by Market Overview:
The global Portable X-ray Devices Market is estimated to be valued at US$ 6,437.8 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Portable X-ray devices find application in various medical settings due to their ease of use and portability. These devices offer several advantages such as on-site imaging, reduced patient transfer time, and convenience for healthcare practitioners. The need for portable X-ray devices has increased due to the growing demand for point-of-care diagnostics and the rising geriatric population.
Market Key Trends:
One key trend in the Portable X-ray Devices Market is the increasing adoption of wireless and mobile X-ray devices. These devices offer enhanced mobility, allowing healthcare professionals to perform diagnostic imaging at the patient’s bedside or in remote locations. The wireless technology eliminates the need for wired connections, making it easier to maneuver and reducing the risk of tripping hazards. Additionally, mobile X-ray devices offer real-time imaging, allowing immediate diagnosis and timely treatment. The demand for wireless and mobile X-ray devices is expected to grow rapidly in the coming years, driven by the need for efficient and convenient imaging solutions in emergency care, ICU settings, and home healthcare settings.
Segment Analysis:
The Portable X-Ray Devices Market Size can be segmented based on product type, technology, application, end-use, and region. In terms of product type, the market can be divided into digital X-ray devices and analog X-ray devices. The digital X-ray devices segment is expected to dominate the market due to its advantages such as better image quality, lower radiation exposure, and faster processing time. Furthermore, the increasing adoption of digitalization in healthcare facilities and the growing preference for portable and lightweight devices are driving the growth of this segment.
Based on technology, the market can be categorized into computed radiography (CR), direct radiography (DR), and others. The direct radiography segment is projected to hold a significant market share due to its ability to provide real-time imaging, high image resolution, and improved diagnostic accuracy.
Regarding application, the market can be segmented into orthopedics, cardiovascular, respiratory, dental, and others. The orthopedics segment is anticipated to dominate the market as portable X-ray devices are extensively used for bone fracture detection, joint assessment, and orthopedic surgeries.
In terms of end-use, the market can be classified into hospitals, diagnostic centers, ambulatory surgical centers, and others. The hospital segment is expected to hold a major market share due to the rising number of hospital admissions, increasing demand for point-of-care diagnostics, and the availability of skilled healthcare professionals.
Key Takeaways:
The global portable X-ray devices market is anticipated to witness high growth, exhibiting a CAGR of 9.2% over the forecast period. This growth can be attributed to the increasing geriatric population, the rising prevalence of chronic diseases, and the growing demand for portable imaging devices in emergency medical services and rural healthcare settings.
Regionally, North America is expected to be the fastest-growing and dominating region in the portable X-ray devices market. This can be attributed to factors such as the well-established healthcare infrastructure, technological advancements, favorable reimbursement policies, and the presence of key market players in the region.
Key players operating in the portable X-ray devices market include Carestream Health Inc., Siemens Healthineers, Shimadzu Corporations, MinXray, Koninklijke Philips NV, GE Healthcare, Canon Medical Systems, Envista Holdings Corporation, and FUJIFILM Holdings Corporation, among others. These players focus on strategic collaborations, mergers and acquisitions, and product launches to maintain their market position and expand their product portfolio.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.