Digital Mobile X Ray Devices Market Analysis (2019-2027)

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2. DIGITAL MOBILE X-RAY DEVICES MARKET ANALYSIS (2019-2027) • Digital Mobile X Ray Devices Market, By Product Type (Mobile Devices, Handheld Devices), By Technology (Computed Radiography, Direct Radiography), By Application (Orthopedic Imaging, Chest Imaging, Dental Imaging, Others), By End User (Hospitals, Radiology Centers, Outpatient Clinics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Digital Mobile X-ray Devices Market – Insights • Digital mobile X-ray is a portable medical devices that is used for the visual representation of bone, ligaments, and other interior body parts. It is used in diagnosis of several diseases and conditions such as fractures, bone dislocation, ligament tear, arthritis, post-surgical complications, and surgical intervention. • The global digital mobile X-ray devices market is estimated to account for US$ 2,767.0 Mn in terms of value in 2019 and is expected to reach US$ 4,787.0 Mn by the end of 2027.

4. Global Mobile X-ray Devices Market: Drivers • High incidence of orthopedic diseases and bone injuries is expected to boost growth of the global digital mobile X-ray devices market over the forecast period. For instance, according to the study ‘Osteoarthritis in Europe: Impact on health status, work productivity and use of pharmacotherapies in five European countries’ that examined the impact of peripheral joint osteoarthritis across five European countries, UK (43.6%), France, (25.6%), Germany, (15.2%), Spain, (8.4%), and Italy (7.1%) recorded high prevalence of peripheral joint osteoarthritis, with majority of cases aging 55-74 years. • Moreover, increasing number of orthopedic procedures is also expected to aid in growth of the market. For instance, according to American Academy of Orthopedic Surgeons, by 2030, primary total joint replacement is projected to increase by 171% and primary total knee

5. replacement is projected to increase by up to 189%, for a projected 635,000 and 1.28 million procedures, respectively, in the U.S. • North America region held dominant position in the global digital mobile X-ray devices market in 2018, accounting for 31.8% share in terms of value, followed by Europe.

6. Global Digital Mobile X-ray Devices Market: Restraints • High expanses and stringent regulations associated with the clinical trials is expected to hinder growth of the global digital mobile X-ray devices market. In case of diagnostic imaging equipment, clinical trials ideally should be conducted one year prior to the product launch. However, due to the regulatory restrictions, it has become difficult for the manufacturers to conduct early stage trails and establish partnership with local players. • Moreover, inadequate imaging infrastructure in developing countries is also expected to hamper growth of the market. Currently, several developing nations lack adequate imaging infrastructure useful to conduct test and technology implementation compared to the U.S. and other developed nations. This can be attributed to low investment in diagnostic imaging in emerging economies. Moreover, high cost of initial set up and installation of advanced imaging equipment and broadband technology is also limiting their adoption in emerging economies.

7. Global Digital Mobile X-ray Devices Market: Opportunities  • Increasing geriatric population is expected to lead to high incidence of orthopedic diseases, thereby offering lucrative growth opportunities for players in the global digital mobile X-ray devices market over the forecast period. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015. • Operating digital mobile X-ray devices requires skilled professional. There is low availability of skilled professionals in emerging economies. This issue can be addressed by proper training for operating new imaging devices and computer programs.

8. Mobile devices segment in the global digital mobile X-ray devices market was valued at US$ 2,370.1 Mn in 2018 and is expected to reach US$ 4,343.7 by 2027 at a CAGR of 7.0% during the forecast period.

9. Market Trends/Key Takeaways • Increasing digitalization in the healthcare sector is boosting growth of the global digital mobile X-ray devices market. For instance, in January 2020, Sentara Halifax Regional Hospital (U.S) and its associated medical practices implemented a new digital platform – Sentara eCare— for health care delivery that includes an integrated electronic medical record, patient portal, mobile phone app and registration and billing features. • In emerging economies such as India, several companies offer digital mobile X-ray devices on rent. These companies include KWIPPED Soma Technology, Inc. Chesapeake Medical Systems, and FlexXray.

10. Value Chain Analysis

11. Global Digital Mobile X-ray Devices Market: Competitive Landscape • Major players operating in the global digital mobile X-ray devices market include, Toshiba Corporation, Carestream Health, General Electric Company, Hitachi Ltd., Siemens Healthcare Private Limited, Koninklijke Philips N.V., Shimadzu Corporation, MinXray Inc., Samsung, and KA Imaging.

12. Global Digital Mobile X-ray Devices Market: Key Developments • Major players in the market are focused on adopting various marketing strategies to enhance their market share. For instance, in December 2019, Carestream Health demonstrated new medical imaging technologies that included DRX-Revolution Mobile X-ray System, Focus 35C Detector and Image Suite Software, and a three-dimensional extension of general radiography through digital tomosynthesis (DT) functionality, at the annual meeting of the Radiological Society of North America (RSNA). • Similarly, in December 2019, Samsung showcased ceiling X-ray GC85A and mobile X-ray GM85, which have been granted ATO (Authorization to Operate) for the Risk Management Framework (RMF) program at the annual meeting of the RSNA

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