The Digital Mobile X Ray Devices Market is estimated to be valued at US$ 3,667.8 Mn in 2022 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 are portable medical imaging equipment used to generate digital X-ray images for diagnosis in operation theaters, ICU, and emergency rooms etc. The devices produce digital images on portable flat panel detectors which can be transferred, stored and shared electronically for remote diagnosis and consultation.
Market Dynamics:
The Digital Mobile X Ray Devices Market is expected to witness significant growth over the forecast period owing to growing demand for such devices in emergency and ICU departments where easy mobility is essential for bedside imaging. Technological advancements such as wireless detectors, better image resolution, and battery powered mobility have expanded usage of digital mobile X-ray devices across clinical settings. Additionally, digital images can streamline workflows, enable remote diagnosis and digital archiving for easy record keeping further driving the market growth during the forecast period.
SWOT Analysis
Strength: Digital mobile x ray devices have high image quality, portability and accessibility. They provide on-spot diagnosis and are easily transportable. These devices are a cost effective solution for healthcare facilities compared to traditional stationary devices.
Weakness: Digital mobile x ray devices have higher initial costs compared to traditional x ray systems. They also require frequent maintenance and software upgrades. Lack of skilled radiographers can hamper effective use of these advanced devices.
Opportunity: Growing demand for point of care diagnosis especially in remote locations and increasing investments by governments and private players in healthcare infrastructure present major growth opportunities. Rising incidence of diseases like cancer will further drive demand.
Threats: Stringent regulatory policies can delay new product approvals. Economic slowdowns may hamper healthcare spending. Alternative diagnostics techniques like MRI poses competition. Cyber threats to data security is also a challenge.
Key Takeaways
The Global Digital Mobile X Ray Devices Market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing demand for point-of-care diagnosis and portable medical imaging solutions. North America dominated the market in 2022 owing to large healthcare expenditures and early technology adoption in the region.
Regional analysis
Asia Pacific is anticipated to witness the highest growth over the forecast period supported by increasing healthcare infrastructure development, growing disease prevalence and rising medical tourism in the region. Countries like India, China and Japan will be major revenue generators.
Key players
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.
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