We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
GLOBETECH PUBLISHING LLC

Download Mobile App




Global Digital Radiology Market to Surpass USD 8 Billion by 2030 Due to Surge in Chronic Diseases

By MedImaging International staff writers
Posted on 12 Apr 2022
Print article
Image: Global digital radiology market to surpass USD 8 billion by 2030 (Photo courtesy of Unsplash)
Image: Global digital radiology market to surpass USD 8 billion by 2030 (Photo courtesy of Unsplash)

The global digital radiology/radiography market was valued at USD 3.9 billion in 2020 and is expected to record a CAGR of 6.6% from 2021 to 2030 to reach USD 8.3 billion by 2030, driven by a rise in the frequency of chronic diseases, sports-related injuries, and cancer and a surge in age-related disorders. However, the high costs of tests and scarcity of competent professionals could restrain the market growth. Nevertheless, the focus on providing new technologies to end customers, specifically for C-arms and fluoroscopy devices, will present growth opportunities for the market players over the coming years.

These are the latest findings of Allied Market Research (Portland, OR, USA), a market research and business consulting firm.

During the COVID-19 pandemic, there was an increase in the demand for diagnostic imaging procedures to determine the level of infection. There was a need for high-speed workflow and effective patient management during the pandemic. The demand for digital radiology systems increased due to the requirement for rapid image collection and detection of COVID-19. Many companies developed new products to address the increasing need for COVID-19 diagnosis in hospitals and diagnostics centers.

Based on product, the stationary digital radiology system segment held the highest market share in 2020, accounting for nearly three-fifths of the global digital radiology market, and is projected to maintain its dominant share in terms of revenue during the forecast period. This is due to the wide availability of stationary digital radiology systems in almost all diagnostic centers. However, the portable digital radiology system segment is projected to witness the highest CAGR of 7.1% from 2021 to 2030, owing to the development and launch of various instruments for portable purposes.

Based on end-user, the diagnostic clinics segment held the highest market share in 2020, accounting for more than half of the global digital radiology market, and is projected to maintain its leadership position throughout the forecast period. Moreover, the segment is expected to register the highest CAGR of 7.2% during the forecast period due to a surge in awareness and adoption of early diagnosis and treatments.

Geographically, North America held the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global digital radiology market, and is expected to maintain its leadership position until 2030 due to the rapid adoption of advanced technologies and presence of key players in the region. However, the LAMEA region is projected to register the fastest CAGR of 6.4% during the forecast period, owing to an increase in the availability of radiology services and higher healthcare investments.

Related Links:
Allied Market Research 

Gold Supplier
Ultrasound System
FUTUS LE
New
Gold Supplier
Electrode Solution and Skin Prep
Signaspray
New
Wireless Flat Panel Detector
ExamVue 10" x 12" Glassless Substrate Wireless
New
Bladder Scanner
PBSV3.2

Print article
Radcal

Channels

Radiography

view channel
Image: Intelligent NR provides high-quality diagnostic images containing significantly less grainy noise (Photo courtesy of Canon)

AI-Driven DR System Produces Higher Quality Images While Limiting Radiation Doses in Pediatric Patients

Ionizing radiation is a fundamental element in producing diagnostic X-rays, yet it's widely acknowledged for its cancer risk potential. Digital projection radiography, a vital imaging modality, accounts... Read more

MRI

view channel
Image: The researchers are using MRI-guided radiation therapy that pairs daily MRIs with radiation treatment (Photo courtesy of Sylvester)

AI Technique Automatically Traces Tumors in Large MRI Datasets to Guide Real-time Glioblastoma Treatment

Treating glioblastoma, a prevalent and aggressive brain cancer, involves the use of radiation therapy guided by CT imaging. While this method is effective in targeting radiation, it doesn't provide real-time... Read more

Ultrasound

view channel
Image: The new ultrasound patch can measure how full the bladder is (Photo courtesy of MIT)

Ultrasound Patch Designed to Monitor Bladder and Kidney Health Could Enable Earlier Cancer Diagnosis

Bladder dysfunction and related health issues affect millions worldwide. Monitoring bladder volume is crucial for assessing kidney health. Traditionally, this requires a visit to a medical facility and... Read more

Nuclear Medicine

view channel
Image: A novel PET radiotracer facilitates early, noninvasive detection of IBD (Photo courtesy of Karmanos)

New PET Radiotracer Aids Early, Noninvasive Detection of Inflammatory Bowel Disease

Inflammatory bowel disease (IBD), which includes Crohn’s disease and ulcerative colitis, is an inflammatory condition of the gastrointestinal tract affecting roughly seven million individuals globally.... Read more

General/Advanced Imaging

view channel
Image: Artificial intelligence predicts therapy responses for ovarian cancer (Photo courtesy of 123RF)

AI Model Combines Blood Test and CT Scan Analysis to Predict Therapy Responses in Ovarian Cancer Patients

Ovarian cancer annually impacts thousands of women, with many diagnoses occurring at advanced stages due to subtle early symptoms. High-grade serous ovarian carcinoma, which accounts for 70-80% of ovarian... Read more

Imaging IT

view channel
Image: The new Medical Imaging Suite makes healthcare imaging data more accessible, interoperable and useful (Photo courtesy of Google Cloud)

New Google Cloud Medical Imaging Suite Makes Imaging Healthcare Data More Accessible

Medical imaging is a critical tool used to diagnose patients, and there are billions of medical images scanned globally each year. Imaging data accounts for about 90% of all healthcare data1 and, until... Read more
Copyright © 2000-2023 Globetech Media. All rights reserved.