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

Download Mobile App




Events

ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

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 Transducer/Probe Cleaner
Transeptic Cleaning Solution
New
Digital Radiography System
Moviplan iC DR
New
High Frequency X-Ray Generator
SHFR
New
Mobile Radiography System
NeuVision 550M (Plus)

Print article

Channels

MRI

view channel
Image: New scan measures tumor oxygen levels in real-time to help guide treatment (Photo courtesy of ICR)

Oxygen-Enhanced MRI Technology Allows Cancer Doctors to See Inside Tumors

Since the 1950s, researchers have been aware of the difficulty in effectively treating tumors deprived of oxygen, a problem that is further exacerbated when treating them with radiotherapy.... Read more

Ultrasound

view channel
Image: New focused ultrasound is effective for treating Parkinson’s, movement disorders (Photo courtesy of Pexels)

New Focused Ultrasound Treatment Proves Effective for Parkinson’s Disease Patients

Parkinson's disease is a neurological condition characterized by the loss of dopamine neurons within the brain. While medications such as levodopa can be effective in managing this condition, some patients... Read more

Nuclear Medicine

view channel
Image: Tracking radiation treatment in real time promises safer, more effective cancer therapy (Photo courtesy of Pexels)

Real-Time 3D Imaging Provides First-of-Its-Kind View of X-Rays Hitting Inside Body During Radiation Therapy

Radiation is used in treatment for hundreds of thousands of cancer patients each year, bombarding an area of the body with high energy waves and particles, usually X-rays. The radiation can kill cancer... Read more

General/Advanced Imaging

view channel
Image: Viz.ai is the first to receive FDA 510(k) clearance for an AI algorithm for abdominal aortic aneurysm (Photo courtesy of Pexels)

AI Algorithm Flags and Triages Suspected Abdominal Aortic Aneurysms from Chest CT Scans

An abdominal aortic aneurysm (AAA) denotes a bulge in the abdominal aorta, the chief artery that transfers blood from the heart to other parts of the body. If not detected and treated in time, AAA can... 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.