Portable X-ray devices are medical imaging systems that are compact and portable. They produce images of bones, organs and other internal tissues with the help of X-ray technology. Their portability allows imaging of patients in ambulances, field hospitals and at the point-of-care settings like nursing homes and surgery centers. This eliminates the need to transport patients and helps in faster diagnosis.
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:
The rising prevalence of chronic diseases like cancer, cardiovascular diseases etc. has been propelling the demand for portable X-ray devices. According to the World Health Organization (WHO), chronic diseases account for approximately 60% of all deaths globally. Early diagnosis can help in better treatment outcomes. Portable X-ray devices allow imaging of patients in remote locations and help doctors diagnose medical conditions in a timely manner. This trend is expected to continue fuelling the growth of portable X-ray devices market during the forecast period.
SWOT Analysis
Strength: Portable X-Ray devices offer mobility and flexibility which allows imaging of patients in remote locations or where they are unable to be moved. This improves accessibility to diagnosis.
Weakness: Portable X-Ray devices have limitations in the size and power of the imaging equipment which restricts the types of exams that can be performed compared to fixed medical imaging equipment. Battery life can also be short limiting imaging time.
Opportunity: Growth in the healthcare industry and rising demand for point-of-care diagnosis is driving the portable medical imaging market. The aging population also increases demand for mobile healthcare services.
Threats: Strict regulations and certification standards increase the costs and time required to enter the portable medical imaging market. Technology advancements in competing modalities can diminish the cost advantages of portable X-Ray devices.
Key Takeaways
The Global Portable X-Ray Devices Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising demand for point-of-care and mobile healthcare solutions. The market size is estimated to reach US$ 7676.84 Mn by 2023 with a projected CAGR of 13%.
Regional analysis :
North America currently dominates the portable X-Ray devices market owing to advanced healthcare infrastructure and high healthcare spending. However, Asia Pacific is expected to be the fastest growing region supported by rising medical tourism, healthcare reforms and growing economy in nations like China and India increasing healthcare access.
Key players :
Key players operating in the portable X-Ray devices market are Ansarada Pty Ltd., Brainloop AG (Diligent Corporation), CapLinked, Citrix Systems Inc., Datasite Global Corporation, DealRoom Inc., EthosData, Firmex Inc, FORDATA sp. z o.o., iDeals Solutions Group, Intralinks Holdings Inc. (SS&C Technologies), SecureDocs Inc., ShareVault (Pandesa Corporation) and SmartRoom (BMC Group). These players are focusing on new product launches and partnerships to cater to the rising demand and consolidate their position in the market.
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