Global X-ray Digital Imaging Systems Market – Industry Trends and Forecast to 2029

X-ray Digital Imaging Systems Market Analysis and Size

According to the American Heart Association (AHA), Heart Disease and Stroke Statistics - 2022 Update data, in the United States, Cardiovascular disease (CVD) is listed as the primary underlying cause of death, accounting for 874,613 deaths in 2019. On average, someone died of stroke every 3 minutes 30 seconds and someone died of myocardial infarction every 40 seconds in the United States. Because of the high prevalence of cardiac disease in the country's population, there is a high demand for imaging devices with precise diagnosis, and thus digital X-ray devices become important in this context.

Data Bridge Market Research analyses that the x-ray digital imaging systems market was valued at USD 7.93 billion in 2021 and is expected to reach the value of USD 12.21 billion by the year 2029, at a CAGR of 5.80% during the forecast period. The rise of these diseases, increasing demand for precision and quality of diagnosis, and advancements in technology in the healthcare sector are expected to drive the market during the forecast period.

Market Definition

Medical digital x-ray imaging is a process that visualises the internal structure of a patient in order to diagnose or detect a problem at an early stage. The pool of chronic disease patients has grown as a result of changing lifestyles and the adoption of unhealthy diets, such as dyslipidemia, hypertension, obesity, and hyperinsulinemia.

X-ray Digital Imaging Systems Market Dynamics

Drivers

• The technological advancement and government investments

Technological advancements and increased government investment in R&D projects in the imaging sector, particularly in developing economies such as China and India, are expected to drive market growth.

The growth in medical tourism

The development of new radiotracers and the increased prevalence of new products through advancement is benefiting the overall market. Growing medical tourism in developing economies, in particular, is a positive market factor.

• Opportunity

Improved clarity in imaging equipment and a lower risk of data damage while maximising efficiency are driving market demand. Nuclear imaging is expected to provide lucrative opportunities to the market,

Restraints/Challenges

However, the high costs of infrared detectors, as well as the availability of alternative imaging techniques, are impeding market growth. The lengthy approval process, on the other hand, may stifle market growth.

This x-ray digital imaging systems 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 x-ray digital imaging systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on X-ray Digital Imaging Systems Market

COVID-19, on the other hand, has created new opportunities for digital X-ray manufacturers and healthcare providers. Chest imaging has been considered as an alternative approach for patients with suspected or probable COVID-19 in settings where laboratory testing (RT-PCR) is not available, or results are delayed or initially negative. Imaging, such as chest radiography, CT scans, and lung ultrasounds, has been considered to supplement clinical evaluation and laboratory parameters in the management of COVID-19 patients. Chest radiography, according to the WHO, can aid in the dynamic evaluation of COVID-19 pneumonia and its complications. A bedside chest radiograph can help caregivers make better therapeutic management decisions by showing the resolution or progression of lung consolidation. Chest imaging can also help with pneumothorax or pneumomediastinum management.

Recent Development

• In 2021, Leica Microsystems collaborated with Imperial College London on X-ray digital imaging systems and its applications in research and innovation.
• Leica Microsystems received De Novo approval from the US Food and Drug Administration (FDA) in 2019 to market its FL400 surgical microscope filter in the United States.
• Stryker acquired Mobius Imaging, LLC and GYS Tech, LLC in 2019. Stryker's portfolio of orthopaedics, spine, and neurotechnology products was expanded as a result of the acquisition.

Global X-ray Digital Imaging Systems Market Scope

The X-ray digital imaging systems market is segmented on the basis of technology, application and end user. 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.

Technology

• 2D
• 3D
• 4D

Application                                                                        

• Cardiology
• Oncology
• Neurology
• Urology
• Gynecology
• Others

End User

• Hospitals
• Others
• Diagnostic imaging centres

X-ray Digital Imaging Systems Market Regional Analysis/Insights

The x-ray digital imaging systems market is analysed and market size insights and trends are provided by country, technology, application and end user as referenced above.

The countries covered in the x-ray digital imaging systems 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 accounted for a large market share due to advancements in the diagnostic sector and rising demand for early efficient devices for early detection of problems such as cancer. In addition to raising awareness in the imaging sector, the government is investing heavily in R&D projects and grants for the oncology segment, while the presence of key players in the region has resulted in lucrative growth for the region market.

Asia-Pacific is expected to be the fastest growing region in the market due to an increasing number of patients, a growing geriatric population, and technological advancements. Furthermore, emerging economies such as China and India are investing heavily in improving healthcare infrastructure and meeting unmet medical needs, while rising chronic diseases are driving demand.

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.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The x -ray digital imaging systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for x-ray digital imaging systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the x-ray digital imaging systems market. The data is available for historic period 2010-2020.

Competitive Landscape and X-ray Digital Imaging Systems Market Share Analysis

The x-ray digital imaging systems 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 x-ray digital imaging systems market.

Some of the major players operating in the x-ray digital imaging systems market are

• GENERAL ELECTRIC COMPANY (US)
• TOSHIBA CORPORATION (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Carestream Health. (US)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
• Ziehm Imaging GmbH (Germany)
• Canon Inc. (Japan), FUJIFILM Holdings Corporation (Japan)
• GMM PFAUDLER. (India)
• Danaher. (US)
• PLANMECA OY (Finland)
• VATECH (India)
• Villa Sistemi Medicali Spa. (Italy)
• Midmark Corporation. (US)
• Apteryx Imaging Inc. (Canada)
• Varian Medical Systems, Inc. (UK)
• Hamamatsu Photonics K.K. (Japan)
• KA Imaging (Canada)

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