Global digital x-ray market

Global Digital X-Ray Market Size, Share, Growth Analysis, By Technology(Direct radiography, computed radiography), By Application(General Radiography, Chest Imaging Applications), By Portability(Fixed Digital X-ray Systems, Floor-to-Ceiling-Mounted Systems), By System(Retrofit Digital X-ray Systems, New Digital X-ray Systems), By End User(Hospitals, Diagnostic Centers) - Industry Forecast 2023-2030


Report ID: SQSG35G2035 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 151 | Figures: 78

Global Digital X-Ray Market Insights

Digital X-Ray Market size was valued at USD 11.1 billion in 2021 and is poised to grow from USD 12 billion in 2022 to USD 24.19 billion by 2030, growing at a CAGR of 8.1% in the forecast period (2023-2030).

Digital X-ray, also known as digital radiography, is a type of X-ray imaging in which these sensors are used in place of traditional photographic films. This has the added benefit of saving time and allowing you to transfer images digitally while also improving their visibility. The rise in the incidence of dental digital X-ray, as well as appropriate government initiatives and investments, are expected to drive the growth of the global market during the forecast period. Furthermore, the rising prevalence of oral cancer and dental cavities among children is expected to fuel the growth of the global market. Furthermore, the advantages of these systems over traditional analogue systems are expected to support the growth of the global market. On the other hand, the rising cost of these systems is expected to stifle the market growth over the forecast period. Furthermore, the advancement of AI-based digital X-ray systems will provide additional opportunities for the market to grow in the coming years. However, the growing adoption of refurbished systems may pose a further challenge to the X-ray market's growth in the near future.

The benefits of digital x-ray have played a significant role in their adoption; the speed and accuracy, as well as the quick processing times, allow for significantly higher patient screening volumes than earbor. This has compelled businesses to concentrate on product development and innovation. However, these systems are expensive, which limits their adoption. Other factors such as declining reimbursements, a lack of infrastructure, particularly in developing and underdeveloped countries, and potential risks associated with radiation exposure are expected to hamper market growth.

US Digital X-Ray Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 11.1 billion

Largest Segment

direct radiography

Fastest Growth

direct radiography

Growth Rate

8.1% CAGR

Global Digital x-ray market , 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global digital x-ray market Size By technology, 2021-2028 ($ Bn)
Global digital x-ray market Size By technology, 2021-2028 (%)

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Global Digital X-Ray Market Segmental Analysis

Global digital x-ray market is segmented based on the technology, system, application, portability, end user, and region. By Application, the market is segmented into General Radiography, Chest Imaging Applications, Orthopedic Applications, Cardiovascular Imaging, Dental Applications, Mammography, Cancer, Fluoroscopy, Other General Radiography Applications. By Portability, the market is segmented into Fixed Digital X-ray Systems, Floor-to-Ceiling-Mounted Systems, Ceiling-Mounted Systems, Portable Digital X-ray Systems, Mobile X-ray Systems and Handheld X-ray Systems. By End User, the market is segmented into Hospitals, Diagnostic Centers and Dental Care Centers. Based on technology, the market is segmented into direct radiography and computed radiography. Based on system, the market is segmented into new digital X-ray systems and retrofit digital X-ray systems. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Digital X-Ray Market Analysis by Technology

Based on technology, the direct radiography segment held the largest market share in 2021. Direct radiography (DR) systems' advantages, such as effective dynamic range, superior and accurate image capture, as well as lower radiation exposure for patients and workers, are all contributing to the growth of this technology segment. A significant advantage of DR-based systems over fam and CR systems is that images are sent directly from the X-ray imaging plate to a computer screen, eliminating the need to retrieve the image plate for image processing or taking a second X-ray shot. Other advantages of DR systems include improved medical evaluation, superior and accurate image capture, reduced radiation exposure for patients and workers, image management flexibility, increased patient throughput, superior data and image evaluation, and lower operational costs.

Digital X-Ray Market Analysis by System

Based on system, during the forecast period, the rebro digital X-ray systems segment is expected to dominate the market. The large share of this segment can be attributed to end users' increased adoption of retrofit systems due to their lower cost when compared to new digital X-ray systems. However, as a result of government initiatives reducing reimbursements for analogue and computed X-ray systems, the new digital X-ray systems segment is expected to grow at a faster CAGR during the forecast period.

Global digital x-ray market By technology, 2021 (%), 2021 (%)

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Global Digital X-Ray Market Regional Insights

North America dominated the global digital X-Ray Market share, and this is expected to continue during the forecast period. Within North America, the United States dominates the studied market and is expected to continue to do so over the forecast period. The region's growing burden of chronic diseases such as cancer and diabetes, as well as the region's increasing adoption of sophisticated technology, are the major factors driving the digital X-Rays devices market in North America. 

During the forecast period, the Asia Pacific region is expected to grow the most. The growing geriatric population, particularly in Japan, is driving growth in the Global digital x-ray market in this region, as are rising disposable incomes, which allow for greater affordability of advanced technologies: the rising prevalence of target diseases, and favourable government initiatives. Such factors contribute to the growth of the market for digital management systems in this region, as well as foreign investments and partnerships. Low hospital budgets, high equipment costs, and a lack of government investment in some countries, on the other hand, are limiting the growth of the Asia Pacific market to some extent.

Global digital x-ray market By technology, 2021-2028, 2023-2030
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Global Digital X-Ray Market Dynamics

Digital X-Ray Market Driver

  • Technological advancements are driving the growth of the Global digital x-ray market. Image quality, image acquisition portability, detector form, and software all contribute to the adoption of these systems. The demand for advanced digital X-ray systems is increasing due to benefits such as their ability to process large amounts of data and examine patients quickly. Several companies are developing digital systems with improved performance and efficiency. With diagnostic quality images and stitching functionality, these systems allow radiologists to address a wide range of clinical applications. Innovation and the development of advanced systems help to boost the market growth.

Digital X-Ray Market Restraint

  • Digital X-ray systems are expensive and require large investments for installation, which raises the procedure cost for patients. This has an impact on the rate of adoption of new systems, particularly in developing countries. Because their budgets are limited, most small and medium-sized hospitals cannot afford these systems. Healthcare facilities that invest in such expensive systems frequently rely on third-party payers (such as Medicare, Medicaid, or private health insurance plans) for reimbursement of costs incurred in diagnostic, screening, and therapeutic procedures performed with these systems. The high cost of digital X-ray systems also drives users to refurbished systems, which has a direct impact on sales of new and advanced systems. This, combined with ongoing reductions in reimbursements for diagnostic imaging scans, prevents imaging centres from investing in technologically advanced diagnostic modalities, stifling overall market growth.

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Global Digital X-Ray Market Competitive Landscape

Global digital x-ray market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Siemens Healthineers is the market leader in digital X-ray imaging. Digital X-ray systems, mobile X-ray systems, fluoroscopy systems, mammography systems, mobile C-arms, and robotic X-ray systems are all available from the company. It focuses on inorganic and organic growth strategies, such as new product launches, partnerships, and agreements, to strengthen and maintain its market position. In the last three years, the company has launched several products in the global market and is constantly engaged in R&D for product innovation. This is demonstrated by the fact that the company spends more than 9% of its revenue on research and development.

Digital X-Ray Market Top Player's Company Profiles

  • Siemens Healthineers
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Canon Inc.
  • Fujifilm Holdings Corporation
  • Shimadzu Corporation
  • Hitachi, Ltd.
  • Agfa-Gevaert Group
  • Hologic, Inc.
  • Samsung Medison Co., Ltd.
  • Carestream Health, Inc.
  • Varian Medical Systems, Inc.
  • Toshiba Corporation
  • PerkinElmer, Inc.
  • Analogic Corporation
  • BMI Biomedical International S.r.l.
  • Mindray Medical International Limited
  • Trivitron Healthcare
  • Varex Imaging Corporation
  • Allengers Medical Systems Limited

Digital X-Ray Market Recent Developments

  • In July 2022, Fujifilm announced the release of the FDR Cross in the United States, an innovative hybrid c-arm and portable X-ray solution designed for hospitals and ambulatory surgery centers (ASC). The dual-function c-arm is the first of its kind to provide portable fluoroscopic and radiographic imaging on a single platform, eliminating the need for additional imaging equipment for image-guided procedures
  • In March 2022, Konica Minolta, Inc. introduced the AeroDR TX m01, a mobile X-ray system with a wireless dynamic digital radiography function in Japan.

Global Digital X-Ray Key Market Trends

  • The use of Artificial Intelligence (AI) for X-ray interpretation is a recent market trend. Because of advancements in computer vision, Machine Learning (ML), AI, and deep learning techniques, the field of radiology has made significant progress in the analysis and interpretation of imaging data. By using AI-assisted X-ray interpretation, radiology personnel can improve patient care by speeding up and improving diagnosis and treatment of injuries and illnesses. AI-assisted X-ray interpretation uses algorithms to analyze data and images from open and closed medical databases. It then compares images to previous findings to identify trends and abnormalities. There are several advantages to using AI for X-ray interpretation in diagnostic imaging.

Global Digital X-Ray Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global digital x-ray market analysis, in terms of technology, the radiography segment held larger market share owing to high advantages and in terms of system, rebro digital X-ray systems segment contribute to the market growth due to its low cost. Moreover, Continuous technological advancements and product development are boosting the market expansion. High cost of these systems can hamper the global market growth.

Report Metric Details
Market size value in 2021 USD 11.1 billion
Market size value in 2030 USD 24.19 billion
Growth Rate 8.1%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Direct radiography, computed radiography
  • Application
    • General Radiography, Chest Imaging Applications, Orthopedic Applications, Cardiovascular Imaging, Dental Applications, Mammography, Cancer, Fluoroscopy, Other General Radiography Applications
  • Portability
    • Fixed Digital X-ray Systems, Floor-to-Ceiling-Mounted Systems, Ceiling-Mounted Systems, Portable Digital X-ray Systems, Mobile X-ray Systems, Handheld X-ray Systems
  • System
    • Retrofit Digital X-ray Systems, New Digital X-ray Systems
  • End User
    • Hospitals, Diagnostic Centers, Dental Care Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Siemens Healthineers
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Canon Inc.
  • Fujifilm Holdings Corporation
  • Shimadzu Corporation
  • Hitachi, Ltd.
  • Agfa-Gevaert Group
  • Hologic, Inc.
  • Samsung Medison Co., Ltd.
  • Carestream Health, Inc.
  • Varian Medical Systems, Inc.
  • Toshiba Corporation
  • PerkinElmer, Inc.
  • Analogic Corporation
  • BMI Biomedical International S.r.l.
  • Mindray Medical International Limited
  • Trivitron Healthcare
  • Varex Imaging Corporation
  • Allengers Medical Systems Limited
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Digital X-Ray Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Digital X-Ray Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Digital X-Ray Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Digital X-Ray Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Digital X-Ray Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Digital X-Ray Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Digital X-Ray Market size was valued at USD 11.1 billion in 2021 and is poised to grow from USD 12 billion in 2022 to USD 24.19 billion by 2030, growing at a CAGR of 8.1% in the forecast period (2023-2030).

Global digital x-ray market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Siemens Healthineers is the market leader in digital X-ray imaging. Digital X-ray systems, mobile X-ray systems, fluoroscopy systems, mammography systems, mobile C-arms, and robotic X-ray systems are all available from the company. It focuses on inorganic and organic growth strategies, such as new product launches, partnerships, and agreements, to strengthen and maintain its market position. In the last three years, the company has launched several products in the global market and is constantly engaged in R&D for product innovation. This is demonstrated by the fact that the company spends more than 9% of its revenue on research and development. 'Siemens Healthineers', 'Koninklijke Philips N.V.', 'GE Healthcare', 'Canon Inc.', 'Fujifilm Holdings Corporation', 'Shimadzu Corporation', 'Hitachi, Ltd.', 'Agfa-Gevaert Group', 'Hologic, Inc.', 'Samsung Medison Co., Ltd.', 'Carestream Health, Inc.', 'Varian Medical Systems, Inc.', 'Toshiba Corporation', 'PerkinElmer, Inc.', 'Analogic Corporation', 'BMI Biomedical International S.r.l.', 'Mindray Medical International Limited', 'Trivitron Healthcare', 'Varex Imaging Corporation', 'Allengers Medical Systems Limited'

Technological advancements are driving the growth of the Global digital x-ray market. Image quality, image acquisition portability, detector form, and software all contribute to the adoption of these systems. The demand for advanced digital X-ray systems is increasing due to benefits such as their ability to process large amounts of data and examine patients quickly. Several companies are developing digital systems with improved performance and efficiency. With diagnostic quality images and stitching functionality, these systems allow radiologists to address a wide range of clinical applications. Innovation and the development of advanced systems help to boost the market growth.

The use of Artificial Intelligence (AI) for X-ray interpretation is a recent market trend. Because of advancements in computer vision, Machine Learning (ML), AI, and deep learning techniques, the field of radiology has made significant progress in the analysis and interpretation of imaging data. By using AI-assisted X-ray interpretation, radiology personnel can improve patient care by speeding up and improving diagnosis and treatment of injuries and illnesses. AI-assisted X-ray interpretation uses algorithms to analyze data and images from open and closed medical databases. It then compares images to previous findings to identify trends and abnormalities. There are several advantages to using AI for X-ray interpretation in diagnostic imaging.

North America dominated the global digital X-Ray Market share, and this is expected to continue during the forecast period. Within North America, the United States dominates the studied market and is expected to continue to do so over the forecast period. The region's growing burden of chronic diseases such as cancer and diabetes, as well as the region's increasing adoption of sophisticated technology, are the major factors driving the digital X-Rays devices market in North America. 

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Global digital x-ray market

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