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Digital Mobile X-Ray Devices Market

Digital Mobile X-Ray Devices Market By Product (Mobile X-Ray, Hand-Held X-Ray Device), Technology (Computed Radiography, Direct Radiography), Application (Orthopaedic Imaging, Chest Imaging, Dental Imaging), End-User (Hospital, Radiology Centres, Outpatient Clinics) & Region - Forecast to 2016 - 2026

Digital Mobile X-Ray Devices Market By Product (Mobile X-Ray, Hand-Held X-Ray Device), Technology (Computed Radiography, Direct Radiography), Application (Orthopaedic Imaging, Chest Imaging, Dental Imaging), End-User (Hospital, Radiology Centres, Outpatient Clinics) & Region - Forecast to 2016 - 2026

Digital Mobile X-Ray Devices Market - Analysis, Outlook, Growth, Trends, Forecasts

Digital Mobile X-Ray Devices Market Overview

[176 Pages Report] The digital mobile x-ray devices market is likely to grow at a CAGR of 7.1% through 2026.

Attribute

Details

Estimated Market Size of Digital Mobile X-Ray Devices Market in 2021

US$ XYZ

Projected Market Size of Digital Mobile X-Ray Devices Market in 2026

US$ XYZ

CAGR during 2021-2026

7.1%

Mobile X-Ray is the largest segment likely to be valued at US$ 2.6 Bn in 2021, expanding at a CAGR of 7%, reaching US$ 3.65 Bn through 2026.

The Digital mobile X-Ray devices segment's revenue is predicted to expand 2.0x with an attractiveness score of 1.8, through 2026.

Through 2026 digital mobile X-ray machines will continue to dominate in hospitals and radiology centres across the world, collectively accounts for 70% of the market's revenue share.

APEJ is the emerging region of the market followed by India and China.

Stringent regulations, costly clinical trials and inadequate imaging infrastructure in developing economies likely to hinder the growth of the Mobile X-Ray segment

The high cost associated with the clinical trial process has been preventing mobile X-Ray device manufacturers to reach the stage of development, which is necessary to attract major original equipment manufacturers. In the case of diagnostic imaging equipment, clinical trials ideally should be conducted one year prior to the product launch.

However, due to the regulatory restrictions, it has become difficult for manufacturers to conduct early stage trials and establish partnerships with local players. For instance, GE Healthcare used to conduct many clinical trials in Canada and had to shut many of its local operations due to the stringent government regulations. Stringent regulatory and product approval policies are expected to hinder the development of the Mobile X-Ray segment.

Inadequate imaging infrastructure in developing and underdeveloped economies is likely to create obstacles in the growth of the Mobile X-Ray segment. Currently, many of the developing and underdeveloped nations lack adequate imaging infrastructure useful to conduct test and technology implementation compared to the U.S and other developed nations. Developed nations have seen greater investments in diagnostic imaging and increased use of more advanced imaging techniques.

However, the scenario is the contrast in some of the developing and underdeveloped economies. These economies lack widespread access to diagnostic imaging. In addition, high costs involved in the initial setup and installation of advanced imaging equipment and broadband technology in remote locations is one of the factors that could hamper the growth of the Mobile X-Ray segment.

The usage of medical imaging in the U.S. has increased dramatically over the last decade. Usage of diagnostic imaging devices has been the highest in the U.S. as compared to all OECD member nations. This has led to medical imaging emerging as the highest contributor to U.S. health care expenditure. As a result, certain reductions in Medicare payments have been observed in the last decade. Awareness of the superfluous usage of medical imaging has grown among physicians, and patients are increasingly becoming aware of the radiation hazards.

Overall, the effect of these factors has been evident on the Mobile X-Ray device segment in the U.S. and thus, growth in the region has declined. Moreover, the U.S. is the trendsetter in major parts of the market, hence this effect could also trickle down to the other major markets.

The Mobile X-Ray segment is predicted to be the most attractive segment across the globe

In the MEA digital mobile X-Ray devices market, the Mobile X-Ray segment is forecast to be the most attractive segment by product type, recording an attractiveness index of 1.8 over the forecast period. In the Western Europe digital mobile X-Ray devices market, the Mobile X-Ray product type segment is expected to perform well during the period of assessment.

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Key segments covered in this report

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

By Product

  • Mobile X-Ray
  • Hand-Held X-Ray Device

By Technology

  • Computed Radiography
  • Direct Radiography

By Application

  • Orthopaedic Imaging
  • Chest Imaging
  • Dental Imaging
  • Others

By End-User

  • Hospital
  • Radiology Centres
  • Outpatient Clinics
  • Other End Users

Key Questions Answered in the Report

What is the outlook of the digital mobile x-ray devices market?

The digital mobile x-ray devices market is likely to grow at a CAGR of 7.1% through 2026.
Some of the leading companies are Siemens AG, Esaote SpA, Hitachi Ltd., Koninklijke Philips N.V

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