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Digital X-ray Market by Application, Technology, Portability, System, End User, Price - Global Forecast to 2023

Digital X-ray Market by Application, Technology, Portability, System, End User, Price - Global Forecast to 2023

  • September 2018
  • 202 pages
  • ID: 3607250
  • Format: PDF
  • MarketsandMarkets

Summary

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The global digital X-ray market is projected to grow at a CAGR of 8.5%
The digital X-ray market is expected to reach USD 13.04 billion by 2023 from USD 8.68 billion in 2018, at a CAGR of 8.5%. The increasing geriatric population and the subsequent growth in global disease incidence, favorable regulations and government initiatives & investments, the advantages of digital X-ray systems, and technological advancements and product development are driving the growth of the digital X-ray market. On the other hand, market growth may be hindered due to high cost of digital X-ray systems.

Fixed digital X-ray systems are expected to hold the largest share of the market in 2018.
Based on portability, the digital X-ray market is segmented into fixed digital X-ray systems and portable digital X-ray systems. The fixed digital X-ray systems segment is expected to dominate this market with the largest share due to the availability of cost-effective solutions and the wide application of these systems in diagnostics.

Retrofit digital X-ray systems are expected to hold the largest share of the market in 2018
Based on system, the digital X-ray market is segmented into categories—new digital X-ray systems and retrofit digital X-ray systems.The retrofit systems segment is expected to account for the largest share of the digital X-ray market in 2018.

Retrofit systems are a more cost-effective alternative to purchasing new digital X-ray systems. As a result, their demand is high among end users.

Asia to witness high growth during the forecast period
In 2018, North America is expected to account for the largest share of the market followed by Europe.However, Asia is expected to register the highest CAGR during the forecast period.

The high growth in this segment is attributed to the growing geriatric population, particularly in Japan; increasing disposable incomes, allowing for greater affordability to advanced technologies; the rising prevalence of target diseases; and favorable government initiatives.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1–37%; Tier 2–38%; Tier 3–25%.
• By Designation: C-level–34%; D-level - 25%; others - 41%.
• By Region: North America–24%; Europe–32%; Asia–28%; RoW–16%.

List of companies profiled in the report
• Canon Inc. (Japan)
• Carestream Health (US)
• Fujifilm Corporation (Japan)
• GE Healthcare (US)
• Hitachi Ltd. (Japan)
• Hologic, Inc. (US)
• Philips Healthcare (Netherlands)
• Shimadzu Corporation (Japan)
• Siemens Healthineers (Germany)
• Konica Minolta, Inc. (Japan)
• Samsung Medison Co., Ltd. (Korea)
• Agfa Gevaert (Belgium)

Research Coverage:
The report provides an overview of the digital X-ray market.It aims at estimating the market size and future growth potential of this market across different segments—applications, technology, portability, system, end user, price range, and region.

Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenue for the overall digital X-ray market and its subsegments.This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers, restrains and opportunities.

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