Digital X-Ray Market to Witness a CAGR of 9.12% during 2018-2024


Posted February 16, 2019 by Energias

Global Digital X-Ray market is expected to grow significantly from USD 7.86 billion in 2017 to USD 14.73 billion in 2024, at a CAGR of 9.12% during 2018-2024.

 
Global Digital X-Ray market is expected to grow significantly from USD 7.86 billion in 2017 to USD 14.73 billion in 2024, at a CAGR of 9.12% during 2018-2024. The growth can be primarily attributed to the increasing adoption of digital imaging technology, and increasing incidents of breasts cancer and oral disorders. Moreover, rising number of accidental cases and technological advancements in X-rays and product development are anticipated to augment the demand for digital X-ray market over the forecast period. Additionally, increasing preference for digital X-ray systems is driven by benefits such as enhanced imaging quality, ability to handle higher imaging volumes, and greater portability. However, high costs of digital x-ray may hamper the market growth.

Key findings of the report:

The global digital X-ray market is expected to reach USD 14.73 billion in 2024, at a CAGR of 9.12% during 2018 -2024
Based on portability, the fixed digital X-ray systems segment held the major share of the market in 2017, owing to technological advancements and advance clinical applications
On the basis of technology, the direct digital radiography segment is likely to grow at the fastest rate during the forecast period 2018-2024
Based on the system, the retrofit digital X-ray systems segment held the largest share of the global market in 2017
On the basis application,
The mammography segment is expected to register the highest CAGR during the 2018-2024
The general radiography segment held the major share of the global market in 2017
Based on the end-user, the hospital segment held the largest share of the global market in 2017 owing to growing number of imaging procedures performed in hospitals and growing adoption of digital X-ray in hospital
North America held the largest share of the global market in 2017
Some of the key companies operating in the market include Carestream Health, HologicInc, GE Healthcare, Konica Minolta, Inc., Hitachi, Ltd., Fujifilm Medical Systems, Inc., Philips Healthcare, Canon U.S.A, Agfa HealthCare, and Siemens Healthcare Private Limited, among others
Advantages of digital X-ray technology boosting the market growth

Digital X-ray or radiography is defined as a form of X-ray imaging in which digital X-ray sensors are used instead of any traditional photographic film. The major advantages of using digital X-ray include time efficiency, the capability to transfer images digitally, and enhanced images. In addition to this, very less radiation is used to produce an image of same or similar contrast to conventional radiography. Digital radiography utilizes a digital image capture device instead of X-ray film. Hence, immediate image preview and availability is attained along with the elimination of costly film processing steps. Additionally, orthopedic surgeons depend on X-ray images for minimally invasive procedures such as knee and wrist joints, ankle among others. The X-ray images provide real-time imagery and allow accurate diagnosis. The biggest advantage of digital technology is that it enables electronic transfer of images to any location, as well as guides the doctor to treat the patients.

Browse full research report with TOC on “Global Digital X-Ray Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-digital-x-ray-market-report/

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Last Updated February 16, 2019