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The portable x ray devices market is estimated to be worth $900 million in 2021 and is expected to grow at CAGR of 13% during the forecast period. Since the discovery of X-rays, the field of medical imaging has evolved significantly, offering a non-invasive means for physicians to accurately visualize almost all major organ systems for diagnostic purposes. However, conventional medical imaging solutions are severely limited in terms of mobility, and throughput, and are usually dependent on stationary power sources. As a result, they are impractical in situations characterized by low physician / pathologist to patient ratios, such as during an epidemic or pandemic. There is, therefore, an urgent need for solutions that can increase diagnosis efficiency in order to relieve the overly burdened global healthcare system. Handheld X-ray imaging devices are lightweight, mobile or portable devices, which are designed for routine diagnostic applications. The applications of handheld imaging devices in modern healthcare are vast, spanning almost all major medical disciplines, from dentistry to cardiology, covering several internal organs in various parts the body, such as the chest, and abdomen / gastrointestinal tract. In this context, it is worth mentioning that over the past couple of months, multiple studies have described the use of handheld X-ray devices in diagnosing individuals (by conducting chest X-rays) having contracted the novel coronavirus. Considering the limited access to molecular testing kits for the diagnosis of COVID-19, these devices have proven useful in the initial screening process.
Presently, there are a number of handheld X-ray imaging devices available in the market, and several device developers are engaged in efforts to further improve their products. However, a significant proportion of medical professionals have limited, or no, access to such medical imaging devices. This, coupled to the fact that nearly 50% of legacy X-ray equipment, in resource-limited countries, are reportedly not fully functional, is an impediment to quality healthcare. It is also important to note that the cost of handheld / portable devices is significantly lower than their counterparts. In future, such devices are anticipated to become more popular and eventually replace bulky, traditional medical imaging machines. In fact, the increasing interest in point-of-care diagnostics is anticipated to create lucrative opportunities for stakeholders engaged in portable x ray devices market.
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Examples of key companies engaged in portable x ray devices market (which have also been profiled in this market report; the complete list of companies is available in the full report) include Dexcowin, Elidental Technology, Fujifilm, Genoray, KaVo Kerr and VATECH. This market report includes an easily searchable excel database of all the companies providing handheld x ray device, worldwide.
Several recent developments have taken place in the field of portable x ray devices market. We have outlined some of these recent initiatives below. These developments, even if they took place post the release of our market report, substantiate the overall market trends that have been outlined in our analysis.
The “Portable X Ray Devices Market by Area of Application (Dental and Others), Device Class (Low-End, Mid-End and High-End), End-Users (Ambulatory Surgical Centers, Diagnostic Imaging Centers, Hospitals, Specialty Clinics and Others), and by Key Geographical Regions (North America, Europe, Asia-Pacific, Middle-East and North Africa, Latin America and Rest of the World): Industry Trends and Global Forecasts, 2020-2030” market report features an extensive study of the current market landscape, market size, market share, market growth, market forecast, market outlook and future opportunities of the portable x ray devices market. The market research report features an in-depth analysis, highlighting the capabilities of various stakeholders engaged in portable x ray devices market. In addition to other elements, the market research report includes:
The key objective of portable x ray devices market report is to provide a detailed market analysis in order to estimate the existing market size, market value, statistics and future opportunity for portable x ray devices market during the forecast period. Based on the likely adoption rates, and expected price variations for these devices, we have provided an informed estimate of the evolution of the market for the forecast period 2020-2030. The market report also features the likely distribution of the current and forecasted opportunity within handheld X-ray imaging devices market across [A] area of application (dental and others), [B] device class (low-end, mid-end and high-end), [C] end-users (ambulatory surgical centers, diagnostic imaging centers, hospitals, specialty clinics and other end-users), and [D] key geographical regions (North America, Europe, Asia-Pacific, Middle-East and North Africa, Latin America and rest of the world). In order to account for future uncertainties and to add robustness to our model, we have provided three forecast scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the industry’s growth.
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All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market research report are in USD, unless otherwise specified.