Portable X-ray Devices Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

Market Overview

The portable X-ray devices market was estimated at USD 6,437.8 million in 2021. It is expected to reach USD 10.929.2 million by 2027, registering a CAGR of 9.18% from 2022 to 2027.

According to a study published by Cochrance in November 2020, accurate diagnosis of COVID-19 with chest X-rays ranged from 57% to 89%. X-ray devices can play an essential role in detecting such visual responses associated with SARS-COV-2 infection. Due to the current development of X-ray techniques in detecting COVID infection, these devices are being rapidly adopted in the diagnosis of lungs. Furthermore, a decrease in the imaging volumes during the pandemic may affect the market's growth. An article published in the Journal of American College of Radiology titled ‘Impact of the Coronavirus Disease 2019 (COVID-19) Pandemic on Imaging Case Volumes’, published in May 2020, reported that the total imaging volume in 2020 (weeks 1-16) declined by 12.29% compared to 2019. It also reported that post-COVID-19 (weeks 10-16) revealed a greater decrease (28.10%) in imaging volumes across all patient service locations. The same source also reported an 88% decline in week 16 in outpatient imaging, and X-rays contributed to a nearly 22% decline. Such a decline in volumes due to the pandemic also affects the market's growth.

There is a surge in the number of imaging diagnostics due to the surging geriatric population and wider adoption of portable radiology systems across diagnostic centers. Also, an increase in various vascular, dental, and cancer disorders, especially breast disorders, is driving the growth of the portable X-ray devices market. The government is providing grants for various research projects for X-rays, which may also drive the market’s growth. For instance, in June 2021, the UK government and the Department of Health and Social Care issued GBP 36 million to boost AI technologies to revolutionize the National Health Service care. It also reported that nearly 38 new pioneering AI projects were started that may help revolutionize care and accelerate diagnosis. Such support from the government may help develop technologically advanced devices and drive the market over the forecast period.

Major players in the market are also adopting technological developments as strategies to maintain their market positions. They are also investing in R&D activities and developing novel products. For instance, in August 2020, Canon Medical launched a Mobile Digital X-ray System called SOLTUS 500 Mobile Digital X-ray for enhanced versatility and performance in the US market. This new system is equipped with enhancements that can streamline bedside exams to help improve workflow and productivity. All these developments are anticipated to boost the market over the forecast period.

However, a stringent regulatory scenario in the developed regions and the high risk of radiation are expected to majorly restrain the market during the forecast period.

Scope of the Report

As per the scope of the report, a portable X-ray device is a wireless digital X-ray imaging device for mobile health providers, such as doctors and first-aid workers in field situations, during home care, in nursing homes, and for medically oriented aid organizations, ships, and offshore platforms. X-rays are a form of electromagnetic radiation of high energy and very short wavelength, which can pass through materials and solid objects, including the body. The portable X-ray devices market is segmented by technology, application, modality, and geography. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value in USD million for the above segments.

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Key Market Trends

Digital X-ray Segment is Expected to Show Significant Growth During 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.

The digital X-ray emits very little radiation than analog (traditional) X-rays, making it highly safer. The images produced by the digital system are of high quality. They are produced immediately after the procedure, thus reducing the waiting time. Due to these factors, the adoption of digital X-ray systems is increasing worldwide, which is expected to drive the segment’s growth over the forecast period. Additionally, in March 2021, Fujifilm India Private Limited, a subsidiary of Fujifilm Holdings Corporation, launched a mobile digital radiology system called FDR nano, which provides high-resolution images with low X-ray doses in healthcare settings. As per the company, FDR nano enables noise reduction circuits that improve the granularity of low-density regions and achieve high image quality. Furthermore, in August 2020, Canon Medical launched SOLTUS 500 Mobile Digital X-ray system in the US market. This new system offers enhanced ease of use, increased productivity, enhanced safety features, simplified detector charging, and increased storage capacity.

Thus, due to the many advantages of the digital X-ray system, its adoption is increasing worldwide. Companies operating in this field are innovating and launching new products and engaging in business expansion initiatives such as mergers and acquisitions, collaborations, and partnerships. These activities are further expected to augment the growth of digital X-ray devices during the forecast period.

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