The Europe Portable X-ray Device Market size was valued at USD 1.98 Billion in 2022 and is expected to surpass USD 4.22 Billion by 2031, expanding at a CAGR of 8.78% during the forecast period, 2023 – 2031. The growth of market is owing to the costs incurred on x-ray films for creating images and images can be sent directly to the technician in the form of soft copy resulting in reducing time and increasing efficiency.
X-ray machines are primarily used for taking pictures of inside body and later used for diagnostics and therapeutic purpose for humans, the market is anticipated to witness astonished growth in the coming years owing to the factors such as growing number of chronic diseases, rising health concern, veterinary disorder, and product launches.
The merits of x-ray system plays a significant part in the adoption process of the technology due to speed and accuracy along with instant processing time allowing maximum number of patients to be screened in a span of time.
The COVID-19 outbreak has adversely affected the economy in 2020 globally posing threats and challenges healthcare worker and patients, strict lockdown imposed by the government across the globe, delay in shipment of products and services, and new protocols and lockdown rules imposed by the nations impacting the manufacturing and supply chain segment heavily.
Europe Portable X-ray Device Market Trends, Drivers, Restraints, and Opportunities
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Increasing use of x-ray system as an alternative approach at the time of pandemic is estimated to boost the market during the forecast period.
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Convenience in carrying and easy transportability when the need arises resulting in reducing time and increasing efficiency is estimated to drive the market.
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Increasing geriatric population, investment initiatives and favorable government policies is anticipated to fuel the market during the projected period.
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Eliminating the use of x-ray films and reduction in imaging cost is expected to drive the market.
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Increasing efficiency and reducing time by directly sending the image to the physician is anticipated to propel the market during the forecast period.
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High risk involved while exposed to radiation act as one of the factor that can hinder the market growth.
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High installation and maintenance cost involved in x-ray machines possess a challenge that can hamper the market during the forecast period.
Scope of Europe Portable X-ray Device Market
The report on the Europe portable x-ray devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Portable X-ray Device Market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Technology (Digital X-ray and Analog X-ray), Applications (Mammography, Dental X-ray, Chest X-ray, and Abdomen X-ray), Modality (Mobile X-ray Devices and Handheld X-ray Devices)
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Geographical Scope
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Italy, France, Spain, Germany, United Kingdom, Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Fujifilm Holdings Corporations; Siemens AG; Canon Medical System; GE healthcare; Koninklijke Philips NV.
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Europe Portable X-ray Device Market Segment Insights
The digital x-ray segment is expected to hold a major share of the market
Based on the technology, the market is bifurcated into digital x-ray and analog x-ray. The digital x-ray segment is expected to hold a major share of the market during the forecast period owing to the initiative by the legal authorities of the region towards improved healthcare facilities and digital system in order to reduce time and exposed to radiation also vendors provide product at low-cost variants in reduced price for the digital product.
The mammography segment is estimated to exhibit high CAGR
In the term of applications, the market is fragmented into mammography, dental x-ray, chest x-ray, and abdomen x-ray. The mammography segment is estimated to exhibit high CAGR in the coming years due to increasing emergence of numerous target diseases, demand for high accuracy early diagnosis, advancement in technology, and diagnostic imaging in x-ray system.
The mobile x-ray segment is anticipated to hold key share of the market
On the basis of modality, the market is segregated into mobile x-ray devices and handheld x-ray devices. The mobile x-ray segment is anticipated to hold key share of the market during the projected period owing to elimination of numerous radiology departments in a healthcare facilities. On the other hand the handheld x-ray segment is expected to grow at a rapid pace owing to several efficient products launch such as NOMAD pro.
Segments
Europe portable x-ray device market has been segmented on the basis of
Technology
- Digital X-ray
- Analog X-ray
Applications
- Mammography
- Dental X-ray
- Chest X-ray
- Abdomen X-ray
Modality
- Mobile X-ray Devices
- Handheld X-ray Devices
Geographies
- Italy
- France
- Spain
- Germany
- United Kingdom
- Rest of Europe
Key Players
Competitive Landscape
Key players competing in Europe portable x-ray device market include Fujifilm Holdings Corporations; Siemens AG; Canon Medical System; GE healthcare; Koninklijke Philips NV.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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