Digital Radiography Market worth $1.9 billion by 2029 driven by Emerging Tech Innovations | MarketsandMarkets™.

CHICAGO, Aug. 29, 2024 /PRNewswire/ — The global Digital Radiography Market is valued at an estimated USD 1.6 billion in 2024 and is projected to reach USD 1.9 billion by 2029 at a CAGR of 3.5% during the forecast period. The digital radiography market is driven by the rising prevalence of musculoskeletal disorders, sports-related injuries, and the increasing geriatric population. Technological advancements, the demand for early diagnosis, and a shift toward non-invasive procedures are boosting growth, with hospitals in emerging economies benefiting from increased healthcare investments and government initiatives. However, high system costs and a shortage of skilled radiologists pose challenges. Opportunities lie in AI-based systems that improve diagnostic accuracy and workflow efficiency. The market is dominated by fixed digital radiography systems, with new digital systems and chest imaging expected to grow significantly. The Asia Pacific region, driven by a rising elderly population and chronic disease rates, leads the market, with key players including GE HealthCare, Siemens Healthineers, Philips Healthcare, Canon, and FUJIFILM.

MarketsandMarkets Logo (PRNewsfoto/MarketsandMarkets)

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51436065

Browse in-depth TOC on “Digital Radiography Market”

204 – Tables

54 – Figures

222 – Page

Siemens Healthineers: Leader in Digital Radiography Innovation

Siemens Healthineers (Germany) is a global leader in medical technologies, particularly in digital radiography systems. These systems combine cutting-edge technology with advanced imaging capabilities to deliver high-quality diagnostic images while prioritizing patient safety and comfort. Siemens Healthineers offers diverse system configurations to cater to a wide range of clinical needs, from routine diagnostic imaging to specialized procedures. Their user-friendly interfaces and workflow optimization tools streamline the imaging process, enabling healthcare professionals to efficiently capture and interpret images. The company’s focus on continuous innovation ensures that Siemens Healthineers remains at the forefront of digital radiography technology.

Philips Healthcare: Innovator in Digital Radiography

Philips Healthcare (Netherlands) is one of the top players in the digital radiography market, driven by substantial investments in research and development, which account for over 10% of its annual revenue. Philips has introduced innovative products like the CombiDiagnost R90, Digital Diagnost C90, and ProxiDiagnost N90 in recent years. The company also emphasizes teleradiology services, exemplified by the launch of SHINEFLY in collaboration with Digital China Health for the Chinese market. In addition to frequent product launches, Philips engages in strategic partnerships, collaborations, and acquisitions, which have further strengthened its market presence globally.

GE Healthcare: Innovating in Digital Radiography

GE Healthcare (US) is a major player in the digital radiography market, offering a comprehensive portfolio of reliable and high-performance systems. These systems feature advanced technologies that ensure superior image quality, enhancing diagnostic accuracy and patient care across diverse healthcare settings, from small clinics to large hospitals. GE Healthcare’s digital radiography systems are designed for versatility and flexibility, incorporating sophisticated image processing algorithms, intuitive user interfaces, and ergonomic designs. With a strong commitment to research and development, GE Healthcare continually upgrades its systems to address emerging challenges in clinical care, ensuring it remains a leader in the field.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=51436065

Product Segment: Fixed Digital Radiography Systems Lead the Market

The digital radiography market is segmented by product into fixed digital radiography systems (floor-to-ceiling-mounted and ceiling-mounted systems) and portable digital radiography systems (mobile and handheld systems). In 2023, the fixed digital radiography systems segment is expected to hold the largest market share. These systems offer immediate image acquisition and processing, reducing patient wait times and enhancing workflow efficiency in clinical settings. Additionally, digital radiography systems enable seamless storage, retrieval, and sharing of images in electronic formats, facilitating integration with electronic health records for remote consultations and collaboration among healthcare professionals

Type Segment: Retrofit Digital Systems Gain Ground

By type, the digital radiography market is divided into retrofit digital systems and new digital systems. The retrofit digital systems segment is projected to dominate the market in 2023. Retrofitting existing analog or CR systems is more cost-effective than purchasing entirely new digital radiography systems, making it an attractive option for institutions with budget constraints. This affordability has driven the adoption of retrofit digital systems in the market.

Application Segment: Chest Imaging Dominates

The digital radiography market is segmented by application into chest imaging, pediatric imaging, cardiovascular imaging, orthopedic imaging, and other applications. The chest imaging segment is expected to dominate the market during the forecast period, growing at a CAGR of 4.4%. The segment’s growth is driven by the high image resolution, rapid image acquisition, and easy sharing capabilities of digital radiography systems, making them ideal for diagnosing chest conditions efficiently and effectively.

End-User Segment: Hospitals Lead the Market

The digital radiography market is segmented by end user into hospitals, diagnostic imaging centers, orthopedic clinics, and others. Hospitals are expected to dominate the market throughout the forecast period. The growing demand for advanced diagnostic imaging technologies has led hospitals and imaging centers to invest in digital radiography systems to enhance their capabilities in diagnosis, treatment planning, and patient monitoring.

Regional Insights: North America Leads the Market

The digital radiography market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest share of the digital radiography market in 2023. The region’s well-established healthcare infrastructure, high adoption of advanced technologies, and the growing burden of chronic diseases and aging population drive demand for diagnostic imaging. The Asia Pacific region is also expected to experience significant growth, driven by rising healthcare spending, increasing prevalence of target diseases, and advancements in medical technology.

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:Mr. Rohan Salgarkar

MarketsandMarkets™ INC.1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441

Email: [email protected] Our Website: https://www.marketsandmarkets.com/

Leave a Reply

Your email address will not be published. Required fields are marked *