About Digital Radiography
Digital Radiography involves the capturing of X-ray exposure electronically, this exposure is kept in a device that converts the X-rays into a digital signal. It then helps in representing on monitors for the diagnosis. The digital radiology works in two technologies namely computed radiology (CR) and direct digital radiology (DR), which gives real-time data and reviews in no time. It actually uses the active matrix flat panels consisting of a detection layer deposited over an active matrix array of thin layer transistors and photodiodes. It helps in reducing the time improving workflows by producing higher quality images as it uses x-ray sensitive plates that directly capture data during the examination and diagnosis. The global digital radiography market is immensely impacted by the COVID 19 pandemic across the world, as one of the major testings for the disease is chest imaging. However, in some parts of the world demand is exceeding the supply leading to a shortage of radiography devices.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.9% |
The vendors in this market are majorly focusing on providing enhanced solutions in order to cater to the market's demands to remain competitive in the market. The increasing number of digital publishing platforms for different applications Is generating intense competition in the market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens Healthineers AG (Germany), GE Healthcare (United States), Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (United States), Hitachi Medical Corporation (Japan), Samsung Healthcare, Canon Inc. (Japan), Konica Minolta Healthcare (Viztek), Angell Technology Co., Ltd (China), Mindray Bio-Medical Electronics Co., Ltd. (China), Carestream Health (United States) and Agfa-Gevaert Group (Belgium) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Radiography market by Type (Direct Radiography and Computed Radiography), Application (Dental, Orthopedics, General Surgery, Veterinary and Others) and Region.
On the basis of geography, the market of Digital Radiography has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. System {X-ray System} will boost the Digital Radiography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Technological Advancements in Digital Radiography and The Advent of Software Related Processing in Digital Radiography
Market Growth Drivers:
Digitalization in the Healthcare Industry for Accurate Examination and Treatment, Demand for Viewing Real-Time Data and Need for Eliminating the Chemical Processing of the X-ray Films for Faster Results
Challenges:
Adherence to Regulatory Standards Regarding Digital Radiography and Technological Problems with Devices
Restraints:
Need Skilled Professionals to Operate Digital Radiography System and Software and Scarcity of Digital Radiography Devices Due to Huge Demand Prevailing in the Market
Opportunities:
Growing Healthcare Spendings Across the World and Surging Demand for Digital Radiography From Countries Severely Hit by COVID 19 Pandemic
Market Leaders and their expansionary development strategies
In July 2023, Sony and Sony Healthcare announced a new partnership to develop and market DR systems for the healthcare market.
In November 2023, Fujifilm announced its new Fujifilm X-T5 mirrorless camera. The X-T5 features a 40.2MP APS-C CMOS sensor, an improved autofocus system, and 8K video recording at up to 24p.
"Samsung’s Digital Radiography systems commercialized by the organization have received a cybersecurity certification known as the Authority to Operate (ATO) for the Risk Management Framework (RMF) program set forth by the United States Department of Defense (DOD). The certification given by the United States government has a stringent set of regulations derived from NIST 800-53 in place regarding the cybersecurity of systems that will connect to government networks and protect the data and integrity of all medical devices. Samsung pledges to make every effort to comply with the safety, security, integrity and national regulations of its products."
Key Target Audience
Digital Radiography System Manufacturers, Digital Radiography Software Developers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Hospital, Industry Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.