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The global landscape of healthcare is undergoing a seismic shift, driven by the escalating prevalence of chronic diseases. This surge, encompassing conditions such as cancer, heart disease, diabetes, obesity, and chronic respiratory diseases, is a pivotal factor propelling the growth of the portable diagnostic devices market. As these diseases become increasingly common and rapidly expand their reach, the demand for effective diagnostic solutions has never been more pressing.
In September 2022, the Global Initiative for Chronic Obstructive Lung Cancer (COPD) shed light on the staggering impact of chronic respiratory diseases on a global scale. Approximately 200 million people worldwide were identified as suffering from COPD, while an additional 262 million were affected by asthma each year. These statistics underscore the pervasive nature of respiratory conditions and the urgent need for diagnostic tools that can facilitate early detection and management.
The World Heart Federation further highlighted the global challenge of obesity in 2022, estimating that 2.3 billion children and adults were either overweight or obese. This alarming prevalence of obesity is a significant risk factor for various chronic conditions, including heart disease and diabetes. The International Diabetes Federation, in its 2021 report, revealed that a staggering 537 million adults were living with diabetes, further emphasizing the need for robust diagnostic capabilities to address the complexities of managing this chronic condition.
The International Agency for Research on Cancer delved into the realm of oncology, revealing unsettling statistics about the prevalence of various cancers. Breast cancer, in particular, took the lead, followed by prostate, lung, colorectal, cervix uteri, stomach, liver, and other forms of cancer. These statistics paint a vivid picture of the multifaceted challenges posed by chronic diseases across diverse demographics.
Multimorbidity and comorbidity have become inherent aspects of the global health landscape due to the high incidence of chronic diseases. The coexistence of multiple health conditions in an individual necessitates a comprehensive and accessible approach to diagnostics. This growing complexity in healthcare demands portable diagnostic devices that can seamlessly integrate into homes, clinics, and rehabilitation centers, providing timely and accurate information to guide treatment decisions.
The demand for portable diagnostic devices is further intensified by the shift in healthcare paradigms toward decentralized and patient-centric models. These devices empower individuals to monitor their health in the comfort of their homes, offering a proactive approach to managing chronic conditions. Clinics and rehabilitation centers also benefit from the portability and efficiency of these devices, enabling streamlined diagnostic processes and timely interventions.
In conclusion, the escalating global burden of chronic diseases is reshaping the healthcare landscape and driving the demand for advanced diagnostic solutions. The prevalence of conditions such as COPD, asthma, obesity, diabetes, and various forms of cancer underscores the urgent need for accessible and efficient diagnostic tools. Portable diagnostic devices emerge as crucial components in addressing this need, offering a versatile and user-friendly means of early detection, monitoring, and management. As the world grapples with the challenges posed by the rise in chronic diseases, the role of portable diagnostic devices becomes increasingly indispensable in promoting better health outcomes and enhancing the overall quality of patient care.
Digital Radiology Devices Market Highlights:
Global Digital Radiology Devices Market Overview
The Digital Radiology Devices Market Size was valued at USD 5.03 Billion in 2023. The Global Digital Radiology Devices industry is projected to grow from USD 5.41 Billion in 2024 to USD 9.73 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.09% during the forecast period (2024 - 2032).
The digital radiology device is a segment of the imaging devices market. Digital radiology devices the fastest growing segment for the global imaging devices. Digital radiology device is one of the major segment of the imaging device and is expected to grow at the fastest growth rate. The major factors influencing the growth of the market include; rising economic growth, increasing growth in technological advancement in the field of medical devices, increasing demand for portable imaging devices, increasing applications of digital radiology.
December 2024: At RSNA 2024, GE Healthcare demonstrated its most recent AI-enabled imaging and cloud-based informatics solutions, emphasizing efficiency gains and easing radiologists' administrative workloads.
Digital Radiology Devices Market Trends
Dentistry is one of the applications of digital radiology devices. Newly emerging models for patient care are evolving clinical environments for dentists. It is expected that digital radiology is to replace traditional manufacturing in the near future due to various reasons which include better predictability, increased accuracy, increased efficiency, and cost-effectiveness. These emerging models have hiked the growth of Dental Service Organizations. DSOs stand to gain a more dominant presence in the dental industry. According to study, Dental Service Organizations (DSOs) currently comprise about 7% of the dental market, but they are expected to grow to about 20% of the market as DSOs enable dentists to invest in new technology. In addition, many of the dentists joining DSOs are more likely to incorporate these technologies into their practices. Hence, DSOs will help in driving the market for digital radiology device globally.
However, factors such as the risk of ionizing radiations for children and teens and high-cost surgery device are hampering the growth of the market.
Digital Radiology Devices Market Segment Insights
The digital radiology devices market has been segmented into type, method, application, and end user.
Based on type, market segmented into stationary digital radiology systems, (Ceiling-mounted systems, Floor-to-ceiling mounted systems) and portable digital radiology systems (Handheld radiology systems, Mobile radiology systems)
On the basis of method, the market is segmented into computed radiography (CR) and direct radiography (DR)
Based on application, the market of digital radiology devices is segmented into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others.
Based on end user, the market of digital radiology devices is segmented into hospitals and clinics, diagnostic centers, and others.
The market for digital radiology devices, by region, has been segmented, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market of Digital Radiology Devices in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European market of Digital Radiology Devices has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The market for Digital Radiology Devices in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market for Digital Radiology Devices in the Middle East & Africa has been segmented into the Middle East and Africa.
Source: Annual Reports and Sec filings
Geographically, the Americas is anticipated to dominate the digital radiology devices industry owing to the presence of a huge patient population, increasing adoption of advanced technology in the field of diagnostics device, high healthcare expenditure, and the presence of major players in the region.
Europe is expected to hold the second largest position in the market of digital radiology devices.
Asia-Pacific is the fastest market growing digital radiology devices owing to the increasing demand for better imaging devices, the presence of a huge patient pool and rapidly improving the technology. Moreover, many manufacturers are trying to expand their presence in the region due to rapidly growing economies and the increasing availability of funds, and growing demand for the advanced imaging devices.
The Middle East and Africa market for digital radiology devices is expected to grow at a steady pace.
Key Players
Some of the prominent players in the market are
- Agfa-Gevaert Group,Canon Inc
- Carestream Health Inc
- Fujifilm Holdings Corporation
- General Electric Company
- Hitachi, Ltd.
- Konica Minolta, Inc
- Koninklijke Philips N.V.
- Siemens
- Varian Medical Systems, Inc
- Shimadzu Corporation
- Hologic
- Nucleotech Medical Systems International Limited
- Protec GmbH & Co. KG
Digital Radiology Devices Market Segmentation
Digital Radiology Devices Type Outlook
- Stationary digital radiology systems
- Ceiling-mounted systems
- Floor-to-ceiling mounted systems
- Portable digital radiology systems
- Handheld radiology systems
- Mobile radiology system
Digital Radiology Devices Method Outlook
- Computed radiography (CR)
- Direct radiography (DR)
Digital Radiology Devices Application Outlook
- Cardiovascular imaging
- Chest imaging
- Dental imaging
- Mammography imaging
- Orthopedic imaging
- Others
Digital Radiology Devices End User Outlook
- Hospitals & Clinics
- Diagnostic centers
- Others
Digital Radiology Devices Region Outlook
- Americas
- North America
- US
- Canada
- South America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
- Africa
Intended Audience
- Digital radiology devices manufacturers
- Digital radiology devices distributors
- Hospitals, clinics, and associations
- Diagnostics centers
- Private insurance companies
- Government agencies
- Various research and consulting firms
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