Digital X-Ray Market to reach at a CAGR of 8.0% by 2031 | Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare

New York, The digital X-ray market was valued at USD 11.4 billion in 2021 and it is anticipated to reach up to USD 24.5 billion by 2031 at a CAGR of 8.0% during the forecast period.

Global Digital X-Ray Market report from Global Insight Services is the single authoritative source of intelligence on Digital X-Ray Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Digital radiology is a radiographic technique that uses X-ray-sensitive plates to capture data directly while patient examination. Digital radiology is an advanced technique of X-ray inspection that produces the radiographic image on a computer. The picture is substituted by the sensor that collects the data in digital radiology. Digital radiology is applied in medical imaging. Digital radiology is suggested as a significant choice for clinical diagnosis, due to high-quality picture processing and less radiation exposure

Market Trends and Drivers
The continuous technological advancements and product development are boosting the growth of the market. Technological advancements are a crucial factor in the growth of the digital X-ray market. Factors like image quality, image acquisition time, portability, detector form, and software create and rise in the demand for digital X-ray systems. The demand for advanced digital X-ray systems increases owing to benefits like their ability to process large volumes of data and examine patients rapidly. Various companies are developing digital systems with improved performance and efficiency. These systems enable radiologists to address a broad range of clinical applications with diagnostic-quality images and stitching functionality. Innovation and the development of advanced systems help boost the market for digital X-ray systems.

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Global Digital X-ray Market Segmental Overview
The report analyses the global digital x-ray market based on application, technology, portability, end user, and region.

Global Digital X-ray Market by Application

Based on application, it is segmented into orthopedic, cancer, dental, cardiovascular, and others. The orthopedic segment is likely to dominate the market during the forecast period. The key factors such as growing geriatric population coupled with subsequent growth in disease incidence are boosting the growth of the market.

Global Digital X-ray Market by Technology

Based on technology, it is segmented into computed radiography, and direct radiography. The direct radiography segment is likely to dominate the market during the forecast period. The factors such as effective dynamic range, better medical evaluation, superior and accurate image capture, and reduced radiation exposure are boosting the growth of the market.

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Global Digital X-ray Market by Portability

Based on portability, it is segmented into the fixed system, and portable systems. The fixed system is likely to dominate the market during the forecast period. The key factors such as the increasing prevalence of target diseases coupled with high demand for early diagnosis and Digital X-ray, and technological advancements in the digital X-ray systems market are boosting the growth of the market.

Global Digital X-ray Market by End User

Based on end user, it is segmented into hospital, diagnostic centers, and others. The hospital end user segment is likely to dominate the market during the forecast period. The key factors such as increasing occurrence of orthopedic and other chronic diseases, and advantages of digital x-ray systems over conventional x-rays are boosting the growth of the market.

Geographical Analysis of Global Digital X-ray Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North American region is likely to dominate the market during the forecast period. The key factors such as the implementation of government initiatives coupled with flexibility in image management are boosting the growth of the market.

Major Players in the Global Digital X-ray Market
The key players studied in the global digital x-ray market are Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Canon, Inc. (Japan), Carestream Health (US), FUJIFILM Holdings Corporation (Japan), Shimadzu Corporation (Japan), Hologic Inc. (US), Agfa-Gevaert Group (Belgium), Samsung Medison (South Korea), Konica Minolta (Japan), Shenzhen Mindray Bio-Medical Electronics Co. (China), Varex Imaging Corporation (US), MinXray, Inc. (US), and ACTEON (France).

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