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Digital Mobile X-ray Devices Market to reach US$ 3.65 Bn through 2026 – FMI
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The digital mobile X-ray devices market is set to reach $3.65 billion by 2026, driven by orthopaedic and chest imaging applications, with APEJ as the fastest growing region.
Future Market Insights, in its latest research, delivers key insights on the factors impacting the global digital mobile X-ray device market. According to the report, demand for digital mobile X-ray devices will continue to be fuelled by applications in orthopaedic- and chest-imaging. These two end-use applications accounted for 60% revenue share of the market in 2016.
Mobile X-Ray is the largest segment likely to be valued at US$ 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.
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APEJ is the emerging region of the market followed by India and China.
Key Driving Factors
Key Restraints
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By product type, mobile devices will continue to outsell handheld devices. In 2016, of the US$ 7.67 Bn worth of digital X-ray devices sold, 91.5% were mobile devices. However, owing to their small base size, demand for handheld digital mobile X-ray devices will grow at a higher CAGR than mobile devices.
Hospitals and radiology centers will continue to be the leading end-users of digital mobile X-ray devices globally. These two end-users collectively accounted for nearly 70% revenue share of the market in 2016. According to Future Market Insights’ research, these two end-use sectors will continue to account for the bulk of demand for digital mobile X-ray markets during the forecast period.
Region-wise Analysis and Forecast
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Competitive Landscape Analysis
Leading companies in the global digital mobile X-ray devices market are General Electric Healthcare Limited, Siemens AG, Esaote SpA, Hitachi Ltd., Koninklijke Philips N.V, Planmed OY, EOS Imaging, and Toshiba Medical Corporation. These leading companies are eyeing the lucrative APEJ market to capitalise on the growing opportunities.
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The article discusses the growth of the digital mobile X-ray devices market, projected to reach $3.65 billion by 2026.
Key drivers include increased diagnostic imaging services, rising geriatric population, and growing orthopaedic disease incidences.
North America is the largest market, while APEJ is the fastest growing region for digital mobile X-ray devices.
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