by The 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.
Market Overview:
Digital mobile X-ray devices, also known as portable X-ray machines, are used for imaging applications in remote locations or outside hospital settings. They are wireless and battery-powered devices that help physicians obtain X-ray images at the patient’s location. These devices help in early diagnosis and treatment of injuries and fractures outside hospitals. Some key uses of digital mobile X-ray devices include imaging in operating rooms, emergency rooms, ICUs, patient rooms, and accident locations.
Market Dynamics:
Growing prevalence of diseases such as arthritis, osteoporosis, cancer and fractures especially among geriatric population is driving the demand for X-ray imaging techniques. According to World Health Organization (WHO), by 2050 over 20% of world’s population will be aged over 65 years. This growing geriatric population has accelerated the demand for diagnostics imaging applications, such as X-rays. Moreover, technological advancements in digital mobile X-ray devices such as wireless detectors, lithium-ion batteries, and improved software for enhanced image quality are also fueling the market growth. However, high cost of digital mobile X-ray devices and lack of skilled radiology professionals in developing nations may hinder the market growth.
Segment Analysis
The digital mobile x-ray devices market is dominated by the C-arms sub-segment. C-arms holds the largest market share owing to its extensive use during surgeries and trauma cases. C-arms provide full accessibility to the patient during surgeries and enable surgeons to get real-time images from different angles, which helps in better decision making during complex procedures.
PEST Analysis
Political: Governments across countries are supporting the healthcare sector through various initiatives. They are focusing on equipping healthcare facilities with advanced medical technologies.
Economic: The rising healthcare spending and economic growth in developing countries is fueling the demand for improved medical imaging systems.
Social: Increasing incidence of age-related diseases, accidents, and lifestyle diseases are driving the need for early diagnosis and treatment. This is positively impacting the adoption of digital mobile x-ray devices.
Technological: Innovation in digital radiography and integration of AI capabilities are enhancing the functionality of mobile x-ray devices. New product launches catering to unmet needs in the market are further augmenting growth.
Key Takeaways
The global Digital Mobile X Ray Devices Market Share is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing prevalence of chronic diseases and rapid technological advancements.
Regionally, North America holds the largest share in the digital mobile x-ray devices market due to well-established healthcare infrastructure and increasing demand for faster and safer diagnosis. However, Asia Pacific is expected to register the highest growth rate due to growing healthcare expenditure and emerging economies supporting market expansion.
Key players operating in the digital mobile x-ray devices market are Toshiba Corporation, Carestream Health, General Electric Company, Hitachi Ltd., Siemens Healthcare Private Limited, Koninklijke Philips N.V., Shimadzu Corporation, MinXray Inc., KA Imaging, Samsung Group, OXOS Medical, InnoCare Optoelectronics, Siemens Healthineers, Shimadzu Medical Systems USA, Konica Minolta Healthcare Americas Inc., Canon Inc., Boston Imaging, Nanox, Fujifilm, Scanna-MSC, VUNO, and Canon Medical Systems USA Inc. These players are focusing on new product launches to consolidate their market position. For instance, in 2021 Shimadzu launched a new C-arm unit Shimadzu Activion 16, featuring a compact and lightweight design with high image quality.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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