Portable X-ray devices offer several advantages compared to conventional stationary X-ray systems. Portable X-ray devices are compact, lightweight devices that can be easily moved from one location to another within a healthcare facility. These devices eliminate the need to transport patients to radiology suites, allowing X-rays to be taken at the bedside, in operating rooms, or in emergency rooms with minimal patient discomfort or risk of additional injury. Portable X-ray systems help detect fractures, bone abnormalities, lung infections or conditions, swallowing problems, and foreign objects among others. The demand for portable x-ray devices is growing owing to increase in number of trauma cases, road accidents, increasing musculoskeletal disorders and rise in number of surgeries performed especially in developing countries.
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 13.% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the portable X-ray devices market is growing adoption of wireless connectivity technology. Manufacturers are focusing on integrating wireless connectivity in portable X-ray devices to easily transfer medical images from the device to hospital databases wirelessly. This allows radiologists to access images from anywhere which enhances workflow efficiency. For instance, in 2019, Siemens Healthineers launched Mobiliti wireless portable X-ray system which allows transferring of medical images from the device to hospital databases using wireless networks. Growing preferences for compact and lightweight portable X-ray devices is another major trend witnessed in the market. Manufacturers are designing portable X-ray systems with improved mobility featuring compact designs and reduced weight without compromising on image quality which improves portability and ease of use.
Porter's Analysis
Threat of new entrants: New entrants face high initial investment costs required to manufacture advanced X-ray devices.
Bargaining power of buyers: Individual buyers have low bargaining power while large healthcare institutions can negotiate prices.
Bargaining power of suppliers: Key components suppliers have moderate bargaining power as players can opt for alternate suppliers.
Threat of new substitutes: New imaging modalities pose minimal threat given advantages of portability and affordability of X-ray devices.
Competitive rivalry: Intense competition between established players to develop innovative products at competitive prices.
Key Takeaways
The Global Portable X-Ray Devices Market Demand is expected to witness high growth. 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 13% over the forecast period 2023 to 2030.
North America dominated the market in 2022 owing to rising healthcare expenditure and presence of key players in the region. Asia Pacific is expected to witness fastest growth during the forecast period supported by rising patient awareness levels and improving healthcare facilities. Improving healthcare infrastructure and increasing per capita income are supportive factors for market growth.
Key players
Key players operating in the Portable X-Ray Devices market are Ansarada Pty Ltd., Brainloop AG, CapLinked, Citrix Systems Inc., Datasite Global Corporation, DealRoom Inc., EthosData, and Firmex Inc. They focus on developing portable devices with enhanced imaging quality and battery life to gain significant market share.
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