The Global Market for Digital Radiography is Projected to Reach US$15 Billion by the Year 2024

Rapidly Growing Trend Towards Healthcare Digitization to Drive Adoption of Digital Radiography, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Digital Radiography market. The global market for Digital Radiography is projected to reach US$15 billion by the year 2024, driven by rise in healthcare digitalization, increasing adoption of wireless and mobile DR systems, and regulatory changes encouraging uptake of digital imaging systems that offer low radiation dosage and high patient throughput.

Digital radiography is defined as a form of X-ray imaging, where digital X-ray sensors are used instead of traditional photographic X-ray film. These systems score over traditional analog X-ray systems in terms of time efficiency, enhanced images, and less radiation dose. The primary market driver for new digital radiography installations worldwide is the growing digitalization of healthcare imaging and the fact that a significant proportion of medical imaging procedures revolve around X-ray radiography. Spurt of economic growth in developing countries is further encouraging investments in DR systems as a replacement to obsolete medical imaging infrastructure.   The increasing uptake of DR is also favored by regulatory changes to reimbursement in countries such as the US and introduction of healthcare informatics coupled with increasing employment of PACS and Radiology Information Systems (RIS) in both hospital and clinical settings. The market is also driven by rapidly aging population that requires more frequent and safer radiography procedures.

Computed Radiography (CR) represents the largest product type segment in global Digital Radiography market while Direct Digital Radiography (DDR) constitutes the fastest growing product segment over the analysis period. Technological advancements in terms of hardware, including sources, detectors, tubes as well as software, have immensely contributed towards enhancing cost-effectiveness, efficiency as well as user-friendliness of DR systems. Several DR panels offer the option for storage of images on the detector itself. Imaging software is an area of particular interest with post-processing of images, along with storage and sharing of images gaining importance across all medical imaging platforms. Manufacturers are also focused on development of compact digital radiography systems designed for clinical practices having limited amount of space. Demand is on rise for DR systems that offer smaller footprint, and deliver superior image quality, versatility, functionality and optimize workflow.

As stated by the new market research report on Digital Radiography, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing markets worldwide at a CAGR of 12.3% over the analysis period.  Growth in the market is led by greater emphasis on developing healthcare infrastructure, increasing shift to digital radiography systems, and rising incidence of chronic illnesses and lifestyle diseases that continue to spur spending on healthcare services and imaging procedures.

Key players in the market include Agfa HealthCare NV, Air Techniques Inc., Analogic Corporation, Canon U.S.A. Inc., Carestream Health Inc., Fujifilm Medical Systems U.S.A. Inc., GE Healthcare, Hologic Inc., Imaging Dynamics Company Ltd., Konica Minolta Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Philips Healthcare, Sectra AB, Siemens Healthineers, Swissray International Inc., Shimadzu Corporation and Varex Imaging Corporation among others.

The research report titled “Digital Radiography: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the digital radiography market, current market trends, major growth drivers, product innovations and launches, and strategic industry activities of companies worldwide. The report provides market estimates and projections for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.  Segment analysed for the global market include Direct Digital Radiography (DDR) and Computed Radiography (CR).

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