Digital Mobile X Ray Devices Market is Estimated to Witness High Growth
The global digital mobile X ray devices market is estimated to be valued at US$ 3,667.8 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Digital mobile X-ray devices offer portability and convenience for taking x-ray images anywhere needed. This allows for improved access to diagnostic services for patients unable to travel to hospitals or clinics. They are also easier to transport between patient rooms or wards compared to traditional fixed x-ray systems. Battery powered models provide mobility without needing a power outlet.
Weakness: Mobile x-ray devices have smaller imaging panels and detectors compared to full-size radiography equipment, limiting the size and type of images that can be taken. They also generally have less powerful x-ray tubes, reducing image quality for some exams. Battery life can be an issue, restricting use to a single day typically before recharging is needed.
Opportunity: The growing elderly population and rising incidence of chronic diseases increases demand for diagnostic imaging services. Mobile x-rays help expand access in home care, long-term care facilities, and emergency medical situations. Growing medical tourism in developing countries presents opportunities to supply these portable devices.
Threats: Price pressures from healthcare cost containment measures threaten profit margins for mobile x-ray device manufacturers. Strong competition exists from major players and new entrants. Technology changes like digital radiography and other newer modalities may reduce demand growth over time.
Key Takeaways
The Global Digital Mobile X Ray Devices Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by an aging population with increasing medical imaging needs. The global digital mobile X ray devices market is estimated to be valued at US$ 3,667.8 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030.
Regional analysis shows North America and Europe currently dominate the market owing to advanced healthcare infrastructure and reimbursement mechanisms driving technology adoption. The Asia Pacific region is expected to be the fastest growing market for mobile X-rays with growing medical tourism and increasing investments in healthcare sectors across developing countries.
Key players like Toshiba Corporation, GE Healthcare, and Koninklijke Philips N.V. hold major shares of the global mobile X-ray device market due to their extensive product portfolios and international sales networks. Newer entrants are challenging major manufacturers with more advanced features in smaller, lower cost devices expanding use cases in settings beyond hospitals. Innovations in wireless connectivity and software are allowing mobile X-rays to integrate better with hospital information systems and cloud-based diagnostic support.
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