Digital X-Ray Equipment Market Overview:
Digital X-ray Equipment Market is projected to expand at an exceptional double-digit CAGR from 2022-2032.
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Technological advancements, efforts to improve healthcare facilities, and an ageing population are all driving demand for digital X-ray equipment.
Furthermore, increased product approvals, as well as partnerships and collaborations by key players seeking to expand their digital X-ray equipment market share, boost digital X-ray equipment sales.
Nanox and SK Telcom, for example, agreed to work together to deploy 2,500 Nanoxdigital X-ray Systems in South Korea and Vietnam.
One of the major factors driving demand for digital X-ray equipment is growing awareness of the availability of portable systems.
The primary advantages of digital X-rays are their low cost and ease of use, which are propelling the sales of digital X-ray equipment.
Demand for digital X-ray equipment grows as images become instantly available for distribution to clinical services, removing the need for time and physical effort to retrieve film packets.
This factor has a significant impact on digital X-ray equipment sales.
Patients are exposed to 70-80% less radiation than with traditional X-rays, ensuring the safety of pregnant women and patients who are already ill, and demand for digital X-ray equipment is expected to increase.
Dentists can now use digital X-rays to easily identify oral issues, reducing the need for an invasive investigation at the diagnosis stage and driving up sales of digital X-ray equipment.
Furthermore, digital radiography stores patient X-rays securely, resulting in no loss on the part of the holders.
Rising healthcare expenditures made by various governments in order to advance technological advancements in the sector have significantly influenced demand for digital X-ray equipment.
What Factors are Influencing the Digital X-Ray Equipment Market?
The efficiency of electromagnetic radiations that represent clear digital images through digital x-ray equipment is the primary factor driving up sales of digital X-ray equipment.
The increased demand for digital X-ray equipment is also due to faster healthcare delivery, improved workflow, and the safety of digital X-ray radiations for living tissues.
Digital X-ray equipment sales are primarily driven by novel technological advancements, rising healthcare expenditures, an ageing population, and disease prevalence.
The digital X-ray equipment market is also experiencing a highly competitive environment, which has resulted in a large number of improved digital x-ray equipment launches, with key players focusing on increasing their digital X-ray equipment market share.
Moreover, digital x-ray equipment is less expensive yet more efficient than other radiography equipment, in turn driving the demand for digital X-ray equipment.
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As digital X-ray equipment is based on transmission of the x-ray beam, which exposes only the surfaces of the human anatomy under observation, its adoption is expected to broaden, resulting in increased sales of digital X-ray equipment.
What is the Market Size of Digital X-Ray Equipment?
Digital X-ray equipment provides medical imaging at the standard safety radiation dose and is widely used in imaging all human body tissues, which is expected to increase demand for digital X-ray equipment.
Digital X-ray equipment has become a standard part of routine check-ups, resulting in massive sales of digital X-ray equipment.
One of the most promising areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.
Many ongoing research and development programmes have aided various companies in acquiring a large digital X-ray equipment market share in this regard.
Several companies are currently conducting R&D activities to provide AI in various imaging modalities, including digital X-ray systems, in order to increase the market share of digital X-ray equipment.
Who are the Key Players Involved in the Digital X-Ray Equipment Market?
Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, and Agfa-Gevaert N.V. Healthcare are some of the key players in the digital X-ray equipment market.
Other major players in the digital X-ray equipment market include Hitachi Medical Corporation, Toshiba Medical Systems, Fuji Medical Systems, and China Resources Holding Medical Equipment Company Limited.
The competition in the digital X-ray equipment market is primarily driven by technological advances in digital x-ray equipment and digital x-ray equipment pricing.
Technological advancements and the cost of digital X-ray equipment drive demand for digital X-ray equipment.
In addition, to secure a major digital X-ray equipment market share globally, the key players have engaged in various strategic alliances such as acquisitions, collaborations, and the launch of advanced products.
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Segments covered
Application, Technology, End User
Key Segments:
Applications:
- Orthopaedic
- Cancer
- Dental
- Cardiovascular
- Other Applications
By Technology:
- Computed Radiography
- Direct Radiography
- By Portability:
- Fixed Systems
- Portable Systems
By End User:
- Hospitals
- Diagnostic Centres
- Other End Users