The Latin American Portable X-ray devices market is estimated to worth USD 1.72 billion by 2027 and USD 0.82 billion in 2022, growing at a CAGR of 15.91% during the forecast period.
The market for portable X-Ray devices is majorly driven by the growing focus on preventive care, changing lifestyles, and growing minimally invasive diagnostics devices. Also, the rising number of patients with chronic diseases and technological advancements in the healthcare sector in Latin America are driving the market. Furthermore, increasing investment and funding by the government and non-government organizations on research and development of portable devices encourages market growth. The enormous diagnostic benefits of mobile X-ray devices in radiographic imaging in general dentistry facilities highlight the potential of the portable X-ray devices market—the growing acceptance in intraoral radiography emphasizes the prospects of the portable X-ray devices market. The medical portable X-ray device market is anticipated to expand due to rising medical tourism and increased efficiency in emerging nations.
Additionally, the increasing geriatric population in the region is considered one of the major growth influencing factors as the aging process is commonly associated with 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. Furthermore, the X-Ray devices have the following advantages: they can be folded into a small size, reducing transportation hassles; they can be connected to the computer in the X-Ray lab; images can be directly viewed on the monitor; and images can be directly sent to physicians in the form of a soft copy, all of which are contributing to the market's growth.
The use of radiation eclipse mechanisms has helped minimize the danger of exposure to portable X-ray equipment, which is a rising emphasis on the X-ray device business as it strives to become more portable. Furthermore, device makers have supplied the devices with improved battery technologies with a longer life and are safer. The use of rechargeable lithium-ion batteries in portable X-ray equipment has become commonplace. High-voltage power supply and improved leakage radiation are two key examples. Internal shielding is a significant component that has enhanced the market for portable X-ray equipment in terms of safety. The adoption of US FDA guidelines has sparked a surge in demand for hand-held portable X-ray machines in various healthcare settings, including operating rooms, emergency rooms, nursing homes, and residential and detention center facilities.
However, increasing interest rates and ongoing ethical and privacy concerns regarding data sharing in portable X-ray devices are two factors that might stymie the future growth of the portable X-ray devices market.
This research report on the Latin America Portable X-Ray Devices Market has been segmented and sub-segmented into the following categories:
By Devices Type:
Geographically, Latin America is expected to account for the moderate share of the global portable X-ray devices market during the forecast period. The market growth in the region is attributed to the rising focus on shifting from stationary x-ray and conventional analog to portable or mobile x-ray devices; evolving healthcare infrastructure and healthcare services in the region are majorly driving the market in this region. In addition, the emerging nations of Brazil and Mexico have recently experienced an economic slowdown, which might have a substantial influence on market pricing. However, ongoing technological advancements in the healthcare sector, growing awareness about portable medical devices, and improving investments are more likely to accelerate the market growth. Furthermore, Brazil and Mexico have witnessed advancements in the healthcare sector, expanding portfolios through acquisitions, and creating innovative solutions with superior image quality equipment are influencing the market development.
KEY MARKET PLAYERS:
Noteworthy companies dominating the Latin America Portable X-Ray Devices Market profiled in this report are Carestream Health, Hitachi Medical Corporation, Siemens Healthcare, Philips Healthcare, Virtual Imaging, GE Healthcare, and Fujifilm Holdings, Shimadzu Corporation, and Toshiba Corporation.
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