Digital Radiography Market Size, Share, Outlook, and Opportunity Analysis 2020 – 2027

 

Digital Radiography Market

Growing levels of digitization in the healthcare industry are streamlining patient diagnosis and delivering precise and quick test results. An efficient diagnostic tool, X-rays have become more digital in diagnostic labs all over the world. The prognosis for the global digital radiography industry has also been enhanced by the advent of portable digital x-ray devices. Dental, chest imaging, orthopaedic, and mammography all use digital radiography. The market for digital x-rays is expanding quickly due to benefits such the simplicity of running mobile systems and rising demand for portable and mobile equipment.

Over the projected period, rising regulatory authority approvals for digital radiography devices is anticipated to fuel market expansion. For instance, in 2018, the U.S. Food and Drug Administration (FDA) granted Philips 510(k) permission to commercialise ProxiDiagnost N90, a high-end digital radiography-fluoroscopy (DRF) system. Through a single device, this DRF system can perform digital X-rays and close-up fluoroscopy. ProxiDiagnost N90 enables enhanced patient throughput and high room utilisation with the best workflow assistance and patient accessibility.

The Global Digital Radiography Market Size Was Valued At US$ 5,290.0 Million In 2019, And Is Expected To Exhibit A CAGR Of 4.2 % Over The Forecast Period (2020–2027).

One of the key factors fueling the expansion of the global digital radiography market is the rising number of digital radiography system releases. For instance, to modernise the digital X-ray process, Canon U.S.A. introduced the CXDI-710C, CXDI-810C, and CXDI-410C wireless digital radiography (DR) detectors in November 2017.

The global market for digital radiography is divided into regions based on geography: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Due to the presence of important players in the market, including Carestream Health, North Star Imaging, GE Healthcare, and Varex Imaging Corporation, North America is anticipated to have a commanding position in the worldwide digital radiography market during the course of the forecast period. To increase their market share, these competitors are concentrating on strategic acquisitions. For instance, in April 2019, Varex Imaging Corporation purchased Direct Conversion, a producer and distributor of linear array digital detectors based in Stockholm, Sweden.

Due to rising health care spending to provide adequate and high-quality healthcare services in the region, Asia Pacific is predicted to experience growth in the global digital radiography market. For instance, MGM Healthcare Pvt. Ltd. announced in November 2018 that it intended to establish a new chain of hospitals with a 400-bed state-of-the-art medical facility. This move is anticipated to propel the growth of the digital radiography market due to India's rising demand for X-ray equipment and imaging software.

Read the Press Release of Digital Radiography Market

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