GE, Philips and Seimens Looking for Significant Expansion in the Asia-Pacific Region for Portable X-ray Devices Market: Mordor Intelligence Report

Feb 16, 2016, 08:52 ET from Mordor Intelligence LLP

HYDERABAD, India, February 16, 2016 /PRNewswire/ --

Mordor Intelligence announces the release of their report "Global Portable X Ray Devices Market - Growth, Trends & Forecasts (2015 - 2020)." The report discusses the current market scenario, its future prospects, forces driving the market as well as those that are restraining the growth of the market, along with the key market players in the industry. It highlights the market geographically in North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.

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For the purposes of the research study, the market is segmented by:

  • Technology: analog X-ray and digital X-ray
  • Applications: dental X-ray, mammography, chest X-ray and abdomen X-ray
  • Type of devices: handheld X-ray devices and mobile X-ray devices

The global portable X-ray devices market, estimated at USD 2.06 billion in 2015, is projected to reach a value of USD 4.1 billion by the end of 2020. The market is anticipated to grow at a CAGR of 14.8% during the forecast period.

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The growing demand for point of care diagnostics has led to the widespread adoption of portable X-ray devices. Portable X-ray devices can be used in military as well as sports and rehab centers. It is intended to help in treatment in a limited time frame. They can be folded into a small package and can be easily transported to remote areas and hard terrains. These devices can be connected to a computer in the X-ray lab to view digitally generated images of interior body and can be transferred across as soft copies.

Various factors such as rise in awareness regarding point care diagnostics, growing geriatric population with mobility issues, huge funding for R&D by both private players and government bodies and increasing focus on preventive care are driving the market towards growth. On the flip-slide, stringent FDA regulations/validation guidelines and high cost of portable X-ray devices are restraining the market from growth.

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The North America takes the top position in global portable X-ray device market and is followed by Europe. The market in Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast period.

Some of the key market players include GE Healthcare, Philips Healthcare, Siemens, Fujifilm, Varian Medical, and Toshiba among many others.

About Mordor Intelligence:

Mordor Intelligence is a global market research and consulting firm. Our singular focus is to provide research insights for business success. Our research team has expertise in diverse fields like Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive. However diverse the expertise maybe, everyone in our team shares one common trait - 'we love data and we love providing solutions to clients using that data'. Seeing your business flourish based on our solutions and strategy is what we love the most.

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SOURCE Mordor Intelligence LLP