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Global Digital X-ray Market is projected to grow at a CAGR of 8% by 2026 - Increasing Cases of Chronic, Dental, Respiratory and Orthopedics Diseases

11-29-2022 04:38 PM CET | Health & Medicine

Press release from: Medi-Tech Insights

Global Digital X-ray Market is projected to grow at a CAGR of 8%

A digital X-ray is an technological advanced form of X-ray inspection which produces a digital radiographic image immediately on a computer/laptop. This technique uses X-ray-sensitive plates to capture data during object examination, which is immediately transferred to a computer without the use of an intermediate cassette. The incident X-ray radiation is then converted into an equivalent electric charge and then to a digital image through a digital detector sensor.

Multiple Benefits Associated with the Digital X-ray System Fuels Its Global Market Demand

The value of digital radiography in dental and medical diagnosis is very well known across the world, especially during the operative procedures where time-to-image is very important. Multiple advantages associated with the digital radiography over conventional radiography are as follows:
• Reduction in radiation dose to the patient.
• Image optimization and computer-aided feature extraction.
• Digital Image Enhancement and Image Archiving.
• Higher productivity and workflow improvement.
• Speed, the results are available for review immediately.
• Improved electronic communications.

Upcoming Market Challenges: Digital X-ray Market

The higher initial cost of the Digital X-ray system, hardware and software maintenance, infection control, the thickness and rigidity of the digital detectors and the excessive usage of refurbishment digital X-ray units due to budget constraints are the prime factors most likely to affect the growth of digital X-ray market.

Asia-Pacific Region is Poised To Witness a Strong Growth in the Digital X-ray Market

Presently, North America holds a larger share in the global digital X-ray market. However, the pressure to diagnose many patients quickly and accurately in the Asia-Pacific region is growing and radiology departments need to effectively handle a high number of patients. At the same time, its growing aging population - 1 out of 4 people will be aged 60 years by 2050 - will drive a rapid growth in the chronic medical conditions such as cancer and cardiovascular diseases. There will be an urgent need to image patients for quicker diagnostic work while maintaining a high level of accuracy and a strong focus on patient safety and thus is set to witness a strong growth in the APAC region.

Competitive Landscape Analysis: Digital X-ray Market

Some of the established market players operating in the digital X-ray market are Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, Canon Inc., Carestream Health, among others.

Growth Strategies Adopted by Leading Market Players to Establish Their Foothold in the Digital X-ray Market

Major players operating in the global digital X-ray market are adopting both organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner a larger market share.

For instance,
 In March 2022, Canon Medical Systems Corporation announced the acquisition of Nordisk Røntgen Teknik A/S ("NRT"), a Danish company.
 In October 2021, Siemens Healthineers announced the launch of its Luminos Impulse, a 2-in-1 remote-controlled imaging device that integrates fluoroscopy and radiography for improved clinical productivity and efficiency.

Get Detailed Insights on Digital X-Ray Market with a Sample Report @ https://meditechinsights.com/digital-x-ray-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/
https://www.linkedin.com/company/medi-tech-insights/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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