Portable X-ray Devices Market To Be Valued at US$ 11,951.1 Mn in 2028 | FUJIFILM Holdings Corporation, Carestream Health Inc, Envista Holdings Corporation

Overview:

Portable X-ray devices are used in chest radiography procedures on patients that have limited mobility and can’t move to radiology department. These devices are designed with features that make them movable in restricted areas such as between small wards. Growing disease prevalence, along with old age population as well as availability of lucrative government initiatives are the factors driving the market growth. Furthermore, the technological development in digital x-ray systems is also driving the market growth.

The global portable x-ray devices market was valued at US$ 6,437.8 Mn in 2021 and is forecast to reach a value of US$ 11,951.1 Mn by 2028 at a CAGR of 9.2% between 2022 and 2028.

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Market Drivers:

The chronic disease prevalence is increasing all over the world, which is expected to propel growth of the global portable X-ray devices market during the forecast period. These devices are used for imaging in medical field called radiology that represents medicine branch that involves use of radiant energy for diagnosis and treatment. For instance, as per the data of the World Health Organization (WHO), nearly 41 million individual, which is 71% of the people around the world die due to noncommunicable diseases such as cancer, cardiovascular diseases and other chronic conditions.

Furthermore, growing technological developments is also expected to augment growth of the global portable X-ray devices market during the forecast period. Market players are focusing on launch of AI-enabled x-ray devices. For instance, in January 2020, Nanox introduced digital x-ray device along with AI-based software, designed for enabling medical screening as a service in order to enhance the affordability and accessibility of early-detection services globally.

Market Restraints:

Factors such as growing product recalls and high risk of exposure to radiation are likely to impede growth of the global portable X-ray devices market over the forecast period. For instance, in January 2019, Shimadzu Medical System USA announced the recall of a mobile x-ray system named, SHIMADZU MobileDaRt Evolution (MX8 Version) as the U.S. Food and Drug Administration reported the device having faulty design.

Opportunities:

Growing government initiatives and support is likely to create various growth opportunities for market players during the forecast period. For instance, in July 2022, the state government of Tamil Nadu, India, Member of Parliament Kanimozhi introduced digital mobile X-ray diagnostic unit for detecting tuberculosis to achieve aim of ‘Tuberculosis-free Tamil Nadu’ by 2025.

Moreover, the growing portable x-ray device demand across the globe is also anticipated to offer growth opportunities for market players. For instance, in July 2022, Fujifilm Europe launched the hybrid C-arm and portable x-ray device, FDR CROSS, designed for offering high quality fluoroscopic and static x-ray images in various medical processes.

Market Trends:

Increasing aged population across the globe is likely to boost growth of the global portable X-ray devices market during the forecast period. The large adoption of this system is led by rise in old age population around the world. For instance, as per the World Health Organization (WHO) factsheet, the number of people aging 60 years and above is expected to increase to 2.1 billion by 2050 all over the world and the number of people aged 80 years and above will be 426 million by 2050.

Moreover, key players introducing new products in the market is a growing trend in the global portable X-ray devices market. For instance, in April 2022, Boston Imaging, announced the launch of the GM85 Fit, a new configuration of the AccE GM85 that features user-centric design.

Regional Insights:

North America among regions is anticipated to witness substantial growth in the global portable X-ray devices market during the forecast period. This is due to rise in chronic disease prevalence along with increasing old age populations across the region. As per the Centers for Disease Control and Prevention (CDC), chronic diseases such as cancer, heart disease, as well as diabetes cause maximum deaths in the U.S. which makes them leading causes of deaths in the country.

Moreover, Asia Pacific is also projected to witness high growth in the global portable X-ray devices market during the forecast period. This is owing to rapidly increasing geriatric population vulnerable to chronic diseases. For instance, the Asian Development Bank (ADB) reported that the rate of people aged 60 years and above will be one in four people by 2050 and the number of people aged 60 years will reach nearly 1.3 billion people in the Asia Pacific region.

Key Players:

Major players functioning in the global portable X-ray devices market are FUJIFILM Holdings Corporation, Carestream Health Inc., Envista Holdings Corporation, Siemens Healthineers, Canon Medical Systems, Shimadzu Corporations, GE Healthcare, MinXray, and Koninklijke Philips NV, among others.

Key Developments:

• November 2021: GE Healthcare launched nearly 60 new solutions including AI algorithms on a mobile x-ray device for automated measures, quality control and case prioritization at the RSNA 2021 (Radiological Society of North America) annual meeting.
• April 2021: Nobel Biocare partnered with KaVo for the new software development for diagnostics, imaging, treatment planning, follow-up and treatment delivery.
• March 2021: Canon Inc. announced the development of new Built-in AEC1 assist technology (DR).
• May 2020: Royal Philips announced the expansion of its manufacturing factory near Pune for starting the production of magnetic resonance imaging and x-ray equipment.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Portable X-ray Devices Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Portable X-ray Devices Industry Impact

Chapter 2 Global Portable X-ray Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Portable X-ray Devices (Volume and Value) by Type
2.3 Global Portable X-ray Devices (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Portable X-ray Devices Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Portable X-ray Devices Market Analysis
Chapter 6 East Asia Portable X-ray Devices Market Analysis
Chapter 7 Europe Portable X-ray Devices Market Analysis
Chapter 8 South Asia Portable X-ray Devices Market Analysis
Chapter 9 Southeast Asia Portable X-ray Devices Market Analysis
Chapter 10 Middle East Portable X-ray Devices Market Analysis
Chapter 11 Africa Portable X-ray Devices Market Analysis
Chapter 12 Oceania Portable X-ray Devices Market Analysis
Chapter 13 South America Portable X-ray Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Portable X-ray Devices Business
Chapter 15 Global Portable X-ray Devices Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology