Digital X-ray Devices Market to be Worth $4.5 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, Nov. 28, 2022 /PRNewswire/ -- The global digital X-ray devices market size is anticipated to reach USD 4.5 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.0% during the forecast period. Factors, such as the increasing prevalence of chronic disorders, rapid technological advancements, and increasing patient understanding of early diagnostic techniques, are all augmenting the industry's growth.
Key Industry Insights & Findings from the report:
- Based on portability, the fixed digital X-ray segment accounted for the largest revenue share in 2022 owing to the introduction of technologically advanced devices.
- The mobile digital X-ray segment is expected to register the fastest CAGR during the forecast period.
- The general imaging segment held the largest revenue share in 2022 due to the growing adoption of X-ray devices for general imaging.
- The diagnostic imaging centers segment is expected to grow at the fastest CAGR over the forecast period owing to its numerous advantages over hospitals.
- Asia Pacific has been estimated to be the fastest-growing region due to the presence of a large pool of patients, increasing healthcare awareness, and rising government funding for R&D & upcoming research projects.
Read 102-page full market research report, "Digital X-ray Devices Market Size, Share & Trends Analysis Report By End-user (Hospital, Diagnostic Imaging Centers), By Portability (Fixed, Mobile), By Application (Orthopedic, General Imaging), And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Digital X-ray Devices Market Growth & Trends
The lightweight, wireless, and robust cassette-sized detector used in DR technology, which can transform analog X-rays into complete digital radiography solutions, makes it an effective technology. With the use of this technology, digital X-ray images are produced, which eliminates the need for film or Computed Radiography (CR) plates.
In addition, compared to its digital counterpart, film-based traditional radiography requires more manpower, and even the consumables utilized are more expensive. Chronic diseases, such as cancer, cardiovascular, COPD, CKD, and diabetes, are the major causes of death among adults in developing as well as developed countries. According to the WHO, chronic disorders account for about 41 million deaths globally, which is equivalent to 74% of all fatalities worldwide. Digital X-ray technology helps in the early intervention of such disorders, thus boosting its demand. Moreover, compared to traditional X-rays, this technology provides a number of benefits including 70% less radiation, better image quality, and less acquisition time.
Rapid technological advancements, such as the integration of Artificial Intelligence (AI), reduced X-ray dosage exposure, and high-resolution imaging is also expected to accelerate industry growth. For instance, in October 2021, Samsung partnered with VUNO, a South Korean AI medical software firm, to integrate VUNO's AI-assisted solutions into Samsung's digital radiography system. The key industry players are implementing various strategies including mergers & acquisitions, partnerships, collaborations, and expansions to gain higher market shares. For instance, in April 2022, Samsung introduced the GM85 Fit, a mobile digital radiography device. This system is anticipated to support effective and efficient patient care.
Digital X-ray Devices Market Segmentation
Grand View Research has segmented the global digital X-ray devices market on the basis of portability, application, end-use, and region:
Digital X-ray Devices Market - Portability Outlook (Revenue, USD Million, 2018 - 2030)
- Fixed
- Mobile
Digital X-ray Devices Market - Application Outlook (Revenue, USD Million, 2018 - 2030)
- General Imaging
- Orthopedic
- Dental
- Mammography
Digital X-ray Devices Market - End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Diagnostic Imaging Centers
- Dental Care Centers
Digital X-ray Devices Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- Australia
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
List of Key Players of Digital X-ray Devices Market
- GE Healthcare
- Siemens Healthineers AG
- Philips Healthcare
- Canon Medical Systems Corp.
- Carestream Health
- Fujifilm
- Mindray Medical International
- Shimadzu International
- Samsung Medison
- Boston Imaging
Check out more related studies published by Grand View Research:
- Dental X-ray Market - The global dental X-ray market size is expected to reach USD 5.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 8.7% from 2022 to 2030. The increasing prevalence of oral diseases and the rising geriatric population are some of the factors that have led to the growth of the market.
- X-ray Photoelectron Spectroscopy Market - The global XPS market is expected to reach USD 712.4 million by 2022, according to a new report by Grand View Research, Inc. Growing application of XPS technology in different industries such as healthcare, semiconductors, aerospace, automotive, and electronics along with rising demand for research and development across all these industries is expected to drive the XPS market over the forecast period.
- Medical X-ray Generator Market - The global medical X-ray generator market is expected to reach USD 2.07 billion by 2024, according to a new report by Grand View Research, Inc. The unprecedented shift in lifestyle associated habits coupled with increasing prevalence chronic diseases, is responsible for the rise in demand for accurate diagnostic tools, which is presumed to bolster the market growth.
Browse through Grand View Research's Medical Devices Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc
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