Digital Radiography Market to Surpass US$ 12.5 Billion by 2024 - Coherent Market Insights

Published On : Mar 16, 2017

The Global Digital Radiography Market was valued at US$ 7,538.8 million in 2015 and is projected to expand at a CAGR of 5.9% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Increase in demand for high quality imaging in the healthcare sector is projected to favor the market for digital radiography market in the near future.

The healthcare sector has witnessed advancements under clinical practices such as introduction of novel digital detector technologies and radiographic techniques. There are various technical factors that are responsible for adoption of new radiography techniques. Differences between the older analogical technique and digital technique do not stop at just high image quality associated with the latter, but also the lower exposure time and strength of the X-ray on the patient. Digital radiography allows for over- exposure that produces better quality images. The steady growth in global economy and the rise in healthcare awareness are propelling the medical devices industry to achieve significant growth in terms of revenue, which in turn is projected to support the digital radiography market over the forecast period. Also, various new acquisitions and investments along with novel product launches are expected to favor growth of the digital x-ray market in the near future. In 2015, Konica Minolta – a primary imaging solution company – introduced a new radiography solution named AeroDR XE – this is expected to provide a lower weight version to deliver Primary Imaging at the point-of-care.

To know the latest trends and insights prevalent in the digital radiography market, click the link below:

The digital radiography technique is now extending into non-clinical areas of non-destructive testing. Major factors driving growth of the market include significant shifts in the delivery of care, reimbursement scenario, and health system management by healthcare organizations. Furthermore, technological advancements in development of digital radiography equipment is expected to fuel growth of the digital radiography market over the forecast period. However, lack of skilled radiologists for operating advanced equipment’s area expected to hinder growth of the market over the forecast period.

Digital radiography market is projected to witness significant growth over the forecast period, owing to medical services offered by it such as providing wide range of imaging services with different variations in the type of patient site. Increasing number of road accidents and casualties is propelling demand for digital x-rays in the radiography market, owing to better quality results offered by digital radiography, which in turn is driving growth of the radiography market. Furthermore, increasing number of geriatric population is expected to positively favor growth of the digital radiography market, as they are more prone to injuries and are highly susceptible to skeletal disorders. According to National Institute on Aging, in 2016, around 8.5% of the population was above the age of 65, which creates a highly conducive environment for growth of the digital x-ray market.

Key takeaways of the market:

  • The global digital radiography market is expected to expand at a CAGR of 5.9% during the forecast period (2016–2024). The modest growth rate of the market is attributed to steadily growing adoption of digital radiography systems.
  • Adoption of digital radiography systems is expected to be more rapid in the emerging nations such as India, China, Brazil, Israel, and Indonesia
  • Convenience in imaging would be a major driving factor for mobile digital radiography systems with rapid adoption projected in emerging nations
  • Requirement of skilled labor would be prevailing throughout the forecast period which indirectly impacts the adoption of new digital radiography systems and the growth of global digital radiography market
  • The global digital radiography market is characterized by strategic research and development and advancement in the products in the imaging market with portability options and strategic collaborations of the various organizations in the radiography market.
  • Some of the major players are 3DX-RAY, ANRITSU INFIVIS, Bosello High Technology, COMET, GE Healthcare, Mettler-Toledo International, Nikon, North Star Imaging, VJ Technologies, Fujifilm Holdings, Philips Healthcare, Shimadzu Corporation, Toshiba Medical System Corporation, Carestream Health.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.