Digital X-Ray Devices Market Insights by Growth, Emerging Trends and Forecast by 2017-2032

In 2021, the market for Digital X-Ray Devices worldwide was worth $11.5 billion US dollars. AMR Group projects that the market will reach US$ 21.7 billion by 2031, growing at a CAGR of 8.5 percent between 2022 and 2031.

Industry Overview
A Digital X-Ray Device is a machine that performs an advanced type of x-ray inspection and instantly generates a digital radiographic image on a computer. A Digital X-Ray Device is a device that generates a high-quality digital image of an object or organ and immediately sends it to a computer. During object examination, x-ray sensitive plates are used to capture data. When combined with an X-ray detector, it is used in a variety of applications such as medicine, electronic assembly, X-ray spectroscopy, and material thickness estimation in manufacturing processes. Aside from that, radiographers use Digital X-Ray Devices in clinical settings to obtain digital x-ray images of organism structures like bones, as well as during sterilization. Furthermore, such machines improve organizational safety by providing better outcomes for patients, such as faster disease diagnosis. The associated benefits are expected to boost the overall market penetration of these Digital X-Ray Devices in the coming years.

A computer display system and digital detectors are used to create the digital image in medical x-ray. Characteristics such as low radiation dose, high speed and accuracy, higher image quality, and quick image viewing enable higher patient screening volumes. Crouse Medical Imaging in the United States, for example, will install Philips DigitalDiagnost C90 VS digital radiography technology in April 2021. In addition, Memorial Community Health, Inc. (MCHI) in the United States has announced the installation of a digital X-ray system in their Clay Center clinic location in October 2021. The most frequently requested imaging test is a chest radiograph. Digital X-ray, also known as digital radiography, is a type of X-ray imaging in which digital X-ray sensors replace traditional photographic films. This has the added benefit of saving time and transferring images digitally, as well as enhancing them for better visibility. This method avoids the use of chemical processing on photographic films.

Market Dynamics
The rising prevalence of orthopedic diseases and cancers is one of the main factors driving the global expansion of diagnostic imaging tests, that also drives the Digital X-Ray Devices market. According to the American Heart Association (AHA), Heart Disease and Stroke Statistics - 2022 Upgrade data, cardiovascular disease (CVD) is the leading cause of death worldwide in 2020, accounting for 19.05 million deaths. Based on the same source, cerebrovascular diseases will be responsible for approximately 7.08 million deaths worldwide in 2020. Because of the country's high prevalence of cardiac disease, there is a high demand for imaging devices with precise diagnosis, and thus digital X-ray devices become important in this context.

Digital x-ray machines One of the market's primary drivers is technological advancement. Furthermore, technological advancements and increased product approvals, as well as partnerships and collaborations by key players, are assisting in market growth. Carestream Health India, for example, has announced the launch of the DRX Compass in 2022, an accurate, convenient, and configurable digital radiation solution that provides radiologists with a whole new level of efficiency. Furthermore, DRX Compass allows for the configuring of preferred configurations from a diverse range of detectors, tubes, generators, stages, and collimators, as well as how radiation facilities deploy this futuristic digital radiation technology. However, high installation and device costs, as well as an increase in the use of refurbished devices, are likely to stymie market growth.

COVID Impact
COVID-19 had a positive impact on the global digital x-ray devices market growth. Digital imaging plays a key role in the diagnosis of COVID-19 and indicates the affected lung tissue in infected patients. Several key market players had focused on innovations in the production of radiography equipment. For instance, in December 2020, Agfa HealthCare launched its new SmartXR for X-ray Artificial Intelligence (AI) for Digital Radiography portfolio to aid during the radiology routine, which has proven important during the COVID-19 crisis. As a result, the number of radiology practices and methods increased in 2020.

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Regional Trend
Geographically, the global digital X-ray devices market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Globally, North America dominated the global Digital X-Ray Devices market due to the region's growing usage of sophisticated technology and the expanding burden of chronic illnesses like cancer and diabetes, which are the major factors driving the digital X-Rays devices market.
Significant growth is anticipated in Asia-Pacific during the forecast period of 2022 to 2029, attributed to According to the International Agency for Research on Cancer, there were approximately 95,03,710 new cancer cases reported in Asia in 2020, with the number expected to rise to 2,06,06,063 by 2025. Furthermore, according to the National Center for Biotechnology Information, CVD is the leading cause of death worldwide, with Asia accounting for half of all CVD cases. As a result of growing government initiatives and patient awareness, the use of screening tests for such disorders has increased in the region in recent years.

Competitive Landscape
Key players operating in the global tissue diagnostics market are Agfa-Gevaert Group, Boston Imaging, Canon Medical Systems Corp., Carestream Health, Fujifilm Holdings Corporation, GE Healthcare, Hitachi, Ltd., Hologic, Inc., Koninklijke Philips N.V., Mindray Medical International, Samsung Medison, Shimadzu Corporation and Siemens Healthcare GmbH among others. Fujifilm announced the launch of the FDR Cross in the United States in July 2022, an innovative hybrid c-arm and portable X-ray solution designed for hospitals and ambulatory surgery centers (ASC). The dual-function c-arm is the first of its kind to provide portable fluoroscopic and radiographic imaging on a single platform, eliminating the need for additional imaging equipment for image-guided procedures.

Key USP's-
Canon Medical System USA, Inc. has introduced the OMNERA 500A Digital Radiography system, which includes an advanced intelligent auto-positioning feature to improve workflow. In addition, Samsung introduced the GM85 Fit in April 2022, a new configuration of the premium AccE GM85, a digital radiography device with a user-centric design that aids in efficient and effective patient care. The GM85 Fit was recently granted 510(k) clearance by the US Food and Drug Administration for commercial use in the US.

Market Segmentation
Based upon the Application used in Digital X-Ray Devices market is segmented into six segments of Cancer, Cardiovascular, Dental, General Imaging, Mammography, and Orthopedic in the diagnostic process. In 2022, the general imaging segment dominated the industry, accounting for the lion's share of total revenue. During the forecast period, the segment is expected to grow at the fastest rate of more than 3.15%. Based on the Technology, the Digital X-Ray Devices market is segmented into Computed Radiography and Direct Radiography. Based on Portability, the Digital X-Ray Devices market is segmented into Fixed Systems and Portable Systems.

End user segment of medical X-ray diagnostics market is further classified into Hospitals & Clinics, Diagnostic Centers, and Others. Diagnostic centers segment dominated the market in terms of revenue owing to more inclination of patients towards the tests due to the rising prevalence globally.

By Application
• Cancer
• Cardiovascular
• Dental
• General Imaging
• Mammography
• Orthopedic

By Technology
• Computed Radiography
• Direct Radiography

By Portability
• Fixed Systems
• Portable Systems

By End User
• Hospitals & Clinics
• Diagnostic Centers
• Others

Global Digital X-Ray Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Digital X-Ray Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Global Digital X-Ray Devices Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

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Key Points:
• Define, describe and forecast The Global Market by type, application, end user and region.
• Provide enterprise external environment analysis and PEST analysis.
• Provide strategies for company to deal with the impact of COVID-19.
• Provide market dynamic analysis, including market driving factors, market development constraints.
• Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
• Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
• Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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