London, May 09, 2023 (GLOBE NEWSWIRE) — The International Osteoporosis Foundation estimated around 8.9 million fractures every year, due to osteoporosis alone. There has been alarming rise in the prevalence of several other orthopedic conditions over the recent past that continues to grow with glaring numbers each year. With growing demand for effective diagnosis and treatment in case of orthopedic conditions, the need for an efficient imaging technology also continues to soar. The global digital radiology market is expected to grow strong amidst an increasing number of orthopedic surgical procedures, and growing cases of injury due to deteriorating lower bone density. The other major conditions that uphold the market growth include rheumatoid arthritis, osteoarthritis, cancers, and musculoskeletal illnesses. The year of 2020, despite pandemic-related limitations saw nearly 99,333 major orthopaedic procedures (NCBI). In its new upcoming study, Fairfield Market Research intends to provide valued insight into how the growth of the digital radiology market will unfold over the near term.
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Insights into Segmentation Analysis
Throughout the period of assessment, the portable X-ray devices segment is projected to retain lead in the digital radiology market space. The compact, portable features of these devices, and widespread availability are likely to uphold the dominance of the segment in terms of sales. With growing awareness about how the portable X-ray machines can reach even the most remote locations to overcome life-threatening situations by ensuring prompt care in form of on-the-spot diagnosis, the demand will continue to rise high. The study also reports frequent new launches in the portable X-ray equipment category.
Insights into Regional Analysis
The US has been on an accelerating transformation from the conventional imaging technologies to their digital counterparts. The growing need for precise, early diagnosis to arrive at the appropriate treatment methods is expected to continue driving the growth of digital radiology market here. North America’s prospects are thus likely to remain on an uptrend through the next few years. The Arthritis Foundation reported in 2021 that approximately 1.5 million people in the US alone are living with rheumatoid arthritis, especially the women in the age group of 30-60 years. The demand for advanced technology imaging is therefore projected to be higher in this region. In addition to the sophisticated healthcare infrastructure, the market here will benefit from the rise of innovative thin client 3D viewers.
On the other hand, the digital radiology market of Asia Pacific reflects strong growth in attractiveness over the years to come. Increasing availability of high-quality healthcare services, and surging healthcare spending of governments, as well as consumers will majorly contribute toward the growth of Asia Pacific’s digital radiology market. Besides, an expanding elderly population, and swelling chronic disease burden further underpin faster growth of the digital radiology market in the region. The primary findings of the report also suggest a significant role of the growing number of cases of orthopedic conditions in market build-up.
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Key Competitors in Global Digital Radiology Market Space
GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Canon, Inc., FUJIFILM Holdings Corporation, Carestream Health, Shimadzu Corporation, Samsung Medison, Hologic Inc., Agfa-Gevaert Group, Shenzhen Mindray Bio-Medical Electronics Co., Konica Minolta, Varex Imaging Corporation, ACTEON (France), and MinXray, Inc. represent some of the significant players leading the competition landscape of global digital radiology market.
Global Digital Radiology Market is Segmented as Below:
By Type
- Analog X-ray Systems
- Digital X-ray Systems
By Application
- General Radiography
- Chest Imaging Applications
- Orthopedic Applications
- Cardiovascular Imaging
- Other General Radiography Applications
- Dental Applications
- Mammography
- Cancer
- Fluoroscopy
By Technology
- Direct Radiography
- Computed Radiography
By Portability
- Fixed Digital X-ray Systems
- Floor-to-Ceiling-Mounted Systems
- Ceiling-Mounted Systems
- Portable Digital X-ray Systems
- Mobile X-ray Systems
- Handheld X-ray Systems
By Systems
- Retrofit Digital X-ray Systems
- New Digital X-ray Systems
By End Users
- Hospitals
- Diagnostic Centers
- Dental Care Centers
By Price Range
- Low-End Digital X-ray Systems
- Mid-Range Digital X-ray Systems
- High-End Digital X-ray Systems
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
Key Elements Included In The Study: Global Digital Radiology Market
- Digital Radiology Market by Product/Technology/Grade, Application/End-user, and Region
- Executive Summary (Opportunity Analysis and Key Trends)
- Historical Market Size and Estimates, Value, 2018 – 2021
- Market Value at Regional and Country Level, 2022 – 2029
- Market Dynamics and Economic Overview
- Market Size in Value, Growth Rates, and Forecast Figures, 2022 – 2029
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
- Regional and Product/Grade/Application/End-user Price Trends Analysis
- Value Chain and Five Force’s Analysis
- Regional/Sub-region/Country Market Size and Trend Analysis
- Company Market Share Analysis and Key Player Profiles
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/digital-radiology-market/more-information
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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