Global Computed Radiography Market Outlook
Revenue, 2024
$4.3B
Forecast, 2034
$9.1B
CAGR, 2025 - 2034
7.8%
The Computed Radiography industry revenue is expected to be around $4.6 billion in 2025 and expected to showcase growth with 7.8% CAGR between 2025 and 2034. The healthcare sector drives the increasing demand for Computed Radiography because it uses this technology for diagnostic imaging purposes. The technology stands out because it produces high-resolution images which help doctors make precise medical diagnoses and develop proper treatment plans. The technology remains important because it helps decrease radiation exposure to patients which improves their safety. The market demand for Computed Radiography grows because healthcare providers need efficient diagnostic tools to address rising chronic diseases and an aging population.
The digital imaging technology of Computed Radiography uses phosphor imaging plates to replace traditional X-ray films for image capture. The technology provides high resolution images while requiring lower radiation doses and enabling quick image processing. The applications of Computed Radiography exist in three main sectors which include healthcare and industrial testing and aerospace. The healthcare industry uses this technology extensively for orthopedic imaging as well as mammography and dental radiography applications.
Market Key Insights
- The Computed Radiography market is projected to grow from $4.3 billion in 2024 to $9.1 billion in 2034. This represents a CAGR of 7.8%, reflecting rising demand across Medical Imaging, Veterinary Imaging and Non-Destructive Testing.
- Agfa-Gevaert Group, FUJIFILM Holdings Corporation, Konica Minolta Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Computed Radiography market and are expected to observe the growth CAGR of 5.1% to 7.5% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and Indonesia are expected to observe highest growth with CAGR ranging between 9.0% to 10.8%.
- Transition like Digitization in Healthcare is expected to add $278 million to the Computed Radiography market growth by 2030.
- The Computed Radiography market is set to add $4.8 billion between 2024 and 2034, with manufacturer targeting Oncology & Cardiovascular Clinical Applications projected to gain a larger market share.
- With Technological advancements in medical imaging, and Increasing demand in veterinary applications, Computed Radiography market to expand 112% between 2024 and 2034.
Opportunities in the Computed Radiography
The market development of advanced Computed Radiography systems also depends on strategic partnerships between essential market participants. The healthcare sector benefits from technical expertise sharing between partners which results in innovative solutions that meet its evolving needs.
Growth Opportunities in North America and Asia Pacific
The Computed Radiography market remains prominent in North America especially in the United States. The strong healthcare facilities combined with numerous chronic diseases in the region create substantial demand for sophisticated radiographic systems. The region maintains its leadership position because market leaders dedicate resources to research and development activities. The market faces intense competition because companies maintain their focus on developing technologically advanced solutions. Businesses maintain their market position by creating computed radiography systems that produce high-quality images while reducing processing time and maintaining cost efficiency.
The Asia Pacific region shows potential as a market for Computed Radiography because of China and Indias fast-growing healthcare sectors. The regions expanding population together with rising disease cases that need diagnostic imaging creates rising demand for computed radiography systems. The market faces intense competition because local and international companies actively compete for market share. The region experiences growth because of government healthcare modernization programs and rising healthcare infrastructure investments and digital imaging system adoption over traditional film-based radiography.
Market Dynamics and Supply Chain
01
Driver: Technological Advancements in Medical Imaging, and Expansion of Digital Radiography in Industrial Applications
The Computed Radiography market has also experienced rapid expansion because of quick technological advancements in medical imaging. The market demand for Computed Radiography systems has also increased because of high-resolution imaging equipment and software development. The systems deliver exceptional image quality which helps medical staff diagnose and treat diseases better. The healthcare sector will also experience market growth of Computed Radiography because this trend shows no signs of slowing down. The industrial sector has also witnessed a surge in the adoption of digital radiography, including Computed Radiography. Industries such as aerospace, automotive, and manufacturing are also increasingly utilizing Computed Radiography for non-destructive testing. This technology provides detailed images that help in detecting defects and irregularities in products, ensuring their quality and safety.
The veterinary field uses Computed Radiography extensively for its various applications. The requirement for precise animal healthcare diagnosis has also driven veterinary clinics to implement Computed Radiography systems. The systems deliver high-quality images which enable veterinarians to make exact diagnoses and provide appropriate treatments. The increasing veterinary market demand for Computed Radiography systems also represents a major growth opportunity for this market.
02
Restraint: High Installation and Maintenance Costs
The high costs of installing and maintaining computed radiography systems create obstacles for numerous healthcare providers. The systems demand major financial outlays that create challenges for smaller clinics and hospitals and developing country healthcare facilities. The financial limitations prevent healthcare providers from adopting computed radiography systems which restricts market expansion.
03
Opportunity: Growing Demand for Computed Radiography in Emerging Markets and Technological Advancements in Computed Radiography
The market for Computed Radiography will experience substantial growth in emerging markets including India, China and Brazil. The growth of healthcare spending together with expanding patient numbers and better understanding of early diagnosis benefits drives this expansion in these regions. Companies operating in the Computed Radiography market can capitalize on this opportunity to establish themselves in new international markets.
The ongoing technological advancements in medical imaging create substantial opportunities for Computed Radiography. The medical field will adopt Computed Radiography more widely because of its improved high-resolution imaging capabilities and 3D visualization features. The technological advancements in medical imaging systems lead to better diagnostic precision and improved patient care and treatment results.
04
Challenge: Lack of Skilled Professionals
Computed radiography is a specialized field that requires trained professionals for its operation and interpretation of results. The scarcity of skilled professionals in this field can impede the widespread adoption of computed radiography technology. This lack of expertise can lead to incorrect interpretation of results, thereby affecting the reliability and effectiveness of the technology. This factor serves as a significant on the market demand for computed radiography.
Supply Chain Landscape
1
Raw Material Acquisition
3MDuPont
2
Component Manufacturing
FujifilmKonica Minolta
3
Assembly & Testing
GE HealthcarePhilips Healthcare
4
Distribution & End-User
Medical ImagingNon-Destructive Testing
1
Raw Material Acquisition
3MDuPont
2
Component Manufacturing
FujifilmKonica Minolta
3
Assembly & Testing
GE HealthcarePhilips Healthcare
4
Distribution & End-User
Medical ImagingNon-Destructive Testing
Use Cases of Computed Radiography in Medical Imaging & Veterinary Imaging
Medical Imaging : Computed Radiography is extensively used in the field of medical imaging. This technology is primarily used for capturing radiographic images in a digital format, which can be easily stored, retrieved, and transmitted. The most common of Computed Radiography used in medical imaging is Photostimulable Phosphor Plate systems. These systems offer unique advantages such as high image quality, lower radiation dose, and quick image processing. Top players in this application include GE Healthcare and Fujifilm, known for their advanced imaging solutions and strong market position.
Non-Destructive Testing : Another significant application of Computed Radiography is in Non-Destructive Testing.Here, it is primarily used to inspect the integrity of structures and materials without causing any damage. The Direct Radiography systems are commonly used in NDT due to their high-speed imaging and superior image quality. Companies like Carestream and DRR NDT are leading players in this sector, offering innovative solutions and holding a strong market position.
Veterinary Imaging : Computed Radiography also finds application in veterinary imaging. It is used for diagnosing and treating diseases in animals. The Compact Computed Radiography systems are mostly used in this application due to their portability and ease of use. Leading players in this sector include Agfa Healthcare and Sound, recognized for their advanced veterinary imaging solutions and market dominance.
Recent Developments
In recent years, the global market for Computed Radiography has experienced significant growth, driven by advancements in medical imaging technology and the increasing demand for digital diagnostic systems. The transition from traditional film-based radiography to digital systems has been a crucial factor propelling theindustry'sgrowth.
December 2024 : Global leader in medical imaging technology, Siemens Healthineers, announced the launch of their next-generation Computed Radiography system, promising enhanced image quality and faster processing times
October 2024 : GE Healthcare unveiled a new Computed Radiography device with AI capabilities, aiming to improve diagnostic accuracy and patient outcomes
August 2024 : Philips Healthcare introduced a Computed Radiography solution that integrates seamlessly with existing PACS systems, offering healthcare providers a flexible and cost-effective upgrade path.
Impact of Industry Transitions on the Computed Radiography Market
As a core segment of the Medical Device industry,
the Computed Radiography market develops in line with broader industry shifts.
Over recent years, transitions such as Digitization in Healthcare and Advancements in AI have redefined priorities
across the Medical Device sector,
influencing how the Computed Radiography market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Digitization in Healthcare
The healthcare industry has been undergoing a significant transformation with the advent of digital technologies. Computed Radiography, being a part of this digital revolution, has seen a substantial shift from traditional film-based radiography to digital imaging. This transition has not only improved the efficiency and speed of diagnostic procedures but also significantly reduced the cost of storage and maintenance of radiographic images. The digital images can be easily stored, retrieved, and shared, enabling better collaboration among healthcare professionals and improving patient care. This industry transition is expected to add $278 million in the industry revenue between 2024 and 2030.
02
Advancements in AI
The integration of AI in Computed Radiography has brought about another significant industry transition. AI algorithms can analyze radiographic images with high precision, identifying abnormalities and diseases that may be missed by human eyes. This has led to improved diagnostic accuracy and faster treatment decisions, thereby enhancing patient outcomes. The impact of this transition extends beyond the healthcare industry, influencing the research and development efforts in AI and ML technologies.