Digital X-Ray Systems Market is Projected to Expand at a 2.95% CAGR from 2019-2026

Digital X-Ray Systems Market is Projected to Expand at a 2.95% CAGR from 2019-2026

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

The global digital x-ray systems market is estimated to be USD 3,633 million in 2019 and is expected to reach USD 4,452 million by 2026, with a CAGR of 2.95% during the forecast period.

Digital X-ray or radiography is defined as a form of X-ray imaging in which a digital X-ray sensor is used in place of any conventional photographic film. The main advantages of using digital X-rays include time efficiency, the ability to digitally transmit images, and enhanced images.

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Key Players:

Some of the key players in this market include Koninklijke Philips N.V., GE Healthcare, Hitachi, Ltd., Shimadzu Corporation, Fujifilm Medical Systems, Siemens Healthineers, Canon Medical Systems Corporation, Carestream Health, Hologic, Inc., Biosign, and Others. 

Market Driver and Restraint

Increase in R&D activities in the healthcare sector, along with rise in number of product approvals are anticipated to boost the market’s growth. Moreover, the growing demand for effective diagnostic imaging techniques due to surge in incidence of chronic diseases such as arthritis, cancer, and appendicitis is also propelling the growth of the digital x-ray systems market.

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Forecast by Geography

On the basis of geography, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. North America is the largest market with a proportion of 35.81%, followed by Asia Pacific and Europe, accounting for 24.67% and 22.69% respectively.

 

North America dominated the market in 2018 in terms of revenue owing to high adoption of advanced technologies and improved infrastructure in healthcare facilities. Asia Pacific is expected to see the fastest growth rate over the forecast period mainly due to rise in supportive government incentives and increasing prevalence of chronic diseases.

Type Segment Analysis

The types of digital X-ray system markets can be divided into Digital, Analog, and others.

Application Segment Analysis

Digital X-ray systems are widely used in hospitals, diagnostic centers, mobile imaging centers, and others.

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Target Audience:

•     Digital x-ray systems manufacturers

•     Healthcare organizations

•     Technology providers

•     Distributors and resellers of digital x-ray systems

•     Digital x-ray systems industry associations

•     Product managers, digital x-ray systems industry administrator, C-level executives of the industries

•     Market Research and consulting firms

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