Digital X-ray Devices Global Market Report 2024

The digital x-ray devices market size has grown rapidly in recent years. It will grow from $11.59 billion in 2023 to $13.14 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth observed in the historic period can be attributed to factors such as decreased radiation exposure, improved diagnostic accuracy, enhanced workflow efficiency, government initiatives and regulations, and the transition from analog to digital systems.

The digital x-ray devices market size is expected to see rapid growth in the next few years. It will grow to $21.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The anticipated growth in the forecast period can be attributed to factors such as the adoption of telemedicine and remote imaging, the response to global health emergencies, an emphasis on preventive healthcare, the rise of outpatient imaging services, a shift towards patient-centric imaging, and the global expansion of healthcare infrastructure. Major trends expected in this period include the increased use of mobile and portable x-ray devices, advancements in 3D and cone beam CT imaging, the integration of artificial intelligence, the prevalence of digital radiography (DR) systems, the utilization of dual-energy x-ray systems, and the incorporation of wireless connectivity and cloud-based solutions.

The increasing number of road accident cases is anticipated to drive the growth of the digital X-ray devices market in the coming years. Road accidents, where patients meet the Vittel criteria for the severity of trauma following a motor vehicle crash, create new demand for digital X-ray devices. For example, according to the US federal government, there was a significant spike in road fatalities in the first half of 2021, marking the largest increase ever recorded in its reporting system's history during a six-month period. With more than 20,000 people dying in motor vehicle crashes on U.S. roads, representing a nearly 20% increase from the same period in 2020, the rising number of road accidents is a key driver for the digital X-ray devices market.

The increasing incidence of chronic disorders, particularly cancer, is anticipated to drive the growth of the digital X-ray devices market in the foreseeable future. Chronic disorders, characterized by prolonged duration and often slow progression, necessitate advanced medical imaging for accurate diagnosis and effective management. Digital X-ray devices play a crucial role in cancer care by providing enhanced imaging capabilities, reducing radiation exposure, and improving diagnostic accuracy. As an illustration, in June 2022, data from the U.K. government's National Health Service (NHS) in England revealed that approximately 3.44 million imaging tests were conducted, with Plain Radiography (X-ray) being the most common, accounting for around 1.71 million tests. This underscores the pivotal role of digital X-ray devices in addressing the healthcare needs associated with chronic disorders such as cancer.

Technological advancements, particularly the integration of artificial intelligence (AI), are a prominent trend in the digital X-ray devices market. The incorporation of AI presents opportunities for the application of digital X-ray devices in various medical scenarios. AI is leveraged to enhance the capabilities of digital X-ray devices, enabling the detection of abnormalities and reducing diagnostic errors. An example of this trend is evident in the launch of GE Healthcare's Definium Tempo in September 2021 - a fixed Overhead Tube Suspension (OTS) digital X-ray system. Designed as a personal assistant for radiologists and technologists, this system utilizes automation to streamline workloads and support radiology departments in delivering optimal patient care.

Major companies in the digital X-ray devices market are actively pursuing strategic partnerships to fortify their positions in the industry. These strategic alliances involve legal relationships formed between two or more entities, allowing them to share ownership, risks, and rewards in a collaborative business venture. As an illustration, in October 2021, Samsung, a South Korean electronics manufacturer, collaborated with VUNO, a South Korean AI medical software firm. This partnership aimed to integrate VUNO's AI-assisted solutions into Samsung's ceiling-type digital radiography system. Through this collaboration, Samsung sought to offer the VUNO Med-Chest X-ray solution as an adjunct to its mobile and ceiling-type digital X-ray systems, enhancing the capabilities of its products for customers in Korea, Europe, and other key markets globally.

Siemens Healthineers, a German medical device company, completed the acquisition of Varian in April 2021 for an undisclosed amount. This strategic move aimed at establishing a robust presence in cancer care and the healthcare system. By joining forces, the companies intended to become a reliable partner capable of supporting clients and patients across the entire cancer care continuum and across various therapeutic pathways. Varian, the acquired company, is a UK-based manufacturer of X-ray devices.

Major companies operating in the digital x-ray devices market report are Bracco Imaging S.p.A., Samsung Medison, Esaote SpA, Hitachi Ltd., Canon Inc., Siemens Healthcare GmbH, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., GE Healthcare, Villa Sistemi Medicali S.p.A., Konica Minolta, Agilent Technologies, Hologic Inc., Toshiba Medical Systems Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Dentsply Sirona, Shimadzu Corporation, PerkinElmer Inc., Varian Medical Systems, Carestream Health, Agfa-Gevaert Group, Varex Imaging Corporation, Planmeca Oy, Gendex Dental Systems, Analogic Corporation, KaVo Dental, Midmark Corporation, Acteon Group, J. Morita Corporation, Ziehm Imaging GmbH, General Medical Merate S.p.A., MinXray Inc.

North America was the largest region in the digital X-ray devices market share in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the digital x-ray devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the digital x-ray devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Digital X-ray technology encompasses direct radiography and computed radiography. Direct digital radiography (DDR) involves the immediate digital registration of images at the detector, eliminating the need for intermediate processing steps found in computed radiography (CR). Devices come in various portabilities, ranging from handheld and portable systems to mobile, floor-to-ceiling mounted, ceiling-mounted, and fixed digital X-ray systems. Applications of digital X-ray devices include general radiography, chest imaging, orthopedics, cardiovascular imaging, dental applications, mammography, cancer detection, and fluoroscopy. These technologies cater to end-users such as hospitals, diagnostic centers, and dental care facilities.

The digital X-ray market research report is one of a series of new reports that provides digital X-ray market statistics, including digital X-ray industry global market size, regional shares, competitors with a digital X-ray market share, detailed digital X-ray market segments, market trends and opportunities, and any further data you may need to thrive in the digital X-ray industry. This digital X-ray market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The digital x-ray devices market consists of the sales of intraoral x-ray sensors, digital panoramic x-rays, dental cone beam systems, and phosphor plate x-ray systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.