Global Digital Based Radiography Market – Industry Trends and Forecast to 2029

Digital Based Radiography Market Analysis and Size

Increasing digitalization in the healthcare sector plays a vital role in the rising need for imaging and radiographic solutions. The rising chronic and age-related diseases will further propel the market's growth over the forecasted period.  

Global digital based radiography market was valued at USD 3,903.20 million in 2021 and is expected to reach USD 6363.37 million by 2029, registering a CAGR of 6.30% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Digital Based Radiography MarketScope and Segmentation

Market Definition

Digital based radiography refers to the radiography method that uses the x-ray sensitive plates that directly capture data during the patient examination. It is an advanced form of the x-ray inspection that produces a digital radiographic image on a computer and has a wide range of applications such as diagnostics, mammography, dental and others.

Global Digital Based Radiography Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rising demands in automotive and aerospace industries

Rising demands of the digital based radiography in automotive and aerospace industries due to the increased applications of radiography is the primary factor driving the growth of the market over the forecasted period. Various applications include the casting, composites to weld and inspection analysis of multiple electronics, sensors and battery scanning management. Moreover, the reduced costs and power expenses are leading to increased demand of the product. All these factors are expected to drive the digital based radiography market over the forecasted period.

• Rising demands in healthcare sector

The rising demands of the digital based radiography amongst the healthcare sector fuels the market growth. The rising need to diagnose and imaging various chronic diseases such as cancer and sports-related injuries is the factor driving the market growth in the healthcare sector and across different end users such as diagnostic sectors and hospitals. All these factors are expected to drive the digital based radiography market over the forecasted period.

Opportunities

• Growing Penetration and Technological Advancements

The growing penetration of digital based radiography is estimated to generate lucrative opportunities for the market, which will further expand the digital based radiography market's growth rate in the future. Moreover, the necessity use of radiographic methods due to the rising chronic diseases and age-related disorders, sport-related injuries and others is the vital factor that is increasing the demands for the digitalized radiography and hence, creating significant lucrative growth opportunities for the market over the forecasted period.

Restraints/Challenges

• High risks of radiation exposure

The high risks of radiation exposure during the radiography process is the major factor creating hindrances for the market and is expected to obstruct market growth.

• High deployment costs

The main drawback is that the deployment and maintenance costs of the digital based radiography is higher than average. This factor is projected to be a challenge for the digital based radiography market over the forecast period.

This digital based radiography market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital based radiography market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent developments

• In 2020, the Canon Medical USA introduced the Soltus 500 digital mobile based x-ray system, which includes innovations that can assist the speed beside exams and enhance workflow and efficiency.

Global Digital Based Radiography Market Scope

The digital based radiography market is segmented on the basis of type, product type, portability, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Dynamic
• Static

Product Type

• Computed Radiography
• Direct Digital Radiography

Portability

• Fixed
• Mobile

Application

• General Radiology
• Dental Application
• Fluoroscopy
• Mammography
• Others

End User

• Diagnostic Centers
• Hospitals
• Others

Digital Based Radiography Market Regional Analysis/Insights

The digital based radiography market is analyzed and market size insights and trends are provided by type, product type, portability, application and end use as referenced above.

The countries covered in the digital based radiography market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the digital based radiography market because of the rising number of the healthcare settings within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demands of latest and advanced technology for diagnosis and other purposes within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Digital Based Radiography Market Share Analysis

The digital based radiography market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital based radiography market.

Some of the major players operating in the digital based radiography market are

• Teledyne Technologies Incorporated. (U.S.)
• Detection Technology Plc. (Finland)
• Canon U.S.A., Inc. (U.S.)
• X-Ray Associates (U.S.)
• Ixar (U.K.)
• PerkinElmer Inc. (U.S.)
• North Star Imaging Inc. (U.S.)
• C.E.I.A. S.p.A. (Italy)
• Smiths Group plc (U.K.)
• Nordson Corporation (U.S.)
• Bosello High Technology srl (U.S.)
• 3DX-RAY (U.K.)
• METTLER TOLEDO. (U.S.)
• Comet Group (Switzerland)
• Shimadzu Corporation (Japan)
• Nikon Corporation (Japan)
• General Electric (U.S.)
• Konica Minolta Business Solutions India Pvt. Ltd. (Japan)

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