United States Digital X-ray Devices Market 2021-2026 with GE Healthcare, MinXray, Varex Imaging, Carestream Health, Fujifilm Dominating - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "United States Digital X-ray Devices Market - Growth, Trends, and Forecasts (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

The United States Digital X-ray Devices Market is expected to register a CAGR of nearly 7.27% during the forecast period with a revenue of approximately USD 2,871.21 million in 2019.

The shift from conventional X-ray to digital X-Ray imaging is a rapid process, and it is expected to become the most widely used imaging method in the United States.

The COVID-19 pandemic is expected to boost the growth of the digital x-ray devices market in view of the growing demand for chest x-rays. Also, digital X-ray devices provide digital images, which is a very important advantage over the current pandemic as maintenance films could be a tedious workflow. Also, many players have been actively involved in the development of advanced digital X-ray imaging solutions to be used in COVID-19 diagnosis.

For instance, in May 2020, US FDA approved Aspenstate's AiRTouch Portable X-ray system to obtain rapid chest X-rays among the SARS-Cov2 virus-infected patients. Thus, in view of the ongoing pandemic and the extensive use of imaging solutions for accurate diagnosis and treatment of the infection in patients, the digital X-rays devices market is expected to be significantly impacted over the crisis.

The advantage of exposure to lower radiation dose by the patients is expected to boost the adoption to digital imaging and thus aids in the increase of workflow and efficiency, with safety to patients. In an age where the cost of medicine is high, lowering the cost per procedure while increasing safety is important for better patient care.

The Consolidated Appropriations Act of 2016, which favors digital imaging over other methods, reduces Medicare payments by 20% for providers using analog X-ray studies. Thus, for those performing imaging studies on computed /digital radiography equipment, payments will be reduced by 7% during 2018-2022 and 10% thereafter. This will positively influence the market's growth in the US.

Additionally, according to the US Arthritis Foundation, in 2019, arthritis was the leading cause of disability among adults in the United States. By conservative estimates, about 54 million adults were diagnosed with arthritis, and almost 300,000 children were suffering from arthritis or a rheumatic condition in 2019. The growing number of people suffering from arthritis or rheumatic condition results in an increase in demand for digital radiographs.

Also, as per the research article titled "Femoral Neck Fractures" 2020, there will be approximately 300,000 cases of hip fractures annually in the United States by 2030. The economic burden of hip fractures is amongst the top 20 expensive diagnoses, with approximately USD 20 billion spent on the management of this injury annually.

Thus, the increasing prevalence of medical conditions that require X-ray imaging, increased technological innovations, and government policies are aiding the market's growth over the forecast period in the United States.

Competitive Landscape

The digital X-ray devices market is moderately competitive, and a few companies are currently dominating the market. These companies include GE Healthcare, MinXray, Inc, Varex Imaging Corporation, Carestream Health, Fujifilm Holdings Corporation among others.

The competition in the market is majorly based on technological advances and the pricing of digital X-ray equipment. Additionally, the key players have been involved in various strategic alliances such as acquisitions, collaborations along with the launch of advanced products to secure the position in the United States market.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

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 Number of Serious Injuries

4.2.3 Technological Advancements and 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 Devices

4.4 Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Application

5.1.1 Orthopedic

5.1.2 Cancer

5.1.3 Dental

5.1.4 Cardiovascular

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

5.4.1 Hospitals

5.4.2 Diagnostic Centers

5.4.3 Other End Users

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Carestream Health

6.1.2 Fujifilm Holdings Corporation

6.1.3 General Electric Company(GE Healthcare)

6.1.4 Hitachi, Ltd.

6.1.5 Hologic, Inc

6.1.6 Koninklinje Philips NV (Philips Healthcare)

6.1.7 Shimadzu Corporation

6.1.8 Siemens Healthineers

6.1.9 Canon Medical Systems Corporation

6.1.10 Samsung Electronics Co. Ltd (Samsung Medison)

6.1.11 Agfa-Gevaert N.V.

6.1.12 Konica Minolta, Inc.

6.1.13 Toshiba Corporation

6.1.14 Varex Imaging Corporation

6.1.15 MinXray, Inc.

6.1.16 KUB Technologies, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/lirvy5