by The Digital Mobile X-Ray Devices Market has evolved tremendously over the last decade, driven primarily by technological advancements that have enabled their applications in point-of-care settings. Digital mobile x-ray devices utilizes digital imaging technology to capture x-ray images and transmit them to computers or other digital devices for storage, display and remote diagnosis. Their portable designs allow taking x-rays at the bedside, in operating rooms, and in emergency situations. This significantly improves workflow and turnaround times while reducing the need to move critically ill patients.
The Global Digital Mobile X-Ray Devices Market is estimated to be valued at US$ 4222.85 Mn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the digital mobile x-ray devices market are AngioDynamics, Cynosure, LLC.., Lumenis, Candela Medical, Novanta, Inc., Iridex, Alcon, Inc., and Zimmer Biomet, among others. The growing demand for point-of-care diagnostic solutions is one of the major factors driving the growth of the market. Digital mobile x-ray systems allow to rapidly obtain diagnostic quality images at the patient’s bedside reducing delays in treatment decisions. Additionally, digital mobile x-ray devices help minimize patient transfers, decrease wait times, and improve workflow in busy clinical settings.
The increasing prevalence of chronic diseases along with the rising geriatric population globally is expected to boost the demand for digital mobile x-ray devices. According to the World Health Organization, cardiovascular diseases account for over 17 million deaths annually. Early stage diagnosis is crucial for improved treatment outcomes. Digital Mobile X-Ray Devices Market Insights systems enable performing diagnostic tests quickly and efficiently for chronically ill and elderly patients.
Market Key Trends
Technological advancements are anticipated to be a key trend shaping the Digital Mobile X-Ray Devices Market Size And Trends over the forecast period. Key players are increasingly investing in R&D to develop smart and wireless digital mobile x-ray devices integrated with AI and IoT. For instance, Canon Inc. offers wireless mobile x-ray systems with touchscreen controls and DICOM-compatible imaging software for medical image sharing and storage. Such innovative product launches are expected to support the ongoing replacement of analog systems with digital technology.
Porter’s Analysis
Threat of new entrants: Low capital requirements and expertise allows new companies to enter the market, increasing competition.
Bargaining power of buyers: Large hospital networks and group purchasing organizations are able to negotiate lower prices from manufacturers.
Bargaining power of suppliers: A few major original equipment manufacturers dominate the supply market, giving them higher bargaining power.
Threat of new substitutes: New advanced imaging modalities like CT scanners provide alternatives but x-rays remain inexpensive and portable option for initial diagnostics.
Competitive rivalry: Well established major players compete on innovation, features and service. Fragmented regional players add to competition.
Geographical Regions
North America currently holds the largest market share primarily due to increased adoption of advanced medical imaging technologies along with supportive insurance and reimbursement policies in US and Canada.
Asia Pacific is poised to witness the fastest growth over the forecast period. This can be attributed to rising medical tourism, growing geriatric population, increasing healthcare investments and rapidly developing economy in countries like China and India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
