Digital X-ray Devices Market to Reflect Robust Expansion During 2023-2030: Grand View Research Inc.

 Digital X-ray Devices Market Growth & Trends

The global digital X-ray devices market size is anticipated to reach USD 4.5 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.0% during the forecast period. Factors, such as the increasing prevalence of chronic disorders, rapid technological advancements, and increasing patient understanding of early diagnostic techniques, are all augmenting the industry's growth. The lightweight, wireless, and robust cassette-sized detector used in DR technology, which can transform analog X-rays into complete digital radiography solutions, makes it an effective technology. With the use of this technology, digital X-ray images are produced, which eliminates the need for film or Computed Radiography (CR) plates.

In addition, compared to its digital counterpart, film-based traditional radiography requires more manpower, and even the consumables utilized are more expensive. Chronic diseases, such as cancer, cardiovascular, COPD, CKD, and diabetes, are the major causes of death among adults in developing as well as developed countries. According to the WHO, chronic disorders account for about 41 million deaths globally, which is equivalent to 74% of all fatalities worldwide. Digital X-ray technology helps in the early intervention of such disorders, thus boosting its demand. Moreover, compared to traditional X-rays, this technology provides a number of benefits including 70% less radiation, better image quality, and less acquisition time.

Rapid technological advancements, such as the integration of Artificial Intelligence (AI), reduced X-ray dosage exposure, and high-resolution imaging is also expected to accelerate industry growth. For instance, in October 2021, Samsung partnered with VUNO, a South Korean AI medical software firm, to integrate VUNO’s AI-assisted solutions into Samsung’s digital radiography system. The key industry players are implementing various strategies including mergers & acquisitions, partnerships, collaborations, and expansions to gain higher market shares. For instance, in April 2022, Samsung introduced the GM85 Fit, a mobile digital radiography device. This system is anticipated to support effective and efficient patient care.

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Digital X-ray Devices Market Report Highlights

• Based on portability, the fixed digital X-ray segment accounted for the largest revenue share in 2022 owing to the introduction of technologically advanced devices
• The mobile digital X-ray segment is expected to register the fastest CAGR during the forecast period
• The general imaging segment held the largest revenue share in 2022 due to the growing adoption of X-ray devices for general imaging
• The diagnostic imaging centers segment is expected to grow at the fastest CAGR over the forecast period owing to its numerous advantages over hospitals
• Asia Pacific has been estimated to be the fastest-growing region due to the presence of a large pool of patients, increasing healthcare awareness, and rising government funding for R&D & upcoming research projects

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Digital X-ray Devices Market Segmentation

Grand View Research has segmented the global digital X-ray devices market on the basis of portability, application, end-use, and region:

Digital X-ray Devices Portability Outlook (Revenue, USD Million, 2018 - 2030)

• Fixed
• Mobile

Digital X-ray Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• General Imaging
• Orthopedic
• Dental
• Mammography

Digital X-ray Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Diagnostic Imaging Centers
• Dental Care Centers

Digital X-ray Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Digital X-ray Devices Market

• GE Healthcare
• Siemens Healthineers AG
• Philips Healthcare
• Canon Medical Systems Corp.
• Carestream Health
• Fujifilm
• Mindray Medical International
• Shimadzu International
• Samsung Medison
• Boston Imaging

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.