Digital Mobile X-Ray Devices Market To Garner US$ 4,787.0 Million By 2027 | CAGR: 7.0%: Coherent Market Insights
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Mobile X-ray devices are referred to trolley mounted imaging devices that can be shifted from one place to another. These devices adopt two technologies such as computed radiography and direct radiography. The mobile X-ray devices covered in this report include only digital mobile devices. Retrofit and refurbished devices are excluded from the scope of the report.
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The global digital mobile X-ray devices market is estimated to be valued at US$ 2,767.0 Mn in 2019 and is expected to reach US$ 4,787.0 Mn by the end of 2027.
Global Digital Mobile X-ray Devices Market: Drivers
The growth of the market is attributed to increasing demand for portable imaging devices. Digital mobile X-ray devices are portable that aids in avoiding transports and extra movements of patients. These devices further reduces the number of visits required to the radiology department for chest, skeletal, and abdominal X-ray examinations, which might cause discomfort among patients with severe health conditions. Radiograph examinations using mobile imaging equipment also offer less processing speed and eliminate long wait-times. Such benefits offered by digital mobile X-ray devices are expected to drive growth of the market over the forecast period.
Global Digital Mobile X-ray Devices Market: Opportunities
Presently, the global digital mobile X-ray devices market is facing intense competition from re-manufactured and low cost equipment manufacturers in emerging economies. The rising price-sensitivity in the healthcare has created an opportunity for new low scale equipment to replace with new advanced devices. Similarly, China-made low-cost medical devices have put downward price pressure. Thus, rising adoption of low-cost and low-end imaging devices is limiting access to advanced imaging platforms.
Global Digital Mobile X-ray Devices Market: Restraints
However, increasing pressure on healthcare budget in the U.S. is expected to hamper growth of the global digital mobile X-ray devices market over the forecast period. The U.S. has witnessed rapid increase in the use of advanced medical imaging technology in the recent past. Therefore, medical imaging systems have emerged as the highest contributor to the healthcare expenditure in the U.S. This has led to certain reductions in Medicare payments. These factors are expected to restrain growth of the market over the forecast period.
Among product type, mobile devices segment in the global digital mobile X-ray devices market was valued at US$ 2,370.1 Mn in 2018 and is expected to reach US$ 4,343.7 by 2027 exhibiting a CAGR of 7.0% during the forecast period. This is attributed to advantages offered by mobile x-ray devices such as ease of use, and they can be taken patient’s bedside. Moreover, manufacturers such as GE Healthcare, Medtronic, and others offer advanced mobile x-ray devices in the market.
Among application, orthopaedic imaging segment held a dominant position in the global digital mobile X-ray devices market in 2018, accounting for 38.2% market share in terms of value, followed by chest imaging and dental imaging segments, respectively. The segment growth is attributed to rising prevalence of fractures and orthopedic disorders globally and x-rays are majorly used to trace such fractures or disorders in bones. For instance, according to World Health Organization (WHO), 2017, around 37.3 million falls occur every year, it may lead to fracture or bone injuries.
Among end user, hospitals segment held a dominant position in the global digital mobile X-ray devices market in 2018, accounting for 31.8% market share in terms of value, followed by radiology centers and outpatient clinics segments, respectively. Patients often visit hospitals as a first priority for any medical care they need. Hospitals are well equipped with necessary medical equipment such as x-ray devices, and others to cater to medical needs of the patients. These factors are expected to drive growth of the segment over the forecast period.
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The market is also witnessing integration of Artificial Intelligence (AI) in digital mobile X-ray devices. AI algorithms can be used to detect various modalities and can reduce the time required for diagnosis. In the U.S., hospitals are adopting digital mobile X-ray devices. For instance, in January 2018, Hawarden Regional Healthcare, MercyOne Primghar Medical Center, and Osceola Community Hospital in Sibley each received grant funds from The Leona M. and Harry B. Helmsley Charitable Trust’s Rural Healthcare Program for purchasing Shimadzu MX8 digital mobile X-ray system and a fixed Shimadzu RADspeed Pro digital X-ray machine.
Global Digital Mobile X-ray Devices Market: Competitive Landscape
Key players operating in the global digital mobile X-ray devices market include Toshiba Corporation, Carestream Health, General Electric Company, Hitachi Ltd., Siemens Healthcare Private Limited, Koninklijke Philips N.V., Shimadzu Corporation, MinXray Inc., Samsung, and KA Imaging.
Global Digital Mobile X-ray Devices Market: Key Developments
- November 2019: Canada-based KA Imaging launched Reveal, a portable digital X-ray detector capable of separating different energy levels
- September 2019: The U.S. Food and Drug Administration gave clearance to Critical Care Suite, a platform on a mobile X-ray device developed in partnership with UC San Francisco and GE Healthcare’s Edison AI technology
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- By Product Type
- Mobile Devices
- Handheld Devices
- By Technology
- Computed Radiography
- Direct Radiography
- By Application
- Orthopaedic Imaging
- Chest Imaging
- Dental Imaging
- By End User
- Radiology Centers
- Outpatient Clinics
- By Region
- North America
- Latin America
- Asia Pacific
- Middle East
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