Due to restricted budgets in emerging markets, many providers continued to purchase analogue solutions and retrofit kits. However, demand has peaked, resulting in a projected year-on-year decline through to 2028 in terms of total revenue. Individual markets such as Africa and India will see positive revenue growth through to 2028 for retrofit solutions, while computed radiography revenues are projected to decline through to 2028 across all markets. Overall, digital radiography systems are responsible for most future growth in the general radiography and fluoroscopy market.
In the long-term, the X-ray market is projected to consolidate as price pressure and homogenisation of product offerings increase between X-ray vendors without multimodal capabilities, as seen with DMS-Imaging’s acquisition of Solutions for Tomorrow.
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About the author: After graduating from the University of Bristol with a BSc in Pharmacology, Max Street joined the Medical Imaging team at Signify Research in 2023, focusing on the X-ray market. Signify Research’s Medical Imaging team formulates expert market intelligence for some of the leading Ultrasound, CT, MR, and X-ray vendors. Combining primary data collection and in-depth discussions with industry stakeholders, our thorough research approach yields credible quantitative and qualitative analysis, helping our customers make critical business decisions with confidence.
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