Global Digital X-Ray Market to Surpass USD 14 Billion by 2026

By HospiMedica International staff writers
Posted on 13 Oct 2021

Illustration

The global market for digital X-ray is projected to grow at a CAGR of more than 7% from around USD 9 billion in 2020 to over USD 14 billion by 2026, amidst all the opportunities and challenges in a significantly transformed post COVID-19 marketplace.

These are the latest findings of a new market study published by Global Industry Analysts Inc. (San Jose, CA, USA), a market research company.

Based on application, the Orthopedic segment is projected to grow at a CAGR of 8.3% to reach USD 3.3 billion in 2026 while the Cardiovascular segment is expected to register a CAGR of 7.5% for the next seven-year period. The Fluoroscopy segment is estimated to register a CAGR of 6.2% to reach USD 1.4 billion by the year 2026, led mainly by the regional markets of the US, Canada, Japan, China and Europe. These regional markets which accounted for a combined market size of USD 0.68 billion in the year 2020 are projected to reach USD 1 billion by the close of the analysis period.

China, the world`s second largest economy, will remain among the fastest growing in this cluster of regional markets with a CAGR of 11.1% over the analysis period to reach USD 3 billion by 2026. The US digital X-ray market is estimated to be worth USD 2.7 billion in 2021. Among the other noteworthy geographical markets for digital X-ray are Japan and Canada which are forecasted to register a CAGR of 3.9% and 6.5%, respectively over the analysis period. Within Europe, Germany is projected to grow at a CAGR of approximately 4.7% for the next seven-year period.

Related Links:
Global Industry Analysts Inc.

Visit expo >

Platinum Member

Real-Time Diagnostics Onscreen Viewer

GEMweb Live

Gold Member

12-Channel ECG

CM1200B

Medical Monitor

VITALMAX 4100SL

Silver Member

ECG Management System

NEMS Web

Latest Business News

Channels

Artificial Intelligence

view channel

Image: AI-powered algorithm could better assess people’s risk of common heart condition (Photo courtesy of 123RF)

AI-Powered Algorithm to Revolutionize Detection of Atrial Fibrillation

Atrial fibrillation (AFib), a condition characterized by an irregular and often rapid heart rate, is linked to increased risks of stroke and heart failure. This is because the irregular heartbeat in AFib... Read more

AI Diagnostic Tool Accurately Detects Valvular Disorders Often Missed by Doctors

Doctors generally use stethoscopes to listen for the characteristic lub-dub sounds made by heart valves opening and closing. They also listen for less prominent sounds that indicate problems with these valves.... Read more

New Model Predicts 10 Year Breast Cancer Risk

Breast cancer screening is a vital tool against the deadly disease, yet it faces its share of challenges. Although it reduces breast cancer-related deaths, it also has the potential to detect non-harmful... Read more

AI Tool Accurately Predicts Cancer Three Years Prior to Diagnosis

Over the past five decades, there has been a surge in cases of a specific type of esophageal and stomach cancer - esophageal adenocarcinoma (EAC) and gastric cardia adenocarcinoma (GCA).... Read more

Critical Care

view channel

Deep-Learning Model Predicts Arrhythmia 30 Minutes before Onset

Atrial fibrillation, the most common type of cardiac arrhythmia worldwide, affected approximately 59 million people in 2019. Characterized by an irregular and often rapid heart rate, atrial fibrillation... Read more

Image: The catheter is equipped with a microchip (Photo courtesy of Autonomix Medical)

Breakthrough Technology Combines Detection and Treatment of Nerve-Related Disorders in Single Procedure

The peripheral nervous system (PNS) serves as the communication network that links the brain and spinal cord to every other part of the body. It consists of two parts: the somatic nervous system, which... Read more

Image: Effect of plasma irradiation on broken bone (Photo courtesy of Osaka Metropolitan University)

Plasma Irradiation Promotes Faster Bone Healing

While most bone fractures heal properly, about 5–10% do not, leading to delayed union or non-union conditions that can cause significant complications, persistent pain, and psychological distress, severely... Read more

Image: The therapeutic tool can be used for children with kidney issues stemming from sepsis (Photo courtesy of 123RF)

New Device Treats Acute Kidney Injury from Sepsis

Sepsis, commonly referred to as "blood poisoning," can occur due to any infectious agent, triggering a systemic response by the body to combat the infection. This response involves the activation of circulating... Read more

Surgical Techniques

view channel

Image: Miniaturized electric generators based on hydrogels for use in biomedical devices (Photo courtesy of HKU)

Hydrogel-Based Miniaturized Electric Generators to Power Biomedical Devices

The development of engineered devices that can harvest and convert the mechanical motion of the human body into electricity is essential for powering bioelectronic devices. This mechanoelectrical energy... Read more

Wearable Technology Monitors and Analyzes Surgeons' Posture during Long Surgical Procedures

The physical strain associated with the static postures maintained by neurosurgeons during long operations can lead to fatigue and musculoskeletal problems. An objective assessment of surgical ergonomics... Read more

Image: The sophisticated 3D printer can manufacture custom-made joint replacements for highly complex cases (Photo courtesy of HSS)

Custom 3D-Printed Orthopedic Implants Transform Joint Replacement Surgery

The evolving field of 3D printing is revolutionizing orthopedics, especially for individuals requiring joint replacement surgeries where traditional implants fail to provide a solution. Although most people... Read more

Image: LUMISIGHT and Lumicell DVS offer 84% diagnostic accuracy in detecting residual cancer (Photo courtesy of Lumicell)

Cutting-Edge Imaging Platform Detects Residual Breast Cancer Missed During Lumpectomy Surgery

Breast cancer is becoming increasingly common, with statistics indicating that 1 in 8 women will develop the disease in their lifetime. Lumpectomy remains the predominant surgical intervention for treating... Read more

Patient Care

view channel

Surgical Capacity Optimization Solution Helps Hospitals Boost OR Utilization

An innovative solution has the capability to transform surgical capacity utilization by targeting the root cause of surgical block time inefficiencies. Fujitsu Limited’s (Tokyo, Japan) Surgical Capacity... Read more

Image: The Instrument Pod is clinically proven to make the OR and sterile processing more efficient (Photo courtesy of Turbett Surgical)

Game-Changing Innovation in Surgical Instrument Sterilization Significantly Improves OR Throughput

A groundbreaking innovation enables hospitals to significantly improve instrument processing time and throughput in operating rooms (ORs) and sterile processing departments. Turbett Surgical, Inc.... Read more

Image: The new Hillrom Progressa Smart+ Bed system is designed to meet hospitals’ evolving needs (Photo courtesy of Baxter)

Next Gen ICU Bed to Help Address Complex Critical Care Needs

As the critical care environment becomes increasingly demanding and complex due to evolving hospital needs, there is a pressing requirement for innovations that can facilitate patient recovery.... Read more

Groundbreaking AI-Powered UV-C Disinfection Technology Redefines Infection Control Landscape

Healthcare-associated infection (HCAI) is a widespread complication in healthcare management, posing a significant health risk due to its potential to increase patient morbidity and mortality, prolong... Read more

Health IT

view channel

Machine Learning Model Improves Mortality Risk Prediction for Cardiac Surgery Patients

Machine learning algorithms have been deployed to create predictive models in various medical fields, with some demonstrating improved outcomes compared to their standard-of-care counterparts.... Read more

Strategic Collaboration to Develop and Integrate Generative AI into Healthcare

Top industry experts have underscored the immediate requirement for healthcare systems and hospitals to respond to severe cost and margin pressures. Close to half of U.S. hospitals ended 2022 in the red... Read more

Image: iQueue for Operating Rooms maximizes OR access by optimizing block and open time (Photo courtesy of Freepik)

AI-Enabled Operating Rooms Solution Helps Hospitals Maximize Utilization and Unlock Capacity

For healthcare organizations, optimizing operating room (OR) utilization during prime time hours is a complex challenge. Surgeons and clinics face difficulties in finding available slots for booking cases,... Read more

Image: AI model spots those at highest risk for up to three years before diagnosis (Photo courtesy of Freepik)

AI Predicts Pancreatic Cancer Three Years before Diagnosis from Patients’ Medical Records

Screening for common cancers like breast, cervix, and prostate cancer relies on relatively simple and highly effective techniques, such as mammograms, Pap smears, and blood tests. These methods have revolutionized... Read more

Point of Care

view channel

Image: The Quantra Hemostasis System has received US FDA special 510(k) clearance for use with its Quantra QStat Cartridge (Photo courtesy of HemoSonics)

Critical Bleeding Management System to Help Hospitals Further Standardize Viscoelastic Testing

Surgical procedures are often accompanied by significant blood loss and the subsequent high likelihood of the need for allogeneic blood transfusions. These transfusions, while critical, are linked to various... Read more

Image: The Xpert HIV-1 Qual XC has been awarded World Health Organization (WHO) prequalification (Photo courtesy of Cepheid)

Point of Care HIV Test Enables Early Infection Diagnosis for Infants

Early diagnosis and initiation of treatment are crucial for the survival of infants infected with HIV (human immunodeficiency virus). Without treatment, approximately 50% of infants who acquire HIV during... Read more

Image: The i-STAT TBI cartridge has received FDA clearance to be used with whole blood (Photo courtesy of Abbott)

Whole Blood Rapid Test Aids Assessment of Concussion at Patient's Bedside

In the United States annually, approximately five million individuals seek emergency department care for traumatic brain injuries (TBIs), yet over half of those suspecting a concussion may never get it checked.... Read more

Image: The new generation StatStrip Glucose Hospital Meter has obtained FDA 510k clearance (Photo courtesy of Nova Biomedical)

New Generation Glucose Hospital Meter System Ensures Accurate, Interference-Free and Safe Use

A new generation glucose hospital meter system now comes with several features that make hospital glucose testing easier and more secure while continuing to offer accuracy, freedom from interference, and... Read more

Business

view channel

Image: Shockwave offers the first and only commercially available IVL platform for CAD and PAD (Photo courtesy of Shockwave Medical)

Johnson & Johnson Acquires Cardiovascular Medical Device Company Shockwave Medical

Johnson & Johnson (New Brunswick, N.J., USA) and Shockwave Medical (Santa Clara, CA, USA) have entered into a definitive agreement under which Johnson & Johnson will acquire all of Shockwave’s... Read more

Mindray to Acquire Chinese Medical Device Company APT Medical

A recent comprehensive industry analysis has shown that the global cardiovascular market has achieved a valuation of USD 56 billion. Notably, the Chinese segment of this market has surpassed USD 6.... Read more

Olympus Acquires Korean GI Stent Maker Taewoong Medical

Olympus Corporation (Tokyo, Japan) has closed the acquisition of Taewoong Medical Co., Ltd. (Seoul, Korea), a manufacturer of medical devices such as gastrointestinal (GI) metallic stents.... Read more

Karl Storz Acquires British AI Specialist Innersight Labs

KARL STORZ (Tuttlingen, Germany), a family-owned MedTech company, has acquired Innersight Labs Ltd. (ISL, London, UK), an innovative software manufacturer for an undisclosed amount. Apart from state-of-the-art... Read more