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stanley_imarc
stanley_imarc
26 Nov 2024 10:05

Global Digital Radiology Market Statistics: USD 5.0 Billion Value by 2033

Summary:

  • The global digital radiology market size reached USD 3.3 Billion in 2024.
  • The market is expected to reach USD 5.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4.23% during 2025-2033.
  • North America leads the market, accounting for the largest digital radiology market share.
  • Based on the product, the market has been bifurcated into stationary digital radiology system and portable digital radiology system.
  • On the basis of the application, the market has been divided into cardiovascular imaging, chest imaging, dental imaging, digital mammography, orthopedic imaging, and others.
  • Direct digital radiology holds the largest share in the digital radiology industry.
  • Diagnostic clinics represent the leading end user segment.
  • The rising prevalence of chronic diseases is a primary driver of the digital radiology market.
  • Technological advancements and the growing demand for minimally invasive (MI) procedures are reshaping the digital radiology market.

Industry Trends and Drivers:

  • Rising prevalence of chronic diseases:

The rise in chronic diseases like cancer, heart disorders, and musculoskeletal issues is boosting the market. These conditions need regular imaging for diagnosis and treatment, making digital radiology vital. It's quick and accurate, becoming the top choice for doctors. This method offers faster images, detailed diagnostics, and quick results, crucial for urgent cases. Moreover, the ease of storing and sharing images online improves patient care by aiding consultations and second opinions.

  • Technological advancements in imaging equipment:

New technologies are making digital radiology much better. Advances in detectors, imaging, and the use of artificial intelligence (AI) and machine learning (ML) are key. AI and ML help analyze images automatically. This cuts down on errors and improves accuracy, vital for complex diagnoses. AI also speeds up the imaging process, leading to quicker diagnoses and easing the load on radiologists. Furthermore, digital radiology is moving towards cloud storage. This makes accessing images easier and boosts collaboration among healthcare workers. Also, portable and wireless systems are on the rise, bringing advanced imaging to remote areas.

  • Growing demand for minimally invasive (MI) procedures:

The rise in popularity of minimally invasive (MI) procedures is boosting the use of digital radiology. Both patients and doctors aim to cut recovery time, reduce complications, and lower costs. This trend is driving the shift towards MI techniques. These procedures need precise imaging for guidance, highlighting the importance of high-quality digital radiology. Digital radiology provides real-time images, aiding doctors in making better decisions during complex surgeries. It also creates detailed 3D images, improving the accuracy of these interventions. This trend is especially notable in orthopedic surgeries, cardiovascular treatments, and interventional radiology, where precise imaging is key to success.

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Digital Radiology Market Report Segmentation:

Breakup By Product:

  • Stationary Digital Radiology System
  • Portable Digital Radiology System

Based on the product, the market has been bifurcated into stationary digital radiology system and portable digital radiology system.

Breakup By Application:

  • Cardiovascular Imaging
  • Chest Imaging
  • Dental Imaging
  • Digital Mammography
  • Orthopedic Imaging
  • Others

On the basis of the application, the market has been divided into cardiovascular imaging, chest imaging, dental imaging, digital mammography, orthopedic imaging, and others.

Breakup By Technology:

  • Direct Digital Radiology
  • Computed Digital Radiology

Direct digital radiology holds the biggest market share owing to its superior image quality and faster processing times compared to traditional methods.

Breakup By End User:

Digital Radiology Market Segments by End User

  • Diagnostic Clinics
  • Hospitals
  • Others

Diagnostic clinics account for the majority of the market share, as they are the primary centers for radiological examinations.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

North America dominates the market due to advanced healthcare infrastructure and the early adoption of innovative imaging technologies.

Top Digital Radiology Market Leaders:

The digital radiology market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

Digital Radiology Market Key Players

  • Acteon India Pvt. Ltd.
  • Agfa-Gevaert N.V. (Interessengemeinschaft Farbenindustrie AG)
  • Canon Inc.
  • FUJIFILM Holdings Corporation
  • General Electric Company
  • Hologic Inc.
  • Konica Minolta Inc.
  • Koninklijke Philips N.V.
  • MinXray Inc
  • Shimadzu Corporation
  • Siemens Healthineers AG (Siemens AG)
  • Swissray International Inc. (Swissray Global Healthcare)

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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