Digital Radiography Market Report: Trends, Forecast and Competitive Analysis [2023-2028]

Trends, opportunities, and forecast in the global digital radiography market to 2028 by product (direct radiography and computed radiography), type (dynamic and static), application (chest imaging, cardiovascular imaging, dental, orthopedic, mammography, and others), end-user (diagnostic centers, hospital, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Publisher: Lucintel Published: January 2023
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Digital Radiography Market Report: Trends, Forecast and Competitive Analysis [2023-2028]

Report Feature

Digital Radiography Market Trends and Forecast

 
The future of the global digital radiography market looks promising with opportunities in the chest imaging, cardiovascular imaging, dental, orthopedic, and mammography applications. The global digital radiography market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are growing number of cancer and dental disorder diseases, rise in incidence of sports-related injuries, and rising geriatric population. 
Digital Radiography Market by Product, Type, Application, and End User
 
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. 
Digital Radiography Market by Segments

Digital Radiography Market by Segment

The study includes a forecast for the global digital radiography market by product, type, application, end-user, and region, as follows:

Digital Radiography Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Direct Radiography
  • Computed Radiography

Digital Radiography Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Dynamic
  • Static

Digital Radiography Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Chest Imaging
  • Cardiovascular Imaging
  • Dental
  • Orthopedic
  • Mammography
  • Others

Digital Radiography Market by End-User [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Diagnostic Centers
  • Hospital
  • Others

Digital Radiography Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Digital Radiography Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies digital radiography companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the soft magnetic composite’s companies profiled in this report include. 

Digital Radiography Market Insights

  • Lucintel forecasts that direct radiography will remain the largest segment over the forecast period due to better contrast detectability, better medical evaluation, and superior & more accurate image capture. Additionally, it offers high image quality due to its use in flat panel detectors that directly produce digital images.
  • Within this market, cardiovascular imaging is expected to remain the largest segment as X-rays identify heart enlargement, which is due to heart failure or heart valve disease and are helpful in the diagnosis of constrictive pericarditis by identifying calcium deposits of the sac that envelops the heart.
  • APAC will remain the fastest growing region due to growing geriatric population particularly in Japan, increasing disposable incomes, allowing for greater affordability of advanced technologies, and the rising prevalence of target diseases.

Features of the Digital Radiography Market

  • Market Size Estimates: Digital radiography market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Digital radiography market size by various segments, such as product, type, application, end-user, and region.
  • Regional Analysis: Digital radiography market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product, type, application, end-user, and regions for the digital radiography market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the digital radiography market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the digital radiography market size?
Answer: The global digital radiography market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for digital radiography market?
Answer: The global digital radiography market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the digital radiography market?
Answer: The major drivers for this market are growing number of cancer and dental disorder diseases, rise in incidence of sports-related injuries, and rising geriatric population. 
Q4. What are the major segments for digital radiography market?
Answer: The future of the digital radiography market looks promising with opportunities in the chest imaging, cardiovascular imaging, dental, orthopedic, and mammography applications.
Q5. Who are the key digital radiography companies?
Answer: Some of the key digital radiography companies are as follows:
  • Agfa-Gevaert Group
  • Carestream Health
  • Fujifilm Holdings Corporation
  • Hitachi
  • General Electric Company
  • Koninklijke Philips
  • Konica Minolta
  • Varian Medical Systems
  • Siemens Aktiengesellschaft
  • Canon
Q6. Which digital radiography segment will be the largest in future?
Answer: Lucintel forecasts that direct radiography will remain the largest segment over the forecast period due to better contrast detectability, better medical evaluation, and superior & more accurate image capture. Additionally, it offers high image quality due to its use in flat panel detectors that directly produce digital images.
Q7. In digital radiography market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the fastest growing region due to growing geriatric population particularly in Japan, increasing disposable incomes, allowing for greater affordability of advanced technologies, and the rising prevalence of target diseases.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

Table of Contents

1. Executive Summary

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • What are some of the most promising, high-growth opportunities for the digital radiography market by product (direct radiography and computed radiography), type (dynamic and static), application (chest imaging, cardiovascular imaging, dental, orthopedic, mammography, and others), end-user (diagnostic centers, hospital, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the market?
  • What are the new developments in the market? Which companies are leading these developments?
  • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to digital radiography market or related digital radiography companies, digital radiography market size, digital radiography market share, digital radiography analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
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