July 14, 2024

Rising Adoption of Digital Technology to Foster Growth of Digital Mobile X Ray Devices Market

Market Overview:

Digital mobile X ray devices are portable medical imaging systems used for digital radiography in hospitals, clinics, and other healthcare settings. They provide real-time digital imaging for rapid diagnosis and are replacing traditional analog X ray systems

Market Dynamics:

The digital mobile X ray devices market is primarily driven by increasing incidence of orthopedic and chronic diseases globally. Mobile digital X ray systems offer advantages such as portability, low radiation dose, and quick imaging over traditional X ray devices. Their use allows rapid diagnosis and treatment, avoiding delays due to transportation of patients. This is encouraging the adoption of digital mobile X ray devices across healthcare settings.

Market key trends:
The digital mobile x-ray devices market has been witnessing rising popularity of compact and portable x-ray systems. Manufacturers are focusing on developing small-sized, lightweight, and wireless digital x-ray devices for point-of-care applications in outpatient and ambulatory care settings. The compact design allows healthcare providers to easily carry digital mobile x-ray devices between patient rooms and examination areas. This enables quick diagnosis and treatment without moving the patient. The portable devices are also gaining traction due to increasing instances of chronic diseases and disabilities requiring home healthcare services.

SWOT Analysis
Strengths: Digital mobile x-ray devices provide enhanced image quality and easy storage/transfer of radiology images compared to traditional analog x-ray systems. They are also more economical over the long run due to lower film and chemical costs.

Weaknesses: High initial purchase cost of digital x-ray devices and requirement of specialized technicians for operating advanced systems. Frequent software/hardware upgrades also increases maintenance costs.

Opportunities: Growth in medical tourism and rising healthcare expenditure in developing nations. Increasing application of AI and IoT in radiology to improve workflow efficiency and diagnostic accuracy.

Threats: Stringent regulatory approval process delaying new product launches. Risk of cyberattacks and data thefts involving sensitive patient information. Intense competition among existing players.

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 prevalence of orthopedic and cardiovascular disorders.

Regional analysis: North America dominates the global market currently due to increasing obese and geriatric population. Asia Pacific is expected to exhibit the fastest growth over the forecast period with growing medical tourism in China and India coupled with rising healthcare investments.

Key players analysis:

 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 and geographic expansion to gain higher market share.

Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it