Global Portable X-Ray Devices Market Driven by Technological Developments
Posted on 21 Oct 2022
Portable X-ray devices are used in chest radiography procedures on patients who have limited mobility and cannot be moved to the radiology department. These devices are designed with features that make them easily movable in restricted areas such as between small wards. The increasing prevalence of chronic diseases and rise in the aging population across the world are driving the demand for portable X-ray devices. As a result, the global portable X-ray devices market which was valued at USD 6.44 billion in 2021 is expected to register a CAGR of 9.2% between 2022 and 2028 to reach USD 11.95 billion by 2028.
These are the latest findings of Coherent Market Insights (Seattle, WA, USA), a global market intelligence and consulting organization.
As per the World Health Organization (WHO) factsheet, the number of people aged 60 years and above is expected to increase to 2.1 billion by 2050 and the number of people aged 80 years and above will reach 426 million by 2050. The increased adoption of portable X-ray devices is being led by a rise in the aged population across the world and is likely to boost market growth. Additionally, the prevalence of chronic diseases is increasing globally. As per WHO data, nearly 41 million individuals, or 71% of world’s population, can be expected to die from non-communicable diseases such as cancer, cardiovascular diseases and other chronic conditions. As a result, the rising prevalence of chronic diseases is expected to propel the growth of the global portable X-ray devices market. Furthermore, increasing technological developments are also expected to augment the growth of the global portable X-ray devices market. For instance, manufacturers are introducing new products in the market and focusing on launching AI-enabled X-ray devices.
Geographically, North America is expected to dominate the global portable X-ray devices market and hold the largest share during the forecast period due to a rise in chronic diseases and increasing aged population across the region. However, the Asia Pacific portable X-ray devices market is expected to record the fastest growth during the forecast period owing to its rapidly increasing geriatric population who are vulnerable to chronic diseases.
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