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South America Portable X Ray Devices Market Size (2024 - 2029)

The South America Portable X-ray Devices Market is experiencing growth driven by an increasing geriatric population, which is associated with a higher prevalence of chronic and age-related disorders. This demographic shift is contributing to the expansion of the market as the demand for portable X-ray devices rises to address the healthcare needs of elderly patients. Additionally, advancements in technology and significant investments in research and development by both private entities and governments are further propelling the market's growth trajectory.

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Market Size of South America Portable X Ray Devices Industry

South America Portable X Ray Devices
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 492.95 Million
Market Size (2029) USD 688.49 Million
CAGR (2024 - 2029) 6.91 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

South American Portable X Ray Devices Market Analysis

The South America Portable X Ray Devices Market size is estimated at USD 492.95 million in 2024, and is expected to reach USD 688.49 million by 2029, growing at a CAGR of 6.91% during the forecast period (2024-2029).

In South American countries the geriatric population is rising which is driving the market growth. For instance, according to United Nations Department of Economic and Social Affairs, In Brazil there are around 19,526 population aged over 60 years in 2019. The number is estimated to reach 30,413 by 2030. The aging process is commonly associated with the onset of increased risks of chronic diseases and weakness in the bones and muscles.

In addition, Elderly patients face high risks of developing various disorders, such as orthopedic disorders, lung problems, and abdominal disorders. Thus, due to a rapid increase in the geriatric population, the prevalence of age-associated disorders has witnessed an increase, which, in turn, has resulted in the expansion of the market.

Furthermore, rising technological advancements and H]huge funding for R&D of portable technologies by private players and the governments is also propelling the overall market growth.

South American Portable X Ray Devices Industry Segmentation

As per the scope of this 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 and in old age homes, as well as for medically oriented aid organizations, ships and offshore platforms. X-rays are a form of electromagnetic radiation of high energy and very short wavelength, which are able to pass through materials and solid objects, including the body.

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South America Portable X Ray Devices Market Size Summary

The South America Portable X-ray Devices Market is experiencing significant growth, driven by an increasing geriatric population and the associated rise in age-related disorders. The aging demographic in countries like Brazil is contributing to a higher prevalence of chronic diseases, orthopedic, lung, and abdominal disorders, which in turn is fueling the demand for portable X-ray devices. Technological advancements and substantial investments in research and development by both private and governmental entities are further propelling market expansion. The market is witnessing a shift towards digital X-ray systems, which are expected to dominate due to their superior patient throughput, rapid image acquisition, high-quality imaging, and reduced radiation exposure.

The competitive landscape of the South America Portable X-ray Devices Market is fragmented, with several key players holding significant market shares. Major companies such as GE Healthcare, Koninklijke Philips NV, Canon Medical Systems, and FUJIFILM Holdings America Corporation are leading the market. These companies are focusing on innovation and the development of advanced technologies to maintain their competitive edge. The market is also seeing the integration of AI-powered solutions, like the software released by Lunit for COVID-19 detection, which is being implemented in major hospital networks across Brazil. This trend towards digitalization and technological integration is expected to shape the future dynamics of the market.

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South America Portable X Ray Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Geriatric Population and Increasing Prevalence of Vascular Diseases

      2. 1.2.2 Huge Funding for R&D of Portable Technologies by Private Players and the Governments

    3. 1.3 Market Restraints

      1. 1.3.1 High Risk of Radiation Exposure

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Technology

      1. 2.1.1 Analog X-ray

      2. 2.1.2 Digital X-ray

    2. 2.2 By Application

      1. 2.2.1 Dental X-ray

      2. 2.2.2 Mammography

      3. 2.2.3 Chest X-ray

      4. 2.2.4 Abdomen X-ray

    3. 2.3 By Modality

      1. 2.3.1 Handheld X-ray Device

      2. 2.3.2 Mobile X-ray Devices

    4. 2.4 Geography

      1. 2.4.1 South America

        1. 2.4.1.1 Brazil

        2. 2.4.1.2 Argentina

        3. 2.4.1.3 Rest of South America

South America Portable X Ray Devices Market Size FAQs

The South America Portable X Ray Devices Market size is expected to reach USD 492.95 million in 2024 and grow at a CAGR of 6.91% to reach USD 688.49 million by 2029.

In 2024, the South America Portable X Ray Devices Market size is expected to reach USD 492.95 million.

South America Portable X-ray Devices Market Report Snapshots

South America Portable X-ray Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)