Market Trends of Global Digital X-ray Devices Industry
This section covers the major market trends shaping the Digital X-ray Devices Market according to our research experts:
Portable Systems Segment is Expected to Dominate the Market Over the Forecast Period
The major factors driving the growth of portable systems include advanced technology, a rising number of patients with chronic diseases, an increasing geriatric population, and rising awareness regarding the availability of portable systems. Additionally, the portable X-ray machine has the potential to overcome location barriers and benefit patients who are in life-threatening situations and require immediate treatment wherever they are, possibly needing an on-the-spot diagnosis.
Thus, portable X-ray devices play a vital role in the diagnosis and monitoring of the patient's bedside, with no hurdle of transfer of the patient to the X-ray room. The portable X-ray systems offer several advantages over the traditional X-ray systems. For instance, according to the American College of Radiology (ACR) recommendations published in March 2020, the CT decontamination required after scanning COVID-19 patients may disrupt radiological service availability and has suggested that portable chest radiography may be considered to minimize the risk of cross-infection during the pandemic.
The increasing product launches related to portable X-ray devices surge the growth of the studied market. For instance, in August 2020, Canon Medical USA launched the SOLTUS 500 Mobile Digital X-ray system that is equipped with enhancements that can streamline bedside exams to help improve workflow and productivity. Again, in March 2021, Fujifilm India Private Limited announced the launch of its mobile digital radiology system - FDR nano which is around 80% lighter in weight as compared to traditional mobile X-rays.
Also, in July 2022, Shimadzu Corporation announced the addition of the new MobileDaRt Evolution MX8 Version v type digital mobile X-ray system to the mobile X-ray system lineup, for release outside Japan. The system incorporates digital radiography (DR), which is in demand outside Japan.
Thus, given the advantages of portable systems and increasing product launches, the segment is expected to grow significantly over the forecast period.
North America has been Dominant in the Digital X-Ray Devices Market and Similar is Expected Over the Forecast Period.
Within North America, the United States holds the major market share for the studied market and is expected to dominate over the forecast period. The increasing adoption of healthcare systems towards sophisticated technology and the growing burden of chronic diseases such as cancer, and diabetes, in the region are the major factors driving the digital X-Rays devices market in North America. The GLOBOCON 2020 data shows that in 2020 the new cancer cases diagnosed were 2,281,658 in the United States, with 612,390 deaths.
Further, as per the Arthritis Foundation Fact sheet 2019, the number of adults in the United States with doctor-diagnosed arthritis is projected to reach 78.4 million by 2040. Also, according to Arthritis Foundation data updated in October 2021, 1.5 million people in the United States have rheumatoid arthritis, where arthritis most commonly begins between ages 30 and 60 in women. The high incidence of these chronic diseases surges the demand for accurate diagnosis and plans of efficient and on-time treatment by the healthcare provider. Hence, drives the growth of the studied market in North America.
Additionally, the high concentration of key players, along with the increasing product approvals and launches is expected to drive the studied market. For instance, in December 2020, Canon Medical System USA, Inc., launched the OMNERA 500A Digital Radiography system with an advanced intelligent auto-positioning feature to improve the workflow. Also, in April 2022, Samsung introduced the GM85 Fit, a new configuration of the premium AccE GM85, a digital radiography device featuring a user-centric design that aids in efficient and effective patient care. The GM85 Fit recently received 510(k) clearance from the United States Food and Drug Administration for commercial use in the United States.
Thus, given the above-mentioned factors, the digital X-ray devices market is anticipated to grow significantly over the forecast period in North America.
