Digital Radiography Market expected growth by 2026
Digital Radiology Market Segmentation
Product, technology, application, end user, and geography are all used to segment the digital radiology market. It is divided into stationary and portable digital radiology systems based on product type. Cardiovascular imaging, chest imaging, dental imaging, digital mammography, orthopaedic imaging, and other applications are included in the application sector.. The market is segmented into computed and direct radiology in terms of technology. Due to the quick increase in the number of units installed across end users, computed radiology was the largest contributor to the digital radiology market growth. The global digital radiography market was valued at USD 1,905.5 million in 2018 and is expected to grow to USD 2,978.3 million by 2026, with a CAGR of 5%.
Digital Radiology Market Overview:
In 2015, the global digital radiography market was valued at $5,989 million. Digital radiology, often known as digital radiography, is a type of x-ray imaging that captures images using digital x-ray sensors rather than films.As a result, you can get a preview of the photographs right away, saving time and increasing your ability to digitally transfer images. As a result, you can see a preview of the photographs right away, saving time and increasing your ability to digitally transfer images. Furthermore, it is a favoured diagnosis modality for a wide range of applications as compared to standard analogue x-ray because it exposes the patient to less radiation.. Furthermore, while novel technologies have been well-accepted in Western nations, digital radiology equipment have a huge user base in emerging economies such as India and China.Due to the introduction of dental x-ray and digital mammography, as well as wider usage of portable radiology systems throughout diagnostic centres, demand for digital radiology equipment has expanded dramatically in recent years.The rise in healthcare spending in growing Asian-Pacific economies like as India, China, and others is expected to open new doors for the Digital Radiography Market. The expensive expense of installing digital x-ray systems, on the other hand, may limit market expansion.
Drivers, Restraints, and Opportunities
The impact of driving variables is predicted to outnumber the impact of restraints. Furthermore, the advent of new markets and the increased acceptance of filmless radiology in the near future will bring additional growth prospects.
Product Segment Review
Hospitals and sophisticated diagnostic centres use stationary digital radiology systems, which contributes to market growth. This is due to decreased X-ray radiation exposure during imaging and high-quality images. Portable digital radiology devices, on the other hand, are widely used in dental x-ray and bedside imaging.
North America accounted for the largest share of the digital radiography market in 2015, and this trend is projected to continue due to the widespread availability of the service. Furthermore, reductions in reimbursement for analogue and CR-based imaging are helping to drive the global digital radiography market in North America.The rise of the market in developing economies such as India, China, Malaysia, and others is fueled by the ever-changing life science industry.
The global digital radiology industry is fiercely competitive, and the leading competitors have used a variety of techniques to gain the most market share. Collaboration, product launch, partnership, and acquisition are examples of these. Agfa-Gevaert Group, Canon Inc., Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hitachi, Ltd., Konica Minolta, Inc., Koninklijke Philips N.V., Siemens Aktiengesellschaft, and Varian Medical Systems, Inc. are some of the major competitors in the industry.
Varian Medical Systems, Esaote, and Swissray International, Inc. are among of the other major companies in the value chain. IMIX ADR, InfiMed Inc., Imaging Dynamics, SteleRAD, VIDAR Systems Corp, Nova Imaging, and Basda Medical Apparatus Co., Ltd. are among the companies participating in the competition.
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