Digital X-Ray Market Size, Share, Growth Analysis, By Technology(Direct radiography, computed radiography), By Application(General Imaging, Orthopedic, Dental, Mammography), By Portability(Fixed (Floor-to-Ceiling-Mounted Systems, Ceiling-Mounted Systems), Portable (Mobile X-ray Systems, Handheld X-ray Systems)), By System(Retrofit Digital X-ray Systems, New Digital X-ray Systems), By End User(Hospitals, Diagnostic Centers, Dental Care Centers, Others), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Digital X-Ray Market size was valued at USD 11.1 billion in 2019 and is poised to grow from USD 12 billion in 2023 to USD 24.19 billion by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).

Global digital x-ray market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Siemens Healthineers is the market leader in digital X-ray imaging. Digital X-ray systems, mobile X-ray systems, fluoroscopy systems, mammography systems, mobile C-arms, and robotic X-ray systems are all available from the company. It focuses on inorganic and organic growth strategies, such as new product launches, partnerships, and agreements, to strengthen and maintain its market position. In the last three years, the company has launched several products in the global market and is constantly engaged in R&D for product innovation. This is demonstrated by the fact that the company spends more than 9% of its revenue on research and development. 'Siemens Healthineers', 'Koninklijke Philips N.V.', 'GE Healthcare', 'Canon Inc.', 'Fujifilm Holdings Corporation', 'Shimadzu Corporation', 'Hitachi, Ltd.', 'Agfa-Gevaert Group', 'Hologic, Inc.', 'Samsung Medison Co., Ltd.', 'Carestream Health, Inc.', 'Varian Medical Systems, Inc.', 'Toshiba Corporation', 'PerkinElmer, Inc.', 'Analogic Corporation', 'BMI Biomedical International S.r.l.', 'Mindray Medical International Limited', 'Trivitron Healthcare', 'Varex Imaging Corporation', 'Allengers Medical Systems Limited'

Technological advancements are driving the growth of the Global digital x-ray market. Image quality, image acquisition portability, detector form, and software all contribute to the adoption of these systems. The demand for advanced digital X-ray systems is increasing due to benefits such as their ability to process large amounts of data and examine patients quickly. Several companies are developing digital systems with improved performance and efficiency. With diagnostic quality images and stitching functionality, these systems allow radiologists to address a wide range of clinical applications. Innovation and the development of advanced systems help to boost the market growth.

The use of Artificial Intelligence (AI) for X-ray interpretation is a recent market trend. Because of advancements in computer vision, Machine Learning (ML), AI, and deep learning techniques, the field of radiology has made significant progress in the analysis and interpretation of imaging data. By using AI-assisted X-ray interpretation, radiology personnel can improve patient care by speeding up and improving diagnosis and treatment of injuries and illnesses. AI-assisted X-ray interpretation uses algorithms to analyze data and images from open and closed medical databases. It then compares images to previous findings to identify trends and abnormalities. There are several advantages to using AI for X-ray interpretation in diagnostic imaging.

North America dominated the global digital X-Ray Market share, and this is expected to continue during the forecast period. Within North America, the United States dominates the studied market and is expected to continue to do so over the forecast period. The region's growing burden of chronic diseases such as cancer and diabetes, as well as the region's increasing adoption of sophisticated technology, are the major factors driving the digital X-Rays devices market in North America.