Digital X-ray, also known as digital radiograph or digital radiology, is an innovative imaging technology that is applied in the medical field for different diagnostic procedures, such as dental, orthopedic, chest imaging, and many others. Digital radiology allows the physician to diagnose disorders or other health-related problems through routine examination.
The key factors that drive the market growth include increase in adoption of digital radiology; growth in incidence of dental disorders, breast cancer, cardiovascular diseases, and orthopedic diseases; and reduction of time consumption during imaging provided by digital radiology. However, dynamic economy and strict regulatory policies regarding approval, high cost of the digital radiology instruments, and excessive exposure to radiation may hamper the growth of this market. Furthermore, increase in medical tourism is expected to provide an opportunity for market expansion. The global digital radiology market was valued at $5,989 million in 2015, and is expected to reach $12,156 million by 2022, registering a CAGR of 10.6% from 2016 to 2022.
The global digital radiology market is segmented on the basis of product, technology, application, end user, and geography. The product category includes stationary digital radiology systems and portable digital radiology systems. Stationary digital radiology systems are further categorized into ceiling-mounted systems and floor-to-ceiling mounted systems, whereas, portable digital radiology systems are classified into handheld radiology and mobile radiology systems. The stationary digital radiology segment dominated the market, owing to high adoption of ceiling-mounted systems. Based on technology, the market is divided into computed radiology and direct digital radiology. Based on application, it is categorized into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and other imaging methods. Cardiovascular imaging held the highest market share in 2015, owing to the increase in cardiovascular diseases. By, the market is analyzed across hospitals, diagnostic centers, and other end users. Diagnostic centers segment was the highest revenue contributor in 2015 owing to the rise in prevalence of diseases and increase in demand for digital radiology for diagnosing diseases.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2015, and is expected to retain its dominance throughout the forecast period. This is attributed to the sophisticated healthcare infrastructure, government support in terms of funding, and high adoption rate for technologically advanced digital imaging devices. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, due to the improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions.
KEY MARKET BENEFITS
The study provides an in-depth analysis of the global digital radiology market, with current trends and future estimations to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Quantitative analysis of the industry from 2014 to 2022 is presented to enable stakeholders to capitalize on the prevailing market opportunities.
Extensive analyses of key segments of the industry assist in understanding the types of product and technology used globally.
Key market players and their strategies are provided to understand the competitive outlook of the market.
DIGITAL RADIOLOGY MARKET KEY SEGMENTS:
By Product Type
Stationary Digital Radiology Systems
Ceiling-Mounted Systems
Floor-To-Ceiling Mounted Systems
Portable digital radiology systems
Handheld Radiology Systems
Mobile Radiology Systems
By Technology
Computed Radiology
Direct Digital Radiology
By Application
Cardiovascular Imaging
Chest Imaging
Dental Imaging
Mammography Imaging
Orthopedic Imaging
Other Applications
By End User
Hospitals
Diagnostic Centers
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Venezuela
Saudi Arabia
South Africa
Rest of LAMEA
KEY PLAYERS PROFILED
Agfa-Gevaert Group
Canon Inc.
Carestream Health
Fujifilm Holdings Corporation
General Electric Company
Hitachi Medical Corporation
Konica Minolta, Inc.
Koninklijke Philips N.V.
Siemens Aktiengesellschaft
Shimadzu Corporation
Other players in the value chain include (profiles not included in the report)
Swissray International, Inc.
Esaote
IMIX ADR
InfiMed Inc.
Narayana Health Teleradiology
Imaging Dynamics
SteleRAD
VIDAR Systems Corp.
Nova Imaging
Basda Medical Apparatus Co., Ltd.
