Portable X-ray Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global geriatric population is estimated to increase by nearly 60% in the next 15 years. By 2030, the total number of people above the age of 65 is expected to be more than a billion, i.e. the geriatric population is expected to represent 12% of the global population. Additionally, by 2050, this number is likely to cross 1.6 billion or 16.7% of the total population.

According to the WHO, life expectancy is increasing for the human race. By 2050, the world’s population, aged 60 years and older, is expected to reach a total of 2 billion. As of 2018, 125 million people were aged 80 years or older. By 2050, 80% of the total geriatric population is expected to live in low- and middle-income countries.

The aging process is commonly associated with the onset of increased risks of chronic diseases and weakness in the bones and muscles.

Elderly patients face high risks of developing various disorders, such as orthopedic disorders, lung problems, and abdominal disorders.

Due to a rapid increase in the geriatric population, the prevalence of age-associated disorders has witnessed an increase, which, in turn, has resulted in the expansion of the market.

Scope of the Report

As per the scope of this 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 and in old age homes, as well as 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 are able to pass through materials and solid objects, including the body.

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Key Market Trends

Digital X-ray is Expected to Hold the Largest Share of the Market in the Technology Segment

In the present scenario, the adoption rate of digital x-ray systems is not (or close to) 100%, in spite of their advantages over the analog systems. However, this scenario is expected to change soon, and the x-ray devices market is likely to be almost completely dominated by digital x-ray systems in the future. Although the cost-benefit ratio of a digital x-ray system may not work well in the emerging markets, manufacturers are making efforts to bring down the prices, keeping in view the resistance of users to switch from analog to digital, due to high cost. 

Digital X-ray has the largest share in the market, owing to factors, such as its high patient throughput rates, fast image acquisition rates, good image quality, and low radiation risks. Furthermore, rise in government focus on high-quality diagnostic imaging, combined with efforts of manufacturers, in order to release a low-cost variant or to ensure price reduction of existing digital products, is also driving the growth of digital x-ray systems.

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