Radiographs or x-rays are very essential diagnostic methods, which has always been a part of life for ages. Up until 2005, global x-ray market was always dominated by analog radiography techniques. The scenario is changing at a fast pace. Digital radiography or x-ray imaging is replacing the conventional systems from all the verticals. This advanced technology works with digital sensors instead of traditional films. Digital transfer rate, time efficiency and accuracy are the three basic advantages and driving factors for the global digital x-ray market.
Digital radiography (DR) Computer radiography (CR) are leading the digital x-ray market towards a booming growth. better image quality, fast results, low dosage of contrast media, better image storing options, compliancy with digital record management systems and immediate analysis are a few advantages of these techniques. Constantly evolving nature of the market is paired with proficient technological advancements. Both these reasons are serving as the strong drivers for the global industry. all these benefits are also cost effective, which makes them a welcome change.
The diverse nature of applications and easy usability of these techniques is driving majority of hospitals and diagnostic centers to use them. The biggest disadvantage of the traditional systems that works against them is the risk of exposure to excessive radiation. Digital radio imaging instead has advanced adoption abilities that suit with PACS (picture archiving and communication system). Requirement for fast and effective imaging tools, growing demand from aging population and advanced automation are also considerable factors for the growing market on global stage.
Diverse segmentation in global digital x-ray market affects geographical demands of this imaging technology. Segmentation in the market is mainly based on the types, products and applications of the x-ray technologies. CR and DR are the basic types of digital x-ray imaging, which are available in the forms of CCD, CMOS, flat pane detectors, software programs and x-ray contrast media. The application areas include chest x-ray, dental imaging, fluoroscopy, mammography and other diagnostics. This diversity affects the CAGR of the market, which determines the latest trends and forecasting.
According to the marketing research reports, the market is anticipated to grow at the CAGR of 4.51%. Digital radiography is the fast growing segment of the market, which is estimated to record the CAGR of 5.43%. Currently, around 70% of market is occupied by computed radiography, which is expected to be replaced by low cost digital radiography. According to the forecasting reports from 2013 to 2018, North America and Europe are the market leaders, which are expected to be surpassed by aggressively growing Asia Pacific region. Developing countries are estimated to play a pivotal role in the years to come.
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