Press release
Digital Radiography Market Anticipated To Witness Robust Growth, Surpassing $12.35 Billion By 2029
Digital Radiography
What Is the Current Digital Radiography Market Size and Its Estimated Growth Rate?
The market size of digital radiography has seen robust growth in the last few years. The market, which was valued at $7.83 billion in 2024, is projected to reach $8.46 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. The prior period's growth can be attributed to factors such as improved image quality, decreased radiation exposure, streamlined workflow, improved diagnostic features, an increase in chronic illnesses, cost-effective and sustainable solutions, and a rise in the elderly population.
In the coming years, a considerable surge in the digital radiography market size is anticipated, reaching $12.35 billion in 2029 with a compound annual growth rate (CAGR) of 9.9%. This predicted expansion during the forecast period is primarily due to advancements in portable DR systems and growth in point-of-care imaging, hybrid imaging solutions, focus on pediatric imaging, expanding veterinary imaging, popular trends in personalized medicine, and initiatives taken for dose optimization. The key trends shaping this market in the forecast era include the shift from analog to digital imaging, breakthroughs in detector technologies, the advent of wireless and portable digital radiography systems, incorporation of artificial intelligence (AI), standardization and interoperability, and the uptrend of mobile x-ray units.
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How Are Emerging Segments Shaping the Digital Radiography Market Landscape?
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 Equipment
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
Subsegments,
1) By Computed Radiography (CR): CR Systems, CR Detectors, CR Software
2) By Direct Radiography (DR): DR Systems, DR Detectors, DR Software
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Which Growth Factors Are Influencing Digital Radiography Market Expansion?
The digital radiography market's growth is anticipated to be fueled by the rise of digitization in the healthcare sector. The term digitization describes the conversion of information into a digital form. Such digital enablement in healthcare offers numerous advantages including real-time access to medical information, streamlined doctor-patient interaction, collaborative research, and automation of administrative duties. These benefits ultimately boost the demand for digital radiography. For example, as per the UK Government's information in June 2022, the NHS.uk site, the leading health information source in Europe, receives around 80 million visits monthly. The NHS App, enabling easy service access, had registered over 28 million users and records an average weekly usage of around 2.7 million times. The app is projected to soon be the UK's primary health and care service access point. Therefore, the increasing prevalence of digitization in healthcare is a driving factor for the expansion of the digital radiography market.
Who Are the Dominant Players Across Different Digital Radiography Market Segments?
Major companies operating in the digital radiography market 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., Shimadzu Corporation, Toshiba Medical Systems Corporation, Bosello High Technology SRL, Detection Technology Oyj, COMET Group, Hologic Inc., Samsung Medison Co. Ltd., Esaote SpA, Mindray Medical International Limited, Analogic Corporation, Varex Imaging Corporation, Ziehm Imaging GmbH, Planmeca Oy, Dentsply Sirona Inc., Villa Sistemi Medicali S.p.A.
What Are the Latest Developing Trends in the Digital Radiography Market?
The progression of technology is a significant trend gaining traction in the digital radiography market. Major firms in the sector are channeling their efforts into innovative tech-based solutions to solidify their standing in the market. To illustrate, in February 2022, Carestream, an American enterprise functioning in the digital radiography sector, unveiled the DRX Compass, a sophisticated digital radiology solution. This cutting-edge application for radiology is precise, user-friendly, and adjustable, handing radiologists unrivaled efficency. Moreover, it offers outstanding diagnostic quality while minimising patient dosage and simplifying operations for technicians, thereby enhancing the diagnostic aptitude and output of the diagnostic facility.
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Which Geographic Regions Are Expected to Dominate the Digital Radiography Market in the Coming Years?
North America was the largest region in the digital radiography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the digital radiography market report during the forecast period. The regions covered in the digital radiography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Radiography Market?
2. What is the CAGR expected in the Digital Radiography Market?
3. What Are the Key Innovations Transforming the Digital Radiography Industry?
4. Which Region Is Leading the Digital Radiography Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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