The Portable X-Ray Devices Market is estimated to be valued at US$7676.84 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Portable X-Ray devices are medical imaging equipment that produce images of internal body parts such as bones, muscles, and organs. They are lightweight and compact devices that can be carried easily to different locations. Portable X-ray devices provide advantages of convenient usage in emergency rooms, operating rooms, and ICUs where patient transportation is difficult. They help doctors diagnose injuries and illnesses quickly at the patient's location. Market key trends: One of the major trends driving the growth of portable X-ray devices market is increasing usage in emergency and operating rooms. Emergency rooms see a high volume of patients on a daily basis. Portable X-ray machines enable quick diagnostic scans without moving patients from emergency rooms. Their usage has increased in operating rooms as well for scanning internal body parts during surgeries without disrupting workflow. Growing demand for convenient diagnostic solutions in emergency healthcare settings is expected to boost adoption of portable X-ray devices over the forecast period. Porter's Analysis Threat of new entrants: Low capital requirements and established distribution channels pose a moderate threat of new entrants. Bargaining power of buyers: Large number of buyers in the healthcare industry increases their bargaining power. Bargaining power of suppliers: Dependence on few component suppliers increases their bargaining power. Threat of new substitutes: Substitutes like stationary x-ray devices pose a competitive threat. Competitive rivalry: Intense competition between established players leads to pricing pressures. SWOT Analysis Strengths: Growing demand for portable devices in healthcare facilities and remote patient monitoring. Technological advancements offering improved performance. Weaknesses: High costs of advanced devices limiting adoption in price sensitive markets. Stringent regulatory approvals delay market entry. Opportunities: Increasing healthcare expenditure in emerging economies. Rising incidence of chronic diseases necessitating quick diagnostics. Threats: Economic slowdowns affecting discretionary healthcare spending. Reimbursement issues hindering revenue growth. Key Takeaways The global Portable X-Ray Devices Market Share is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing preference for point-of-care diagnostics and remote patient monitoring solutions. North America dominated the market owing to an established healthcare system and presence of leading market players in the region. Asia Pacific is projected to be the fastest growing market due to rising geriatric population, healthcare reforms, and increasing prevalence of chronic diseases. Key players operating in the portable x-ray devices market are Carestream Health Inc., Siemens Healthineers AG, Shimadzu Corporations, MinXray, Koninklijke Philips NV, GE Healthcare, Canon Medical Systems, Envista Holdings Corporation, and FUJIFILM Holdings Corporation among others. These players are focusing on new product launches and collaborations to strengthen their market presence. Read More, https://www.newsstatix.com/postmenopausal-osteoporosis-market-trends-size-and-share-analysis
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