Market Trends of Brazil Digital X-Ray Industry
This section covers the major market trends shaping the Brazil Digital X-Ray Market according to our research experts:
Direct Radiography Segment is Expected to Hold a Significant Market Share Over the Forecast Period
A sort of cutting-edge X-ray inspection equipment known as digital radiography (DR) or direct digital radiography quickly generates a digital radiographic image on a computer. The rising incidence of cancer disorders and endeavors by major market participants are some of the factors impacting this industry's growth in Brazil. Brazil reported 592,212 new instances of cancer in 2020, and Globocan 2020 predicts that by 2040, there would be 994,823 new cases. The predicted rise in cancer cases would have an impact on the nation's use of digital x-rays, which are used to diagnose many different types of cancer. The market under consideration is therefore expected to grow significantly during the next years. The market is expanding as a result of more direct radiography equipment being installed in hospitals. For instance, a press release from July 2020 states that the Hospital das Clinicas of the Federal University of Minas Gerais State in Brazil (HC-UFMG) recently purchased an Agfa DX-D 100 Direct Radiography (DR) to boost the number of bedside X-ray tests it can perform. Similar to this, the Hospital Municipal de Simes Filho in Bahia, Brazil purchased two Agfa DR 100e Direct Radiography (DR) equipment in November 2021 for increased productivity and improved bedside imaging examination quality. Additionally, Agfa DX-D 100 Direct Radiography (DR) devices, which would enhance workflow and raise exam quality, were purchased by Suzano Auxiliary Hospital in Brazil in December 2020. In Brazil's market for this application, there are numerous activities happening, including product releases and approvals, partnerships, collaborations, mergers, and acquisitions. For instance, Agfa declared in June 2020 that it had partnered with VMI Technologies to begin producing digital radiography in Brazil.
Therefore, it is anticipated that the aforementioned improvements will further enhance the market growth in this sector.