The global portable X-ray devices market size is expected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing awareness about early diagnosis and rising prevalence of chronic conditions. An X-ray is a type of electromagnetic radiation that is utilized to monitor the abnormalities in the body, particularly bones. X-ray is ionizing electromagnetic radiation with a wide array of approaches in a differentiated scope of businesses.
The required for quick testing has prompted the improvement of the portable X-ray devices market. These devices can be used by military on the field. It is significant when the treatment can be done in a brief span of time. The devices can be collapsed into a little pack and moved to whatever point is required. It tends to be joined to the PC in the X-Ray lab, and images can be specifically seen on the screen. Images can be accurately sent to the doctor as a soft copy.
The coronavirus pandemic affected the worldwide market due to the disturbance in the supply chain and manufacturing activities during the lockdown. The COVID-19 pandemic has seriously affected most business sectors, internationally. The medical device market is one that has experienced polarizing impacts of the pandemic. The quick spread of the pandemic has brought about healthcare systems being overpowered, with assets and staff being re-coordinated to address the surge in the number of patients.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of technological advanced devices is estimated to drive the market growth
- High incidence of orthopedic diseases and bone injuries is one of the key factors fueling the market growth.
- Growing geriatric population is estimated to accelerate the growth of the market.
- Procedural benefits offered by portable X-ray devices is expected to contribute to the growth of the market during the forecast period.
- High cost and stringent regulations related to the clinical trials can restrain the growth of the market.
- The shift toward image-guided interventions is expected to create lucrative opportunity for the global portable X-ray devices market.
Scope of Portable X-ray Devices Market Report
The report on the global portable X-ray devices market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.
Portable X-ray Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Technology (Analog X-ray and Digital X-ray), Applications (Dental X-ray, Mammography, Chest X-ray, and Abdomen X-ray), and Modalities (Handheld X-ray Devices and Mobile X-ray Devices)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
GE Healthcare; MinXray; Koninklijke Philips N.V.; Danaher Corporation (KaVo Dental GmbH); and Canon Medical Systems.
Portable X-ray Devices Market Segment Insights
Digital X-ray segment is expected to grow at a robust pace
Based on technology, the market is segregated into analog X-ray and digital X-ray. The digital X-ray segment is anticipated to account for a significant market share during the forecast period. Digital X-ray in emerging countries along with the established and strong product portfolio of market players in this segment are driving the segment growth.
However, the digital X-ray segment is anticipated to hold a key share of the market in the coming years due to increasing demand for the opportunities in treatment methods. The utility served by digital X-ray frameworks overrides that of analogue X-ray systems.
Mammography segment is projected to dominate the market
On the basis of applications, the global portable X-ray devices market is segregated into dental X-ray, mammography, chest X-ray, and abdomen X-ray. The mammography segment is projected to expand at a considerable CAGR during the forecast period. Mammography are widely used in the detection of breast cancer.
A rise in the usage of imaging modalities for the diagnosis of the diseases is expected to spur the segment growth. Rising demand for technologically improved breast cancer screening systems and the rising adoption of portable X-ray devices systems in cancer diagnosis are major factors fueling the segment growth.
Mobile X-ray devices segment is anticipated to constitute a key market share
Base on modalities, the market is categorized as handheld X-ray devices and mobile X-ray devices. The mobile X-ray devices segment held a substantial market share in 2020. Increasing digitalization in the healthcare sector to integrate electronic medical record, patient portal, mobile phone app and registration, and billing features are fostering the segment growth.
North America is anticipated to constitute a large market share
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America to account for a large market share due the utilization of portable X-ray devices in multiple fields of medicine. These devices can be utilized in emergency medication, cardiology, in-patient services, and musculoskeletal.
On the other hands, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to presence of medical device manufacturers and growing awareness regarding preventive care and early diagnosis.
The global portable X-ray devices market has been segmented on the basis of
- Analog X-ray
- Digital X-ray
- Dental X-ray
- Chest X-ray
- Abdomen X-ray
- Handheld X-ray Devices
- Mobile X-ray Devices
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the global portable X-ray devices market GE Healthcare; MinXray; Koninklijke Philips N.V.; Danaher Corporation (KaVo Dental GmbH); and Canon Medical Systems.
February 2018: Qioptiq presented SlimLine for X-ray Diagnostics featuring Spine Mode. The new activity mode enables automatic optimization of overexposed images for maximum contrast and visibility of the spine.
July 2016: Canon Medical Systems Europe B.V. acquired DelftHold B.V., an organization specializing in healthcare information technology (IT) solutions, and digital X-ray systems.