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Digital X-ray Market to Reach USD 13 Billion by 2023

By Medimaging International staff writers
Posted on 18 Sep 2018
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Image: The digital x-ray market is expected to grow from over 8 billion in 2018 to more than 13 billion by 2023 (Photo courtesy of Carestream Health).
Image: The digital x-ray market is expected to grow from over 8 billion in 2018 to more than 13 billion by 2023 (Photo courtesy of Carestream Health).
The digital X-ray market is expected to grow at a CAGR of 8.5% from USD 8.68 billion in 2018 to USD 13.04 billion by 2023, driven by a growing geriatric population and resultant increase in the incidence of global diseases, favorable regulations and government initiatives & investments, increased advantages of digital X-ray systems, and technological advancements and product development.

These are the latest findings of MarketsandMarkets (Northbrook, IL, USA), a global market research company.

Based on application, the general radiography segment is expected to account for the largest share of the digital X-ray market in 2018, led mainly by the rising prevalence of diseases such as tuberculosis, osteoporosis, and CVD, an increasing aging population, and product launches. Based on technology, the direct radiography segment is expected to register the highest CAGR during the forecast period due to the advantages offered by direct radiography systems, such as effective dynamic range, better contrast detectability, better medical evaluation, superior and more accurate images, reduced radiation exposure for patients and workers, flexibility in image management, improved patient throughput, superior evaluation of data and images, and lower operational costs.

Geographically, North America is expected to dominate the global digital X-ray market in 2018 due to strong economies in the US and Canada, which have witnessed significant investments in new technologies. Europe is expected to hold the second-largest share of the global digital X-ray market in 2018 on account of the increasing prevalence of diseases, growing geriatric population, favorable reimbursement scenario in several countries, and easy access to and affordability of quality healthcare technologies and solutions in the region.

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