by 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 Overview:
Digital mobile X-ray devices are used to capture X-ray images of the human body for medical diagnosis. These compact and portable devices can be easily moved from one place to another, providing point-of-care imaging solutions. They offer advantages like high image quality, reduced radiation dose, and allows quick diagnosis. With features like wireless image transfer and artificial intelligence, digital mobile X-ray devices are replacing conventional X-ray systems.
Market key trends:
Artificial intelligence is finding increasing usage in digital mobile X-ray devices. AI algorithms are helping in automating various tasks like image enhancement, automatic disease detection, and report generation. This is reducing workload on radiologists and providing quick diagnosis. Manufacturers are also focusing on developing compact and lightweight digital mobile X-ray devices integrated with AI for use in emergency vehicles, ICUs, operation theaters and other point-of-care settings. This is expected to drive significant demand over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the market requires substantial investments in R&D and manufacturing. However, technological advancements may reduce barriers.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of several vendors providing similar digital mobile X ray devices with advance features. This provides choices to buyers.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the availability of substitute components from different suppliers. This prevents price rise by any single supplier.
Threat of new substitutes: The threat of new substitutes is low as advanced mobile X ray systems provide advantages over traditional stationary systems in terms of portability and bedside use.
Competitive rivalry: rivalry among existing vendors is intense due to technological advancements and new product launches.
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 forX-ray imaging during COVID-19 pandemic. Regional analysis fastest growing and dominating region.
The global Digital Mobile X Ray Devices Market Share size was valued at US$ 3,667.8 Mn in 2023 and is expected to reach US$ 6,452.5 Mn by 2030. The increasing demand for X-ray imaging during COVID-19 pandemic and growth in geriatric population are some key factors driving the market.
North America dominated the global market in 2023 and is expected to maintain its dominance over the forecast period. This is attributed to increased healthcare spending, early adoption of advanced medical technologies, and rise in incidence of chronic diseases in the region. However, Asia Pacific is anticipated to exhibit the fastest growth over the forecast period.
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
