An X-ray device is a medical imaging device used to take pictures of internal body parts such as bones, joints, tissues, and others. X-ray imaging exams are recognized as a valuable medical tool for a variety of examinations and procedures. X-ray devices are used in a medical imaging procedure known as radiology. Radiology represents a branch of medicine that deals with the diagnosis and treatment of various diseases. The portable X-ray machine is smaller in size than the X-ray device stationed at medical facilities. A portable X-ray device is a wireless digital X-ray imaging device for mobile health providers. Portable X-ray system allows taking the X-ray images of the patients without calling them into the special lead-lined room.
Market Statistics:
The global portable x-ray devices market is estimated to account for US$ 7,028.8 Mn in terms of value by the end of 2022.
Drivers:
Subsequent growth in disease incidence and growing geriatric population around the world is expected to boost growth of the global portable x-ray devices market over the forecast period. There is a surge in the number of imaging diagnostics due to the surging geriatric population and increasing adoption of portable radiology systems across diagnostic centers. This in turn has increased the demand for portable x-ray devices. According to the National Health Council, generally incurable and ongoing, chronic diseases affect around 133 million people the United States, representing more than 40% of the total population of this country. Approximately 85% of older adults have at least one chronic health condition, and around 60% have at least two chronic conditions, according to the Centers for Disease Control and Prevention.
Opportunities:
Funding for R&D of portable technologies by private players and governments is expected to provide significant growth opportunities for players in the global portable x-ray devices market. In June 2021, the UK government and the Department of Health and Social Care issued GBP 36 million to boost AI technologies to revolutionize the National Health Service care. It also reported that 38 new AI projects were started that may help revolutionize care and accelerate diagnosis. Such support from the government may help develop technologically advanced x-ray devices and drive growth of the market during the forecast period.
Restraints:
High risk associated with radiation exposure, stringent regulatory scenario, and product recall are some major factors expected to hamper growth of the global portable x-ray devices market. The risk associated with medical imaging procedures refers to possible long-term or short-term side effects. However, the amount of radiation exposure from an imaging test depends on the imaging test used and what part of the body is being tested. Exposure to high radiation levels can have a range of effects, such as vomiting, bleeding, fainting, hair loss, and the loss of skin and hair. While X-rays are linked to a slightly increased risk of cancer, there is an extremely low risk of short-term side effects.
Global Portable X-ray Devices Market - Impact of Coronavirus (Covid-19) Pandemic
X-ray devices can play an essential role in detecting visual responses associated with COVID-19 (SARS-COV-2 infection). Chest X-ray is usually the first-line imaging test in patients with suspected or confirmed COVID-19 due to its availability, usefulness, and low cost. According to a study published in November 2020 by Cochrance, accurate diagnosis of COVID-19 with chest X-rays ranged from 57% to 89%. Moreover, owing to the current development of X-ray techniques in detecting COVID-19, these devices are being rapidly adopted in the diagnosis of lungs. This in turn is expected to augment the market growth.
To know the latest trends and insights prevalent in the Global Portable X-ray Devices Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/portable-x-ray-devices-market-5201
Key Takeaways:
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.
Among technology segment digital X-ray segment held dominant position in the global portable x-ray devices market in 2021, accounting for 94.0% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Market Trends:
- Technological advancements is expected to drive growth of the global portable x-ray devices market. For instance, in September 2020, GE Healthcare launched a EUR 13 million deal, AI DReAM project, a consortium, which will provide the necessary support to the French SMEs, start-ups, research labs and clinical centers for the development of AI in medical imaging.
- Frequent approvals and launches of novel products is expected to propel growth of the global portable x-ray devices market. For instance, in November 2021, GE Healthcare announced it has received Food and Drug Administration (FDA) 510(k) clearance for AI algorithm to help clinicians assess Endotracheal Tube placements. The AI solution is an industry-first collection of AI embedded on a mobile x-ray device for automated measurements, case prioritization and quality control.
Competitive Landscape:
Major players operating in the global portable x-ray devices market include Carestream Health Inc., Siemens Healthineers, Shimadzu Corporations, MinXray, Koninklijke Philips NV, GE Healthcare, Canon Medical Systems, Envista Holdings Corporation, and FUJIFILM Holdings Corporation, among others.
Recent Developments:
In September 2021, GE Healthcare introduced the AMX Navigate, a new portable, digital X-ray system designed with a first-of-its-kind power-assisted Free Motion telescoping column that aims to reduce lift force by up to 70 percent and decrease technologist injury.
In August 2020, Canon Medical announced the launch of Mobile Digital X-ray System for Enhanced Versatility and Performance. SOLTUS 500 Includes New Features to Enhance Workflow and Productivity Without Sacrificing Image Quality.
In November 2019, KaVo launched KaVo NOMAD Pro 2 Handheld X-ray System. It is a medical device for which the license has been issued by Health Canada.
