Market Trends of Germany Digital X-Ray Industry
This section covers the major market trends shaping the Germany Digital X-Ray Market according to our research experts:
Cancer Segment is Expected to Hold a Significant Market Share Over the Forecast Period
The major factors attributing to the growth of the cancer applications for the digital x-ray segment in Germany include the rise in prevalence of cancer disorders and greater applications of digital x-ray devices in diagnosing different types of cancer. Many strategic initiatives are being conducted in Germany, which is expected to boost market growth. In Germany, the burden of illnesses like cancer has considerably increased in recent years. For instance, according to the Globocan 2020 report published by the International Agency for Research on Cancer, there were 284,068 instances of breast cancer in Germany overall in the year 2020. The report also noted that there were 113,542 fatalities. The market for digital x-ray instruments for diagnosis is anticipated to expand due to the high prevalence of breast cancer illnesses. Because there will be more demand for digital x-ray devices for breast cancer diagnostics, this is anticipated to accelerate market growth.
Numerous organizations are also investing in fresh technology, which is likely to foster innovation throughout time. For instance, Berlin-based Vara announced in June 2020 that it had successfully raised EUR 6.5 million in a Series A fundraising round. The company offers machine learning software with CE certification to assist radiologists in concentrating on finding malignancies in mammograms. Utilizing AI technology is probably going to hasten the detection of breast cancer. The use of digital x-rays to diagnose cancer problems in patients is a topic of several research investigations. For instance, researchers from the Department of Gynecology and Obstetrics at Friedrich Alexander University of Erlangen and others published an article in the Therapeutic Advances in Medical Oncology magazine in September 2020 with the title "Assessment of the additional clinical potential of X-ray dark-field imaging for breast cancer in a preclinical setup." The results show that adding X-ray dark-field imaging to digital mammography increases the likelihood of detecting breast cancer and its associated lesions with calcifications smaller than a micrometre. Thus, such studies are expected to increase the market growth.
Therefore, it is anticipated that the aforementioned improvements will further enhance the market growth in this sector.
