The need for point of care diagnostics has led to the invention of portable X-Ray devices. They are very useful when the treatment has to be completed in a short duration of time. Therefore the increasing awareness of these portable devices in the region is boosting the market growth.
Furthermore, the increasing geriatric population with mobility issues in the region is fueling the market growth. According to the World Health Organization, there were 43 million elderly population in 2010, which is estimated to increase to 67 million by 2025 in Africa. The aging process is commonly associated with the onset of increased risks of chronic diseases and weakness in the bones and muscles. Due to the rapid increase in the geriatric population, the prevalence of age-associated disorders has witnessed an increase, and a major number of this population has mobility issues which, in turn, has resulted in the expansion of the market.
Key Market Trends
Digital X-ray is Expected to Hold the Largest Share of the Market During the Forecasted Period
In the present scenario, the adoption rate of digital x-ray systems is not (or close to) 100%, in spite of their advantages over the analog systems. However, this scenario is expected to change soon, and the x-ray devices market is likely to be almost completely dominated by digital x-ray systems in the future. Even in emerging markets like Africa, Saudi Arabia, UAE of the region many manufacturers are trying to produce low-cost devices to fit into the market.
Moreover, the increasing prevalence of chronic diseases in the region is also boosting segment growth. According to Abderrahim Oulhaj, an article published in 2020, the number of CVD-related deaths is expected to increase from 17.7 million in 2015 to 23.6 million in 2030. Furthermore, a rise in government focus on high-quality diagnostic imaging, combined with efforts of manufacturers, in order to release a low-cost variant or to ensure price reduction of existing digital products, is also driving the growth of digital x-ray systems.
The competition in the market is set to intensify, as several key players are focusing on the expansion of their portable x-ray devices portfolios through acquisitions of and collaborations with other companies. The market is expected to open up several opportunities for new players, as well as the currently established market leaders. The key players in the market include Canon Medical Systems, GE Healthcare, Koninklijke Philips NV, and Shimadzu Corporations, among others.
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