Portland, OR, Jan. 24, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global ambulatory X-ray devices market was estimated at $ 1.7 billion in 2021 and is expected to hit $2.4 billion by 2031, registering a CAGR of 3.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1699.16 Million |
| Market Size in 2031 | $2413.29 Million |
| CAGR | 3.6% |
| No. of Pages in Report | 254 |
| Segments Covered | Type, Application, End User and Region. |
| Drivers | Increase in incidence of chronic disorders |
| Increase in geriatric population | |
| Rise in demand for portable X-ray devices | |
| Restraints | Minor complications associated with X-ray imaging |
| Opportunities | Technological advancement in X-ray devices |
| Growth opportunity in emerging markets |
Impact of Covid-19 on Ambulatory X-ray Devices Market-
- The COVID-19 outbreak had a positive impact on growth of the global ambulatory X-ray device market. Increased demand for X-rays imaging to detect conditions associated with lungs and other respiratory conditions during the infection, this led to the rise in adoption of X-ray imaging for diagnosis of corona virus infection.
- Increased demand for X-ray imaging for COVID-19 patients in intensive care who were not stable enough to undergo a CT scan, also boosted the market.
The global ambulatory X-ray devices market is analyzed across type, application, end-user, and region. The study utilizes tabular and graphical representation to offer a thorough study of the segments and their sub-segments. The segmentation can assist investors and market participants to build strategies based on the top revenue-generating and fastest-growing segments identified by the study.
By type, the standalone segment held the largest share in 2021, garnering more than three-fifth of the global ambulatory X-ray devices market revenue, and is expected to maintain its dominance by 2031. On the other hand, mobile segment is anticipated to showcase the fastest CAGR of 4.1% during the forecast period.
By application, the orthopedic segment contributed to nearly two-fifth of the global ambulatory X-ray devices market share in 2021, and is projected to dominate the market till 2031. Also the same segment, is projected to growth at a fastest CAGR of 4.0% throughout the forecast period.
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By end-user, the hospitals segment accounted for the highest share in 2021, generating around two-fifth of the global ambulatory X-ray devices market revenue. Also hospitals segment would grow at a fastest CAGR of 3.8% during the forecast period.
By region, North America held the major share in 2021, garnering more than two-fifth of the global ambulatory X-ray devices market revenue. Asia-Pacific, simultaneously, would exhibit the fastest CAGR of 4.3% from 2022 to 2031.
The key market players analyzed in the global ambulatory X-ray devices market report include Amrad Medical Equipments, Canon Inc., Carestream Health Inc., FUJIFILM Corporation, General Electric Company, Koninklijke Philips N.V., Oehm und Rehbein GmbH, Siemens AG, Shimadzu Corporation, and Source-Ray, Inc. These market players have embraced several strategies including geographical expansion, acquisition, product approval, product launch, expansion, product upgrade/development, partnership, collaboration, and agreement to highlight their expertise in the market. The report is helpful in formulating the business performance and developments by the top players.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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