$14.33 Billion Milestone for Digital X-ray Systems Market by 2031
Meticulous Research®, a leading name in market research, has published a new report titled ‘Digital X-ray Systems Market Size, Share, Forecast, & Trends Analysis by Product (Fixed, Portable, Software & Services), Technology (Computed, Direct), Application (Orthopedic & Trauma, Chest & Lung), End User - Global Forecast to 2031.’
This report predicts that the digital X-ray systems market will reach $14.33 billion by 2031, with a CAGR of 7.8% during the forecast period from 2024 to 2031. The market's growth is propelled by factors such as the rising prevalence of chronic diseases, the growing adoption of teleradiology, and significant technological advancements in the field of digital imaging. However, the high costs associated with these systems may limit their widespread adoption.
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Emerging markets and the growing incorporation of Artificial Intelligence (AI) into digital X-ray systems present lucrative opportunities for market expansion. Conversely, the lack of skilled professionals may serve as a considerable challenge to the market's growth trajectory.
The digital X-ray systems market is segmented based on Product Type (Fixed Digital X-ray Systems—Ceiling Mounted, Floor Mounted, Portable Digital X-ray Systems, Detectors, Software & Services), Technology (Direct Radiography, Computed Radiography), Application (Orthopedic & Trauma, Breast Imaging, Dental Imaging, Chest & Lung Imaging, and Other Applications), End User (Hospitals & Clinics, Diagnostic Imaging Centers), and Geography. The report also includes a competitive analysis of industry players and a detailed examination of regional and country-level markets.
In the Product Type segment, fixed digital X-ray systems are expected to dominate the market in 2024, holding a 41.9% share. These systems, which are available in ceiling-mounted and floor-mounted configurations, are extensively used in hospitals and diagnostic centers. The increasing number of these facilities has led to higher adoption rates of fixed digital X-ray systems, reinforcing the segment’s market dominance.
For Technology, the market is divided into Direct Radiography (DR) and Computed Radiography (CR). The DR segment is forecasted to hold the largest market share in 2024 due to its ability to produce faster and higher-quality images compared to CR. Additionally, DR systems pose a lower risk of radiation overexposure, which is a key factor driving the growth of this segment.
In the Application segment, categories include orthopedic & trauma, breast imaging, dental imaging, chest & lung imaging, and other applications. The orthopedic & trauma segment is anticipated to lead the market in 2024, driven by the rising incidence of orthopedic conditions, the superior performance of digital X-ray devices in diagnosing these conditions, technological advancements, and the growing number of road accidents.
In terms of End Users, the market is segmented into hospitals & clinics and diagnostic imaging centers. The hospitals & clinics segment is expected to dominate the market in 2024, supported by the broad range of diagnostic and surgical procedures that require X-ray imaging. Factors such as increasing hospitalization rates, an aging population, and the expansion of healthcare infrastructure further strengthen this segment’s leadership position.
Geographic Breakdown
The report offers a thorough analysis of major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is projected to capture the largest share of the digital X-ray systems market, accounting for 37.6% of the total market. This dominance is attributed to the region's advanced healthcare system, high awareness of early disease detection, and substantial healthcare expenditure.
KEY PLAYERS :
The key players profiled in the digital X-ray systems market report are Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), GE HealthCare Technologies Inc. (U.S.), Canon Inc. (Japan), Shimadzu Corporation (Japan), FUJIFILM Holdings Corporation (Japan), Carestream Health, Inc. (U.S.), Agfa-Gevaert NV (Belgium), Hologic, Inc. (U.S.), Konica Minolta, Inc. (Japan), Samsung Medison Co., Ltd. (South Korea), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China).
Key questions answered in the report:
- Which are the high-growth market segments in terms of product type, technology, application, end user, and geography?
- What was the historical market for digital X-ray systems across the globe?
- What are the market forecasts and estimates for 2024–2031?
- What are the major drivers, restraints, opportunities, and challenges in the digital X-ray systems market?
- Who are the major players in the digital X-ray systems market?
- What is the competitive landscape, and who are the market leaders in the digital X-ray systems market?
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