The global Digital X Ray Machine Market is expected to grow at a rapid CAGR of 7.8% during the forecast period, reaching a market size of USD 10.35 billion by 2032. The increasing prevalence of chronic diseases, rising geriatric population, and technological developments in the healthcare sector are some of the major factors driving market revenue growth. The use of digital X-ray systems in hospitals, diagnostic facilities, and clinics is increasing because of the advantages they have over conventional X-ray systems, including better image quality, less radiation exposure, and quicker image processing.
The need for digital X-ray equipment is increasing due to the rising elderly population, who are more prone to chronic illnesses that frequently call for imaging testing. Technological improvements, such as wireless and portable X-ray systems, as well as digital X-ray systems with Artificial Intelligence (AI) capabilities, are also encouraging healthcare facilities to use them. However, the high cost of digital X-ray systems, the scarcity of qualified workers, and the requirement for ongoing maintenance and calibration are major factors that could restrain market revenue growth. Based on product type, the global Digital X Ray Machine Market is segmented into Computed radiography (CR) and Direct Radiography (DR).
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The DR segment accounted for the largest revenue share in the global Digital X Ray Machine Market in 2022, while the CR segment is expected to account for a significantly large revenue share during the forecast period. Based on application, the diagnostics segment is expected to register a steady fast revenue growth rate in the global Digital X Ray Machine Market during the forecast period.
The U.S. Food and Drug Administration (FDA), the U.S. Centers for Medicare & Medicaid Services (CMS), the U.S. Occupational Safety and Health Administration (OSHA), and the International Electrotechnical Commission (IEC) have established safety standards, performance requirements, and minimum safety requirements for the design and manufacture of medical imaging equipment including digital X-ray imaging systems.
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Some key companies operating in the global Digital X Ray Machine Market include:
- GE Healthcare
- Siemens Healthineers
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Fujifilm Holdings Corporation
- Agfa-Gevaert N.V.
- Shimadzu Corporation
- Carestream Health, Inc.
- Hitachi, Ltd.
- Samsung Medison Co., Ltd.
These companies are involved in developing and manufacturing digital X-ray systems, and are constantly innovating to introduce new and improved products to meet the growing demand for advanced medical imaging technologies. They also engage in strategic partnerships, collaborations, and acquisitions to expand their market reach and enhance their product offerings.
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