DUBLIN--(BUSINESS WIRE)--The "Digital X-ray Devices Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global digital X-ray devices market is projected to grow at a CAGR of 10.9% during the forecast period. Market growth can largely be attributed due to factors such as the increasing occurrence of orthopedic diseases and cancers, increasing spectrum of applications, the advantages of digital X-ray systems over conventional X-rays and technological advancements and product development.
The major advantages of digital imaging are cost effectiveness and easy to access. The hospitals are able to cut the cost by lowering the film price, reducing the requirement of storage space, and decreasing the number of people required to run the services and archive sections. The images are also instantly available for distribution to the clinical services without the time and physical effort needed to retrieve film packets and reviewing previous imaging on a patient is much easier.
Digital X-rays expose approximately 70% to 80% less radiation than conventional X-rays. This is hugely beneficial for the long-term health of patients, especially pregnant women or patients, who are already suffering from illness, thus ensuring safety. With the help of digital X-rays, dentists are now able to easily recognize oral issues, which is leading to a declining need for an invasive investigation at the diagnosis stage. Additionally, digital radiography safely stores patient X-rays, resulting in no loss from the holders. All the aforementioned factors are currently augmenting the growth of the digital X-ray devices market.
Key Market Trends
Portable Systems is Expected to Witness a High CAGR During the Forecasted Period
Portable X-ray has been a useful tool for the diagnosis and monitoring of patients in the healthcare setting, where transfer of patients to the radiology department is difficult. The major benefit associated with these systems is their ease of use and versatility. These X-ray systems can be operational with little to no construction costs.
The portable X-ray machine has potential to overcome location barriers, and benefit patients who are in life-threatening situations and require immediate treatment wherever they are, possibly needing an on-the-spot diagnosis.
Asia Pacific is Expected to Register a High CAGR during the Forecast Period
In Asia Pacific the market is mainly driven by a growing geriatric population, particularly in Japan; increasing disposable incomes, allowing for greater affordability to advanced technologies; the rising prevalence of target diseases; and favorable government initiatives. Various conferences been organized in Asia to build awareness regarding radiology and imaging equipment, also helps to drive the market for digital X-ray devices in Asia.
The Asia Pacific region also contributes favorably to the global medical tourism and further to the global digital x-ray devices market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Occurrence of Orthopedic Diseases and Cancers
4.2.2 Increasing Spectrum of Applications
4.2.3 Technological Advancements
4.2.4 Advantages of Digital X-ray Systems over Conventional X-rays
4.3 Market Restraints
4.3.1 High Initial Cost of Installation
4.3.2 New Sales Affected by Increasing Use of Refurbished Device
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.5 Other Applications
5.2 By Technology
5.2.1 Computed Radiography
5.2.2 Direct Radiography
5.3 By Portability
5.3.1 Fixed Systems
5.3.2 Portable Systems
5.4 By End User
5.4.2 Diagnostic Centers
5.5.1 North America
5.5.4 Middle East & Africa
5.5.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Carestream Health Inc. (Onex Corporation)
6.1.2 Fujifilm Medical Systems
6.1.3 GE Healthcare
6.1.4 Hitachi Medical Corporation
6.1.5 Hologic Corporation
6.1.6 Philips Healthcare
6.1.7 Shimadzu Corporation
6.1.8 Siemens Healthineers
6.1.9 Canon Medical Systems Corporation
6.1.10 Samsung Medison
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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