Global digital radiology devices market expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 8146.54 million in 2018 and is projected to grow at a CAGR of 10.8% over the forecast period.
The global digital radiology devices market is growing at a rapid pace, the major factors influencing the growth of the market include; increasing geriatric population, increasing prevalence of chronic and dental diseases. Cardiovascular imaging, chest imaging, and dental imaging have been few of the major application of digital radiology device.
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Chronic diseases and conditions are increasing rapidly worldwide. According to the World Health Organization (WHO), the amount of the burden of chronic diseases is expected to increase to 60% by 2020, and 79% of deaths due to these diseases would occur in developing countries. This increasing chronic disease is influencing the growth of the market.
Moreover, dental imaging has also been one of the fastest growing segments for digital radiology market. Dental Imaging and digital radiology have been a preferred imaging methodology for comprehensive orthodontic treatment all around the globe. The data acquired from digital radiology imaging provides numerous substantial advantages in orthodontic procedures. For instance, digital radiology device gives precise measurements, enhances localization of impacted teeth, gives a visualization of airway abnormalities, it recognizes and measures asymmetry, it can be utilized to survey periodontal structures, to distinguish endodontic issues and various others. This increasing popularity of digital radiology devices in the field of orthodontics is further influencing the growth of the global digital radiology devices market.
The global digital radiology devices market has been segmented into type, method, application, and end user.
Based on type, market segmented into stationary digital radiology systems, (Ceiling-mounted systems, Floor-to-ceiling mounted systems) and portable digital radiology systems (Handheld radiology systems, Mobile radiology systems)
On the basis of method, the market is segmented into computed radiography (CR) and direct radiography (DR)
Based on application, the digital radiology devices market is segmented into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others.
Based on end user, the digital radiology devices market is segmented into hospitals & clinics, Diagnostic centers, and others.
Some of the major players operating in the global digital radiology devices market are Fujifilm Holdings Corporation, Agfa-Gevaert Group, Canon Inc, Carestream Health Inc, Koninklijke Philips N.V., Siemens, Varian Medical Systems, Inc, Shimadzu Corporation, Hologic, Nucleotech Medical Systems International Limited, Protec GmbH & Co. KG, General Electric Company, Hitachi, Ltd., Konica Minolta, Inc,
Geographically the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Geographically, the Americas is anticipated to dominate the global digital radiology devices market owing to the presence of the major manufacturers, huge patient population, high healthcare expenditure, increasing adoption of technologically advanced devices. Europe is expected to hold the second largest position in the global digital radiology devices market. Asia-Pacific is the fastest growing digital radiology device market owing to the increasing need for better imaging devices, rapidly improving technology and the presence of a huge patient pool. The Middle East and Africa market for digital radiology device is expected to grow at a steady.