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Europe Portable X Ray Devices Market - Growth, Trends And Forecasts (2020 - 2025)

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  • 75 Pages
  • March 2020
  • Region: Europe
  • Mordor Intelligence
  • ID: 4997341
The Europe Portable X-Ray Devices market studied was anticipated to grow with a CAGR of 9.86%, during the forecast period. X-Ray is a form of electromagnetic radiation that is used to monitor the abnormalities in the body, especially bones. The need for point of care diagnostics has led to the invention of portable X-Ray devices. They are very useful when the treatment has to be completed in a short duration of time. The devices can be folded in a small package whenever a need for transportation arises and can be attached to the computer in the X-Ray lab and the images can be directly viewed on the monitor.

It helps in the reduction of imaging costs by eliminating the use of X-Ray films. The images can be directly sent to the physician in the form of a soft copy. These are some of the key factors attributing to the growth of the Europe portable X-ray devices market.

Key Market Trends

Digital X-ray Segment is Expected to Hold the Largest Market Share in the Europe Portable X-Ray Devices Market
  • In the present scenario, there is increasing adoption rate of digital x-ray system and the x-ray devices is likely to be almost completely dominated by digital x-ray systems in the future. Although the cost-benefit ratio of a digital x-ray system may not work well in the some European markets, manufacturers are making efforts to bring down the prices, keeping in view the resistance of users to switch from analog to digital, due to high cost. Moreover, the government in the Europe region is increasing their focus on improving the healthcare facilities and digital systems, in order to cut down on the time and dose (exposure to radiation). These factors are expected to contribute to the growth of the market during the forecast period.
  • Furthermore, rise in government focus on high-quality diagnostic imaging, combined with efforts of manufacturers, in order to release a low-cost variant or to ensure price reduction of existing digital products, is also driving the growth of digital x-ray systems.

Competitive Landscape

The Europe portable x-ray devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions across the region. Some of the companies which are currently dominating the market are GE Healthcare, Koninklijke Philips NV, Siemens AG, Canon Medical Systems, and Fujifilm Holdings Corporation.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Geriatric Population and Increasing Prevalence of Vascular Diseases
4.2.2 Advancement in Technology
4.3 Market Restraints
4.3.1 Risk of Radiation Exposure
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Technology
5.1.1 Analog X-Ray
5.1.2 Digital X-ray
5.2 By Application
5.2.1 Dental X-Ray
5.2.2 Mammography
5.2.3 Chest X-Ray
5.2.4 Abdomen X-Ray
5.3 By Modality
5.3.1 Handheld X-Ray Devices
5.3.2 Mobile X-Ray Devices
5.4 By Geography
5.4.1 Europe United Kingdom Germany France Italy Spain Rest of Europe
6.1 Company Profiles
6.1.1 GE Healthcare
6.1.2 Koninklijke Philips NV
6.1.3 Siemens AG
6.1.4 Canon Medical Systems
6.1.5 Fujifilm Holdings Corporation
6.1.6 Shimadzu Corporation
6.1.7 Varian Medical Systems, Inc.
6.1.8 Aribex Inc.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • GE Healthcare
  • Koninklijke Philips NV
  • Siemens AG
  • Canon Medical Systems
  • Fujifilm Holdings Corporation
  • Shimadzu Corporation
  • Varian Medical Systems, Inc.
  • Aribex Inc.