According to the latest market research conducted by FMI, the global hand-held X-rays market is on a robust growth trajectory, projected to reach a valuation of USD 805.69 million in 2023. With an expected compound annual growth rate (CAGR) of 10.9%, the market is anticipated to grow significantly, reaching approximately USD 2,267.17 million by 2033.
The surge in demand for hand-held X-ray devices can be attributed to their portability, ease of use, and the growing need for rapid diagnostic imaging in various medical settings. These devices are increasingly being adopted in emergency care, dental practices, and veterinary medicine, where quick and accurate imaging is critical.
As technological advancements continue to enhance the capabilities of hand-held X-ray systems, including improved image quality and reduced radiation exposure, their applications in both clinical and field settings are expected to expand further. This trend is likely to contribute to the market’s robust growth over the coming years.
The hand-held X-rays market is expected to witness significant growth during the forecast period. The key factors driving market growth include:
- Increasing demand for portable X-ray devices in hospitals and clinics
- The rising prevalence of chronic diseases
- Technological advancements in the medical imaging sector
Discover more about the Growth Drivers
Benefits of Hand-held X-rays: The devices provide several benefits over traditional X-ray machines, including improved mobility and flexibility, reduced radiation exposure, and ease of use. This has led to their increased adoption in healthcare facilities. Particularly in emergency departments, intensive care units, and other settings where a rapid and accurate diagnosis is critical.
Increasing Chronic Ailments: The growing prevalence of chronic diseases, such as cancer, heart disease, and respiratory disorders contributed to the demand for hand-held X-ray devices. These conditions require frequent monitoring and imaging. Portable X-ray devices provide a convenient and efficient solution for healthcare professionals.
Advancements in Innovative Technology: Advancements in innovative technology have led to the development of hand-held X-ray devices. As it offers high-quality imaging with minimal radiation exposure. These devices also come equipped with advanced features such as wireless connectivity, cloud-based storage, and real-time image processing.
Mergers and Acquisitions
The market has seen several mergers and acquisitions in recent years. This is due to the desire to expand product offerings, increase the Hand-held X-rays market share, and take advantage of synergies between companies.
- In 2018, Canon Medical Systems Corporation acquired Diagnostic Imaging, a manufacturer of hand-held X-ray devices. To broaden its range of medical imaging devices and strengthen its position in the healthcare market. This acquisition enabled Canon to enhance its portfolio with hand-held X-ray devices and expand its reach in the healthcare industry.
- In 2019, Varex Imaging Corporation, a leading supplier of X-ray tubes and digital detectors, acquired Direct Conversion AB. The firm is a developer of high-performance photon counting detectors for medical and industrial imaging applications. This acquisition allowed Varex to expand its product offerings in the hand-held X-rays market, as well as other imaging applications.
- The merger of KA Imaging and Micro-X in 2020 resulted in the creation of a more robust and competitive player in the market. The merged entity is better positioned to meet the growing demand for portable medical devices and gain a stronger foothold in the hand-held X-rays market.
These mergers and acquisitions demonstrate the ongoing consolidation and maturation of the market. As the demand for portable medical devices continues to grow, more consolidation and partnerships between companies to capture a significant market share can be seen.
Key Companies & Market Share Insights
To strengthen their position in the market for hand-held X-rays, key players are implementing strategies such as geographic expansion and partnerships.
Some Key Players in the Global Market Include:
- Dental Imaging Technologies Corporation
- REMEDI Co., Ltd
- Genoray
- OXOS Medical
- MaxRayCocoon.com
- Digital Doc LLC.
- EVIDENT
- Carestream Dental LLC
Key Segments
Hand-held X-rays as an Application:
- Dental
- Orthopedic
- Others
Hand-held X-rays for End User:
- Hand-held X-rays for Hospitals
- Hand-held X-rays for Outpatient Facilities
- Hand-held X-rays for Research & Manufacturing
Hand-held X-rays Market by Region:
- Hand-held X-rays in North America Market
- Hand-held X-rays in Latin America Market
- Hand-held X-rays in Europe Market
- Hand-held X-rays in East Asia Market
- Hand-held X-rays in South Asia & Pacific Market
- Hand-held X-rays in the Middle East & Africa Market (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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