Meticulous Research®, a leading authority 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.’
According to this report, the digital X-ray systems market is projected to reach $14.33 billion by 2031, growing at a CAGR of 7.8% from 2024 to 2031. The market's growth is driven by the increasing prevalence of chronic diseases, the growing adoption of teleradiology, and ongoing technological advancements that have enhanced the appeal of digital X-ray systems. However, the high costs associated with these systems may act as a barrier to widespread adoption.
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On the other hand, emerging markets and the rising incorporation of Artificial Intelligence (AI) into digital X-ray systems are expected to provide ample growth opportunities. Conversely, a shortage of skilled professionals poses a considerable challenge to the market's expansion.
The digital X-ray systems market is segmented by 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 competitive analysis and detailed regional and country-level market evaluations.
In the Product Type segment, fixed digital X-ray systems are expected to dominate the market in 2024, with a 41.9% share of the market. These systems, available as ceiling-mounted and floor-mounted models, are widely utilized in hospitals and diagnostic centers. The increasing number of such facilities has led to higher adoption of fixed digital X-ray systems, which in turn supports the segment's market leadership.
With respect to Technology, the market is divided into Direct Radiography (DR) and Computed Radiography (CR). The DR segment is expected to lead the market in 2024, owing to its ability to deliver faster and higher-quality images compared to CR. Additionally, DR systems have a lower risk of radiation overexposure, which is a key factor driving the growth of this segment.
The Application segment includes orthopedic & trauma, breast imaging, dental imaging, chest & lung imaging, and other applications. The orthopedic & trauma segment is anticipated to capture the largest market share in 2024, driven by the rising incidence of orthopedic conditions, the superior diagnostic capabilities of digital X-ray devices, technological advancements, and an increasing 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 forecasted to dominate the market in 2024, bolstered by the wide range of diagnostic and surgical procedures that depend on X-ray imaging. Factors such as increasing hospitalization rates, an aging population, and the expansion of healthcare facilities further contribute to this segment's leading position.
Regional Overview
The report provides an in-depth analysis of major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is projected to hold the largest share of the digital X-ray systems market at 37.6%, followed by Europe and Asia-Pacific. This dominance is attributed to the region's advanced healthcare infrastructure, widespread awareness of early disease detection, and significant 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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