Radiology X-Ray Film Digitizers Market Size, Share, Growth and Industry Analysis, By Type (Stationary type, and, Portable type) By Application (Hospital, Clinic, and, Others), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Radiology X-Ray Film Digitizers Market REPORT OVERVIEW

• 

• to learn more about this report

global radiology x-ray film digitizers market size was USD 65 million in the year 2022 and market is projected to touch 114.43 Million by 2031, exhibiting a CAGR of 6.4% during the forecast period (2022- 2031). In the market study, our analysts have considered radiology x-ray film digitizers players such as VIDAR Systems Corporation (3D Systems), Shanghai Microtek Technology, Angell Technology, iCRco, Inc., Radlink, JPI Healthcare Solutions, Trivitron Healthcare.

Radiology X-ray film digitalizers are devices and equipments that are used for the purpose of converting analog X-ray films into digital format. This is done in order to increase the convenience of storage, analysis, and mainly transmission. These devices are mainly reliant on a scanning mechanism which is used for the purpose of capturing the images that are then converted into digital image files. These devices have a wide range of application and are in high demand in the market.

Artificial intelligence and cloud computing are two of the most potent tools that are being integrated in most of the industries. X-ray film digitalizers are also making use of these technologies to improve their precision and efficiency. This is considered as the latest trend in the market.

There has been a growing need for quicker and more accurate analysis of medical conditions. Value based care models provide both cost-effectiveness as well as good quality outcomes. All of These factors have favored the radiology X-Ray film digitizers market growth.

COVID-19 Impact: Growing Need of Diagnostic Imaging During Pandemic Increased Market Growth

The pandemic of COVID-19 led to the decline in the performance of several markets all over the world. This was mainly due to factors such as lockdowns, strict social distancing norms, disruption in the supply chain, unavailability of skilled personnel, and fluctuations in the price of the raw materials. However, some industries like the technology sector, and medical sector experienced considerable growth even during the period of pandemic.

The outbreak of coronavirus was a health emergency that was declared throughout the world. With an increase in the death rates, medical treatments became necessary to save the lives of people. In order to properly diagnose the conditions of the patient diagnostic images were highly important. As a result, the need for digitalized solutions increased significantly. Therefore, the market was positively impacted even during the pandemic time.

LATEST TRENDS

"Growing Demand for AI Powered Software Solutions to Propel Market Growth"

Artificial Intelligence (AI) has become one of the most powerful tools used by various sectors to accomplish different tasks. Integration of AI will not only increase the efficiency of the process but will also reduce the chances of any errors by prioritizing accuracy. Radiology X-ray film digitalizers also make use of AI-powered software solutions.

These solutions will provide them with interpretation of medical images and also will enable automated analysis. Another feature of AI powered softwares is that they assist the radiologists in finding out any kind of abnormalities. Accurate analysis can be provided even by analyzing large volumes of data. This is considered as the latest trend in the market.

Radiology X-Ray Film Digitizers Market SEGMENTATION

• 

• to learn more about this report

• By Type:

The market can be divided on the basis of type into the following segments:

Stationary type, and, portable type. The stationary type segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Hospital, clinic, and, others. The hospital segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Rising Need for Faster and More Accurate Analysis of Medical Conditions to Accelerate Market Growth"

The market growth is propelled by the rising need for quicker and more accurate analysis of medical conditions. In certain situations, analyzing the medical condition itself can be highly time consuming. Therefore, the need for advanced diagnostic imaging solutions have increased, positively impacting the radiology X-Ray film digitizers market share.

Increasing prevalence of diseases such as cancer, and, cardiovascular conditions will further increase the demand for X-ray film digitalizers. A new development that is being witnessed in the market is the integration of digitalizers with cloud-based platforms. By doing this security level increases and medical records as well as imaging data can be accessed from anywhere any time. All of these factors are ensuring the growth and development of the market.

"Adoption of Value-based Care Models to Propel Market Growth "

Value based care models are being adopted at a very rapid rate in most of hospitals as they prioritize both cost effectiveness and quality of the outcome that is provided. Healthcare providers are highly reliant on digitalization solutions as they guide them in reducing as many errors as possible. They also streamline the workflows increasing the efficiency of the overall process.

Another factor that is responsible for the growth of the market includes the introduction of compact and portable imaging equipments. Such equipments can be used even in under-reserved, remote, and isolated areas. Growth of precision diagnostics, and personalized medication will further fuel the market growth. All of the above-mentioned factors will play a crucial role in developing the radiology X-Ray film digitizers market growth.

RESTRAINING FACTOR

"Lack of Skilled Professionals to Operate These Equipments to Bring Down Market Growth"

In spite of providing various benefits, and being used in several different sectors, radiology X-Ray film digitizers also have certain disadvantages that can hamper the growth of the market. One such factor is the lack of skilled professionals to operate these equipments. Proper knowledge is highly necessary to efficiently operate such complicated machineries. Without the presence of trained personnels it is difficult to operate radiology X-Ray film digitizers.

Another major threat to the market is risk of breach of cyber security. This can result in the compromising of both confidentiality and integrity of a person’s data. High cost of digitalized solutions can be yet another barrier in the development of the market share. All of these factors are restraining the market growth.

Radiology X-Ray Film Digitizers Market Regional Insights

• 

• to learn more about this report

"North America to Dominate Market in Upcoming Years"

Currently, North America is identified as the leading market shareholder in the market. Several favorable factors have helped in the rapid development of market in this region. The major factor is the presence of established healthcare providers in this region. Large amounts are funded on research and development.

Integration of newly developed technologies will enhance the customer base for the products. Also, the higher rates of chronic diseases and increasing geriatric population North America will contribute for the rising need of proper digitalized solutions.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• VIDAR Systems Corporation (3D Systems) (U.S.)
• Shanghai Microtek Technology (China)
• Angell Technology (China)
• iCRco, Inc. (U.S.)
• Radlink (U.S.)
• JPI Healthcare Solutions (U.S.)
• Trivitron Healthcare (India)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The report also covers the list of key market players included in the market to get an idea of the competition in the market.