The global digital X-ray equipment market is anticipated to flourish at an opulent double-digit CAGR over the assessment period from 2022 to 2032. The growth of the market is attributed to the advances in technology, efforts to improve healthcare facilities, and an aging population are all driving demand for digital X-ray equipment. Furthermore, rising awareness of the availability of portable systems is one of the major factors driving the demand for digital X-ray equipment.
The increased product approvals paired with partnerships and collaborations is a significant factor considered by key players of the market who are striving to expand their digital X-ray equipment market share and scale up sales of digital X-ray equipment. Low cost and ease of use are the primary benefits associated with digital X-rays that are propelling the sales of digital X-ray equipment. The rising demand for digital X-ray equipment is predicted to scale up since the images are also instantly available for efficient distribution of various clinical services, eliminating the need for time and physical effort to retrieve film packets. These aforementioned factors have a significant impact on the sales of digital X-ray equipment.
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One of the major benefits of the digital X-ray equipment market is that patients are exposed to 70-80% less radiation than traditional X-rays. As a result, it ensures the safety of pregnant women and patients who are already ill, and the same is expected to accelerate the demand for digital X-ray equipment. Moreover, dentists are now able to easily recognize oral issues with the help of digital X-rays, which is leading to a decrease in the need for an invasive investigation at the diagnosis stage, thereby surging the sales of digital X-ray equipment. Furthermore, digital radiography securely stores patient X-rays, resulting in no loss on the part of the holders. The demand for digital X-ray equipment has been significantly influenced by rising healthcare expenditures made by various governments in order to advance technological advancements in the sector.
Key Takeaways
- The prominent factor that is escalating the sales of digital X-ray equipment is the efficiency of electromagnetic radiation that represent clear digital images through digital x-ray equipment. Furthermore, the surge in demand for digital X-ray equipment is also attributable to quick healthcare delivery, improved workflow, and the safety associated with digital X-ray radiations for living tissues.
- The sales of digital X-ray equipment are primarily driven by novel technological advancements, increasing healthcare expenditure, a rise in the aging population, and disease prevalence. Furthermore, the market is also witnessing a highly competitive scenario that has led to a large number of improved digital x-ray equipment launches where key players are focusing on rising their digital X-ray equipment market share.
- Digital x-ray equipment is less expensive yet more efficient than other radiography equipment, which is in turn driving the demand for digital X-ray equipment. Furthermore, the widespread adoption of digital X-rays is expected to broaden thereby spiking the sales of digital X-ray equipment as digital x-ray equipment is based on the transmission of the x-ray beam, which exposes only the surfaces of the human anatomy under observation.
- Digital X-ray equipment is expected to deliver medical imaging within the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to rise the demand for digital X-ray equipment. It has further become an integral part of a routine check-up, thereby facilitating huge sales of digital X-ray equipment. Many ongoing research and development programs have aided various companies to acquire a large digital X-ray equipment market share. Digital x-ray imaging is one of the most important pillars of medical imaging.
- One of the vital areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.
- Various companies are currently conducting research and development activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.
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Competitive Landscape
Some of the key players in the global digital X-ray equipment market are Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, Agfa-Gevaert N.V. Healthcare.
More Insights into the Digital X-Ray Equipment Market
On the basis of geographic region, the global digital X-ray equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific’s digital X-ray equipment market is expected to grow at a remarkable CAGR owing to the improving healthcare facilities and infrastructure.
Key Segments
By Application:
- Orthopaedic
- Cancer
- Dental
- Cardiovascular
- Other Applications
By Technology:
- Computed Radiography
- Direct Radiography
By Portability:
- Fixed Systems
- Portable Systems
By End User:
- Hospitals
- Diagnostic Centres
- Other End Users
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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