Digital Radiography Market By 2026 Growth, Leading Trends, Challenges, Drivers, Restraints And Investment Opportunities
Digital
radiography is a similar technique to conventional
radiography, with the only difference being the former using a
phosphor image plate instead of a conventional film. Currently, based
on various detector and readout technologies, the medical devices and
equipment manufacturers offer a variety of digital imaging solutions
to their customers. There are various factors positively affecting
demand for digital radiography such as digital detectors archiving of
a fully digital picture and communication system, where images are
stored digitally and can be shared without any risk of file loss
during image distribution in hospitals through web-based technology.
This in turn is expected to favor the digital radiography market over
the forecast period. Furthermore, healthcare industry is projected to
grow at a significant rate on the backdrop of the rise in healthcare
expenditure, especially in emerging nations, with the setting up of
various new hospitals and diagnostic centers in countries such as
India and China. Also, the market is witnessing a steady shift from
analog to digital modes of imaging, owing to the better and fast
imaging results of the imaging services. This is further expected to
favor the growth in the digital x-ray market over the forecast period
(2016-2024).
Market Dynamics
Rise in number of
accidents, growing prevalence of dental disorders, and increasing
prevalence of breast cancer are some of the vital factors that are
expected to fuel growth of the digital radiography market in the near
future. Novel products and diagnostic systems in dentistry are
projected to reshape the world dentistry market in the near future,
with the utilization of the digital radiography technique expected to
favor early detection of teeth related disease such as caries and
cavities. This in turn is projected to favor growth of the digital
x-ray market over the forecast period. According to Straumann CMD
2012, digitalization will further change value chain & workflows
for dentists and laboratories along with the provision of digital
scanning, which will provide a 3D-view of the oral situation.
Furthermore, rising number of bone disorders due to increasing
elderly population is expected to favor the digital radiography
market over the forecast period.
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Rising aging
population to increase consumer base of digital radiography market
Aging results in
weakening of the immune system. Thus, the elderly population is at a
major risk of chronic diseases such as chronic respiratory disease,
cardiovascular disorders, dental issues, and orthopedic disorders.
According to the World Population Prospects report (2015) by the
United Nations (UN), the global population aged 60 years and above is
projected to increase by 56% from 901 million in 2015 to 1.4 billion
by 2050. This growth rate is faster than the growth of population in
other age groups. The report mentions that Japan is home to world’s
most aged population (33% in 2015). Aging population exerts pressure
on the health budget of the nation leading to increase in demand for
cost-effective solutions. This in turn, would generate a more
positive digital radiography market outlook.
Market Taxonomy
This report segments
the global digital radiography market on the basis of application,
device type, portability, end user, and geography. On the basis of
application, the market is categorized into chest imaging
applications, orthopedic applications, cardiovascular imaging
applications, dental applications, mammography applications and other
applications. On the basis of device type, the market is categorized
into direct radiography and computed radiography, in which direct
radiography is further divided into charge coupled device (CCD) and
flat panel detector. On the basis of portability, the market is
categorized into fixed digital radiography systems, retrofit digital
radiography systems and mobile digital radiography systems. On the
basis of end-user, the market is categorized into diagnostic centers,
hospitals and dental clinics. For comprehensive understanding of
market dynamics, the global gynecological devices market is analyzed
across key geographical regions namely North America, Europe, Asia
Pacific, Latin America, Africa, and Middle East. Each of these
regions is analyzed on basis of market findings across major
countries in these regions for a macro-level understanding of the
market.
Emergence of
portable digital radiography systems
Fixed radiography
systems occupy more space as compared to portable systems. Also,
screening of patients at the given place is mandated by fixed or
mounted digital radiography systems. Portable digital radiography
systems on the other hand, allows easy mobility and operability.
Moreover, with portable digital radiography system, images can be
sent to the recipient from any location in the hospital, thus saving
time and resources. Moreover, handheld digital radiography systems
can be effectively utilized in emergency medical situations.
Increasing cost pressure and focus on providing point-of-care
services would propel the growth of digital radiography market.
Key companies
covered as a part of this study include 3DX-Ray, Anritsu Infivis,
Bosello High Technology, COMET, GE Healthcare, Mettler-Toledo
International, Nikon, North Star Imaging, VJ Technologies, Fujifilm
Holdings, Philips Healthcare, Shimadzu Corporation, Toshiba Medical
System Corporation, Carestream Health
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