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(MoneyNewsWire.Net, May 03, 2018 ) The Latin American Portable X-ray devices market is estimated to reach USD 1.12 billion by 2021 by growing at a CAGR of 15.91%. The market revenue was reported to be USD 0.54 billion in 2016. Improvement in health care, rising occurrence of cardiovascular and respiratory diseases, and increasing investments by market bodies in this region are the major factors promoting the growth of the X-ray market in Latin America.
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The invention of these portable devices is outspreading a helping hand towards point of care diagnostics. Military and sports are the field which can get best benefit of these devices. The portable devices are directly connected to the computers and medical professionals can view the images for further treatment.
They are designed for speedy travel so can be used at private rooms, ICU’s, NICU’s and even technicians use them to check patients outside the hospital. Their high detail images feature helps to boost efficiency and confident diagnostics.
The growth in the portable X-Ray device market is seen because of rise in the geriatric population, rise in number of accidents and support from government and private bodies for the funding of portable technologies are the key drivers for this market. There is lack of medical technicians and high cost of portable devices, which restricts the market growth.
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The portable device market is segmented based on technology, applications and type of devices. Where technology includes analog and digital X-Ray devices, applications involve dental, mammography, chest and abdomen X-Ray and all these are diagnosed either by hand held devices or by mobile devices. The digital device market is holding the highest shares in all the application segments. This is due to the ease of use and accuracy of these digital diagnostic devices. Geographically, the Latin America market is segmented and analysed under the regions of Brazil, Argentina and Mexico.
The key players include Carestream Health, Hitachi Medical corporation, Siemens healthcare, Philips healthcare, Virtual imaging, GE healthcare, Fujifilm holdings corporation, Shimadzu corporation and Toshiba corporation.
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