Market Size of South America Portable X Ray Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 492.95 Million |
| Market Size (2029) | USD 688.49 Million |
| CAGR (2024 - 2029) | 6.91 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South American Portable X Ray Devices Market Analysis
The South America Portable X Ray Devices Market size is estimated at USD 492.95 million in 2024, and is expected to reach USD 688.49 million by 2029, growing at a CAGR of 6.91% during the forecast period (2024-2029).
In South American countries the geriatric population is rising which is driving the market growth. For instance, according to United Nations Department of Economic and Social Affairs, In Brazil there are around 19,526 population aged over 60 years in 2019. The number is estimated to reach 30,413 by 2030. The aging process is commonly associated with the onset of increased risks of chronic diseases and weakness in the bones and muscles.
In addition, Elderly patients face high risks of developing various disorders, such as orthopedic disorders, lung problems, and abdominal disorders. Thus, 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.
Furthermore, rising technological advancements and H]huge funding for R&D of portable technologies by private players and the governments is also propelling the overall market growth.
