The global Portable X-Ray Devices Market is estimated to be valued at US$ 7676.84 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Portable x-ray devices are used to capture the image of the internal structures and bones by using portable x-ray systems. They help in emergency medical situations by providing medical images outside the radiology departments and hospitals. Portable x-ray devices have advantages such as affordability, mobility, compact size and increased efficiency in imaging for diagnosis.
Market key trends:
The increasing prevalence of chronic diseases and rise in geriatric population are fueling the portable x-ray devices market growth. For instance, according to the World Health Organization (WHO) chronic diseases accounted for around 73% of all deaths globally in 2020. Also, with the increasing incidence of trauma cases and accidents, there is a growing need for effective point-of-care imaging facilities. The technological advancements in portable x-ray devices like compact size, high image quality, and advanced features are supporting their use in various non-hospital locations. Additionally, increased investments by key companies for development of sophisticated portable x-ray devices with AI capabilities are expected to open new opportunities over the forecast period.
Segment Analysis
The global portable X-ray devices market is segmented by product, application, end-user, and geography. Based on product, the market is categorized into mobile X-ray devices and handheld X-ray devices. The handheld X-ray devices segment dominated the market in 2022 and is projected to continue its dominance during the forecast period. This is attributed to the increasing adoption of handheld X-ray devices across various point-of-care applications such as dentistry and orthopedics.
Key Takeaways
The global Portable X-Ray Devices Market Share is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing prevalence of orthopedic & musculoskeletal disorders.
Regional analysis
North America dominated the portable X-ray devices market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to the rising geriatric population and greater accessibility to portable X-ray devices in the region. Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising healthcare expenditure and increasing prevalence of chronic diseases in developing nations such as China and India.
Key players
Key players operating in the portable X-ray devices market are Carestream Health Inc., Siemens Healthineers AG, Shimadzu Corporations, MinXray, Koninklijke Philips NV, GE Healthcare, Canon Medical Systems, Envista Holdings Corporation, and FUJIFILM Holdings Corporation, among others. Carestream Health Inc. and Siemens Healthineers AG hold a significant share of the global portable X-ray devices market.
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