Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Digital Radiography Market– Insights
Increasing focus on digitization in the healthcare sector has offered convenient patient diagnosis, providing accurate and rapid test results. Diagnostic laboratories are focused on digitization of X-ray and launch of mobile digital x-ray systems has further propelled the global digital radiography market growth. Digital radiography is used in dental, chest imaging, orthopedic, and mammography applications. Ease of operating mobile systems and increasing demand for portable and mobile equipment is expected to boost growth of the digital radiography market.
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The global digital radiography market size was valued at US$ 5,290.0 million in 2019, and is expected to exhibit a CAGR of 4.2 % over the forecast period (2020–2027).
Key players in the market are focused on approval and launch of novel digital radiography systems, which is expected to boost the market growth
Major market players are focused on approval and launch of new digital radiography devices. For instance, in 2018, Philips received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market ProxiDiagnost N90, a premium digital radiography-fluoroscopy (DRF) system. This DRF system performs nearby fluoroscopy and digital X-rays through a single system. ProxiDiagnost N90 supports high room utilization and increased patient throughput with optimal workflow support and patient accessibility. Similarly, in November 2017, Canon U.S.A launched CXDI-710C, CXDI-810C, and CXDI-410C wireless digital radiography (DR) detectors to update the digital X-ray process.
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Global Digital Radiography Market- Regional Insights
On the basis of region, the global digital radiography market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global digital radiography market over the forecast period. This is attributed to high presence of major market players in the region such as Carestream Health, North Star Imaging, GE Healthcare, and Varex Imaging Corporation.
Moreover, key players in the market are focused on adopting acquisition strategies to expand their product portfolio. For instance, in April 2019, Varex Imaging Corporation acquired Direct Conversion, a Stockholm, Sweden-based manufacturer and marketer of linear array digital detectors.
The market in Asia Pacific is expected to witness significant growth over the forecast period. This market growth in the region is primarily driven by increasing investment in the healthcare sector. For instance, in November 2018, MGM Healthcare Pvt. Ltd announced its plans to launch a new chain of hospitals, establishing 400-bed state-of-the-art medical institution, which is expected to drive growth of the digital radiography market owing to increasing need of X-ray equipment and imaging software in India.
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Global Digital Radiography Market- Competitive Landscape
Key players operating in the global digital radiography market include, GE Healthcare, North Star Imaging, Fujifilm Holdings, Fresenius Se & Co. KGaA, Koninklijke Philips N.V., Shimadzu Corporation, Toshiba Medical System Corporation, Carestream Health, 3DX-Ray, Canon, Inc., and Bosello High Technology
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