(PharmaNewsWire.Com, September 07, 2021 ) Digital Mobile X Ray Market size is estimated to reach $1,700 million by 2026, growing at a CAGR of 7% during 2021-2026. Mobile X-ray devices are imaging devices that can be shifted from one place to another and are referred to trolley mounted imaging devices. Mobile X-ray systems are lightweight and adaptable, with computed radiography and direct radiography as options. These instruments have a number of advantages in terms of obtaining information about the internal mechanisms of a patient's body, which can be useful in a variety of abnormal conditions and disorders. X-ray is a kind of electromagnetic radiation that are used to take images from inside the human body. Increasing cases of orthopedic diseases and growing innovation in technology are the major factors driving the growth of this market. Furthermore, increasing research and development activities in medical industry and increasing initiatives by the government for the development in healthcare sector is set to further enhance the overall market demand for Digital Mobile X Ray Market for the period 2021-2026.
Digital Mobile X Ray Segment Analysis – By Product
The global Digital Mobile X Ray Market based on Product can be further segmented into Mobile X-Ray, and Hand-Held X-Ray. The Mobile X-Ray segment is the major segment generating revenue in 2020. This is mainly owing to increasing advantages offered by mobile x-ray devices such as ease of use and can be taken patient’s bedside. Moreover, manufacturers such as GE Healthcare, Medtronic, and others offer advanced mobile x-ray devices that increases the growth of this market. The Hand-Held X-Ray segment is estimated to register the fastest CAGR of 2% for the period 2021-2026. This is mainly owing to equipment that is portable and has the ability to avoid transports and extra movements of patients increasing the demand of digital mobile x-ray and rising the growth of the market.
Digital Mobile X Ray Segment Analysis – By End-Use Industry
The global Digital Mobile X Ray Market based on End-Use Industry can be further segmented into Hospitals, Diagnostics Centers, and Others. The Hospital segment registers for the highest Digital Mobile X Ray market share in 2020. This is owing to hospitals equipped with necessary medical equipment such as x-ray devices, and others to cater to medical needs of the patients and increasing skilled professional in hospital. Moreover, increasing number of hospitals providing electromagnetic radiation increases the growth of this market. The Diagnostics Centers segment is estimated to register the fastest CAGR of 1.5% over 2021-2026. This is mainly owing to rising research and development and increasing number of diagnostic centers having directed radiography and availability of advanced instruments are increasing the growth of this market.
Digital Mobile X Ray Segment Analysis – By Geography
North America dominated the Digital Mobile X Ray Market with major share of 40% in 2020. This is owing to increasing adoption of healthcare systems towards sophisticated technology and the growing burden of chronic diseases. According to Center for Disease Control and Prevention (CDC), more than 1.7 million people are suffering from chronic disease that increases the demand of digital mobile x-ray and are rising the growth of this market. However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.5% during the forecast period 2021-2026 owing to increasing geriatric population and increasing development in healthcare.
The increasing cases of orthopedic disease, cancer and various chronic diseases are increasing the growth of the Digital Mobile X Ray Market. According to Center for Disease Control and Prevention, in 2020 about 1 in 4 adults have arthritis that are increased by 49%, thereby increasing the growth of the Digital Mobile X Ray Market over 2021-2026.
Growing Technological Advancement
Increasing demand of portable imaging devices and rising innovation in technology increases the growth of this Market. Furthermore, various devices such as computed radiography and direct radiography help to minimize the number of visits to the radiology department for chest, skeletal, and abdominal X-ray exams, boosting the growth of the Digital Mobile X Ray Market between 2021 and 2026.
Covid-19 Impact:
COVID-19 pandemic had greatly affected the Digital Mobile X Ray Market. During pandemic, digital imaging plays a key role in the diagnosis of COVID-19 and indicates the affected lung tissue in infected patients that increases the need of mobile x-ray devices and are positively impacted the growth of this market.
Digital Mobile X Ray Market Challenges
High Cost of X-Ray Systems
The factors that is set to impede the growth of the Digital Mobile X Ray Market are the high cost of x-ray systems. Moreover, increasing pressure on healthcare budget is set to create hurdles for the Digital Mobile X Ray Market.
Digital Mobile X Ray Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Digital Mobile X Ray Market. Digital Mobile X Ray top 10 companies include, GE Healthcare, Koninklijke Philips NV, Fujifilm Holdings Corporation, Siemens Healthineers, Canon Medical System Corporation(Toshiba Corporation), Shimadzu, Hitachi, Hologic, Konica Minolta, Carestream Health and Agfa-Gevae.
Developments
In November 2020, Siemens Healthineers launched MULTIX Impact C, ceiling-mounted digital radiography (DR) system. The company also launched MULTIX Impact VA20, a new version of the established floor-mounted parent DR system.
In October 2020, Siemens Healthineers received clearance from the FDA for the Ysio Max digital radiography system which includes new detectors and usability features that improve imaging and quicken exams.
Key Takeaways
Geographically, in 2020, North America dominated the Digital Mobile X Ray Market owing to increasing adoption of healthcare systems towards sophisticated technology and the growing burden of chronic diseases.
Increasing cases of orthopedic diseases and growing technological advancement are likely to aid in the market growth of the Digital Mobile X Ray.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Digital Mobile X Ray Market report.
High cost of X-ray systems is set to create hurdles for the Digital Mobile X Ray Market.
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