Digital X-ray Market: Comprehensive study explores Huge Growth in near Future

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The technique uses X-ray-sensitive plates to capture data during object examination, which is closely transferred to a computer without the use of an intermediate cassette. The incident X-ray radiation is converted into an equivalent electric charge and then to a digital image through a digital detector sensor.

The Digital X-ray Market is expected to grow at a rate of ~8% by 2026. The rapid growth in the AI-based digital X-ray systems, growing advantages of digital X-ray systems over conventional X-ray systems, increasing prevalence of orthopedics, dental, respiratory & other chronic diseases, increasing technological advancements in digital X-ray systems, and growing awareness regarding early diagnosis & diagnostic imaging are some of the key factors driving the global digital X-ray market.

Advantages Associated with Digital X-ray System Fuels Its Demand

The value of digital radiography in dental and medical diagnosis is well known, especially during operative procedures where time-to-image is very important.

Key advantages associated with digital radiography over conventional radiography are:

•Reduction in radiation dose to the patient
•Image optimization and computer-aided feature extraction
•Environmental waste reduction
•Digital image enhancement and image archiving
•Higher productivity, workflow improvement
•Speed, the results are available for review immediately
•Improved electronic communications

Technological Advancement Drives the AI-Based Digital X-ray Systems Market
Artificial Intelligence can help in the optimization of radiologists’ workflows, facilitate quantitative radiology, and assist in discovering genomic markers. Citing the lucrative prospects of AI-based Digital X-ray Systems, players operating in the market are constantly launching innovative products.

For instance,

•In February 2022, Carestream Health announced that it’s Smart Noise Cancellation (SNC) technology has received FDA 510(k) clearance for its dose reduction capability

•In February 2022, Mireye Inc. announced the launch of its intelligent imaging AI-based technology that automates the patient positioning process for X-ray examinations, eliminating the need for manual measurements and body part alignment

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Key Constraints/Challenge: Digital X-ray Market
The higher initial cost of the system, hardware & software maintenance, infection control, the thickness and rigidity of the digital detectors and the increased usage of refurbishment digital X-ray units due to budget constraints and are some of the key factors that are likely to restrain the market growth.

APAC Expected To Witness Strongest Growth in the Digital X-ray Market
North America currently holds a major share in the global digital X-ray market. However, the pressure to diagnose many patients speedily and accurately in the APAC region is increasing, and radiology departments need to be able to effectively handle a high number of patients base. At the same time, its rapidly aging population – 1 out of 4 people will be aged 60 years by 2050– will drive an increase in chronic medical conditions like cancer and cardiovascular diseases. There will be a strong need to image patients for faster diagnostic work while maintaining a high level of accuracy and a strong focus on patient safety. This in turn is expected to witness strong growth in the APAC region.

Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Digital X-ray Market
Players operating in Digital X-ray market are adopting organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner market share.

For instance,

•In March 2022, Canon Medical Systems Corporation announced the acquisition of Nordisk Røntgen Teknik A/S (“NRT”), a Danish company

•In October 2021, Siemens Healthineers announced the launch of its Luminos Impulse, a 2-in-1 remote-controlled imaging device that integrates fluoroscopy and radiography for improved clinical productivity and efficiency

Competitive Landscape Analysis of Digital X-ray Market
Some of the key players operating in Digital X-ray market include Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, Canon Inc., Carestream Health, among others.

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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79