South America Portable X Ray Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

South America Portable X Ray Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

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 Market Trends

Digital X-ray is Expected to Hold the Largest Share of the Market in the Technology Segment

In the present scenario, the adoption rate of digital x-ray systems is not (or close to) 100%, in spite of their advantages over 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. Moreover, In March 2020, Seoul-based medical AI software company Lunit has announced the released AI-powered software for chest X-ray analysis to detect COVID-19. The software is being installed in one of the largest hospital networks in Brazil with 8 locations

Digital X-ray has the largest share in the South American market, owing to factors, such as its high patient throughput rates, fast image acquisition rates, good image quality, and low radiation risks.

South American Portable X Ray Devices Industry Overview

The South America Portable X Ray Devices Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are GE Healthcare, Koninklijke Philips NV, Canon Medical Systems, Envista Holdings Corporation(KaVo Dental GmbH), FUJIFILM Holdings America Corporation, Shimadzu Corporations, Siemens Healthcare, Varian Medical Systems Inc..

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