Market Size of Industrial Direct Radiography Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 8.30 % |
Fastest Growing Market | North America |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Industrial Direct Radiography Market Analysis
The Global Industrial Direct Radiography Market was valued at USD 497 million at a CAGR of 8.3% over the forecast period (2021 - 2026). Due to advantages as compared to conventional radiography such as less exposure time, improved image quality and possibility of detection, the market is growing manifolds.
- Increased demand for image precision and thus electronic transfer of those images is driving the market growth. It leads to reduced cost for image transport from one site to another. It also causes considerable savings on image archiving, retrieval and storage. There is no handling of physical images thus no chances of image degradation.
- High setup cost is one of the challenging factors which is restraining the market growth. The initial cost of equipment is high as compared to conventional radiography.