Digital mobile X ray devices are portable diagnostic imaging systems that use digital imaging plates instead of film to capture X ray images. They offer several advantages over traditional X ray systems such as lower radiation exposure to patients and clinicians, faster image acquisition, and remote and digital image transmission capabilities. Digital mobile X ray devices find wide usage in applications such as orthopedics, cardiology, general surgery, and pain management. The growing geriatric population and rising prevalence of chronic diseases are major factors spurring the demand for portable diagnostic imaging solutions.
The global 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 Dynamics
Increasing usage in various applications and growing geriatric population are the major drivers expected to propel the growth of the global digital mobile X ray devices market over the forecast period. Digital mobile X ray devices offer quick and portable diagnostic imaging capabilities and help reduce wait times for patients and clinicians. They find wide acceptance in orthopedics, emergency care, and general surgery applications due to their mobility and convenience. Furthermore, the growing geriatric population, which is more prone to developing chronic diseases and injuries, is increasing the demand for portable diagnostic equipment. Between 2023-2030, the number of people aged 65 years and above is anticipated to grow significantly worldwide, which is estimated to boost the adoption of digital mobile X ray solutions during the forecast period. In addition, ongoing technological advancements in digital imaging detectors and compact system designs are also fueling the market growth.
SWOT Analysis
Strength: Digital mobile X-ray devices offer portability and convenience for taking x-ray images anywhere needed. This allows for improved access to diagnostic services for patients unable to travel to hospitals or clinics. They are also easier to transport between patient rooms or wards compared to traditional fixed x-ray systems. Battery powered models provide mobility without needing a power outlet.
Weakness: Mobile x-ray devices have smaller imaging panels and detectors compared to full-size radiography equipment, limiting the size and type of images that can be taken. They also generally have less powerful x-ray tubes, reducing image quality for some exams. Battery life can be an issue, restricting use to a single day typically before recharging is needed.
Opportunity: The growing elderly population and rising incidence of chronic diseases increases demand for diagnostic imaging services. Mobile x-rays help expand access in home care, long-term care facilities, and emergency medical situations. Growing medical tourism in developing countries presents opportunities to supply these portable devices.
Threats: Price pressures from healthcare cost containment measures threaten profit margins for mobile x-ray device manufacturers. Strong competition exists from major players and new entrants. Technology changes like digital radiography and other newer modalities may reduce demand growth over time.
Key Takeaways
The Global Digital Mobile X Ray Devices Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by an aging population with increasing medical imaging needs. The global 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.
Regional analysis shows North America and Europe currently dominate the market owing to advanced healthcare infrastructure and reimbursement mechanisms driving technology adoption. The Asia Pacific region is expected to be the fastest growing market for mobile X-rays with growing medical tourism and increasing investments in healthcare sectors across developing countries.
Key players like Toshiba Corporation, GE Healthcare, and Koninklijke Philips N.V. hold major shares of the global mobile X-ray device market due to their extensive product portfolios and international sales networks. Newer entrants are challenging major manufacturers with more advanced features in smaller, lower cost devices expanding use cases in settings beyond hospitals. Innovations in wireless connectivity and software are allowing mobile X-rays to integrate better with hospital information systems and cloud-based diagnostic support.
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