The Digital Radiography Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Radiography Global Market Report 2024, The digital radiography market size has grown strongly in recent years. It will grow from $7.38 billion in 2023 to $8.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to improvements in image quality, reduction in radiation exposure, efficiency in workflow, enhanced diagnostic capabilities, rise in chronic diseases, cost-effective long-term solution, increase in geriatric population..
The digital radiography market size is expected to see strong growth in the next few years. It will grow to $11.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to advancements in portable dr systems, point-of-care imaging growth, hybrid imaging solutions, focus on pediatric imaging, expansion of veterinary imaging, personalized medicine trends, efforts for dose optimization.. Major trends in the forecast period include transition from analog to digital imaging, advancements in detector technologies, rise of wireless and portable digital radiography systems, integration of artificial intelligence (ai), standardization and interoperability, rise of mobile x-ray units..
The increase in digitization in the healthcare sector is expected to propel the growth of the digital radiography market going forward. Digitization refers to digital enablement, which is the process of converting information into digital format. Digitization in the healthcare sector provides various benefits such as access to real-time health information, collaborative studies and research, seamless doctor-patient coordination, and automated administrative tasks, as a result, increasing digitization increases the demand for the digital radiography. For instance, in August 2021, according to Accenture, an Ireland-based information technology company, people are shifting to digital technologies to manage their health records in recent times. There is an increase in the use of electronic health records with 31% using EHR and 39% of patients with chronic diseases having a virtual consultation in 2020, this clearly states the increase in the adoption of digitization in the healthcare sector. Therefore, the increasing digitization in the healthcare sector drives the digital radiography market.
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The digital radiography market covered in this report is segmented –
1) By Product Type: Computed Radiography, Direct Radiography
2) By Equipment: Detectors, Sensors, Photoconductor, Retrofit Radiography System, Scintillator, Phosphor Imaging Plate (IP), Other Equipments
3) By Portability: Fixed, Mobile
4) By Application: Dentistry, Orthopedics, Oncology, General Surgery, Mammography, Pulmonary Imaging, Cardiology, Gynecology, Other Applications
5) By End Use Industry: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Research Institutes, Other End-User Industries
Top Major Players
Agfa-Gevaert Group
Carestream Health Inc.
Canon Inc.
Fujifilm Holdings Corporation
Koninklijke Philips N.V.
Technological advancements are a key trend gaining popularity in the digital radiography market. Major companies operating in the digital radiography market are focused on developing new technological solutions to strengthen their position in the market. For instance, in February 2022, Carestream, a US-based company operating in digital radiography, launched DRX Compass, an advanced digital radiology solution. This advanced digital solution for radiology is accurate, convenient, and customizable, giving radiologists a whole new level of efficiency and also providing phenomenal diagnostic quality with the least amount of patient dosage and ease of operation for technicians, improving the diagnostics capabilities and productivity of the diagnostic facility.
The digital radiography market report table of contents includes:
1. Executive Summary
2. Digital Radiography Market Characteristics
3. Digital Radiography Market Trends And Strategies
4. Digital Radiography Market – Macro Economic Scenario
5. Global Digital Radiography Market Size and Growth
…………………….
31. Global Digital Radiography Market Competitive Benchmarking
32. Global Digital Radiography Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Digital Radiography Market
34. Digital Radiography Market Future Outlook and Potential Analysis35. Appendix
35. Appendix
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