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The global market for portable diagnostic devices is undergoing a transformative phase, fueled by a surge in technological advancements that promise affordability, enhanced patient safety, and rapid, high-quality diagnoses. Market players are at the forefront, integrating cutting-edge technologies into portable devices, such as 3D ultrasound, advanced features and tools at fingertips, and wireless ultrasound. These innovations not only elevate the capabilities of portable diagnostic devices but also drive the market's exponential growth.
In recent developments, significant strides have been made by key players in the industry, unveiling groundbreaking technologies that redefine the landscape of portable diagnostics:
In February 2023, Mindray, a leading medical equipment manufacturer based in China, introduced the wireless handheld ultrasound system TE Air. This innovative device is meticulously designed to cater to the evolving needs of global healthcare professionals. Its simplicity of use across diverse medical settings and its provision of clear point-of-care ultrasound (POCUS) imaging mark it as a game-changer in the realm of portable diagnostics. This development underscores the industry's commitment to providing accessible and efficient diagnostic tools that empower healthcare practitioners worldwide.
Another noteworthy collaboration took place in February 2023, as Abdul Latif Jameel Health, based in Saudi Arabia and a part of Abdul Latif Jameel, joined forces with iSono Health from the United States. Together, they unveiled a portable breast imaging scanner that is now available in 31 countries. What sets this product apart is its status as a portable 3D ultrasound breast imaging scanner, incorporating automated imaging and artificial intelligence (AI). This advancement represents a significant stride in the realm of breast health, offering a portable solution that combines technological innovation with global accessibility.
In a trailblazing move in February 2021, Koninklijke Philips N.V., based in the Netherlands, launched a portable monitoring kit accompanied by advanced software. This medical tablet serves as a comprehensive solution, expanding Philips' remote patient monitoring capabilities. The kit's end-to-end functionality, coupled with its ease of implementation, addresses the evolving needs of healthcare providers. By seamlessly integrating advanced software, Philips has contributed to the evolution of portable diagnostic devices, ensuring a holistic approach to patient care through remote monitoring.
The common thread among these developments is the introduction of 3D and artificial intelligence (AI)-based portable diagnostic products, marking a paradigm shift in the industry. These innovations not only enhance the diagnostic capabilities of portable devices but also contribute to the overall growth of the market. The integration of 3D imaging and AI technologies brings unprecedented accuracy and efficiency to portable diagnostics, empowering healthcare professionals to make informed decisions swiftly.
As these groundbreaking technologies continue to permeate the portable diagnostic devices market, the healthcare industry is on the cusp of a revolution. The convergence of affordability, patient safety, and advanced diagnostic capabilities positions portable diagnostic devices as indispensable tools in modern healthcare. The trajectory of the market's growth, driven by these technological advancements, underscores the industry's commitment to providing accessible and innovative solutions that redefine the standards of patient care worldwide.
Digital Radiology Devices Market Highlights:
Global Digital Radiology Devices Market Overview
The Digital Radiology Devices Market Size was valued at USD 5.03 Billion in 2023. The Global Digital Radiology Devices industry is projected to grow from USD 5.41 Billion in 2024 to USD 9.73 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.09% during the forecast period (2024 - 2032).The digital radiology device is a segment of the imaging devices market. Digital radiology devices the fastest growing segment for the global imaging devices. Digital radiology device is one of the major segment of the imaging device and is expected to grow at the fastest growth rate. The major factors influencing the growth of the market include; rising economic growth, increasing growth in technological advancement in the field of medical devices, increasing demand for portable imaging devices, increasing applications of digital radiology.
Digital Radiology Devices Market Trends
Dentistry is one of the applications of digital radiology devices. Newly emerging models for patient care are evolving clinical environments for dentists. It is expected that digital radiology is to replace traditional manufacturing in the near future due to various reasons which include better predictability, increased accuracy, increased efficiency, and cost-effectiveness. These emerging models have hiked the growth of Dental Service Organizations. DSOs stand to gain a more dominant presence in the dental industry. According to study, Dental Service Organizations (DSOs) currently comprise about 7% of the dental market, but they are expected to grow to about 20% of the market as DSOs enable dentists to invest in new technology. In addition, many of the dentists joining DSOs are more likely to incorporate these technologies into their practices. Hence, DSOs will help in driving the market for digital radiology device globally.
However, factors such as the risk of ionizing radiations for children and teens and high-cost surgery device are hampering the growth of the market.
Digital Radiology Devices Market Segment Insights
The digital radiology devices market has been segmented into type, method, application, and end user.
Based on type, market segmented into stationary digital radiology systems, (Ceiling-mounted systems, Floor-to-ceiling mounted systems) and portable digital radiology systems (Handheld radiology systems, Mobile radiology systems)
On the basis of method, the market is segmented into computed radiography (CR) and direct radiography (DR)
Based on application, the market of digital radiology devices is segmented into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others.
Based on end user, the market of digital radiology devices is segmented into hospitals and clinics, diagnostic centers, and others.
The market for digital radiology devices, by region, has been segmented, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market of Digital Radiology Devices in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European market of Digital Radiology Devices has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The market for Digital Radiology Devices in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market for Digital Radiology Devices in the Middle East & Africa has been segmented into the Middle East and Africa.
Source: Annual Reports and Sec filings
Geographically, the Americas is anticipated to dominate the digital radiology devices industry owing to the presence of a huge patient population, increasing adoption of advanced technology in the field of diagnostics device, high healthcare expenditure, and the presence of major players in the region.
Europe is expected to hold the second largest position in the market of digital radiology devices.
Asia-Pacific is the fastest market growing digital radiology devices owing to the increasing demand for better imaging devices, the presence of a huge patient pool and rapidly improving the technology. Moreover, many manufacturers are trying to expand their presence in the region due to rapidly growing economies and the increasing availability of funds, and growing demand for the advanced imaging devices.
The Middle East and Africa market for digital radiology devices is expected to grow at a steady pace.
Key Players
Some of the prominent players in the market are
- Agfa-Gevaert Group,Canon Inc
- Carestream Health Inc
- Fujifilm Holdings Corporation
- General Electric Company
- Hitachi, Ltd.
- Konica Minolta, Inc
- Koninklijke Philips N.V.
- Siemens
- Varian Medical Systems, Inc
- Shimadzu Corporation
- Hologic
- Nucleotech Medical Systems International Limited
- Protec GmbH & Co. KG
Digital Radiology Devices Market Segmentation
Digital Radiology Devices Type Outlook
- Stationary digital radiology systems
- Ceiling-mounted systems
- Floor-to-ceiling mounted systems
- Portable digital radiology systems
- Handheld radiology systems
- Mobile radiology system
Digital Radiology Devices Method Outlook
- Computed radiography (CR)
- Direct radiography (DR)
Digital Radiology Devices Application Outlook
- Cardiovascular imaging
- Chest imaging
- Dental imaging
- Mammography imaging
- Orthopedic imaging
- Others
Digital Radiology Devices End User Outlook
- Hospitals & Clinics
- Diagnostic centers
- Others
Digital Radiology Devices Region Outlook
- Americas
- North America
- US
- Canada
- South America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
- Africa
Intended Audience
- Digital radiology devices manufacturers
- Digital radiology devices distributors
- Hospitals, clinics, and associations
- Diagnostics centers
- Private insurance companies
- Government agencies
- Various research and consulting firms
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