Global Portable X-ray Devices Market: Overview
The demand within the global market for portable X-ray devices has been rising alongside rising incidence of bone injuries and fractures. Portable X-ray devices can be operated without the need for a large setup, and this makes them extremely useful for doctors and medical practitioners. X-ray devices have gathered popularity on account of the need to ensure immediate diagnosis and treatment within healthcare. The portability of these devices makes it easy for doctors to inspect each patient at their respective location. Hence, the global demand for portable X-ray devices market is projected to expand at a stellar pace in the years to come.
The past decade has witnessed a plethora of advancements in the field of medical devices and equipments. The popularity of portable X-ray devices is also a key attribute of the global revolution in the healthcare industry. Several new and advanced technologies have come to the fore of the global portable X-ray devices market. These devices are easy to operate and can provide quick reports and results. Hence, the global demand for portable X-ray devices is expected to keep rising in the years to follow. The presence of trained medical analysts and doctors has made it easier for healthcare centers to deploy portable X-ray devices.
The global market for portable X-ray devices can be segmented on the basis of the following parameters: technology, applications, modality, and geography. On the basis of technology, the demand for digital X-ray devices has been rising at a stellar pace in recent times. Based on applications, the use of portable X-ray devices for diagnosing fractures and bone injuries has been on a rise.
The portable X-ray devices market is expected to ride on the back of the miniaturization of devices. These devices have been extensively used in dental radiology. Growing uptake in intraoral radiography is accentuating the prospects of the portable X-ray devices market. The vast diagnostic benefits of portable X-ray devices in radiographic imaging in general dental facilities. Adoption of the U.S. Food and Drug Administration standards has catalysed the demands for hand-held portable X-ray devices in a number of healthcare settings such as operation theatres, emergency rooms, nursing homes, residential, and detention centre facilities. Adoption of radiation eclipse mechanisms has help reduce the risk of exposure to portable X-ray devices. Growing focus of increasing the portability of X-ray devices market. Device manufacturers have equipped the systems with better battery technologies with longer life and better safety. The use of rechargeable lithium-ions has been mainstreamed in the portable X-ray devices market. A key case in point is high-voltage power supply and improving leakage radiation. Innovative internal shielding is a key feature that has improved the safety aspects of the portable X-ray devices market.
Advances in new imaging technologies in forensic odontology has helped accentuate the prospects in the portable X-ray devices market. Diagnostic-quality X-rays are growing in popularity in the healthcare industry over the past few years. Manufacturers of medical devices are increasingly focused on complying with electromagnetic compatibility standards. The adoption of portable RF communications equipment is opening new avenues in the portable X-ray devices market. The next-generation portable X-ray devices market will be driven by features that meet the confluence of patients’ safety, mobility, and positioning. The strides toward digitization of medical devices are unlocking new prospects in the market. The need for high-quality X-ray images is opening new avenues for miniature formats n portable X-ray devices market.
Global Portable X-ray Devices Market: Notable Developments
The global market for portable X-ray devices is plush with an edgy competitive landscape and several new trends and developments:
- The vendors who have existed in the global portable X-ray devices market for more than a decade have a competitive advantage due to their regular consumer base. Hence, these vendors are focusing more on developing improved and utility-driven X-ray devices.
- Canon Medical Systems has improved its manufacturing dynamics by supplying high-quality and easy-t-operate x-ray devices.
Some of the key vendors in the global portable X-ray devices market are General Electric Company, Shimadzu Corporations, and Koninklijke Philips N.V.
Global Portable X-ray Devices Market: Growth Drivers
- Advancements in Medical and Healthcare Services
The demand within the global portable X-ray devices market has been rising alongside advancements in field of osteopathy. The rising incidence of sports injuries that necessitate immediate aid has created ripples across the global portable X-ray devices market. Furthermore, the need for providing medical services in rural areas that are deprived of proper healthcare equipment has also created demand within the global portable X-ray devices market.
- Popularity of Digital X-ray Systems
The utility served by digital X-ray system supersedes that of analogue X-ray systems. Hence, the demand for the former is projected to shoot up in the years to come. Moreover, advancements in the field of digital radiography has also played a vital role in market growth.
Global Portable X-ray Devices Market: Regional Outlook
On the basis of geography, the global market for portable X-ray devices has been segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. The market for portable X-ray devices in North America is expected to grow alongside advancements in emergency-care.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.