Market Trends of Asia-Pacific Digital X-ray Devices Industry
Portable Systems Segment is Expected to Hold a Significant Market Share During the Forecast Period
- Portable X-rays have been a valuable tool in monitoring and diagnosing patients in the healthcare setting, where the transfer of patients to the radiology department is challenging. The portable X-ray machine has the potential to overcome location barriers and benefit patients who are in life-threatening situations and require immediate treatment wherever they are, possibly needing an on-the-spot diagnosis.
- As per an article published in the National Library of Medicine in October 2022, one major benefit of utilizing a portable X-ray is its ability to avoid transport and extra movements of patients. Radiograph examinations done with the help of mobile imaging equipment offer less processing speed and eliminate long wait times. Portable X-ray machines usually take less than 20 minutes.
- Furthermore, portable X-ray devices offer socio-economic advantages as they reduce the use of ambulance and taxi transportation and personnel pull-out to accompany patients to and from the hospital. Mobile X-rays help reduce overall costs. Hence, the advantages associated with portable X-rays are expanding their demand.
- The new launches are further propelling the market’s growth. For instance, in July 2022, Shimadzu Corporation added a new MobileDaRt Evolution MX8 Version V type digital mobile X-ray system to the mobile X-ray system lineup for release outside Japan. The system incorporates digital radiography (DR), which is in demand outside Japan. With the advantages of portable systems and increasing product launches, the segment is expected to grow significantly during the forecast period.
- Hence, owing to the aforementioned factors, such as the advantages of portable X-ray devices and rising product launches, the segment is expected to witness rapid growth during the forecast period.
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India is Expected to Hold a Significant Share in the Digital X-ray Devices Market During the Forecast Period
- India is expected to hold a significant share of the digital X-ray devices market mainly because of the rising geriatric population, the high burden of orthopedic and dental diseases, and the rising product launches.
- The geriatric population is prone to orthopedic, dental, and other diseases. Digital X-ray devices are highly beneficial for this population because of the difficulty of commute. For instance, according to the United Nations Population Fund dashboard statistics updated in 2022, an estimated 7% of India's total population was 65 years or older in 2022. Thus, a high geriatric population, which is prone to several respiratory diseases, is expected to contribute to market growth during the forecast period.
- Local market players are investing heavily in product development and launches to boost digital X-ray device manufacturing in India. For instance, in February 2022, Carestream Health India unveiled the DRX Compass, a digital radiology solution that is precise, user-friendly, and customizable. This innovative system is crafted to elevate radiologists' efficiency to unprecedented levels. What sets DRX Compass apart is its adaptability, allowing radiology facilities to tailor their setup by choosing from a diverse array of detectors, tubes, generators, tables, and collimators. This level of customization empowers facilities to harness the full potential of this cutting-edge technology.
- Therefore, the aforementioned factors, such as the rising geriatric population, increasing government initiatives to expand the manufacturing of medical devices, including digital X-ray devices, and product launches, are anticipated to propel the market’s growth in the country.
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