digital radiography market
Medical Equipment

What Will The Digital Radiography Market Look Like In 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

The Business Research Company’s digital radiography market report forecasts the digital radiography market size to grow to $9.81 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Digital Radiography Market Size Forecast
The global digital radiography market is expected to grow from $6.86 billion in 2022 to $7.37 billion in 2023, at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital radiography market size is expected to grow to $9.81 billion in 2027 at a CAGR of 7.4%.

North America held the largest digital radiography market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Digital Radiography Market Driver ­– Increase In Digitization In The Healthcare Sector
For instance, in August 2021, according to Accenture, an Ireland-based information technology company, people are shifting to digital technologies to manage their health records in recent times. There is an increase in the use of electronic health records with 31% using EHR and 39% of patients with chronic diseases having a virtual consultation in 2020, this clearly states the increase in the adoption of digitization in the healthcare sector. Therefore, the increasing digitization in the healthcare sector drives the digital radiography market.

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Key Digital Radiography Market Trend – Technological Advancement
Major companies operating in the digital radiography market are focused on developing new technological solutions to strengthen their position in the market. For instance, in February 2022, Carestream, a US-based company operating in digital radiography, launched DRX Compass, an advanced digital radiology solution. This advanced digital solution for radiology is accurate, convenient, and customizable, giving radiologists a whole new level of efficiency and also providing phenomenal diagnostic quality with the least amount of patient dosage and ease of operation for technicians, improving the diagnostics capabilities and productivity of the diagnostic facility.

Digital Radiography Market Segment
1) By Product Type: Computed Radiography, Direct Radiography
2) By Equipment: Detectors, Sensors, Photoconductor, Retrofit Radiography System, Scintillator, Phosphor Imaging Plate (IP), Other Equipments
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

Digital Radiography Market Major Players and Strategies
Major players in the digital radiography market are Agfa-Gevaert Group, Carestream Health Inc., Canon Inc., Fujifilm Holdings Corporation, Koninklijke Philips NV, Siemens Aktiengesellschaft, GE Healthcare, Hitachi Limited, Konica Minolta Inc., Varian Medical Systems Inc., North Star Imaging, Fresenius SE & Co. KGaA, Shimadzu Corporation, Toshiba Medical System Corporation, Bosello High Technology SRL, and Detection Technology Oyj.

In March 2022, Canon Medical Systems Corporation, a Japan-based medical systems company, acquired Nordisk Røntgen Teknik (NRT) for an undisclosed amount. Through this acquisition, Canon Medical Systems Corporation aims to upgrade its motorized, automatic digital radiographic imaging solution with NRT’s unique technology. Nordisk Røntgen Teknik (NRT) is a Denmark-based company operating in digital radiography market.

The Digital Radiography Global Market Report 2023 covers regional data on digital radiography market size, digital radiography market trends and drivers, opportunities, strategies, and digital radiography market competitor analysis. 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.

Digital radiography is a form of x-ray inspection that generates a digital radiographic image on a computer instantly. This method captures data during object examination using x-ray sensitive plates, which are then immediately transferred to a computer without the use of an intermediate cassette.

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