The digital x-ray devices market growth is mainly due to the rising prevalence of various acute & chronic diseases across the globe.
According to the latest Arizton’s market research report, the digital x-ray market size to cross USD 17 billion by 2025, growing at a CAGR of 7% during the forecast period.
Digital X-Ray Devices Market Growth
The digital x-ray devices market growth is mainly due to the rising prevalence of various acute & chronic diseases across the globe. The increasing technological advancements and growing popularity of portable/mobile x-ray devices are expected to fuel the growth in the market. The emergence of artificial intelligence (AI) and robotic-enabled digital x-ray systems will drive the future growth of the global digital x-ray devices market. The development of AI-based digital x-ray equipment and the high growth witnessing in emerging markets are also expected to provide a wide range of growth opportunities for vendors in the digital x-ray devices market. Digital radiography holds a significant growth opportunity in developing countries, specifically due to large patient pool and ageing population who need effective disease diagnosis and treatment.
Growing Demand for Interventional X-Ray Devices
Digital radiography is often thought of as a diagnostic field, it has become increasingly involved in the development and deployment of therapeutic modalities, that are leading to a widely adopted number of minimally invasive (MI) therapeutic procedures in recent years. Advances in digital medical imaging has led to a significant increase in minimally invasive therapeutic techniques using digital radiography. Interventional radiologists perform a wide range of procedures such as treating tumors, taking organ biopsies or placing stents by inserting tiny instruments and thin plastic tubes/catheters into the body via an artery or vein. The images generated by digital x-ray devices are used to guide the catheters and other instruments to the exact area where the treatment or procedure is to be performed.
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- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by application, portability, end-user, and geography
- Competitive Landscape – 6 Key Company Profiles and 55 Other Prominent Vendors
Digital X-Ray Market – Geographic Analysis
North American digital x-ray devices market is growing at a healthy rate and is expected to grow at a similar pace during the forecast period. The rising awareness of using digital x-ray devices as an essential equipment associated with treatment procedures of several diseases coupled with improved healthcare infrastructure, various favorable guidelines, and higher uptake of MI surgical procedures are driving the growth of digital x-ray devices market in the region. APAC serves as an attractive market destination for many global and local vendors due to the large patient pool of undertreated patient population, who need safe and effective disease diagnosis and treatment with advanced devices such as anti-microbial digital x-ray devices to prevent incidence of HAIs.
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The global digital x-ray devices market is highly competitive, dynamic, and characterized by the presence of many global, regional, and local vendors offering a diverse range of static and mobile devices for numerous applications to the end-users. Moderate to high growth of major players will continue to boost the global market growth for digital x-ray devices. Most of the leading players are focusing on implementing various strategies such as establishing strategic collaborations, increase in R&D investment, technology enhancements, and strengthen their distribution networks to enhance their market share and presence in the market. The new product launches, latest generation technology adoption, and collaborations will be crucial for companies to maintain revenue growth in the coming years.
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