In 2021, the market for Digital X-Ray Devices worldwide was worth $11.5 billion US dollars. AMR Group projects that the market will reach US$ 21.7 billion by 2031, growing at a CAGR of 8.5 percent between 2022 and 2031.

A Digital X-Ray Device is a machine that performs an advanced type of x-ray inspection and instantly generates a digital radiographic image on a computer. A Digital X-Ray Device is a device that generates a high-quality digital image of an object or organ and immediately sends it to a computer. During object examination, x-ray sensitive plates are used to capture data. When combined with an X-ray detector, it is used in a variety of applications such as medicine, electronic assembly, X-ray spectroscopy, and material thickness estimation in manufacturing processes. Aside from that, radiographers use Digital X-Ray Devices in clinical settings to obtain digital x-ray images of organism structures like bones, as well as during sterilization. Furthermore, such machines improve organizational safety by providing better outcomes for patients, such as faster disease diagnosis. The associated benefits are expected to boost the overall market penetration of these Digital X-Ray Devices in the coming years.

A computer display system and digital detectors are used to create the digital image in medical x-ray. Characteristics such as low radiation dose, high speed and accuracy, higher image quality, and quick image viewing enable higher patient screening volumes. Crouse Medical Imaging in the United States, for example, will install Philips DigitalDiagnost C90 VS digital radiography technology in April 2021.

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In addition, Memorial Community Health, Inc. (MCHI) in the United States has announced the installation of a digital X-ray system in their Clay Center clinic location in October 2021. The most frequently requested imaging test is a chest radiograph. Digital X-ray, also known as digital radiography, is a type of X-ray imaging in which digital X-ray sensors replace traditional photographic films. This has the added benefit of saving time and transferring images digitally, as well as enhancing them for better visibility. This method avoids the use of chemical processing on photographic films.

The rising prevalence of orthopedic diseases and cancers is one of the main factors driving the global expansion of diagnostic imaging tests, that also drives the Digital X-Ray Devices market. According to the American Heart Association (AHA), Heart Disease and Stroke Statistics - 2022 Upgrade data, cardiovascular disease (CVD) is the leading cause of death worldwide in 2020, accounting for 19.05 million deaths. Based on the same source, cerebrovascular diseases will be responsible for approximately 7.08 million deaths worldwide in 2020. Because of the country's high prevalence of cardiac disease, there is a high demand for imaging devices with precise diagnosis, and thus digital X-ray devices become important in this context.

Digital x-ray machines One of the market's primary drivers is technological advancement. Furthermore, technological advancements and increased product approvals, as well as partnerships and collaborations by key players, are assisting in market growth. Carestream Health India, for example, has announced the launch of the DRX Compass in 2022, an accurate, convenient, and configurable digital radiation solution that provides radiologists with a whole new level of efficiency. Furthermore, DRX Compass allows for the configuring of preferred configurations from a diverse range of detectors, tubes, generators, stages, and collimators, as well as how radiation facilities deploy this futuristic digital radiation technology. However, high installation and device costs, as well as an increase in the use of refurbished devices, are likely to stymie market growth.

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Competitive Analysis

Agfa-Gevaert Group, Boston Imaging, Canon Medical Systems Corp., Carestream Health, Fujifilm Holdings Corporation, GE Healthcare, Hitachi, Ltd., Hologic, Inc., Koninklijke Philips N.V., Mindray Medical International, Samsung Medison, Shimadzu Corporation and Siemens Healthcare GmbH

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