Digital Radiology Market Overview:
Global Digital Radiology Market was valued at $5,989 million in 2015, and is expected to reach $12,156 million in 2022, registering a CAGR of 10.6% from 2016 to 2022. Digital radiology or digital radiography is a type of x-ray imaging that uses digital x-ray sensors instead of films to capture images. This results in immediate preview of the images that improves time efficiency and capacity to digitally transfer images. In addition, it is a preferred diagnosis modality compared with traditional analog x-ray for wide range of applications owing to less exposure to radiation. Moreover, novel technologies have been adopted well in developed regions, whereas digital radiology devices exhibit strong demand from large user pool from emerging economies, such as India and China. Over the past years, the demand for digital radiology systems has increased significantly, owing to the advent of dental x-ray & digital mammography and wider adoption of portable radiology systems across diagnostic centers. Surge in healthcare expenditure by emerging Asian-Pacific economies, such as India, China, and others, is expected to create new opportunities for market expansion. However, high cost of installation of digital x-ray systems may restrict the market growth.
Global Digital Radiology Market Segmentation
The digital radiology market is segmented based on product, technology, application, end user, and geography. Based on product type, it is bifurcated into stationary and portable digital radiology systems. The application segment includes cardiovascular imaging, chest imaging, dental imaging, digital mammography, orthopedic imaging, and other applications. Technology-wise, the market is divided into computed and direct radiology. Computed radiology was the main contributor to the market growth, owing to rapid escalation in number of units installed across end users.
Drivers, Restraints, and Opportunities
The impact of the driving factors is expected to surpass that of the restraints. Moreover, emergence of new markets and increase in adoption of filmless radiology provides new growth opportunities in the near future.
Digital Radiology Market Drivers, Restraints, and Opportunities
Product Segment Review
Stationary digital radiology systems are widely used in hospitals and advanced diagnostic centers, thus contributing to market growth. This is attributed to low exposure to X-ray radiation during imaging and high-quality images. However, portable digital radiology systems are extensively applied in dental x-ray and bedside imaging.
Digital Radiology Product Segmentation
The report provides a comprehensive analysis of the key players operating in the global digital radiology market, such as 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, and Shimadzu Corporation.
Other prominent players in the value chain include Varian Medical Systems, Esaote, Swissray International, Inc. IMIX ADR, InfiMed Inc., Imaging Dynamics, SteleRAD, VIDAR Systems Corp, Nova Imaging, and Basda Medical Apparatus Co., Ltd.
Digital Radiology Market Key Benefits
- The study provides an in-depth analysis, current trends, and future estimations of the global digital radiology market to elucidate the imminent investment pockets.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- A quantitative analysis of the industry from 2014 to 2022 is provided to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analyses of key segments of the industry is presented to help understand the types of product and technology used across various geographical regions.
- Key market players and their strategies are analyzed 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
- Computed Radiology
- Direct Digital Radiology
- Cardiovascular Imaging
- Chest Imaging
- Dental Imaging
- Mammography Imaging
- Orthopedic Imaging
- Other Applications
By End User
- Diagnostic Centers
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA