Global Digital Radiography Market Size
Medical Equipment

Top 5 Insights From The Digital Radiography Market Report 2023

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Digital Radiography Global Market Report 2023, the digital radiography market is expected to show promising growth in the forecast period.

The global digital radiography market is set to witness significant growth, with its size projected to surge from $6.86 billion in 2022 to $7.37 billion in 2023, boasting a Compound Annual Growth Rate (CAGR) of 7.3%. Beyond 2023, the market is anticipated to reach $9.81 billion by 2027, maintaining a robust CAGR of 7.4%. This exponential growth is underpinned by various factors, notably the increasing digitization in the healthcare sector.

Digitization in Healthcare: A Driving Force

  • Definition of Digitization: The process of converting information into a digital format.
  • Healthcare Benefits: Real-time health information, collaborative studies, seamless doctor-patient coordination, and automated administrative tasks.
  • Accenture’s Insight: Shifting to digital technologies for health records management.
  • Statistics: In 2020, 31% using Electronic Health Records (EHR) and 39% of chronic disease patients opting for virtual consultations.

The surge in digitization within the healthcare sector is a pivotal driver for the increased demand for digital radiography. This shift is evident in the adoption of electronic health records and the prevalence of virtual consultations, signifying a transformative era in healthcare practices.

Key Players in the Market

  • Prominent Companies: Agfa-Gevaert Group, Carestream Health Inc., Canon Inc., Fujifilm Holdings Corporation, Koninklijke Philips NV, Siemens Aktiengesellschaft, GE Healthcare, and others.

The digital radiography market is not only growing but is also fiercely competitive, featuring industry giants vying for supremacy. A strategic overview of key players showcases the diversity and dynamism of this burgeoning market.

Technological Advancements as a Growth Catalyst

  • Emerging Trend: Major companies investing in technological advancements.
  • Case in Point: Carestream’s launch of DRX Compass in February 2022.
  • Advantages: Accuracy, convenience, customizability, reduced patient dosage, ease of operation for technicians.

Technological innovation is a pivotal trend, with companies like Carestream spearheading the development of advanced solutions, enhancing diagnostic capabilities and overall productivity in diagnostic facilities.

Market Segmentation
The digital radiography market is segmented into various categories, offering a comprehensive understanding of its diverse landscape:

  1. Product Type:
    • Computed Radiography
    • Direct Radiography
  2. Equipment:
    • Detectors
    • Sensors
    • Photoconductor
    • Retrofit Radiography System
    • Scintillator
    • Phosphor Imaging Plate (IP)
    • Other Equipments
  3. Portability:
    • Fixed
    • Mobile
  4. Application:
    • Dentistry
    • Orthopedics
    • Oncology
    • General Surgery
    • Mammography
    • Pulmonary Imaging
    • Cardiology
    • Gynecology
    • Other Applications
  5. End Use Industry:
    • Hospitals
    • Clinics
    • Ambulatory Surgical Centers
    • Medical Research Institutes
    • Other End-User Industries

The segmentation reflects the diverse applications and end-user industries leveraging digital radiography, showcasing its adaptability across various sectors.

Regional Dynamics

  • Dominant Region: North America led the digital radiography market in 2022.
  • Emerging Growth: Asia-Pacific poised to be the fastest-growing region during the forecast period.

The regional landscape highlights the global nature of the digital radiography market, with different regions experiencing varying degrees of growth.

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The Digital Radiography Global Market Report 2023  offers a comprehensive overview on the digital radiography market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the digital radiography market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The Table Of Content For The Digital Radiography Market Include:
1. Digital Radiography Market Executive Summary
2. Digital Radiography Market Segments
3. Digital Radiography Market Size And Digital Radiography Market Growth Rate
4. Key Digital Radiography Market Trends
5. Major Digital Radiography Market Drivers
25. Key Mergers And Acquisitions In The Digital Radiography Market
26. Top Digital Radiography Companies
27. Digital Radiography Market Opportunities And Strategies
28. Digital Radiography Market, Conclusions And Recommendations
29. Appendix

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