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Digital X-ray Devices Market Key Drivers, Size, Trends, Growth, Outlook 2024-2033
Digital X-ray Devices Market Key Drivers
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According to The Business Research Company's, The digital x-ray devices market size has grown rapidly in recent years. It will grow from $11.59 billion in 2023 to $13.14 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to reduced radiation exposure, diagnostic accuracy, workflow efficiency, government initiatives and regulations, transition from analog to digital systems.
The digital x-ray devices market size is expected to see rapid growth in the next few years. It will grow to $21.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to telemedicine and remote imaging, global health emergencies, focus on preventive healthcare, increasing outpatient imaging services, patient-centric imaging, global expansion of healthcare infrastructure. Major trends in the forecast period include mobile and portable X-ray devices, 3D and cone beam cut imaging, integration of artificial intelligence, digital radiography systems, dual-energy X-ray systems, wireless connectivity and cloud-based solutions.
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Market Drivers and Trends:
The rising number of road accident cases is expected to propel the growth of the digital X-ray devices market over the coming years. A road accident is defined as the patients following a motor vehicle crash meeting Vittel criteria for the severity of the trauma, which opens up new demand for digital X-ray devices. For instance, according to the US federal government, road fatalities spiked in the first half of 2021, the largest increase ever recorded in its reporting system's history during a six-month period. More than 20,000 people died in motor vehicle crashes on U.S. roads, a nearly 20% increase from the same period in 2020. Therefore, a rising number of road accidents cases drives the digital X-ray devices market.
Technological advancements are a key trend gaining popularity in the digital X-ray devices market. Integration of AI provides an opportunity for use of digital X-ray devices in various applications. Artificial intelligence is used to engineer digital X-ray devices to detect coefficients and reduce diagnostic errors. For instance, in September 2021, GE Healthcare, US-based multinational medical technology company launched the Definium Tempo, a fixed, Overhead Tube Suspension (OTS) digital X-ray system. This system is intended to be a personal assistant for radiologists and technologists. It uses automation to lighten workloads and support radiology departments in providing the best patient care possible.
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Major Key Players of the Market:
Bracco Imaging S.p.A., Samsung Medison, Esaote SpA, Hitachi Ltd, Canon Inc., Siemens Healthcare GmbH, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., GE Healthcare, Villa Sistemi Medicali S.p.A., Konica Minolta, Agilent Technologies, Hologic Inc., Toshiba Medical Systems Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Dentsply Sirona, Shimadzu Corporation, PerkinElmer Inc., Varian Medical Systems, Carestream Health, Agfa-Gevaert Group, Varex Imaging Corporation, Planmeca Oy, Gendex Dental Systems, Analogic Corporation, KaVo Dental, Midmark Corporation, Acteon Group, J. Morita Corporation, Ziehm Imaging GmbH, General Medical Merate S.p.A., MinXray Inc.
Digital X-ray Devices Market 2024 Key Insights:
• The digital x-ray devices market size is expected to see rapid growth in the next few years. It will grow to $21.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.
• The Rising Number Of Road Accident Cases
• Revolutionizing Radiology Ge Healthcare Introduces Definium Tempo, A Cutting-Edge Ai-Integrated Digital X-Ray System
• North America was the largest region in the digital X-ray devices market share in 2023 and is also expected to be the fastest-growing region in the forecast period
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