Dublin, Aug 25, 2021 (GLOBE NEWSWIRE) – The report “Digital X-ray Systems Market – Forecasts 2021 to 2026” has been added to ResearchAndMarkets.com offer.
The global digital x-ray systems market is valued at US $ 5,631.180 million for the year 2019 and is expected to grow at a CAGR of 4.03% to reach a market size of US $ 7,425.844 million by 2026.
Digital radiography uses x-ray imaging, thanks to a digital image capture device where digital x-ray sensors are used in place of traditional photographic film. Digital x-ray systems produce diagnostic images by interacting with human tissue. The generated images can be obtained, modified, deleted and shared over a network of computers. The major factor driving the digital x-ray systems market is the increase in incidents of cardiovascular, orthopedic, and dental disorders around the world. Technological advancements, efforts to provide better healthcare facilities and an aging population are also fueling the demand for digital radiography systems. However, expensive diagnostic tools have held back the growth of the market to some extent. Geographically, the APAC region will drive the global digital radiography equipment market due to heavy investments in healthcare infrastructure, while America will also be driven by the growth of digital radiography systems due to the increase incidents of injuries and accidents coupled with the growing awareness of the target population of these systems as to their uses in the region.
In addition, some of the key factors responsible for the growth of the market include, such as increasing occurrence of orthopedic diseases and cancers, increasing number of serious injuries, advantages of digital x-ray systems over conventional x-rays, advancements in technology and product development. Digital x-ray machines use digital x-ray sensors instead of film to capture images. This results in immediate preview of images which ultimately improves time efficiency and digital transfer capability of images.
The main advantages of digital imaging are cost efficiency and ease of access. Hospitals can reduce costs by lowering the price of film, reducing the need for storage space, and reducing the number of people needed to manage departments and archive sections. The images are also instantly available for distribution to clinical departments without the time and physical effort required to retrieve film packages and reviewing previous images on a patient is much easier. This factor is having a major impact on the positive growth of the digital x-ray machine market. Digital x-rays expose about 70 to 80% less radiation than conventional x-rays. This is extremely beneficial for the long term health of patients, especially pregnant women or patients already ill, thus ensuring safety. With the help of digital x-rays, dentists can now easily recognize oral problems, resulting in a decrease in the need for invasive investigation at the diagnostic stage. In addition, digital radiography securely stores patient radiographs with no loss to media.
The market has been significantly boosted by increased healthcare spending by several governments to improve technological advancements in the sector.
The advent of COVID-19 has positively impacted the digital x-ray systems market considering the increase in cases of the disease which has increased the demand for digital x-rays during the period. The COVID-19 pandemic has put the spotlight on diagnostic imaging, particularly digital x-ray machines. Digital imaging plays a key role in diagnosing COVID-19 and indicates affected lung tissue in infected patients. In December 2020, Agfa HealthCare launched its new SmartXR portfolio for X-ray Artificial Intelligence (AI) for digital radiography to facilitate the routine of radiology, which has proven to be important during the COVID-19 crisis. Thus, due to the ongoing pandemic, the digital x-ray machine market is expected to be positively impacted by the accurate diagnosis and treatment of COVID-19.
Due to the increase in the number of dental disorders, heart disorders, cancers, especially breast cancer, there is an increased demand for digital x-ray machines in the world. According to the American Heart Association in 2017, approximately 17.8 million deaths occurred due to cardiovascular disease in the United States, and that number is expected to reach more than 22.2 million deaths by 2030 in the United States. The increasing incidence of cardiovascular disease increases the demand for imaging devices with accurate diagnosis and hence, digital x-ray devices are acquiring their importance in this context.
Technological advancements and increasing product approvals, as well as key player partnerships and collaborations are contributing to the growth of the market. For example, in June 2020, Nanox and SK Telcom entered into a partnership agreement to deploy 2,500 Nanoxdigital X-ray systems in South Korea and Vietnam. Additionally, in November 2020, Hologic, Inc., received CE mark for its Genius digital diagnostic system, which consists of digital imager for image acquisition, AI algorithm to analyze images, from an image management server to store images for cervical cancer screening. . Thus, all of the aforementioned factors are increasing the growth of the digital x-ray device market at present.
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Porters Five Forces Analysis
4.4. Industry value chain analysis
5. Digital X-ray Systems Market Analysis, By Technology
5.2. Direct radiography
5.3. Computerized radiography
6. Digital X-ray Systems Market Analysis, By Portability
6.2. Portable systems
6.3. Portable radiography systems
6.4. Mobile radiography systems
6.5. Floor-to-ceiling mounted systems
6.6. Ceiling mounted systems
6.7. Fixed digital x-ray systems
7. Digital X-ray Systems Market Analysis, By End User
7.3. Diagnostic centers
8. Digital X-ray Systems Market Analysis, By Application
8.2. Cardiovascular imaging
8.3. Thoracic imaging
8.4. General radiography
9. Digital X-ray Systems Market Analysis, By Geography
9.2. North America
9.2.1. United States
9.3. South America
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.5.2. United Arab Emirates
9.6. Asia Pacific
9.6.4. South Korea
10. Competitive environment and analysis
10.1. Major players and strategic analysis
10.2. Emerging players and market profitability
10.3. Mergers, acquisitions, agreements and collaborations
10.4. Supplier competitiveness matrix
11. Company profiles
11.1. Carestream Health
11.2. Fujifilm Holdings Corporation (Fujifilm Medical Systems)
11.3. GE Company (GE Health)
11.4. Hitachi, Ltd.
11.5. Hologic, Inc
11.6. Koninklinje Philips NV (Philips Healthcare)
11.7. Shimadzu Company
11.8. Siemens Healthineers
11.9. Canon Medical Systems Corporation (Toshiba Corporation)
11.10. Samsung Electronics Co. Ltd (Samsung Healthcare)
For more information on this report, visit https://www.researchandmarkets.com/r/xkxrxt