Global Digital Radiography Systems Market Insights Forecasts to 2030

• The Digital Radiography Systems Market Size was valued at USD 21.90 Billion in 2021.
• The Market is Growing at a CAGR of 5.65% from 2021 to 2030
• The Worldwide Digital Radiography Systems Market is expected to reach USD 32.20 Billion by 2030
• Asia Pacific is expected to Grow the fastest during the forecast period

The Global Digital Radiography Systems Market is expected to reach USD 32.20 Billion by 2030, at a CAGR of 5.65% during the forecast period 2021 to 2030.

Digital Radiography systems is basically an advanced technique of X-Ray inspection which presents radiographic picture on a system. The image is replaced by a sensor which gathers data in digital Radiography. Digital Radiography is often used in the field of medical imaging. It is one of the most preferred option for clinical diagnosis due to its high quality image processing as well as less radiation exposure. The market players of digital radiologist systems mainly  focus on increasing the image quality such as sharpness contrast and the capability to find out injuries on a real time basis. The advancement in technology in x-ray imaging have improved the accuracy in diagnosis and minimise radiation dosages. 

COVID 19 Impact on Global Digital Radiography Systems Market

The COVID 19 pandemic has turned out to be the spotlight on diagnostic imaging specifically on digital Radiography systems. Digital imaging played the most crucial role on the COVID 19 diagnosis as it helps in finding out the affected lung tissue among the COVID 19 positive patients. Various companies have made huge investments in launch new radiography equipment. For instance, in December 2020, Agfa HealthCare introduced its new SmartXR for AI which will help the Radiography department and it was proven to be beneficial during the pandemic. Hence during COVID 19, the digital Radiography systems have positively impacted the market.

Key Market Drivers

Product development and technological advancements are driving the market

Technological advancements plays a crucial role for the growth of the digital Radiography systems market. Certain factors like image acquisition time, image quality, detector form, portability, and software boosts the demand for digital Radiography systems across the world. Apart from this, its capability in processing huge data and examining patients faster is also propelling the market growth. The launch of new equipment helps in driving the market growth. For instance, in September 2021, Koninklijke Philips got clearance from the US Food and Drug Administration for launching CombiDiagnost R90 which is a remote controlled fluoroscopy system.

Key Challenges

High cost of Digital Radiography Systems Market is restraining the market

Digital Radiography systems are extremely costly and need huge investments for installation, thus increasing the diagnosis cost for the patients. This results in the reduction of adoption rate of the new systems in the developing countries. In fact, small and medium sized healthcare units cannot opt for such systems and they would depend on third party market players for reimbursements for costs incurred in screening, diagnosis and therapeutic procedures performed using such systems.

Market Segmentation

Device Type Insights

Direct radiography segment holds the highest market share over the forecast period.

On the basis of device type, the global Radiography systems market is segmented into computed radiography and direct radiography. Among these, the direct radiography segment is dominating the market over the forecast period. The main reason behind the growth is the better contrast detectability, superior and accurate image capture, and better medical evaluation that are driving the segmental growth.

Portable Insights

The mobile segment is dominating the market with the largest market share over the forecast period.

Based on the portable, the global Radiography systems market is segmented into fixed and mobile. Among these, the mobile segment is dominating the market with the largest market share over the forecast period owing the increasing workflow efficiency enables the ability to see more patients. visits for injured patients easier. The ability to allow doctors to see patients off-site is driving up demand for this market.

Application Insights

The cardiovascular imaging segment accounted the largest market share over the forecast period.

On the basis of application, the global Radiography systems market is segmented into chest imaging, cardiovascular imaging, orthopedic, dental, mammography, others. Among these, the cardiovascular imaging segment accounted the largest market share over the forecast period. X-Rays help in identifying the heart enlargement which is caused due to heart valve disease or heart failure. It helps in diagnosing constrictive  percarditis by finding calcium deposits in sac.

End User Insights

The diagnostic center segment is dominating the market with the largest market share over the forecast period.

Based on the end user, the global Radiography systems market is segmented into Diagnostic Center, Hospitals, and Others. Among these, the diagnostic center segment is dominating the market with the largest market share over the forecast period owing to the rise in the number of geriatric people as well as significant growth in global disease cases which improve the segmental demand.

Regional Analysis

North America is dominating the market with the largest market share over the forecast period.

North America is dominating the market with the largest market share over the forecast period and is anticipated to continue its dominance within the upcoming years. The main reason behind the growth of this region is due to the rising adoption of healthcare systems towards advanced technology as well as the rising  cases of chronic health ailments like diabetes and cancer. A data presented by GLOBOCON 2020 revealed that 2281658 new cases of cancer were diagnosed in the United States among which 612,390 were reported as dead.

Asia Pacific, on the other hand is witnessing the fastest growth owing to the increasing number of geriatric population, rising disposable income, availability of affordable advanced technologies, and the increasing prevalence of chronic diseases.

Recent Developments

• In February 2022, Carestream Health India has made an announcement about the launch of the DRX Compass that is precise and convenient digital Radiography system.

• In March 2021, Fujifilm India Private Limited has launched its mobile digital Radiography systems named FDR nano which lighter in weight than the traditional mobile X-Rays.

• In July 2022, Shimadzu Corporation has launched its new addition of MobileDaRt Evolution MX8 Version v type  digital mobile X-Ray system.

List of Key Companies

• Agfa-Gevaert group
• Cannon Inc.
• Detection Technology
• Fujifilm Holdings
• Hitachi,Ltd
• General Electrics
• Medtronics
• Koninklijke Phillips
• Samsung Electronics Co Ltd

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Digital Radiography Systems Market based on the below-mentioned segments:

Digital Radiography Systems Market, Device Type Analysis

• Direct Radiography
• Computed Radiography

Digital Radiography Systems Market, Portability Analysis

• Fixed
• Mobile

Digital Radiography Systems Market, Application Analysis

• Chest Imaging
• Dental
• Cardiovascular Imaging
• Orthopedic
• Mammography
• Others

Digital Radiography Systems Market, End User Analysis

• Diagnostic Centers
• Hospital
• Others

Digital Radiography Systems Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa