Rise in the prevalence of chronic diseases such as cancer, arthritis, and cardiovascular diseases is making health care reforms increase their focus on early diagnosis of diseases. This, in turn, is increasing the demand for diagnostic tests. Rise in the demand for diagnostic tests and introduction of technological advancements are likely to propel adoption of new diagnostic imaging tools. Technologically advanced X-ray systems and new and advanced X-ray imaging techniques are being introduced in the global market. These are expected to drive the global digital X-ray systems market during the forecast period. However, rise in concerns about X-ray radiation exposures leading to cancer is leading to the development and adoption of newer and safer techniques of imaging. This is likely to restrain the global digital X-ray systems market during the forecast period.
The global digital X-ray systems market can be segmented based on portability, application, technology, end-user, and region. In terms of portability, the market can be classified into fixed digital X-ray systems, handheld systems, and portable X-ray systems. In terms of application, the digital X-ray systems market can be divided into chest imaging applications, dental applications, general radiography applications, mammography applications, orthopedic applications, cardiovascular imaging, and others. In terms of technology, the market can be segregated into direct radiography and computed radiography. In terms of end-user, the digital X-ray systems market can be segmented into hospitals, specialty clinics & ambulatory surgery centers (ASCs), diagnostic centers, and others.
Among portability, the fixed X-ray systems segment is likely to hold a major share of the global digital X-ray systems market during the forecast period. Stationary or fixed X-ray systems have been in use for a long time since discovery of the first X-ray-based imaging and diagnostic system in developed as well as developing countries in the world. Mobile systems, especially handheld X-ray systems, have been launched recently in the global market. On the other hand, the portable X-ray systems segment is expected to register a high growth rate during the forecast period. It is projected to outperform the fixed X-ray systems segment between 2018 and 2026. Hospitals, diagnostic laboratories, and health care professionals worldwide are expected to start installing and using several portable, especially mobile systems, in the next few years. This is because these systems offer portability and ease of use over stationary systems, particularly for bedside imaging or home health care.
Among technology types, the digital radiography segment is likely to hold a leading share of the digital X-ray systems market during the forecast period, followed by the computed radiography segment. The digital radiography segment is expected to witness rapid growth during the forecast period and outperform the computed radiography segment. This is primarily attributable to the introduction and increased adoption of advanced, direct digital X-ray systems that offer several advantages such as low exposure to harmful X-rays, better image quality, and less time consumption.
Among applications, the cardiovascular imaging segment projected to hold the leading market share during the forecast period. According to the World Health Organization (WHO), around 17.3 million deaths across the world were caused by cardiovascular diseases in 2008 and the number is likely to increase to 23.3 million deaths every year by 2030. Low-to-middle income countries are the most affected geographies, accounting for 80% of all deaths caused by cardiovascular diseases across the world. The dental applications segment is likely to hold a significant market share from 2018 to 2026. According to the WHO, around 60% to 90% of school children and 80% to 90% of adults (aged 19–34 years) suffer from dental cavities. At present, X-ray technologies are increasingly being used for early detection of several chronic diseases and disorders so as to ensure effective diagnosis and treatment. However, high cost of advanced digital systems and implementation of legal provisions (for example, the Affordable Care Act) that promote cost containment/cost-cutting are expected to have a negative impact on the digital X-ray systems market in the near future. Moreover, presence of large underserved population in a majority of developing economies of the world is anticipated to continue to provide growth opportunities to the market during the forecast period.
Based on region, the global digital X-ray systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the leading share of the global digital X-ray systems market from 2018 to 2026, followed by Asia Pacific and Europe. North America comprises developed economies such as the U.S. and Canada, which have a large pool of elderly patients suffering from cardiovascular, orthopedic, genitourinary, and abdominal diseases. Thus, rising incidence of various disorders, high awareness among people, increasing affordability of health care services, and well-established health care infrastructure in the region is likely to drive the demand for advanced X-ray systems in North America in the next few years. However, the market in Asia Pacific is expected to witness rapid growth during the forecast period, due to the anticipated rapid growth of the market in countries such as China and India. Presence of large geriatric population suffering from a range of respiratory, cardiovascular, gastrointestinal, and genitourinary disorders requiring urgent diagnosis and effective treatment is a key factor responsible for strong growth of the market in Asia Pacific. Other factors include rising government support, increasing awareness and affordability, and corresponding demand for advanced X-ray systems across major economies in the region.
Key players operating in the global digital X-ray systems market include Canon Inc., Carestream Health Inc., Fujifilm Medical Systems, GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Koninklijke Philips, Shimadzu Corporation, Siemens Healthineers, and Toshiba Medical Systems Corporation.
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