Portable X-ray Devices Market Size
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 8.40 Billion |
| Market Size (2029) | USD 13.03 Billion |
| CAGR (2024 - 2029) | 9.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Portable X-ray Devices Market Analysis
The Portable X-ray Devices Market size is estimated at USD 8.40 billion in 2024, and is expected to reach USD 13.03 billion by 2029, growing at a CAGR of 9.18% during the forecast period (2024-2029).
The outbreak of the pandemic impacted the market. Portable X-ray devices were widely used during the pandemic to evaluate symptomatic patients with suspected or confirmed COVID-19 disease. For instance, according to a research study published in November 2020, accurate diagnosis of COVID-19 with chest X-rays ranged from 57.0% to 89.0%. X-ray devices played an essential role in detecting such visual responses associated with COVID-19 infection. Thus, owing to the efficiency of portable X-ray devices in detecting COVID infection, these devices were rapidly adopted in diagnosing lungs during the pandemic. However, a decrease in imaging volumes during the pandemic imposed a slight short-term negative impact on the market. For instance, according to the research journal published by the American College of Radiology in May 2020, the total imaging volume in 2020 (weeks 1-16) declined by 12.3% compared to 2019. It also reported that post-COVID-19 (weeks 10-16) revealed a greater decrease (28.1%) in imaging volumes across all patient service locations. The same source also reported an 88.0% decline in week 16 in outpatient imaging, and X-rays contributed to a nearly 22.0% decline. Thus, during the initial days of the pandemic, the market witnessed moderate growth. However, the upliftments of lockdowns, declining corona cases, and increasing in-clinic patient visits during the later times of the pandemic helped the market to gain momentum and are expected to continue the upward trend over the forecast period.
Technological advancements, the growing geriatric population, the increasing prevalence of vascular diseases, and huge funding for R&D of portable technologies by private players and governments are the major factors driving the market growth. In addition, the government is providing grants for various research projects for X-rays, which is also driving the market growth. For instance, in June 2021, the UK government and the Department of Health and Social Care issued USD 44.03 million to boost AI technologies to revolutionize the National Health Service care. It also reported that nearly 38 new pioneering AI projects were started that may help to revolutionize care and accelerate diagnosis. Therefore, such initiatives may create new opportunities for the market as they may lead to the introduction of technologically advanced portable X-rays. Thus, such favorable initiatives from the government may help to boost the market growth over the forecast period.
Major players in the market are also adopting technological developments as strategies to maintain their market positions. The companies are also investing in R&D activities for technologically advanced products. For instance, in September 2021, GE Healthcare launched AMX Navigate, a new portable, digital X-ray system equipped with a power-assisted free motion telescoping column that aims to reduce lift force by up to 70.0% and decrease technologist injury. The new device is also equipped with Zero Click Exam, which increases efficiency by automating workflow and reducing user interface interactions. Therefore, owing to such instances, considerable market growth is anticipated over the forecast period.
However, stringent regulatory scenarios and the high risk of radiation exposure are expected to restrain the market growth over the forecast period.
Portable X-ray Devices Market Trends
This section covers the major market trends shaping the Portable X-ray Devices Market according to our research experts:
Digital X-ray Segment is Expected to Witness Significant Growth Over the Forecast Period
Portable digital X-ray systems directly convert the transmitted X-ray radiation into a digital image using an array of solid-state detectors, such as amorphous selenium or silicon and display the image directly on the computer. The digital X-ray emits very little radiation than analog (traditional) X-rays, making it highly safer. The images produced by the digital system are of high quality. They are produced immediately after the procedure, thus reducing the waiting time.
The increasing adoption of portable digital X-ray systems across the globe is the major driver for the segment. In addition, the launch of technologically advanced products by the key players is also driving segment growth. For instance, in March 2021, Fujifilm India Private Limited, a subsidiary of Fujifilm Holdings Corporation, launched a mobile digital radiology system called FDR nano, which provides high-resolution images with low X-ray doses in healthcare settings. As per the company, FDR nano enables noise reduction circuits that improve the granularity of low-density regions and achieve high image quality. Furthermore, in August 2020, Canon Medical launched SOLTUS 500 Mobile Digital X-ray system in the U.S. market. This new system offers enhanced ease of use, increased productivity, enhanced safety features, simplified detector charging, and increased storage capacity. Therefore, launching new advanced products may create new opportunities and increase the market's competitiveness, thereby driving the segment growth.
The rising geriatric population is also another factor driving the segment growth. For instance, according to the Knoema journal published in 2021, Argentina's population aged 65 years and above was 11.5 % in 2021. The geriatric population in Argentina increased to 11.5 % in 2021, and it is growing at an average annual rate of 0.95%. The geriatric population is prone to various diseases. Thus, owing to the increasing geriatric population, the demand for portable digital X-ray devices is anticipated to increase as diagnostic imaging equipment is one of the essential requirements for diagnosing various diseases.
Thus, considerable segment growth is anticipated over the forecast period owing to such factors.
North America is Expected to Witness Considerable Growth Over the Forecast Period
North America is expected to dominate the overall portable X-ray devices market over the forecast period. The growth is due to factors such as rapidly advancing healthcare infrastructure, rising chronic disorders, and the presence of technologically advanced players in this region. For instance, according to GLOBOCAN 2020 report, 2,281,658 new cancer cases were diagnosed in the United States in 2020, with 612,390 fatalities. Similarly, as per the report published by Arthritis in Canada in August 2021, more than 6.0 million Canadians, 1 in 5 aged 15 or above, had arthritis. In addition, as per the same source, around 1 in 2 seniors over 65 had arthritis. The increased prevalence of chronic diseases increases the demand for accurate diagnosis and a treatment plan that is efficient and timely from healthcare providers, and as a result, the demand for portable X-ray devices is expected to increase, thereby propelling the market growth in the North American region.
Key product launches, high concentration of market players or manufacturer's presence, acquisition & partnerships among major players, and increasing cases of chronic diseases in the United States are some of the factors driving the growth of the knee replacement market in the country. For instance, in September 2021, GE Healthcare introduced the AMX Navigate, a new portable, digital X-ray system designed with a first-of-its-kind power-assisted Free Motion telescoping column that aims to reduce lift force by up to 70.0% and decrease technologist injury. Similarly, in May 2021, KA Imaging signed a distribution agreement in the United States with Alpha Imaging. Hospitals, medical facilities, and practices from 14 states have access to the Reveal 35C single exposure, portable, digital dual-energy subtraction digital radiography (DR) X-ray detector through Alpha Imaging. Thus, due to the development of innovative solutions, the market is expected to experience tremendous growth in the country.
Therefore, owing to the aforesaid factors, the growth of the studied market is anticipated in the North America Region.
Portable X-ray Devices Industry Overview
The market is moderately fragmented, and competition in the market is set to intensify as several key players are focusing on expanding their portable X-ray device portfolios through acquisitions and collaborations. The market is expected to offer several opportunities for new players and currently established market leaders. The key players in the market include Canon Medical Systems, General Electric Company, Koninklijke Philips NV, and Shimadzu Corporations, among others.
Portable X-ray Devices Market Leaders
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GE Healthcare
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Canon Medical Systems
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MinXray
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Envista Holdings Corporation (KaVo Dental GmbH)
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Koninklijke Philips NV
*Disclaimer: Major Players sorted in no particular order
Portable X-ray Devices Market News
- July 2022: Fujifilm Europe launched a new hybrid C-arm and portable x-ray device. The device, called FDR Cross, is designed to offer high-quality fluoroscopic and static x-ray images during surgery and other medical procedures.
- March 2022: Konica Minolta Inc. (Konica Minolta) launched AeroDR TX m01 in Japan. It is a portable X-ray system featuring a wireless dynamic digital radiography function.
Portable X-ray Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Technological Advancements
- 4.1.2 Growing Geriatric Population and Increasing Prevalence of Vascular Diseases
- 4.1.3 Huge Funding for R&D of Portable Technologies by Private Players and Governments
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4.2 Market Restraints
- 4.2.1 Stringent Regulatory Scenario
- 4.2.2 High Risk of Radiation Exposure
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4.3 Porter Five Forces
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market size in USD Million)
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5.1 By Technology
- 5.1.1 Analog X-ray
- 5.1.2 Digital X-ray
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5.2 By Application
- 5.2.1 Dental X-ray
- 5.2.2 Mammography
- 5.2.3 Chest X-ray
- 5.2.4 Abdomen X-ray
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5.3 By Modality
- 5.3.1 Handheld X-ray Devices
- 5.3.2 Mobile X-ray Devices
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle-East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Envista Holdings Corporation (KaVo Dental GmbH)
- 6.1.2 Canon Medical System
- 6.1.3 GE Healthcare
- 6.1.4 Koninklijke Philips NV
- 6.1.5 MinXray
- 6.1.6 FUJIFILM Holdings Corporation
- 6.1.7 Shimadzu Corporations
- 6.1.8 Siemens Healthineers AG
- 6.1.9 Carestream Health Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityPortable X-ray Devices Industry Segmentation
As per the scope of the 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, in nursing homes, and for medically oriented aid organizations, ships, and offshore platforms. X-rays are a form of high-energy electromagnetic radiation with a very short wavelength that can pass through materials and solid objects, including the body. The Portable X-ray Devices Market is segmented by Technology (Analog X-ray and Digital X-ray), Application (Dental X-ray, Mammography, Chest X-ray, and Abdomen X-ray), Modality (Handheld X-ray Devices and Mobile X-ray Devices), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report offers the value (in USD million) for the above segments. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Technology | Analog X-ray | |
| Digital X-ray | ||
| By Application | Dental X-ray | |
| Mammography | ||
| Chest X-ray | ||
| Abdomen X-ray | ||
| By Modality | Handheld X-ray Devices | |
| Mobile X-ray Devices | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Portable X-ray Devices Market Research FAQs
How big is the Portable X-ray Devices Market?
The Portable X-ray Devices Market size is expected to reach USD 8.40 billion in 2024 and grow at a CAGR of 9.18% to reach USD 13.03 billion by 2029.
What is the current Portable X-ray Devices Market size?
In 2024, the Portable X-ray Devices Market size is expected to reach USD 8.40 billion.
Who are the key players in Portable X-ray Devices Market?
GE Healthcare, Canon Medical Systems, MinXray, Envista Holdings Corporation (KaVo Dental GmbH) and Koninklijke Philips NV are the major companies operating in the Portable X-ray Devices Market.
Which is the fastest growing region in Portable X-ray Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Portable X-ray Devices Market?
In 2024, the North America accounts for the largest market share in Portable X-ray Devices Market.
What years does this Portable X-ray Devices Market cover, and what was the market size in 2023?
In 2023, the Portable X-ray Devices Market size was estimated at USD 7.69 billion. The report covers the Portable X-ray Devices Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Portable X-ray Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Portable X-ray Devices Industry Report
The Portable Radiography Systems Market is segmented by technology, application, modality, and geography. The industry overview highlights the division by analog X-ray and digital X-ray technologies, covering applications such as dental X-ray, mammography, chest X-ray, and abdomen X-ray. The modality segment includes handheld X-ray devices and mobile X-ray devices, with geographical analysis spanning North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
Industry reports indicate that the market is poised for significant growth, driven by advancements in digital X-ray technology. The market segmentation by application shows a diverse range of uses, with dental X-ray and mammography being particularly prominent. The industry research underscores the importance of mobile X-ray devices in expanding access to radiography services.
Market leaders are focusing on innovation and strategic partnerships to enhance their market share. The industry trends suggest a shift towards digital solutions, which offer improved image quality and faster processing times. Market data from the report example indicates a robust market growth trajectory, supported by increasing demand for portable and efficient radiography systems.
The market forecast provides insights into future market value, with an emphasis on the potential for growth in emerging markets. The industry analysis reveals that the market size is expanding, driven by technological advancements and the growing need for point-of-care diagnostics. The report pdf offers a comprehensive market review, detailing the market predictions and industry outlook for the coming years.
Research companies have identified key market trends, including the adoption of handheld X-ray devices and the integration of advanced imaging software. The industry statistics support the market's positive outlook, with a focus on the benefits of digital X-ray systems. The industry sales figures highlight the increasing popularity of portable radiography systems, which are becoming essential tools in medical diagnostics.
