Recent technological advancements are expected to enhance the global digital radiography market significantly: high-precision machines can produce world-class images for easier treatment and diagnostics.
With a CAGR of 5%, it will grow from $ 1.9 billion in 2018 to $ 3 billion by the end of 2026. So argues Strategic Market Research.
Also, read - https://www.strategicmarketresearch.com/market-report/digital-x-ray-devices-market
Due to their capacity to transport medical images to a computer or any other device, digital radiography provides for rapid diagnosis and image identification, according to Bhat.
The global digital radiography market is expected to rise substantially over the forecast period, as people worldwide need speedier ways to treat and diagnose their injuries and illnesses.
One of the main drivers of digital radiography's growth is the growing older population.
Digital radiography
According to a report published by Fortune Business Insights, the market's profitability will rise as the older population grows.The elderly are the most vulnerable to chronic disease of all age groups as their immune system deteriorates. Furthermore, extended diseases limit their movement, making it difficult for them to travel to hospitals, diagnostic centres, or clinics.
Philips has been given the go light.
Philips gained FDA certification for its ProxiDiagnost N90 product in 2018, according to Bhat. This gadget is the first of its type, a digital radiography fluoroscopy system intended for high-precision diagnosis and medical imaging.
The ProxiDiagnost N90 enables rapid diagnosis while also allowing for the acquisition of high-quality radiographic images. A flat panel X-ray detector is used to power the gadget.
The gadget also does the job of numerous frames while operating within a single frame, thanks to its high efficiency. Furthermore, the company claims that using the grid-control fluoroscopy (GCF) technology, patients' dose rates will be reduced by up to 68 percent.
Because of the product's early success, it's extremely possible that it will be widely accepted in the following years. Bhat anticipates that other current products will follow ProxiDiagnost N90's success.
The digital radiography market
According to the researcher, North America topped the worldwide digital radiography market in 2018, generating $ 666.5 million in revenue. As a result of regulatory restrictions in the United States limiting reimbursement for analogue imaging, a growing number of healthcare facilities are switching to digital equipment. From 2019 to 2026, Asia Pacific is predicted to have a higher CAGR, thanks to China.
In addition to Philips, significant players in the worldwide digital radiography market in 2018 included Varex Imaging, Agfa-Gevaert, and Fujifilm Holdings America Corporation. A wide product portfolio and a solid global distribution network were cited as major reasons for these companies' supremacy.
According to Fortune Business Intelligence, additional competitors in the global digital radiography market are focusing on developing new products at accessible rates to compete with industry leaders. In 2018, they accounted for more than half of the global market, along with Konica Minolta Business Solutions USA and Canon USA.
KA Imaging, Imaging Dynamics Company, Detection Technology, Hamamatsu Photonics, and Teledyne Digital Imaging are some of the other companies in the worldwide digital radiography industry.
Portable radiography
The transition to digital radiography emphasises the fact that traditional film-based image processing has significant limitations. Long processing times, ineffective diagnoses, and ambiguous photos were among the downsides.
Furthermore, certain film X-ray imaging machines took up a lot of areas and were naturally difficult to transport. As a result, the requirement for and demand for portability was a major element in the digital radiography market's expansion.
As a result of these issues, there was a demand for a portable radiography apparatus that could be taken to patients rather than vice versa. Digital radiography equipment can achieve all of these requirements, and as a result, it is widely used by end-users around the world.
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