The global dynamic digital radiography market is experiencing growth due to several factors, including, the high adoption of dynamic digital radiography equipment in the diagnosis of chronic diseases, low emission of radiation by dynamic digital radiography equipment, and real-time imaging by dynamic digital radiography.
PORTLAND, Ore., Sept. 27, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Dynamic Digital Radiography Market by Application (Orthopedics, Pulmonology, And Others), End User (Hospitals, Clinics and Others), Global Opportunity Analysis and Industry Forecast, 2023–2032." According to the report, the dynamic digital radiography market was valued at $225.5 million in 2022 and is projected to reach $636.5 million by 2032, registering a CAGR of 11.0% from 2023 to 2032.
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Dynamic Digital Radiography (DDR) is a new low dose X-ray imaging technology that enables visualization of anatomical anatomy in motion. It is capable of obtaining up to 15 consecutive radiographs in a second, allowing for the observation of physiological cycles and individual radiographic images up to 17"x17" in size. X-ray that moves is not a fluoroscopy, but rather the X-ray predecessor to CT or MRI, and is derived from digital radiography.
Prime Determinants of Growth:
The global dynamic digital radiography market is experiencing growth due to several factors, including, the high adoption of dynamic digital radiography equipment in the diagnosis of chronic diseases, low emission of radiation by dynamic digital radiography equipment, and real-time imaging by dynamic digital radiography. Furthermore, the high cost of dynamic digital radiography equipment restrains market growth. On the other hand, the rise in awareness about the ALARA (As Low as Reasonably achievable) principle is expected to create opportunities in the global dynamic digital radiography market.
Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2023–2032 |
Base Year | 2022 |
Market Size in 2022 | $225.5 Million |
Market Size in 2032 | $636.5 Million |
CAGR | 11.0 % |
No. of Pages in Report | 217 |
Segments Covered | Application, End User, and Region |
Drivers | High adoption of dynamic digital radiography equipment in the diagnosis of chronic diseases |
Low emission of radiation by dynamic digital radiography equipment | |
Real-time imaging by dynamic digital radiography | |
Opportunities | Rise in awareness about ALARA (As Low as Reasonably Achievable) principle |
Restraints | High cost of dynamic digital radiography equipment |
What is the Impact of Recession 2023 on Dynamic Digital Radiography Market:
- The global recession has created a challenging environment for the dynamic digital radiography market.
- The high inflation rate and employee layoff by a few major players such as Philips, has negatively impacted new product development and research activities.
- However, the market for dynamic digital radiography is expected to recover owing to rise in adoption of dynamic digital radiography for evaluating functional aspects of the internal structures of the body such as organs, bones and joints.
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The orthopedics segment to maintain its leadership status throughout the forecast timeframe-
Based on application, the orthopedics segment held the largest market share in 2022, accounting for more than half of the global dynamic digital radiography market revenue, and is expected to maintain its leadership status throughout the forecast timeframe. The same segment would also display the fastest CAGR of 11.4% from 2023 to 2032. This is due to the surge in incidence of traumatic injuries.
The diagnostic centers segment to maintain its lead position during the forecast period-
Based on end user, the diagnostic centers segment held the largest market share in 2022, accounting for nearly three-fifths of the global dynamic digital radiography market revenue, and is expected to maintain its lead position during the forecast period. This is attributed to the high adoption of dynamic digital radiography by diagnostic centers to diagnose large patient bases. However, the hospital segment is expected to register the highest CAGR of 11.6% from 2023 to 2032. owing to a rise in the use of dynamic digital radiography to diagnose a wide range of diseases in hospitals.
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North America segment to maintain its dominance by 2032-
Based on region, the North America segment held the largest market share in 2022, accounting for more than two-fifths of the global dynamic digital radiography market revenue, and is expected to maintain its dominance by 2032. This is attributed to the surge in incidence of traumatic injuries and well-developed healthcare infrastructure. However, the Asia Pacific region is expected to register the highest CAGR of 11.9% during the forecast period. Owing to surge in prevalence of chronic respiratory disease and strong presence of major key players.
Leading Market Players: -
- GE Healthcare
- Koninklijke Philips N.V.
- Fujifilm Corporation
- Konica Minolta
- Shimadzu Corporation
- Shenzhen Angell technology Co., Ltd.
- Nanjing Prelove Medical Equipment Co., Ltd.
- Anode imaging
- Siemens Healthineers AG
- Brown Medical Imaging
The report provides a detailed analysis of these key players in the global dynamic digital radiography market. These players have adopted different strategies such as merger and geographical expansion to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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