Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
The portable x-ray and CT scan devices market is assessed to garner huge revenue by growing at a notable CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to the increasing prevalence of target diseases such as cancer, cardiovascular disorders, tuberculosis and others, growing elderly population worldwide, and the rising demand for home healthcare. On an average, more than 14 million patients visit homecare settings in the United States every year. In addition to these, usage of portable x-ray and CT scan devices is considered to be fairly reasonable as a result of the elimination of storage costs associated with x-ray films and hard copies. This is another crucial factor projected to drive market growth in the coming years.
The market is segmented by product type into x-ray and CT scan devices, out of which the x-ray segment is sub-segmented into mobile and handheld devices. Among these, the segment for handheld x-ray devices is anticipated to hold the largest share in the portable x-ray and CT scan devices market on account of growing application of these equipment in the field of dentistry. Furthermore, x-ray devices, in general, are projected to occupy bigger market share owing to the cost effectiveness of these medical appliances and the ability to emit lower radiations. The global x-ray market is calculated to be valued at more than USD 16 billion by the end of 2025, up from USD 11.4 billion in 2019. Additionally, on the basis of technology, the digital radiography segment is expected to witness significant growth over the forecast period, which can be credited to the faster image acquisition rates, low radiation threats and high mobility of devices in-built with this technology.
Based on geographical analysis, the portable x-ray and CT scan devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America region is estimated to grab a noteworthy share over the forecast period on the back of growing technological advancements to develop handheld x-ray devices with improved efficiency and the rising demand for these devices in hospital and clinic facilities. However, Asia Pacific’s market is evaluated to exhibit the highest CAGR during the forecast period owing to the increasing penetration of computed radiography systems and the rapid growth of geriatric population in the region. According the World Health Organization (WHO), the population of people aged 60 or above will be increased by 20.3% by 2050. Growing emphasis of government to revive medical infrastructure is also projected to boost the expansion of market in this region.CLICK TO DOWNLOAD SAMPLE REPORT
The portable x-ray and CT scan devices market is further classified on the basis of region as follows:
Our in-depth analysis of the portable x-ray and CT scan devices market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Growing prevalence of target diseases of portable x-ray and CT scan devices is a major growth driver for the market.
The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021 – 2029.
High susceptibility of these appliances to security breaches is estimated to hamper the market growth.
Asia Pacific region is estimated to display more business growth opportunities on the back of increasing geriatric populations.
The major players in the market are GENERAL ELECTRIC COMPANY, Hitachi Healthcare Americas, MinXray, Inc., Siemens Healthcare GmbH, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, technology, and by region.
The handheld x-ray devices segment is anticipated to hold largest market size in value and is estimated to grow at a remarkable CAGR over the forecast period and display significant growth opportunities.
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