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


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 

Print article



view channel
Image: The Definium 656 HD is the company’s most advanced fixed X-ray system yet (Photo courtesy of GE Healthcare)

Next-Gen X-Ray System Brings ‘Personal Assistant’ to Radiology Departments

X-ray imaging often provides the entry point to diagnostic imaging - accounting for 60% of all imaging studies conducted. As a result, X-ray technologists, radiologists and radiology administrators are... Read more


view channel
Image: The new device can better measure blood flow and oxygenation in the placenta (Photo courtesy of University of Pennsylvania)

Novel Method Combines Optical Measurements with Ultrasound for Monitoring ‘Engine’ of Pregnancy

The placenta, considered as the “engine” of pregnancy, is an organ that plays a crucial role in delivering nutrients and oxygen to the fetus. Placental dysfunction can lead to complications such as fetal... Read more

General/Advanced Imaging

view channel
Image: Radiologists would prefer AI-based decision support during screening mammography interpretation (Photo courtesy of Pexels)

Most Radiologists Want to Adopt AI Tools into Clinical Practice, Finds Study

Artificial intelligence (AI) may improve cancer detection and risk prediction during mammography screening, but radiologists’ preferences regarding its characteristics and implementation are unknown.... Read more

Imaging IT

view channel

Global AI in Medical Diagnostics Market to Be Driven by Demand for Image Recognition in Radiology

The global artificial intelligence (AI) in medical diagnostics market is expanding with early disease detection being one of its key applications and image recognition becoming a compelling consumer proposition... Read more
Copyright © 2000-2022 Globetech Media. All rights reserved.