Global Digital X-Ray Systems Market Size, Share and Forecast 2026 | TechSci Research

GLOBAL DIGITAL X-RAY SYSTEMS MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

2

Scope of ReportProduct of Interest (POI): Digital X-ray Systems

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

Digital radiography is a form of radiography that uses x-ray–sensitive plates todirectly capture data during the patient examination, immediately transferring itto a computer system without the use of an intermediate cassette.

Market Segmentation

END USERS

• Hospitals & Clinics

• Diagnostic Centers

• Others

REGION

• Europe

• North America

• South America

• Middle East & Africa

• Asia Pacific

TECHNOLOGY

MODALITY

• Fixed

• Mobile

• Computed Radiography

• Direct Radiography

DIGITAL X-RAY SYSTEMS MARKET

APPLICATION

• General Radiography

• Dental Applications

• Mammography

• Others

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Table of Contents

S. No. ContentsPage No.

1. Product Overview (Definition of product and major terminologies used in the report)

2. Research Methodology (Detailed description of the methodology used to conduct the research, Rawdata backup, list of all secondary sources, List of respondents for primary surveys)

3. Impact of COVID-19 on Digital X-ray Systems Market

4. Executive Summary (This chapter covers summary of the complete study.)

5. Voice of Customer (Brand Awareness, Vendor Satisfaction Analysis, Factors Influencing Purchase Decision)

6.

Global Digital X-ray Systems Market Outlook, 2016-2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.)

6.1. Market Size & Forecast

6.1.1. By Value (USD) & Volume (Units)

6.2. Market Share & Forecast

6.2.1. By Technology (Computed Radiography v/s Direct Radiography)

6.2.2. By Modality (Fixed v/s Mobile)

6.2.3. By Application (General Radiography, Dental Applications, Mammography, Others)

6.2.4. By End Users (Hospitals & Clinics, Diagnostic Centers, Others)

6.2.5. By Company (2020)

6.2.6. By Region

6.3. Product Market Map

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Table of Contents

S. No. Contents Page No.

7. Asia-Pacific Digital X-ray Systems Market Outlook




7.2.1. By Technology

7.2.2. By Modality

7.2.3. By Application

7.2.4. By End Users

7.2.5. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Digital X-ray Systems Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value (USD)

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Technology

7.3.1.2.2. By Modality

7.3.1.2.3. By Application

7.3.1.2.4. By End Users

7.3.2. India Digital X-ray Systems Market Outlook


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Table of Contents








7.3.3. Japan Digital X-ray Systems Market Outlook








7.3.4. South Korea Digital X-ray Systems Market Outlook




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Table of Contents






7.3.5. Australia Digital X-ray Systems Market Outlook








8. Europe Digital X-ray Systems Market Outlook





8.2.2. By Modality

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Table of Contents



8.2.4. By End Users

8.2.5. By Country

8.3. Europe: Country Analysis

8.3.1. France Digital X-ray Systems Market Outlook








8.3.2. Germany Digital X-ray Systems Market Outlook






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Table of Contents




8.3.3. United Kingdom Digital X-ray Systems Market Outlook








8.3.4. Italy Digital X-ray Systems Market Outlook








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Table of Contents


8.3.5. Spain Digital X-ray Systems Market Outlook








9. North America Digital X-ray Systems Market Outlook





9.2.2. By Modality


9.2.4. By End Users

9.2.5. By Country

9.3. North America: Country Analysis

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Table of Contents


9.3.1. United States Digital X-ray Systems Market Outlook








9.3.2. Canada Digital X-ray Systems Market Outlook








9.3.3. Mexico Digital X-ray Systems Market Outlook


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Table of Contents








10. South America Digital X-ray Systems Market Outlook





10.2.2. By Modality


10.2.4. By End Users

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Digital X-ray Systems Market Outlook


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Table of Contents


10.3.1.1.1 By Value (USD)






10.3.2. Argentina Digital X-ray Systems Market Outlook








10.3.3. Colombia Digital X-ray Systems Market Outlook




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Table of Contents






11. Middle East & Africa Digital X-ray Systems Market Outlook


11.1.1. By Value (USD)



11.2.2. By Modality


11.2.4. By End Users

11.2.5. By Country

11.3. Middle East & Africa : Country Analysis

11.3.1. South Africa Digital X-ray Systems Market Outlook


11.3.1.1.1. By Value (USD)


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Table of Contents






11.3.2. Saudi Arabia Digital X-ray Systems Market Outlook


11.3.2.1.1. By Value (USD)






11.3.3. UAE Digital X-ray Systems Market Outlook


11.3.3.1.1. By Value (USD)




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Table of Contents




11.3.4. Kuwait Digital X-ray Systems Market Outlook


11.3.4.1.1. By Value (USD)






12. Market Dynamics (This chapter assesses the major demand drivers and restraints.)

12.1. Drivers

12.2. Challenges

13.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)

14. Competitive Landscape

14.1. Competition Outlook

14.2. Global Players Profiled (Leading Companies)

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Table of Contents


14.2.1, Company Details

14.2.2. Products & Services

14.2.3. Financials (As Reported)

14.2.4. Key Market Focus & Geographical Presence

14.2.5. Recent Developments

14.2.6. Key Management Personnel

15.Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)

16. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global digital x-ray

systems market, overall market size and segmental

market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global digital x-ray

systems market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global digital x-ray systems market. The team has

analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing geriatric

population. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to

achieve sustainability in the global digital x-ray systems market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as digital x-ray systems

manufacturers, channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 digital x-ray systems manufacturers, 100 – 120 end users, and 15 – 20 industry experts and other

value chain stakeholders in the global digital x-ray systems market to obtain the overall market size from 2016 to 2020, which was validated

by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data

during 2016-2020.

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• Respondents were asked about the current and future market growth rates, market shares by technology, by modality, by application, by

end user, by company and by each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise

revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across

various type were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by technology, by modality, by application, by end user, by company and by each region were calculated based on the

responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or

revenue generated from various types of digital x-ray. The final shares were calculated by taking the geometric mean of the responses

gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global digital

x-ray systems market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Siemens Healthineers AG

▪ GE Healthcare Inc.

▪ Koninklijke Philips N.V.

▪ Canon Medical Systems Corporation

▪ Fujifilm Holdings Corporation

▪ Shimadzu Corporation

▪ Hologic, Inc

▪ Carestream Health Inc.

▪ Hitachi Medical Corporation

▪ Agfa-Gevaert N.V.

▪ Samsung Medison Co., Ltd.

▪ Konica Minolta, Inc.

▪ Varex Imaging Corporation

▪ MinXray, Inc.

▪ KUB Technologies, Inc.

▪ World Bank

▪ International Monetary Fund (IMF)

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Global Digital X-Ray Systems Market By Technology (Computed Radiography v/s Direct Radiography), By

Modality (Fixed v/s Mobile), By Application (General Radiography, Dental Applications, Mammography, Others) By End User (Diagnostic Centers,

Hospitals & Clinics, Others) By Region, Competition Forecast & Opportunities, 2026”, the global digital X-ray systems market stood at USD11.74 billion

in 2020 and is expected to grow at a CAGR of 7.45%, during the forecast period. This can be ascribed to diseases like orthopedic disorders, cancers /

tumors, cardiovascular diseases (CVD), pneumonia and dental disorders increasing at a rapid rate. The increase in the number of these diseases and

requirement for early detection is driving the growth of the global digital X-ray systems market in the upcoming five years. Digital X-ray devices use

digital X-ray sensors instead of films to capture images, provide immediate preview of the results which improves time efficiency and capacity to

digitally transfer images. Digital X-ray systems have various advantages over conventional X-ray systems like the quality of image, user friendliness,

lesser image acquisition time, among others. Additionally, digital X-ray systems provide real time faster results which allow a greater number of patients

to be screened in a given time, this in turn leads to lesser exposure to radiations. All these factors are expected to fuel the market growth. However,

digital X-ray systems are quite expensive therefore most small and medium-sized hospitals are unable to afford these systems. This in turn is expected

to slow down the market growth through 2026. The high cost of digital X-ray systems also pushes end users towards refurbished systems, which

directly cuts the overall sales of new and advanced systems. Moreover, the market suffers majorly due to the lack of reimbursement through health

insurances. New investors may work on bringing the latest technologies at a more cost efficient level. Additionally, stringent regulatory processes

further restrict the market growth.

The global digital X-ray systems market is segmented by technology, modality, application, end users, and regional distribution. Based on applications,

the market is further segmented into general radiography, dental applications, mammography, and others. The general radiography segment held the

largest market share in 2020 of around 44.26% on account of the increasing geriatric population and health issues like orthopedic disorders,

cardiovascular problems, X-ray systems and other issues. An increasing number of COVID-19 cases has also increased the demand as digital X-ray

systems play a key role in the diagnosis of COVID-19 and indicates the affected lung tissue in infected patients. X-ray systems have good applications

in dental treatments as well. Thus, the market is driving towards the anticipated growth based on these factors.

Some of the major competitors in the market are Siemens Healthineers AG, GE Healthcare Inc., Koninklijke Philips N.V., Canon Medical Systems

Corporation, Fujifilm Holdings Corporation, Shimadzu Corporation, Hologic Inc, Carestream Health Inc., Hitachi Medical Corporation, Agfa-Gevaert

N.V., Samsung Medison Co., Ltd., Konica Minolta, Inc., Varex Imaging Corporation, MinXray, Inc., and KUB Technologies, Inc. In order to expand their

market share, the companies tend to adopt various strategies like new product launches, and mergers & collaborations. For instance, Siemens

Healthineers partnered with ScreenPoint Medical, which helped Siemens create an AI-based application for breast imaging in May 2018. KDR Primary

Digital Radiography System was also launched by Konica Minolta in April 2018. Hologic also collaborated with Philips, which helped both companies to

expand their product portfolio with advanced informatics and services for screening and diagnosis.

“North America is expected to hold a dominant position in the global digital x-ray systems market over the forecast period, owing to the increasing

number of patients suffering from arthritis. Additionally, the number of adults in the United States with doctor-diagnosed arthritis is projected to reach

78.4 million by 2040 which accounts for 25.9 percent of all adults in the United States as per the Arthritis Foundation Fact sheet, 2019. Along with the

government support and FDI investments the market is anticipated for an impressive growth in next five years.” said Mr. Karan Chechi, Research

Director with TechSci Research, a research based Global management consulting firm.

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Sample Data - Snapshot

Global Digital X-ray Systems Market Size, By Value (USD Million), By Volume (Units), 2016–2026F

CAGR By Value & Volume

XX%CAGR By Value & Volume

YY%

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00

2016 2020 2021E 2026F

By Value (USD Million)

By Volume (Units)

60%60%

60%

60%

60%

60%

60%

60%

60%

60%

60%

40%40%

40%

40%

40%

40%

40%

40%

40%

40%

40%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Computed Radiography Direct Radiography

Asia-Pacific Digital X-ray Systems Market Share, By Technology, By Value, 2016–2026F

India Digital X-ray Systems Market Share, By Application, By Value, 2016–2026F

20%20%20%20%20%20%20%20%20%20%20%

30%30%30%30%30%30%30%30%30%30%30%

20%20%20%20%20%20%20%20%20%20%20%

30%30%30%30%30%30%30%30%30%30%30%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

General Radiography Dental Applications Mammography Others

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FORECAST & OPPORTUNITIES2016 – 2026

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number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

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model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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Global Digital X-Ray Systems Market Size, Share and Forecast 2026 | TechSci Research