Global Digital X-ray Market, by Application

  • Chest Imaging
  • Orthopedic
  • Cardiovascular Imaging
  • Pedatric Imaging
  • Dental
  • Cancer
  • Other Applications

               
Global Digital X-ray Market, by End User

  • Hospitals
  • Orthopedic Clinics
  • Diagnostic Centers
  • Dental Centers
  • Other End Users

Digital X-ray Market, by region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa

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Key Market Stakeholders:

  • Digital X-ray product manufacturers
  • Original equipment manufacturers (OEMs)
  • Suppliers, distributors, and channel partners
  • Healthcare service providers
  • Hospitals and academic medical centers
  • Radiologists
  • Research laboratories
  • Health insurance providers
  • Government bodies/organizations
  • Regulatory bodies
  • Medical research institutes
  • Business research and consulting service providers
  • Venture capitalists and other public-private funding agencies
  • Market research and consulting firms

Report Objectives:

  • To define, describe, and forecast the digital X-ray market based on technology, systems, portability, price range, type, application, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the revenue of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, Middle East and Africa
  • To profile the key players and comprehensively analyze their market ranking and core competencies
  • To benchmark players within the market using a proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of  market share and product footprint

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