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Digital Radiology Market Report Scope & Overview:

The Digital Radiology Market was estimated at USD 3.8 billion in 2023 and is projected to reach USD 5.04 billion by 2031, developing at a CAGR of 3.6% from 2024 to 2031.

Digital radiology is a radiology procedure that utilizes X-beam delicate plates to catch information straightforwardly while patient assessment. digital radiology is a high-level strategy of X-beam review that produces radiology pictures on a PC. The picture is supplanted by a sensor that gathers the information in digital radiology. Digital radiology is utilized in clinical imaging. digital radiology is suggested as a huge decision for clinical analysis, attributable to great picture handling and less radiation openness. Producers center around expanding characteristics, including difference, sharpness, and capacity to assess wounds continuously. Mechanical progressions in X-beam imaging worked on analytic exactness and limited radiation measurements.

Digital Radiology Market Revenue Analysis

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MARKET DYNAMICS

The development of the digital radiology industry is driven by a flood in the recurrence of persistent illnesses, sports-related wounds, and malignant growth. Consistently, numerous patients, especially in immature nations go through imaging testing. Likewise, development in the populace support interest in digital radiology locators in the future and subsequently helps the digital radiology market development. Besides, senior residents foster age-related messes, requiring the utilization of an assortment of radiologic assessments is one of the major digital radiology market patterns. Notwithstanding, significant expenses of these tests and a shortage of able experts block the development of the market. Moreover, significant producers center around giving new advancements to end clients, especially for C-arms and fluoroscopy gadgets, which prosper the digital radiology market and an amazing open door in the future.
The digital radiology market is expected to fill in the market with the headway of new innovations. Likewise, factors, for example, excellent imaging created by the innovation alongside the least radiation openness and advancement in more impressive are driving the market development. Be that as it may, the danger of unnecessary openness to radiations and significant expenses related to the establishment of fixed digital radiology frameworks are controlling business sector development. Additionally, conservative gadgets, an expansion in R&D exercises in this field, awareness through gatherings and projects, and an expansion in acknowledgment of convenient digital radiology frameworks are likewise factors for helping the development of the market.

IMPACT OF COVID-19 Analysis: 

The World Health Organization (WHO) on January 30, 2020 announced COVID-19 as a pandemic. Coronavirus affected 210 nations across the globe. State-run organizations across the globe announced unpreventable lockdowns and social separating measures to keep the framework of the medical service from imploding, attributable to the COVID-19 pandemic. Likewise, state legislatures carried out imperatives and limitations on continuous operations and elective medical procedures. These limitations keep on frustrating the development of different ventures. The conveyance, creation, and supply networks have been affected, because of the execution of lockdown across the globe.

MARKET SEGMENTATION
The digital radiology market is portioned based on type, technique, application, and by end-client. In view of type, the market is divided into fixed digital radiology frameworks and convenient digital radiology frameworks. Based on the strategy, the market is classified as registered radiography (CR) and direct radiology (DR). Based on application, the market is classified as cardiovascular imaging, chest imaging, dental imaging, mammography imaging, muscular imaging, and others. Based on end-client, the market is classified as clinics and facilities, analytic focuses, and others.

KEY MARKET SEGMENT:

By Product Type

  • Stationary Digital Radiology System

  • Portable Digital Radiology System

By Application

  • Cardiovascular Imaging

  • Chest Imaging

  • Dental Imaging

  • Digital Mammography

  • Orthopedic Imaging

  • Others

By Technology

  • Direct Digital Radiology

  • Computed Digital Radiology

By end-user  

  • Diagnostic Clinics

  • Other End Users

  • Hospitals

REGIONAL ANALYSIS:

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the in digital radiology market based on various segments. It also provides market size and forecast estimates from the year 2024 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The digital radiology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in the region.

Digital Radiology Market By Region

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REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players:

The Major Players are Agfa-Gevaertgroup, Cannon Inc., Detection Technology, Fujifilm Holdings, Hitachi Ltd, General Electrics, Medtronics, Koninklijke Phillips, Samsung Electronics Co Ltd, and Others Players.

Detection Technology-Company Financial Analysis

Company Landscape Analysis

Digital Radiology Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 3.8 Billion
Market Size by 2031  US$ 5.04 Billion
CAGR  CAGR of 3.6% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Stationary Digital Radiology System, Portable Digital Radiology System)
• By Application (Cardiovascular Imaging, Chest Imaging, Dental Imaging, Digital Mammography, Orthopedic Imaging, Others)
• By Technology Type (Direct Digital Radiology, Computed Digital Radiology)
• By End User (Diagnostic Clinics, Hospitals, others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Agfa-Gevaertgroup, CannonInc., Detection Technology, Fujifilm Holdings, Hitachi Ltd, General Electrics, Medtronics, Koninklijke Phillips, Samsung Electronics Co Ltd, and Others.

Frequently Asked Questions

Ans: The Digital Radiology Market is estimated to reach US$ 5.04 billion by 2031.

Ans: The Digital Radiology Market is to grow at a CAGR of 3.6% over the forecast period 2024-2031.

 The market is growing due to an increase in orthopedic, cardiac, and dental illnesses, as well as advances in technology and the adaption of improved healthcare facilities.

Stationary Digital Radiology System and Portable Digital Radiology System are the sub-segments of product type.

Manufacturer and service provider, research institutes, universities,  private libraries, suppliers, and distributors.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Digital Radiology Market Segmentation, by product type

8.1 Stationary Digital Radiology System

8.2Portable Digital Radiology System

9. Digital Radiology Market Segmentation, by Technology Type

9.1 Direct Digital Radiology

9.2 Computed Digital Radiology

10. Digital Radiology Market Segmentation, By application

10.1 Cardiovascular Imaging

10.2 Chest Imaging

10.3 Dental Imaging

10.4 Digital Mammography

10.5 Orthopedic Imaging

10.6 Other Applications

11. Digital Radiology Market Segmentation, By end-user 

11.1 Diagnostic Clinics

11.2 Other End Users

11.3 Hospitals

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2     Canada

12.2.3     Mexico

12.3        Europe

12.3.1     Germany

12.3.2     UK

12.3.3     France

12.3.4     Italy

12.3.5     Spain

12.3.6     The Netherlands

12.3.7     Rest of Europe

12.4        Asia-Pacific

12.4.1     Japan

12.4.2     South Korea

12.4.3     China

12.4.4     India

12.4.5     Australia

12.4.6     Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1     Israel

12.5.2     UAE

12.5.3     South Africa

12.5.4     Rest

12.6        Latin America

12.6.1     Brazil

12.6.2     Argentina

12.6.3     Rest of Latin America

13. Company Profiles

13.1Agfa-Gevaert Group

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Agfa-Gevaert group

13.3 Cannon Inc.

13.4 Detection Technology

13.5 Fujifilm Holdings

13.6 Hitachi,Ltd

13.7 General Electrics

13.8 Medtronics

13.9 Koninklijke Phillips

13.10 Samsung Electronics Co Ltd

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

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