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Transforming Healthcare with Digital Radiography Industry - A Comprehensive Analysis of Market Trends, Growth Drivers, and Technological Advancements
Digital Radiography Market
As per the report, the digital radiography market size has grown strongly in recent years. It will grow from $7.38 billion in 2023 to $8.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The digital radiography market size is expected to see strong growth in the next few years. It will grow to $11.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
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Surging Digitization In Healthcare Propels Growth In The Digital Radiography Market
The increase in digitization in the healthcare sector is expected to propel the growth of the digital radiography market going forward. Digitization refers to digital enablement, which is the process of converting information into digital format. Digitization in the healthcare sector provides various benefits such as access to real-time health information, collaborative studies and research, seamless doctor-patient coordination, and automated administrative tasks, as a result, increasing digitization increases the demand for the digital radiography. For instance, in August 2021, an Ireland-based information technology company, people are shifting to digital technologies to manage their health records in recent times. There is an increase in the use of electronic health records with 31% using EHR and 39% of patients with chronic diseases having a virtual consultation in 2020, this clearly states the increase in the adoption of digitization in the healthcare sector. Therefore, the increasing digitization in the healthcare sector drives the digital radiography market.
Technological Advancements Shape The Future Of The Digital Radiography Market
Technological advancements are a key trend gaining popularity in the digital radiography market. Major companies operating in the digital radiography market are focused on developing new technological solutions to strengthen their position in the market. For instance, in February 2022, Carestream, a US-based company operating in digital radiography, launched DRX Compass, an advanced digital radiology solution. This advanced digital solution for radiology is accurate, convenient, and customizable, giving radiologists a whole new level of efficiency and also providing phenomenal diagnostic quality with the least amount of patient dosage and ease of operation for technicians, improving the diagnostics capabilities and productivity of the diagnostic facility.
The digital radiography market covered in this report is segmented -
1) By Product Type: Computed Radiography, Direct Radiography
2) By Equipment: Detectors, Sensors, Photoconductor, Retrofit Radiography System, Scintillator, Phosphor Imaging Plate (IP), Other Equipments
3) By Portability: Fixed, Mobile
4) By Application: Dentistry, Orthopedics, Oncology, General Surgery, Mammography, Pulmonary Imaging, Cardiology, Gynecology, Other Applications
5) By End Use Industry: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Research Institutes, Other End-User Industries
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Major companies operating in the digital radiography market report are Agfa-Gevaert Group, Carestream Health Inc., Canon Inc., Fujifilm Holdings Corporation, Koninklijke Philips N.V., Siemens Aktiengesellschaft, GE Healthcare, Hitachi Ltd., Konica Minolta Inc., Varian Medical Systems Inc., North Star Imaging Inc., Fresenius SE & Co. KGaA, Shimadzu Corporation, Toshiba Medical Systems Corporation, Bosello High Technology SRL, Detection Technology Oyj, COMET Group, Nikon Corporation, Hologic Inc., Samsung Medison Co. Ltd., Esaote SpA, Mindray Medical International Limited, Analogic Corporation, PerkinElmer Inc., Varex Imaging Corporation, Ziehm Imaging GmbH, Planmeca Oy, Dentsply Sirona Inc., Villa Sistemi Medicali S.p.A., Agilent Technologies Inc.
Contents of the report:
1. Executive Summary
2. Digital Radiography Market Report Structure
3. Digital Radiography Market Trends And Strategies
4. Digital Radiography Market - Macro Economic Scenario
5. Digital Radiography Market Size And Growth
…..
27. Digital Radiography Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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