by Market Overview:
Digital mobile x-ray devices, also known as portable x-ray machines, allow medical imaging at the point-of-care. These devices offer portability and easy transportation to patient’s location. They are widely used in emergency rooms, operating rooms, and intensive care units where patients cannot be transported to traditional radiology rooms easily. Digital mobile x-ray devices capture x-ray images digitally and display them on integrated flat panel screens, removing the need for chemical processing and films. They provide fast and convenient imaging compared to traditional radiography.
Market key trends:
One of the key trends in the digital mobile x-ray devices market is the increasing adoption of wireless detectors. Wireless detectors offer greater mobility and freedom of movement compared to wired detectors. They eliminate wire constraints and allow images to be acquired from any angle. This increases efficiency and streamlines workflow especially in busy medical settings. Various players in the market are focused on developing advanced wireless detectors with high image quality, low dose, and long battery life. For instance, KaVo Kerr introduced the Kavo IntraX system with Clarity Imaging Technology and wireless detectors in 2019.
Porter’s Analysis
Threat of new entrants: The digital mobile X ray devices market requires significant capital investment for R&D and production. The established market players enjoy the benefits of economies of scale that pose barriers for new entrants.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are several established market players providing differentiated digital mobile X ray devices. However, the needs of buyers are price sensitive in cost-constrained environments like hospitals.
Bargaining power of suppliers: A few large multinational companies dominate the supply of key components like detectors, generators, tubes, and software for digital mobile X ray devices. This provides them significant bargaining power over device manufacturers.
Threat of new substitutes: There is no direct substitute for digital mobile X ray devices. However, substitutes like stationary general radiography systems, ultrasound, computed tomography pose a potential threat based on specific application needs.
Competitive rivalry: The digital mobile X ray devices market is highly competitive with the presence of numerous global and regional players. Product differentiation, pricing strategies, and new product launches determine the competitive rivalry.
Key Takeaways
The Global Digital Mobile X Ray Devices Market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing prevalence of chronic diseases, rising geriatric population, and growing demand for point-of-care diagnostics.
North America dominated the digital mobile X ray devices market in 2022 owing to presence of major market players, high healthcare expenditure, and rising incidence of chronic conditions in the U.S. and Canada. However, Asia Pacific is anticipated to be the fastest growing market during the forecast period driven by increasing healthcare investments, expanding medical tourism industry, and growing medical device companies in China and India.
Key players operating in the digital mobile X ray devices market include Toshiba Corporation, Carestream Health, General Electric Company, Hitachi Ltd., Siemens Healthcare Private Limited, Koninklijke Philips N.V., Shimadzu Corporation, MinXray Inc., KA Imaging, Samsung Group, OXOS Medical, InnoCare Optoelectronics, Siemens Healthineers, Shimadzu Medical Systems USA, Konica Minolta Healthcare Americas Inc., Canon Inc., Boston Imaging, Nanox, Fujifilm, Scanna-MSC, VUNO, and Canon Medical Systems USA Inc. Major players are focusing on new product launches, geographical expansion and mergers & acquisitions to gain leading position in the market.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
