DIGITAL X-RAY DEVICES MARKET ANALYSIS

Digital X-ray Devices MarketSize and Trends

The global digital x-ray devices market was valued at US$ 10,720.5 Mn in 2022 and is forecast to reach a value of US$ 18,917.8 Mn by 2030 at a CAGR of 7.4% between 2023 and 2030. The global digital x-ray devices market is experiencing strong growth due to the rise in prevalence of chronic and orthopedic disease and advantages of digital x-ray system over conventional x-rays. Moreover, increase in demand for digital x-ray devices and growing geriatric population is expected to boost the growth of the market. However, factors such as high cost of installation and high cost of devices and rise in use of refurbished x-ray devices are expected to hamper the market growth.

Global Digital X-ray Devices Market: Regional Insights

Based on geography, the global digital x-ray devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market over the forecast period owing to the increasing incidence of orthopedic diseases, rise in burden of cancer, and rise in geriatric population in this region. For instance, with the increase in prevalence of chronic and orthopedic diseases, the use of medical imaging devices, such as x-ray devices, is also increasing with a rapid pace. In August 2022, GE Healthcare announced the launch of the AI-enabled x-ray system. The Definium 656 HD platform includes artificial intelligence (AI) to provide enhanced anatomic detail and clarity through the use of Helix 2.2 advanced image processing and 100 um FlashPad HD detectors, according to the company.

Europe and Asia Pacific are also expected to witness significant growth in the global digital x-ray devices market due to the increase in prevalence of chronic and orthopedic diseases, rise in number of serious injuries, and rise in geriatric population in these regions. For instance, X-rays and other radiographic tests help doctors look for cancer in different parts of the body. India’s cancer cases could increase by 12% in the next five years, with 1.5 million people projected to suffer from the non-communicable disease by 2025, up from 1.39 million in 2020, according to the data based on current trends from the cancer report by Indian Council of Medical Research (ICMR). This in turn is driving the growth of the market in these regions.

Global Digital X-ray Devices Market Trends:

Demand for portable digital x-ray devices is a recent trend

Portable x-ray devices play an important role in diagnosis and monitoring at the patient's bedside, with no barriers to transfer the patient to the X-ray room. A portable x-ray offers many advantages over the traditional x-ray systems. Furthermore, the portable x-ray has the potential to overcome location barriers and benefit patients who are in life-threatening conditions and require immediate treatment, possibly needing an on-the-spot diagnosis. This in turn is expected to drive the growth of the global digital x-ray devices market.

Technological advancements is another trend

Over the past few years, digital x-ray devices have undergone significant advances focused on core and ancillary technologies to provide high-quality, high-resolution images without corresponding increase in radiation dose. These solutions integrate new technologies and algorithms along with, other improvements to take advantage of the optimization potential of digital image enhancement. Artificial intelligence (AI) is running rampant in radiology and imaging equipment, and is already being used in many ways in radiology and is the future.