Market Size of Italy Digital X-Ray Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 415.93 Million |
Market Size (2029) | USD 578.75 Million |
CAGR (2024 - 2029) | 6.83 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Italy Digital X-Ray Market Analysis
The Italy Digital X-Ray Market size is estimated at USD 415.93 million in 2024, and is expected to reach USD 578.75 million by 2029, growing at a CAGR of 6.83% during the forecast period (2024-2029).
The COVID pandemic had an adverse effect on the digital X-ray market growth. For instance, according to information provided by the Organization for Economic Co-operation and Development (OECD) in 2021, there were 4,991,151 computed tomography exams performed in Italy in 2020 as opposed to 5,809,718 in 2019. Additionally, as per the OECD estimates there were 55,863 total knee replacement procedures performed in the country in 2020 as opposed to 82,067 in 2019. This had a significant impact on how many digital x-ray scans were necessary to accurately diagnose the illness, and additional treatments had to be stopped. In Italy, numerous research projects are being conducted in the area of digital x-ray imaging for cancer diagnosis. For instance, researchers from the Radiology Unit, Istituto Scientifico Romagnolo per lo Studio e la Cura dei Tumori, released an article in December 2020 with the title "Radiology imaging management in an Italian cancer center (IRST IRCCS) during the COVID-19 pandemic." All urgent and semi-urgent x-ray exams, including those to stage newly diagnosed cancers and gauge treatment response, were reportedly assured during the epidemic, ensuring the patients' diagnostic and therapeutic routes would continue. The market growth is therefore anticipated to be boosted by effectively managing the patient flow during emergencies like COVID-19. Thus, in the upcoming future, the market is expected to grow.
Factors such as increasing chronic disorders coupled with increasing initiatives by market players are expected to increase the market growth. According to a June 2021 article by the National Library of Medicine titled "Cardiovascular disease burden: Italian and global perspectives," age-standardized estimates of cardiovascular disease prevalence in Italy are similar, but the country's crude prevalence is almost two times higher than the global prevalence (12.9% vs. 6.6%). The prevalence of heart illness is expected to fuel market expansion. The prevalence of dental caries is especially high among children in Italy, according to studies, which is predicted to support market expansion. For example, only 30.45% of the children were caries-free, with 32.05% of the children being female and 29.62% being male, according to the Scientific Reports Journal article titled "Caries severity and socioeconomic inequalities in a nationwide setting: data from the Italian National Pathfinder in 12-year-old children" published in September 2020. The high prevalence of caries is expected to create demand for x-ray equipment for associated disease diagnosis leading to market growth. Hence, the above factors are further expected to improve the market growth in the coming years.
Italy Digital X-Ray Industry Segmentation
As per the scope of this report, digital X-ray or digital radiography is a form of X-ray imaging where digital X-ray sensors are used instead of traditional photographic films. This has an added advantage of time efficiency and the ability to transfer images digitally and enhance them for better visibility. This method bypasses the chemical processing of photographic films. Digital X-ray imaging has high demand, as it requires less radiation exposure compared to traditional X-rays. Italy Digital X-Ray Market is Segmented by Application (Orthopedic, Cancer, Dental, Cardiovascular, and Other Applications), Technology (Computed Radiography, and Direct Radiography), Portability (Fixed Systems, and Portable Systems), and End User (Hospitals, Diagnostic Centers, and Other End Users). The report offers the value (in USD million) for the above segments.
By Application | |
Orthopedic | |
Cancer | |
Dental | |
Cardiovascular | |
Other Applications |
By Technology | |
Computed Radiography | |
Direct Radiography |
By Portability | |
Fixed Systems | |
Portable Systems |
By End User | |
Hospitals | |
Diagnostic Centers | |
Other End Users |
Italy Digital X-Ray Market Size Summary
The Italy digital X-ray market is poised for significant growth over the forecast period, driven by a combination of technological advancements and increasing healthcare demands. The market is expected to expand as a result of the rising prevalence of chronic diseases, such as cardiovascular conditions and dental caries, which necessitate advanced diagnostic imaging solutions. The COVID-19 pandemic initially hindered market growth by disrupting routine medical procedures; however, it also highlighted the importance of efficient diagnostic imaging in managing patient care during emergencies. Research initiatives in digital X-ray imaging for cancer diagnosis have continued to progress, ensuring that critical imaging services remain available. This focus on maintaining diagnostic capabilities during crises is anticipated to contribute positively to market expansion.
The competitive landscape of the Italy digital X-ray market is characterized by the presence of major players such as Siemens Healthineers AG, GE Healthcare, Fujifilm Holdings Corporation, Shimadzu Corporation, and Carestream Health. These companies are actively engaged in strategic collaborations and technological innovations to enhance their market offerings. For instance, partnerships like that between Roche Italia and Fujifilm Italia aim to bolster breast cancer screening efforts, while acquisitions such as Affidea's purchase of Centro Diagnostico Lodigiano expand diagnostic imaging services. The integration of Artificial Intelligence in diagnostic imaging is also expected to drive market growth by providing high-value services to healthcare professionals and patients alike. As these developments continue, the market is set to experience robust growth, supported by both governmental and private sector investments in healthcare infrastructure.
Italy Digital X-Ray Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Chronic Diseases
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1.2.2 Increasing Technological Advancements
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1.3 Market Restraints
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1.3.1 High Cost of Equipment
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Application
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2.1.1 Orthopedic
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2.1.2 Cancer
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2.1.3 Dental
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2.1.4 Cardiovascular
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2.1.5 Other Applications
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2.2 By Technology
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2.2.1 Computed Radiography
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2.2.2 Direct Radiography
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2.3 By Portability
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2.3.1 Fixed Systems
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2.3.2 Portable Systems
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2.4 By End User
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2.4.1 Hospitals
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2.4.2 Diagnostic Centers
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2.4.3 Other End Users
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Italy Digital X-Ray Market Size FAQs
How big is the Italy Digital X-Ray Market?
The Italy Digital X-Ray Market size is expected to reach USD 415.93 million in 2024 and grow at a CAGR of 6.83% to reach USD 578.75 million by 2029.
What is the current Italy Digital X-Ray Market size?
In 2024, the Italy Digital X-Ray Market size is expected to reach USD 415.93 million.