Portable X-Ray Devices Market

Portable X-Ray Devices Segment is the Largest Segment Driving the Growth of Portable X-Ray Devices Market

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The global Portable X-Ray Devices Market is estimated to be valued at US$ 7676.84 Mn or Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Portable X-Ray devices are compact and lightweight radiology systems used to obtain internal images of the human body. They provide faster access to X-ray imaging and reduce movement of patients for examinations.

Market key trends:
One of the key trends in the portable X-ray devices market is increasing adoption of digital portable X-ray devices. Digital portable X-ray systems provide various advantages over conventional analog X-ray systems such as faster image acquisition, wireless image transfer, reduced radiation dose, and improved image quality. They allow scanning, viewing, sharing and storing of medical images digitally. As per research, over 80% of new installed portable X-ray systems worldwide are digital systems. This rising shift towards digital technology from analog is expected to drive the growth of portable X-ray devices market during the forecast period.
SWOT Analysis

Strength: Portable X-Ray devices offer mobility and flexibility for healthcare providers to use X-Ray technology at the point of care. This reduces patient transfer time and improves access to diagnosis in remote and rural areas.

Weakness: Portable X-Ray devices have smaller sensors compared to fixed X-Ray systems, resulting in lower image quality. Battery life is also relatively short which limits continuous use.

Opportunity: Rising incidence of chronic diseases and injuries globally is fueling the demand for point-of-care diagnostic solutions. Growing geriatric population prone to bone and joint disorders also present an opportunity.

Threats: High initial costs of portable X-Ray devices limits widespread adoption. Stringent regulatory approvals also delay market entry of new players.

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 chronic diseases and remote patient monitoring needs.

Regional analysis: North America dominated the market in 2023 with a share of over 30%, due to favourable reimbursement policies and widespread medical infrastructure in the region. Asia Pacific is expected to witness fastest growth through 2030, supported by rising healthcare expenditures, large patient pool and increasing adoption of advanced imaging technologies in populous nations like China and India.

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. Leading companies are focusing on new product launches, collaborations and geographic expansion to gain market share in this dynamic space.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it