In-Depth Insights into the Digital Radiography Market: Growth, Trends, and Opportunities for 2025-2034
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How has the digital radiography market grown over the years?
The market size for digital radiography has experienced substantial growth in recent years. It’s projected to expand from a market value of $7.83 billion in 2024 to $8.46 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historical period can be linked to several factors, including advancements in image quality, decreased radiation exposure, improved workflow efficiency, better diagnostic abilities, increase in chronic illnesses, cost efficiency over the long-term, and a growing older population.
What Is the forecasted market size and growth rate for the digital radiography market?
In the coming years, the digital radiography market is projected to experience significant growth, estimating its worth to be around $12.35 billion by 2029, with a compound annual growth rate (CAGR) of 9.9%. This anticipated growth within the forecast period can be linked to the enhancement of portable DR systems, the expansion of point-of-care imaging, the development of hybrid imaging solutions, the emphasis on pediatric imaging, the growth of veterinary imaging, the trend towards personalized medicine, and initiatives for dosage optimization. The forecast period will also see key market trends emerging like the shift from analog to digital imaging, advancements in detector technologies, the proliferation of wireless and portable digital radiography systems, the implementation of artificial intelligence (AI), standardization, interoperability, and increased use of mobile x-ray units.
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What are the major factors driving growth in the digital radiography market?
The growth of the digital radiography market is predicted to be fueled by the escalating digitization in the healthcare industry. The digitization process, which transforms data into a digital format, provides various advantages, including real-time access to healthcare information, facilitating studies and research collaborations, enhancing doctor-patient interactions, and automating administrative tasks. Consequently, this surge in digitization elevates the need for digital radiography. For instance, the NHS.uk website, according to the UK government, garners an average of 80 million views per month as of June 2022, becoming the most significant health information resource in Europe. The NHS App, promoting user-friendly access to services, has more than 28 million users and garners around 2.7 million uses weekly. It is anticipated to become the foremost portal for availing health and care services in the UK. Therefore, the rising pervasiveness of digitization in healthcare contributes to the expansion of the digital radiography market.
What key areas define the segmentation of the global digital radiography Market?
The digital radiography market covered in this report is segmented –
1) By Product Type: Computed Radiography, Direct Radiography
2) By Equipment: Detectors, Sensors, Photoconductor, Retrofit Radiography System, Scintillator, Phosphor Imaging Plate (IP), Other Equipment
3) By Portability: Fixed, Mobile
4) By Application: Dentistry, Orthopedics, Oncology, General Surgery, Mammography, Pulmonary Imaging, Cardiology, Gynecology, Other Applications
5) By End Use Industry: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Research Institutes, Other End-User Industries
Subsegments,
1) By Computed Radiography (CR): CR Systems, CR Detectors, CR Software
2) By Direct Radiography (DR): DR Systems, DR Detectors, DR Software
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What are the top market players propelling the growth of the digital radiography industry?
Major companies operating in the digital radiography market are Agfa-Gevaert Group, Carestream Health Inc., Canon Inc., Fujifilm Holdings Corporation, Koninklijke Philips N.V., Siemens Aktiengesellschaft, GE Healthcare, Hitachi Ltd., Konica Minolta Inc., Varian Medical Systems Inc., North Star Imaging Inc., Shimadzu Corporation, Toshiba Medical Systems Corporation, Bosello High Technology SRL, Detection Technology Oyj, COMET Group, Hologic Inc., Samsung Medison Co. Ltd., Esaote SpA, Mindray Medical International Limited, Analogic Corporation, Varex Imaging Corporation, Ziehm Imaging GmbH, Planmeca Oy, Dentsply Sirona Inc., Villa Sistemi Medicali S.p.A.
What are the key trends shaping the future of the digital radiography market?
The presence of major technological advancements adopted in the digital radiography market is one prominent trend these days. Major companies in the digital radiography market are keen on following this trend, putting more stake in creating new technological solutions, in an effort to ensure their market position. To illustrate this, Carestream, a company based in the US that is active in the digital radiography sector announces the launch of DRX Compass in February 2022. This new, advanced digital radiology tool offers high precision, convenience, and customization, revolutionizing the workflow of radiologists. Moreover, it enhances the diagnostic quality significantly while minimizing the dosage of patients, and simplifies operations for technicians, thereby enhancing the diagnostic center’s efficiency and diagnostic capabilities.
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What regions are dominating the digital radiography market growth?
North America was the largest region in the digital radiography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the digital radiography market report during the forecast period. The regions covered in the digital radiography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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