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Rising incidences of accidents which may affect orthopedic, cardiovascular or brain are likely to trigger the market growth for portable X-ray and CT scan devices. Advancement in technology coupled with huge investment in healthcare sector is resulting in discovery and development of portable medical devices. The radiation produced by X-ray devices are generally used for diagnosis and interventional process.
Increasing demand in home healthcare device and minimal invasive diagnosis devices are the main reasons for adoption and development of these devices. CT scan are used to obtain tomographic image of particular area which is used in detection of chronic diseases like brain tumor, bone & joins image and injuries in internal organs like kidney and liver in the body. Introduction of novel technologies such as PACS provides platform to store the images electronically and convenience in accessing those images in future.
Developing technologies have resulted in introduction of wireless X-ray detectors and portable devices. The overall cost can be minimized by reducing the storage cost relating to X-ray films. Growing medical tourism in developing countries and increasing efficiency is anticipated to witness further growth in portable X-ray and CT scan device market.
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Product Insight
On the basis of product, the entire market is segmented in portable X-ray devices and CT scan device market. X-ray device market is consisting of largest share in the global market owing to its convenience in handling, discharge low rate of radiation and relatively cheaper cost. Increasing geriatric population and rising demand for electronic imaging are the main reason expected for the dominance of X-ray market by 2020. The expected market of X-ray is likely to decline over the estimated period.
The global CT scan market is anticipated to witness significant growth rate over coming six years. Due to large potential market, its ability to take multiple images in a series and efficient handling injuries in soft tissues are likely to increase the CT scan market growth in the next decade. Furthermore, upsurge in technological advancement which has led to the introduction of portable CT scan device are anticipated to propel the market growth in future. The global CT scan market is used in diagnosis and interventional procedure in orthopedic and dental purposes. Although the revenue generated form handheld/non portable X-ray and CT scan devices are much less than portable X-ray and CT scan devices, the market is anticipated to grow at a massive rate owing to increasing demand of minimal invasive diagnosis, technological advancement and increase in personal disposable income.
Technology Insight
On the basis technology, market is dominated by computed radiography as of 2012 owing to its cost effectiveness and user friendliness. Apart from this, digital radiography based portable X-ray devices are anticipated to grow with highest due to fastest image acquisition rate, high throughput rate, low imitation of radiation and good quality image. In CT scan market is leading in medium slice scanners. The possible reasons for such a high usage rate can be better performance and its cost effectiveness.
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Regional Insight
Regionally, North America dominates the entire Portable X-ray and CT scan device market in 2013. Owing to increasing number of geriatric population and technological competitiveness, this market is anticipated to continue its dominance over the forecast period. Asia Pacific region is likely to show highest growth by 2020 due to increasing disposable income, huge expenditure in sunk cost and strong government support in healthcare sector.
Competitors Insight
Some of the key market players for portable X-ray and CT scan device market are Philips Healthcare, GE Healthcare, Hitachi Medical System, Siemens Healthcare, Shimadzu Corporation and Varian Medical system. Among these Philips Healthcare held the largest market share in 2012, in accordance with the revenue.
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