Europe Digital Radiography System Market- Industry Growth, Outlook 2019
Radiography or imaging is a process of screening of anatomical structures that are present inside the body. The X-rays are utilized to produce radiographs of several components such as oral cavity, tissues, and other skeletal components. The images produced are used for disease detection and imaging-guided procedures such as minimally invasive surgeries. The growth of the older population in the European region is one of the major factors driving the growth of digital radiography systems market. The number of people aged 85 years is anticipated to rise from 19 million by 2020 to 40 million by 2050. This will further affect the median age in European population and will reach 50 years by 2050 from 38 years in 2005. Some of the conditions such as cancers, cardiovascular and dental diseases are associated with age.
Escalation in the prevalence of chronic diseases is also witnessed due to lifestyle choices and rising obesity among the population which also encompass as some of the significant parameters that are driving the market size. In addition to this, surging disposable income in EU countries and greater R&D budgets have also increased the focus on technological advancements. Strict government laws regarding radiation exposure will further escalate the market growth in this region. However, unfavorable reimbursement policies by government and high installation cost of digital radiography systems may hinder the growth of this market. Moreover, the lack of technicians and skilled workforce is affecting the adoption of technology. To add on, the emergence of artificial intelligence in recent years is also projected to lead the astonishing growth of this industry. Radiographs produced with AI integrated systems are more accurate.
Technological advancements are being observed in this industry.
The market is projected to grow from US$ 2288.2 Million in 2018 to US$ 3504.2 Million in 2025 with a CAGR of 6.36%.
Several equipment such as Scanners, Sensors Scintillator and Phosphor Imaging Plate (PIP) can be deployed for the acquisition of radiographs. Earlier photographic film was the solitary medium of capturing these images. However, digital radiography is influencing the market growth due to the safety associated with it.
Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology
Get FREE Sample of this Report @ https://www.24marketreports.com/request-sample/europe-digital-radiography-system-insights-forecast-emphasis-on-technology-equipment-portability-application-endusers-2019-2025-754
The incredible penetration of portable digital radiography systems is witnessed in the European region due to the compactness of these systems. The Radiography has a huge application in cardiology, dentistry, orthopedics, mammography, and fluoroscopy & tumor detection. The growing market of prosthetics and cosmetic dentistry is also acted as a buffer for the adoption of these systems. The market has been influenced by several end users such as clinics, hospitals, diagnostic centers, and research institutes. However, the high cost of the imaging system is affecting the market as the lack of funds with solo practitioners is hampering the market potential in Europe.
Germany is projected to dominate the digital radiography systems market with a market share of US$ 891.7 Million (2025) followed by United Kingdom (UK) which is projected to constitute a market share of US$ 798.6 Million in 2025.
Strict government regulations regarding the usage of digital X-ray systems has impeded the growth prospects of digital imaging in certain regions. GE Healthcare, Siemens Healthineers, Philips Healthcare, Shimadzu Corporation, Fujifilm Holdings, Hitachi Medical Corporation, Esaote S.p.A., Carestream Health, and Agfa-Gevaert NV are some of the prominent players of this industry. These players tend to expand their geographical reach by the commencement of several M&A's along with partnerships. Government funding facilitates players for the manufacturing of hi-tech and innovative products. Moreover, changing healthcare trends also affect the market.
European Digital Radiography market stood at US$ 2,288.2 million in 2018. The sector is expected to grow at a CAGR of 6.36% during the forecast period 2019-2025 to reach a market valuation of US$ 3,504.2 million by 2025.
Germany dominated the European Digital Radiography market in 2018, generating revenue of US$ 590.1 million. However, the Netherlands is expected to witness the highest CAGR growth of 7.60% during the analyzed period.
Get the Complete Report & TOC @ https://www.24marketreports.com/life-sciences/europe-digital-radiography-system-insights-forecast-emphasis-on-technology-equipment-portability-application-endusers-2019-2025-754