Digital Radiology Devices Market Scenario
The digital radiology devices market is projected to reach USD 4120.3 Million by 2030 at 10.20% CAGR during the forecast period 2022-2030
The digital radiology device is a segment of the imaging devices market. Digital radiology devices the fastest growing segment for the global imaging devices. Digital radiology device is one of the major segment of the imaging device and is expected to grow at the fastest growth rate. The major factors influencing the growth of the market include; rising economic growth, increasing growth in technological advancement in the field of medical devices, increasing demand for portable imaging devices, increasing applications of digital radiology.
Dentistry is one of the applications of digital radiology devices. Newly emerging models for patient care are evolving clinical environments for dentists. It is expected that digital radiology device is to replace traditional manufacturing in the near future due to various reasons which include better predictability, increased accuracy, increased efficiency, and cost-effectiveness. These emerging models have hiked the growth of Dental Service Organizations. DSOs stand to gain a more dominant presence in the dental industry. According to study, Dental Service Organizations (DSOs) currently comprise about 7% of the dental market, but they are expected to grow to about 20% of the market as DSOs enable dentists to invest in new technology. In addition, many of the dentists joining DSOs are more likely to incorporate these technologies into their practices. Hence, DSOs will help in driving the market for digital radiology device globally.
However, factors such as the risk of ionizing radiations for children and teens and high-cost surgery device are hampering the growth of the market.
The digital radiology devices market has been segmented into type, method, application, and end user.
Based on type, market segmented into stationary digital radiology systems, (Ceiling-mounted systems, Floor-to-ceiling mounted systems) and portable digital radiology systems (Handheld radiology systems, Mobile radiology systems)
On the basis of method, the market is segmented into computed radiography (CR) and direct radiography (DR)
Based on application, the digital radiology devices market is segmented into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others.
Based on end user, the digital radiology devices market is segmented into hospitals and clinics, diagnostic centers, and others.
The digital radiology devices market, by region, has been segmented, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Digital Radiology Devices market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European Digital Radiology Devices market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Digital Radiology Devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Digital Radiology Devices market in the Middle East & Africa has been segmented into the Middle East and Africa.
Some of the prominent players in the market are Agfa-Gevaert Group,Canon Inc, Carestream Health Inc, Fujifilm Holdings Corporation, General Electric Company, Hitachi, Ltd., Konica Minolta, Inc, Koninklijke Philips N.V., Siemens, Varian Medical Systems, Inc, Shimadzu Corporation, Hologic, Nucleotech Medical Systems International Limited, Protec GmbH & Co. KG
Regional Market Summary
Digital Radiology Devices Market Share (%), by Region, 2018
Source: Annual Reports and Sec filings
Geographically, the Americas is anticipated to dominate the digital radiology devices industry owing to the presence of a huge patient population, increasing adoption of advanced technology in the field of diagnostics device, high healthcare expenditure, and the presence of major players in the region.
Europe is expected to hold the second largest position in the digital radiology devices market.
Asia-Pacific is the fastest growing digital radiology devices market owing to the increasing demand for better imaging devices, the presence of a huge patient pool and rapidly improving the technology. Moreover, many manufacturers are trying to expand their presence in the region due to rapidly growing economies and the increasing availability of funds, and growing demand for the advanced imaging devices.
The Middle East and Africa market for digital radiology devices is expected to grow at a steady pace.
Market Digital Radiology Devices, by Type
Market Digital Radiology Devices, by Method
Market Digital Radiology Devices, by Application
Market Digital Radiology Devices, by End User
Market Digital Radiology Devices, by Region
Digital radiology devices market is projected to grow at a 10.20% CAGR between 2022-2030.
The Americas is expected to dominate the digital radiology devices market.
Growing demand for portable imaging devices and increasing applications are the key factors driving the digital radiology devices market.
High cost of surgery device may limit the digital radiology devices market growth.
Digital radiology devices are widely used in dental imaging, chest imaging, cardiovascular imaging, and others.