According to FutureWise analysis the market for Digital Radiology in 2023 is US$ 4.75 billion, and is expected to reach US$ 8.06 billion by 2031 at a CAGR of 6.80%.
The rise in the incidence of chronic illnesses, sports-related injuries, and cancer has fueled the expansion of the digital radiology sector. Many patients, particularly in developing nations, have imaging tests every year. Furthermore, future population expansion will increase demand for digital radiology detectors, boosting the digital radiology market's growth. One of the significant digital radiography market trends is that older persons acquire age-related diseases, necessitating the usage of a range of radiographic tests. However, the market's expansion is hampered by the high prices of these tests and a shortage of qualified practitioners. In addition, leading manufacturers are focusing on supplying innovative technologies to end users, notably for C-arms and fluoroscopy devices, which will help the digital radiology market grow in the future.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Digital Radiology Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Digital Radiology Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.