The hand-held X-rays market is expected to experience significant growth, with the dental segment likely to dominate and hold a market share of 93.5% in 2023.
According to recent market research by FMI, the global Hand-Held X-rays Market is anticipated to witness a CAGR of 10.9% over the forecast period. The market is estimated to increase from US$ 805.69 million in 2023 to US$ 2,267.17 million in 2033.
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Crucial Growth Factors:
The hand-held X-ray market is expected to experience growth due to several factors:
The Hand-Held X-rays market is witnessing a surge in demand due to the devices' ability to provide high patient output rates and fast imaging. Moreover, the device produces good-quality images and low radiation risks. Also, the market is expected to expand rapidly due to advancements in the field of osteopathy and an increase in sports-related injuries.
Additionally, the government's increased focus on providing high-quality diagnostic imaging at a lower cost is driving the demand for hand-held X-ray units. Investments in research and development play a crucial role in the growth of the Hand-Held X-rays market. As leading market players focus on upgrading their devices and developing new detection techniques. These advancements not only increase the revenues of key players but also drive the overall growth rate of the Hand-Held X-rays market.
Restraining Factor:
Hand-held X-ray equipment can capture private patient information, making them vulnerable to hacker attacks and data breaches. This crucial aspect can limit the market to some extent.
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Key Takeaways:
Competitive Background:
The key players operating in the Hand-Held X-rays market are investing in mergers and acquisitions to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the Hand-Held X-rays market. As a result, market participants are likely to have a better overall revenue share in the global market.
Some Key Players in the Global Market Include:
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Key Segments
Hand-Held X-rays as an Application:
Hand-Held X-rays for End User:
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Jul 05, 2023