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Global Digital Radiology Market: Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018
Date:9/19/2013

h and development activities in the field have given rise to newer, more compact and powerful equipments, which have provided additional growth to the industry. Strong market competition is resulting in annual 4-7% price erosion. This has made the devices become affordable and enhanced the market penetration. Increased application areas such as minimally invasive procedures, pain management, orthopedics, neurovascular and others have increased the market adoption.

Initial installation cost and cost outlay is very high for digital radiography setups. The average cost of devices is above USD 50,000 which is limiting its adoption by small clinics and outpatient diagnostic centers. Serious concerns have been raised by healthcare professionals due to the radiation exposure caused to patients during radiological examination. Future, the market is expected to be inclined towards a safer device which can produce enhanced image quality with minimum use of radiation. Quality of image is determined by the number of pixels – higher the pixels, higher will be the quality. But high numbers of pixels also causes high noise which is a technological restraint.

The digital radiology devices market is extremely competitive with a close gap between Siemens Healthcare, GE Healthcare, Philips Healthcare, Canon Medical, Konica Minolta and Fujifilm. Siemens Healthcare is the market leader with about 12.9% revenue share in 2012.

This report is an effort to identify factors, which will be the driving force behind the digital radiology market and sub-markets in the next few years. The report provides extensive analysis of the digital radiology industry, current market trends, industry drivers and challenges for better understanding of the digital radiology market status. The report has segregated the digital radiology industry in terms of product, and geography.

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