The digital x-ray market is valued at US$ 14.40 billion in 2024 and is projected to reach US$ 34.50 billion by 2034, exhibiting an outstanding CAGR of 9.10% over the forecast period.
Key Market Drivers
The digital X-ray market generated an estimated revenue of US$ 8.6 billion in 2019. In five years, the market grew at a CAGR of 18.85% and added a staggering revenue of US$ 5.80 billion. Several reasons can be attributed to this growth:
Attributes | Key Statistics |
---|---|
Digital X-ray Market Value (2024) | US$ 14.40 billion |
Anticipated Market Value (2034) | US$ 34.50 billion |
Estimated Growth (2024 to 2034) | 9.10% CAGR |
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The digital X-ray market is anticipated to surpass a global valuation of US$ 34.50 billion by 2034, expanding at a growth rate of 9.10%. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:
Attributes | Details |
---|---|
Top Modality | Radiography |
CAGR (2024 to 2034) | 8.90% |
Depending on the modality, the digital X-ray market is bifurcated into radiography, fluoroscopy, and mammography. The radiography segment is anticipated to grow at a remarkable rate of 8.90% CAGR through 2034.
Attributes | Details |
---|---|
Top Technology Type | Digital Radiography |
CAGR (2024 to 2034) | 8.60% |
The digital X-ray market is categorized by technology type into digital and computed radiography. The former dominates the market and is anticipated to grow at a remarkable rate of 8.60% through 2034.
The section provides an analysis of the digital x-ray market by country, including Japan, China, the United States, the United Kingdom, and South Korea. The table presents the CAGRs for each country, indicating the expected growth of the market in that country through 2034.
Countries | CAGR (2024 to 2034) |
---|---|
South Korea | 12.90% |
United Kingdom | 10.80% |
Japan | 10.40% |
China | 9.90% |
United States | 8.70% |
South Korea is one of the leading countries in this market. The South Korean digital X-ray market is anticipated to retain its dominance by progressing at an annual growth rate of 12.90% until 2034.
Japan is another Asian country that leads the digital X-ray market. The Japanese market is anticipated to retain its dominance by progressing at a CAGR of 10.40% till 2034.
The United Kingdom dominates the digital X-ray market in the European region. The United Kingdom's digital X-ray market is anticipated to exhibit an annual growth rate of 10.80% through 2034.
China, too, is one of the leading countries in the global digital x-ray market, which is anticipated to register a CAGR of 9.90% through 2034.
The United States leads the digital X-ray market in the North American region. Over the next ten years, the demand for digital X-rays is projected to rise at an 8.70% CAGR.
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The market for digital X-rays is filled with numerous companies, such as Siemens, Healthineers AG, GE Healthcare, Philips Healthcare, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, etc. These companies have a strong foothold in the international healthcare sector as hospitals, clinics, ambulatory surgical centers, etc., depend on them for their radiography needs.
Key players in the market are also investing in developing affordable devices so that smaller clinics with limited financial resources can also implement them.
Recent Developments
The digital X-ray market is expected to be worth US$ 14.40 billion by 2024.
The market for digital X-rays is expected to reach US$ 34.50 billion by 2034.
The digital X-ray market is growing at a CAGR of 9.10% from 2024 to 2034.
Some of the key players in the market are Siemens, Healthineers AG, GE Healthcare, Philips Healthcare, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, etc.
The valuation for the digital X-ray market was US$ 13.1 billion in 2023.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Modality 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Modality, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Modality, 2024 to 2034 5.3.1. Radiography 5.3.2. Fluoroscopy 5.3.3. Mammography 5.4. Y-o-Y Growth Trend Analysis By Modality, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Modality, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2024 to 2034 6.3.1. Digital radiography 6.3.2. Computed radiography 6.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Mobility 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Mobility, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Mobility, 2024 to 2034 7.3.1. Stationary 7.3.2. Mobile 7.4. Y-o-Y Growth Trend Analysis By Mobility, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Mobility, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By End-Use, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-Use, 2024 to 2034 8.3.1. Hospitals 8.3.2. Diagnostic imaging centers 8.3.3. Others 8.4. Y-o-Y Growth Trend Analysis By End-Use, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By End-Use, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Modality 10.2.3. By Technology 10.2.4. By Mobility 10.2.5. By End-Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Modality 10.3.3. By Technology 10.3.4. By Mobility 10.3.5. By End-Use 10.4. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Modality 11.2.3. By Technology 11.2.4. By Mobility 11.2.5. By End-Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Modality 11.3.3. By Technology 11.3.4. By Mobility 11.3.5. By End-Use 11.4. Key Takeaways 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. UK 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Modality 12.2.3. By Technology 12.2.4. By Mobility 12.2.5. By End-Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Modality 12.3.3. By Technology 12.3.4. By Mobility 12.3.5. By End-Use 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Modality 13.2.3. By Technology 13.2.4. By Mobility 13.2.5. By End-Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Modality 13.3.3. By Technology 13.3.4. By Mobility 13.3.5. By End-Use 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Modality 14.2.3. By Technology 14.2.4. By Mobility 14.2.5. By End-Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Modality 14.3.3. By Technology 14.3.4. By Mobility 14.3.5. By End-Use 14.4. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Modality 15.2.3. By Technology 15.2.4. By Mobility 15.2.5. By End-Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Modality 15.3.3. By Technology 15.3.4. By Mobility 15.3.5. By End-Use 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Modality 16.2.3. By Technology 16.2.4. By Mobility 16.2.5. By End-Use 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Modality 16.3.3. By Technology 16.3.4. By Mobility 16.3.5. By End-Use 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2023 17.1.2.1. By Modality 17.1.2.2. By Technology 17.1.2.3. By Mobility 17.1.2.4. By End-Use 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2023 17.2.2.1. By Modality 17.2.2.2. By Technology 17.2.2.3. By Mobility 17.2.2.4. By End-Use 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2023 17.3.2.1. By Modality 17.3.2.2. By Technology 17.3.2.3. By Mobility 17.3.2.4. By End-Use 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2023 17.4.2.1. By Modality 17.4.2.2. By Technology 17.4.2.3. By Mobility 17.4.2.4. By End-Use 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2023 17.5.2.1. By Modality 17.5.2.2. By Technology 17.5.2.3. By Mobility 17.5.2.4. By End-Use 17.6. UK 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2023 17.6.2.1. By Modality 17.6.2.2. By Technology 17.6.2.3. By Mobility 17.6.2.4. By End-Use 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2023 17.7.2.1. By Modality 17.7.2.2. By Technology 17.7.2.3. By Mobility 17.7.2.4. By End-Use 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2023 17.8.2.1. By Modality 17.8.2.2. By Technology 17.8.2.3. By Mobility 17.8.2.4. By End-Use 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2023 17.9.2.1. By Modality 17.9.2.2. By Technology 17.9.2.3. By Mobility 17.9.2.4. By End-Use 17.10. Poland 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2023 17.10.2.1. By Modality 17.10.2.2. By Technology 17.10.2.3. By Mobility 17.10.2.4. By End-Use 17.11. Russia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2023 17.11.2.1. By Modality 17.11.2.2. By Technology 17.11.2.3. By Mobility 17.11.2.4. By End-Use 17.12. Czech Republic 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2023 17.12.2.1. By Modality 17.12.2.2. By Technology 17.12.2.3. By Mobility 17.12.2.4. By End-Use 17.13. Romania 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2023 17.13.2.1. By Modality 17.13.2.2. By Technology 17.13.2.3. By Mobility 17.13.2.4. By End-Use 17.14. India 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2023 17.14.2.1. By Modality 17.14.2.2. By Technology 17.14.2.3. By Mobility 17.14.2.4. By End-Use 17.15. Bangladesh 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2023 17.15.2.1. By Modality 17.15.2.2. By Technology 17.15.2.3. By Mobility 17.15.2.4. By End-Use 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2023 17.16.2.1. By Modality 17.16.2.2. By Technology 17.16.2.3. By Mobility 17.16.2.4. By End-Use 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2023 17.17.2.1. By Modality 17.17.2.2. By Technology 17.17.2.3. By Mobility 17.17.2.4. By End-Use 17.18. China 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2023 17.18.2.1. By Modality 17.18.2.2. By Technology 17.18.2.3. By Mobility 17.18.2.4. By End-Use 17.19. Japan 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2023 17.19.2.1. By Modality 17.19.2.2. By Technology 17.19.2.3. By Mobility 17.19.2.4. By End-Use 17.20. South Korea 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2023 17.20.2.1. By Modality 17.20.2.2. By Technology 17.20.2.3. By Mobility 17.20.2.4. By End-Use 17.21. GCC Countries 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2023 17.21.2.1. By Modality 17.21.2.2. By Technology 17.21.2.3. By Mobility 17.21.2.4. By End-Use 17.22. South Africa 17.22.1. Pricing Analysis 17.22.2. Market Share Analysis, 2023 17.22.2.1. By Modality 17.22.2.2. By Technology 17.22.2.3. By Mobility 17.22.2.4. By End-Use 17.23. Israel 17.23.1. Pricing Analysis 17.23.2. Market Share Analysis, 2023 17.23.2.1. By Modality 17.23.2.2. By Technology 17.23.2.3. By Mobility 17.23.2.4. By End-Use 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Modality 18.3.3. By Technology 18.3.4. By Mobility 18.3.5. By End-Use 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. GE HealthCare Technologies Inc. (US) 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.2. Carestream Health (US) 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.3. Danaher Corporation (US) 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.4. Sirona Dental Systems Inc. (US) 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.5. ALLPRO Imaging (US) 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.6. Varex Imaging Corporation (US) 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.7. MinXray, Inc (US) 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.8. Hologic Inc (US) 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.9. Holston Medical Group (US) 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.10. Teledyne Technologies (US) 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 19.1.11. KA Imaging Inc (Canada) 19.1.11.1. Overview 19.1.11.2. Product Portfolio 19.1.11.3. Profitability by Market Segments 19.1.11.4. Sales Footprint 19.1.11.5. Strategy Overview 19.1.11.5.1. Marketing Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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