Fior Markets launched a study titled “Global Digital X-ray Market by Type, Technology (Computed Radiography, Direct Radiography), Portability, System, Price, Application, End User, Region” and Global Forecast 2018-2025.
The global digital X-raymarket is expected to reach USD 8.66 Billion in 2017 to USD 18.07 Billion by 2025 at a CAGR of 10.24%during the forecast periodfrom 2018-2025. Increasing demand for effective diagnostic imaging techniques coupled with rise in incidences of chronic diseases are driving the market.
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Digital X-ray segment is dominating and held largest market share of 53.10% in 2017
The type segment is classified into analog X-Ray and digital X-Ray. Increasing elderly population and rising disease incidences are contributing to the growth of the segment.
The direct radiography segment is expected to dominate and was valued around USD 4.38 billion in 2017
Technology segment is divided into direct radiography and computed radiography. The benefits associated with the use of direct radiography systems include effective dynamic and reduced radiation exposure for patients and workers.
Fixed digital X-ray systems is expected to grow with the highest CAGR of 12.58% in the forecast period
Portability segment is bifurcated into fixed digital X-ray systems and portable digital X-ray systems. Fixed digital X-ray systems is expected to grow with the highest CAGR of 12.58% in the forecast period. The availability of cost-effective solutions isdriving the growth.
The retrofit digital X-ray systems segment is anticipated to hold the largest share of 57.12% in 2017
System segment is divided into new and retrofit digital X-ray systems. The retrofit digital X-ray systems segment is anticipated to hold the largest share of 57.12% in 2017. These are more cost-effective alternative than new digital X-ray systems.
The general radiography segment is dominating and was valued around USD 4.04 billion in 2017
The application segment includes general radiography, dental applications, fluoroscopy, and mammography. The general radiography segment is dominating and was valued around USD 4.04 billion in 2017. The rising prevalence of diseases like CVD, tuberculosis, osteoporosis is contributing to the growth of the segment.
The hospitals segment is expected to witness the highest CAGR of 12.91% during the forecast period
End user segment is classified into diagnostic centers and hospitals. The hospitals segment is expected to witness the highest CAGR of 12.91% during the forecast period. Growing adoption of digital X-rays in hospitals is promoting the growth of this segment.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. NorthAmerica region dominated the marketand held the largest market share of 49.21%in 2017. High adoption of advanced technologies and improved infrastructure in healthcare facilities in the region.
Major industry players in the market include Carestream Health, Canon Inc., GE Healthcare, Fujifilm Corporation, Hitachi Ltd., Philips Healthcare, Hologic, Inc., Shimadzu Corporation, Siemens Healthineers, Konica Minolta, Inc., Samsung Medison Co., Ltd., Agfa Gevaertamong others.