Digital X-Ray Market Size to Reach Revenues of over USD 17 Billion by 2025 - Arizton
CHICAGO, Oct. 20, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global digital x-ray market report.
The global digital x-ray market sizeis expected to grow at a CAGR of over 7% during the period 2019?2025.
Key Highlights Offered in the Report:
The global digital X-ray market is expected to reach above 17 billion by 2025 with high single-digit growth rate of around 7% over the forecast period.
Increasing popularity of handheld/mobile X-ray devices is one of the major drivers of the global digital X-ray devices market.
Emergence of AI & robotic-enabled x-ray devices is anticipated to drive the future market growth of the digital X-ray devices worldwide.
Dental imaging application segment is estimated to witness the highest CAGR of about 7.8% during the forecast period.
Based on portability, the mobile segment will witness the highest CAGR of about 8% over the forecast period.
The hospitals end-user segment accounted for the maximum share of around 46% in 2019.
Key Offerings:
Market Size & Forecast by Revenue | 2019?2025
Market Dynamics ? Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation ? A detailed analysis by application, portability, end-user, and geography
Competitive Landscape ? 6 key vendors and 55 other vendors
Digital general radiography uses much less radiation and the images can be enhanced using computers. Digital X-ray imaging for general radiography offers many advantages including a wider dynamic range and the ability to manipulate the images generated.
The rise in the patient pool, coupled with the growth in the geriatric population, technological advancements is contributing to the growth of the segment. Static digital X-ray devices offer appropriate image interpretation and clinical action due to increase in communication between the attending professional and the radiologist within the same room. However, static systems need heavy and costly apparatus.
The hospitals end-users segment is likely to witness an absolute growth of over 49% during the forecast period. However, hospitals are considered as the traditional healthcare providers of digital X-ray procedures and the volume is high, especially in developing countries.
Digital X-Ray Market by Application
General Radiography
Interventional Radiography
Dental Imaging
Mammography
Digital X-Ray Market by Portability
Static
Mobile
Digital X-Ray Market by End-user
Hospitals
Diagnostic Imaging Centers
Dental Care Settings
Others
Digital X-Ray Market ? Dynamics
The use of artificial intelligence (AI) and robotics has been rapidly progressing in medicine, particularly in the field of digital radiography. AI refers to computer systems that perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision making, and language translating. AI algorithms have already found a remarkable purpose in the tasks of image recognition. In particular, AI methods excel at automatically recognizing complex patterns in imaging data and providing a quantitative assessment of image characteristics. In addition, the rapid growth of robotics in medicine opens new opportunities for digital X-ray procedures with higher precision and accuracy.
Key Drivers and Trends fueling Market Growth:
Growing Demand for Interventional X-Ray Devices
High Growth Potential in LMICs
Rising Target Patient Pool
Increasing Popularity of Mobile X-ray Devices
Digital X-Ray Market ? Geography
The presence of a large patient population, coupled with better access to treatment for various acute and chronic diseases, is the primary factor boosting the North America digital x-ray market. The presence of prominent digital x-ray devices vendors is also another reason for the high uptake of digital x-ray devices in North America. The rise in the patient pool with various diseases and the necessity to diagnose and treat diseases with advanced procedures, such as radiography, fluoroscopy, and angiography, mammography are expected to boost the market during the forecast period.
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
First quarter
Net sales reached SEK 9.4 (13.0) million.The operating result totaled SEK -18.4 (-14.4) million.Earnings per share, basic and diluted, were SEK -0.11 (-0.09).Cash flow from operating activities totaled SEK -7.3 (-12.2) million.CEO...
International medical imaging IT and cybersecurity company Sectra (STO: SECT B) will provide its platform for medical education, Sectra Education Portal, to four university colleges in Denmark. With the solution, they aim to elevate the educational...
Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
...
Swedish Orphan Biovitrum AB (publ) (Sobi®) today announced its report for the first quarter 2024
First Quarter 2024
Total revenue increased 19 per cent, 20 per cent at constant exchange rates, (CER)1, to SEK 6,256 M (5,239)Haematology revenue...
Indivior PLC (LSE/Nasdaq: INDV) today announced its financial results for the period ending March 31, 2024. The earnings release, investor presentation and webcast are available at www.indivior.com.
The earnings release can be found at...