Global Digital X-ray Market Analysis

The Global Digital X-ray Market size stood at around xx Bn in 2023 and is projected to reach US $xx Bn by 2033, exhibiting a CAGR of xx% during the forecast period.

The Global Digital X-ray Market Executive Summary

A digital X-ray, also known as digital radiography, is a contemporary form of X-ray imaging that employs digital rather than film-based detectors. X-rays involve the use of radiation pulses to penetrate the human body and generate an image. Digital sensors, usually in the form of active-matrix flat panels, capture the image and in its raw form as digital information almost instantaneously, which permits the image to be viewed immediately on the computer.

The growth of the market for digital X-ray is attributed to improving technology, increased use of diagnostic imaging, and growing awareness of preventive care. Currently, the market is dominated by applications in orthopaedic imaging, chest imaging, dental and mammography applications. The largest markets are North America, Europe and the Asia-Pacific with the Asia-Pacific area experiencing high growth. Siemens Healthineers and GE Healthcare are most active in implementing AI into POC devices and portable diagnostic systems. However, there are concerns such as high costs and regulatory issues as the market expands with areas of interest including AI, mobile X-ray systems and reduced radiation dosage. 

Global Digital X-ray Market Dynamics

Market Growth Drivers

The growth in geriatric population worldwide is a major factor for an increased need for the diagnosis of diseases through imaging since the demographics are predisposed to cardiovascular diseases and cancer. Various factors such as innovations in the use of AI in digital X-ray, improvements in image resolution, and the reduction of radiation dose per image, is expanding its usage. The increased occurrences of chronic illnesses augment the need even more as such diseases call for frequent imaging to check on the progression of the disease. The faster processing of digital X-rays and the lower radiation involved are other parameters that can also be considered to be in the advantages column. Moreover, the increasing consumer knowledge of preventing illness, and the increasing popularity of digital X-ray usage in dental offices and clinics are factors that further contribute to the market’s growth.

Opportunity

The dental digital radiography segment will have a high growth because of the rising number of cases of dental diseases and the advantages offered by digital systems over other systems. Regions such as Asia-Pacific, Latin America, and Middle East & Africa present vast opportunities for manufacturers based on the enhancements in health facilities and increased overall healthcare spending. Furthermore, increased interest in targeted healthcare, diagnostics, and therapy also contributes to the trend of using digital X-rays for better individualization of treatment plans. Finally, sustainability and environmental factors are getting in focus and the manufacturers are introducing environment-friendly products that will address the need for socially responsible health care provision. 

Market Restraints

The key challenges include high installation costs and costs relating to the devices themselves; this puts a constraint on the ability of certain health care facilities with limited capital investment to afford better image technologies. The enhanced uptake of refurbished digital X-ray devices also hampers the new devices market as providers switch to cheaper options. Some patients are worried about effects of radiation even though the differences between digital and conventional pictures are relatively small; these ideas prevent the application of these technologies in regions where people do not realize that they do not pose health risks. 

Competitive Landscape for Digital X-ray Market in Global

Key Players

• Siemens Healthineers AG
• Koninklijke Philips N.V.
• GE HealthCare Technologies Inc.
• Canon Inc. 
• Shimadzu Corporation
• FUJIFILM Holdings Corporation
• Carestream Health, Inc.

Recent Developments

January 2024, Carestream Health has launched a new and enhanced DRX-Excel Plus X-ray System that boosts the performance of the powerful, two-in-one solution to enable more productivity and efficiency, higher image quality, and an improved experience for users and patients.

December 2023, DeepTek.ai has announced the commercial availability of Augmento X-Ray, a CADe Chest X-Ray AI solution powered by US FDA Cleared CXR AI at the Radiology Society of North America’s (RSNA) 109th Annual Meeting. Augmento X-Ray is designed to significantly reduce radiologist workload and improve the quality of chest X-ray reporting.

July 2023, Canon Medical Systems has launched the Zexira i9 digital X-ray RF system, a multi-purpose fluoroscopic table equipped with many new functions along with a compact design.

July 2022, Siemens Healthineers launched new mobile X-ray system Mobilett Impact.

June 2022, Released of a New Type of Mobile X-ray System for Outside of Japan Accommodating a Wide Range of Needs for Mobile X-ray Systems.

March 2022, Konica Minolta, Inc. (Konica Minolta) announced launch of AeroDR TX m01, a mobile X-ray system featuring a wireless dynamic digital radiography function in Japan

Mergers and Acquisitions

January 2024, GE HealthCare announced it has entered into an agreement to acquire MIM Software, a global provider of medical imaging analysis and artificial intelligence (AI) solutions for the practice of radiation oncology, molecular radiotherapy, diagnostic imaging, and urology at imaging centres, hospitals, specialty clinics, and research organizations worldwide.

July 2023, Detection Technology Plc has completed the acquisition of Haobo Imaging. Detection Technology acquired 90% of the shares in Haobo Imaging for EUR 12 million. The acquisition was financed with cash reserves and a term loan.

November 2021, Nanox Completes Merger with Zebra Medical Vision, LTD., Re-brand as Nanox.AI, and Acquisition of MDWEB, LLC., and USARAD Holdings, Inc.

Healthcare Policies and Regulatory Landscape for Digital X-ray Market in Global

Policy changes and Reimbursement scenario

Policies that increase awareness of early disease detection and preventive care also drive demand for complex imaging systems. High reimbursement rates and increased insurance reimbursements for digital X-ray procedures are promoting the adoption of these technologies. Nevertheless, there are obstacles in areas where traditional fee-for-service systems fail to allocate sufficient funds to ensure the implementation of digital x-ray systems.