Digital Radiography Detectors Market Opportunities, Outlook, Growth Prospects, Product types and Competitive Analysis

Digital Radiography Detectors Market Analysis:
Digital radiography refers to the imaging of body parts or body structures using x-rays. X-rays are a type of radiation, which is majorly similar to microwaves, visible light, and radio waves. Digital radiography utilizes x-ray sensitive plates in order to directly capture vital body imaging data during the examination of a patient. Radiography immediately transfers the data to a computer system and doesn’t require a cassette, unlike the traditional x-ray screening methods. They comprise of multiple thin layers of x-ray absorptive materials, that are overlaid on the active matrix array. The common materials used in digital radiography are crystalline silicon, phosphor detectors, amorphous silicon or selenium, and scintillators. Radiography has majorly simplified the imaging process, patient diagnosis, and provides accurate and fast test results in comparison to other x-ray methods.

Growing incidences of sports-related injuries, rising cancer patients, and increasing geriatric population are the factors driving the market growth
Sports-related injuries have massively increased since the past decade, owing to increased participation in more physical games. Often these games require to apply the strength and physical dominance on the opposition which leads to multiple internal organs, nerve, and muscle injuries, and the most common one is broken bones or joints. These injuries have massively increased the demand for post-game quick checkups and imaging to understand the damage and provide appropriate medical attention. Owing to this now major sporting clubs and other sports-related facilities have started installing digital radiography detectors to detect the injury at a faster pace and with high accuracy.

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Further, the growing cases of cancer patients and the geriatric population worldwide have caused a wide strain on the healthcare sector to install better imaging x-ray technologies with capabilities to carry out quick and highly accurate imaging. As per a report released in 2015 by the World Health Organization (WHO), the global geriatric population will reach 2.1 billion by the year 2050. With the growing age, diseases and other health problems also increase majorly in the geriatric population due to which imaging becomes necessary. According to a report by the World Health Organization from September 2018, cancer is the second leading cause of deaths globally, with approximately 9.6 million deaths in the year 2018. These numbers have majorly been growing since the past years globally, causing a widespread adoption of digital radiography detectors. Owing to all these factors, the demand for digital radiography detectors will increase majorly and will drive market growth.

Increased side effects from radiation to hamper the market growth
The X-ray radiation causes a serious health threat both to the patient as well as to the operator which is a major issue impacting the market growth. The radiation emitted from these technologies could cause serious health threats owing to prolonged interaction with it. Multiple people have shown to develop a certain amount of side effects, which are a potential threat to the body and can even worsen the already prevailing health conditions in a patient. Owing to these factors, digital radiography detectors are either being substituted by CT scan, MRI, and ultrasound scans, or their usage is certainly decreased.

Growing R&D activities, technological upgradations and advancements, and increased investments to create lucrative market opportunities
Research and development activities in the digital radiography detectors market have been extremely vital in order to increase accuracy, decrease overall imaging cost, and reduce the radiation exposure by almost 20-80%. R&D activities have led to a serious decline in prices of digital radiography detector devices, which are more affordable for the poor and underdeveloped regions. Affordable prices have led to the increased global reach of these devices and technology and directly facilitated the rise of the customer base as well. Further growing technological advancements and upgradations like the growing application of a Si-detector in orthopedic imaging and various other advancements like increased portability has led to increased demand for such technologies. Growing investments by governments towards the healthcare sector is another factor that will help create a robust healthcare industry where imaging technologies would be required the most. Owing to all these factors, the demand for digital radiography detectors is increasing and will create lucrative opportunities for market growth.

Digital Radiography Detectors Market, by Application:
General radiology segment to be most lucrative till 2027
The general radiology segment will have a dominating share in the global market, and it is expected to register a significant revenue during the forecast timeframe. The major factor driving the segment growth is the increased geriatric population who does frequent health checkups and imaging for multiple health-related issues developed due to aging. Further growing injuries related to sports or normally have also led to increased imaging demand. Also, the increased opening of various diagnostic centers has led to the growth of the general radiology segment.

Digital Radiography Detectors Market, by Technology:
Direct radiology segment to grow significantly
The direct radiology segment is anticipated to grow significantly in the digital radiology detectors market during the forecast period. Widespread adoption by multiple institutions owing to its cost benefits and suitable technological infrastructure is majorly driving the segment’s growth. Further, greater ability to capture high-quality images and share and save these images without any use of chemicals or films has increased its demand. Added features like improved workflow, decreased examination time, and quick imaging is propelling the market growth.

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Digital Radiography Detectors Market, by Portability:
X-ray system segment to grow exponentially
The X-ray segment is expected to grow exponentially in the digital radiology detectors market during the forecast timeframe. Growing demand for point of care diagnostics has led to the growth of the segment. In addition, the rising geriatric population requires portable x-ray systems to keep track of health by proper imaging facilities. Further, technological upgradations and increased investment in research and development have facilitated the growth of the segment.

Digital Radiography Detectors Market, by End User:
A diagnostic center segment to grow at a fast pace
The diagnostic center segment is anticipated to grow at a fast pace in the digital radiology detectors market during the forecast period. Growing awareness and popularity of diagnostic centers owing to cost-efficiency, availability of skilled professionals, quick testing and examination, fast report generation, and availability of latest and upgraded technology is driving the segment’s growth. Further growing risks of acquiring infections and diseases from hospital equipment and machinery are driving the population toward diagnostic centers.

Digital Radiography Detectors Market, by Region:
North America region to hold the largest market share
North America region is expected to hold the largest share in the digital radiology detectors market during the forecast timeframe. Growing demand for early disease diagnosis and preventive care, particularly in the U.S. and Canada is the major factor in driving the market growth. Further rising investments in venture capitals, growing disposable income, increasing chronic diseases, and surging incidences of orthopedic and gynecological disorders are boosting the market’s growth.

Asia Pacific region to register maximum growth
Asia Pacific region is anticipated to register maximum growth in the digital radiology detectors market during the forecast period. Increased awareness, a majorly growing geriatric population, rising investments for imaging technologies in healthcare industries, growing cancer patients, and increased research & development activities are driving the market growth. A further massive population in the region is contributing to an increased customer base for digital radiology detectors imaging technology, directly leading to market growth.

Some of the significant digital radiography detectors market players include Carestream Health., Siemens Healthcare GmbH, GENERAL ELECTRIC COMPANY, Hologic, Inc., Konica Minolta, Inc., Hitachi, Ltd., Koninklijke Philips N.V., Shimadzu Corporation., Canon Inc., and FUJIFILM Corporation.

Digital radiography detectors market players are focusing more on strategic acquisitions and advanced product development. These are the various strategies followed by established organizations. To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.

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