The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

• Digital Radiography Market Overview: The digital radiography market has experienced significant growth, with a size of $7.38 billion in 2023, expected to reach $8.04 billion in 2024 at a CAGR of 8.9%.
• Factors Driving Growth: Key drivers include improvements in image quality, reduction in radiation exposure, enhanced diagnostic capabilities, and an increase in chronic diseases.
• Impact of Demographics: The rise in the geriatric population contributes to the market expansion.
• Forecast Period Growth: Expectations for 2028 project a market size of $11.34 billion at a CAGR of 9.0%.
• Forecast Period Trends: Advancements in portable DR systems, point-of-care imaging, and the integration of AI are anticipated trends.
• Industry Players: Major companies like Agfa-Gevaert Group, Carestream Health Inc., and Canon Inc. drive market innovation and competitiveness.

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Technological Advancements Shape The Future Of The Digital Radiography Market

• Innovations Driving Market Growth: Companies prioritize technological advancements to stay competitive.
• Case Study: Carestream’s launch of DRX Compass exemplifies efforts to enhance diagnostic quality while minimizing patient dosage.
• Acquisitions Driving Innovation: Canon Medical Systems’ acquisition of Nordisk Røntgen Teknik (NRT) aims to bolster its digital radiography portfolio.
• Market Segmentation: Segments include product types like computed radiography and direct radiography, and end-use industries such as hospitals and clinics.
• Regional Trends: North America led the digital radiography market in 2023, with Asia-Pacific expected to witness the fastest growth.

Conclusion
The digital radiography market is witnessing robust growth driven by technological advancements, increasing digitization in healthcare, and demographic shifts. With a strong focus on innovation and strategic acquisitions, companies are poised to capitalize on emerging opportunities. As healthcare systems worldwide embrace digital transformation, the digital radiography market is primed for sustained expansion, offering improved diagnostic capabilities and enhanced patient care.

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