Market Trends of Europe Portable X-ray Devices Industry
Digital X-ray Segment is Expected to Witness Significant Market Growth
Digital X-rays expose approximately 70%-80% less radiation than conventional X-rays. This is hugely beneficial for the long-term health of patients, especially pregnant women or patients who are already suffering from long-term illnesses, to ensure safety. With the help of digital X-rays, dentists can now easily recognize oral issues, which is leading to a declining need for an invasive investigation at the diagnosis stage. Additionally, digital radiography safely stores patient X-rays, resulting in no loss from the holders. Hence, the segment is anticipated to witness growth over the forecast period.
Digital X-ray systems directly convert the transmitted X-ray radiation into a digital image using an array of solid-state detectors such as amorphous selenium or silicon and display the image directly on the computer. While conventional film X-rays are still helpful in making diagnoses, digital X-rays enable image manipulation for higher quality and definition. This allows quick and accurate tests in medical facilities. Thus, governments and private organizations across Europe are focused on investments in the digital X-ray segment. For instance, in July 2022, the European Union (EU) and WHO donated digital X-ray equipment to the Ministry of Health of Armenia for use in the radiology rooms of seven hospitals in the capital of Yerevan and the regions. The donation is a component of a broader aid package the EU provides to strengthen the nation's COVID-19 response. This investment will increase the production and manufacturing of digital X-ray devices in Europe. Thus, such investments are anticipated to propel the segment's growth.
Furthermore, the major players in the market are anticipated to fuel the segment growth over the forecast period. For instance, in July 2022, Siemens Healthineers launched its new entry-level fully digital X-ray imaging system, 'Multix Impact E,' at an affordable price. Thus, the advancements in the segment are expected to fuel the segment's growth over the analysis period.
Hence, the segment studied is expected to witness growth during the forecast period due to the factors mentioned above.
Germany is Expected to Hold the Largest Market Share
The portable X-ray devices market is expected to witness growth in Germany during the forecast period. The market studied is growing in Germany due to many companies operating in the medical device manufacturing sector and the high incidence and prevalence of chronic diseases such as cardiovascular diseases, respiratory diseases, obesity, and other diseases among the population.
The burden of cardiovascular disease in the country is creating demand for digital radiography procedures. Thus, the demand for portable X-rays is expected to rise in Germany. In addition, as per the German Heart Surgery Report 2021, there were about 161,261 cardiac procedures performed in Germany in 2021, out of which 36,714 heart valve procedures and 19,490 were pacemakers and implantable cardioverter-defibrillator (ICD)-related procedures. The high prevalence of heart and circulatory disease patients generates demand for disease diagnosis and treatment for patient survival. As portable X-ray devices play a vital role in the diagnosis and monitoring at the patient's bedside, with no hurdle of transfer of the patient to the X-ray room, the demand for portable X-rays is increasing, driving the growth of the market studied in the country.
Furthermore, the development activities and investments by major players are increasing in Germany. For instance, in January 2022, Philips signed a 10-year strategic partnership with University Hospital Brandenburg to update and expand the hospital's diagnostic and therapy choices through sophisticated technology delivery. The nearly USD 19.013 million (EUR 18 million) contract covers the supply of diagnostic imaging solutions such as ultrasound, MR, and mobile X-ray, as well as image-guided therapy suites and patient monitoring systems. This is further expected to create numerous opportunities for portable X-ray devices, driving the growth of the market studied.
Thus, the market is expected to witness a high growth rate in Germany over the forecast period due to the factors mentioned above.
