The expected growth for the Portable X-Ray Devices Market in Europe is a healthy CAGR of 14.22% from 2022 to 2027 to reach 2.4 USD billion.
The key drivers for the European Portable X-Ray device market increase in public awareness, the rise in the geriatric population, and the rise in the number of accidents.
There is an increasing adoption rate of digital x-ray systems in the current scenario, and digital x-ray systems will almost completely dominate x-ray machines in the future. While the cost-benefit ratio of a digital x-ray system may not perform well in some European markets, manufacturers are working to lower prices, taking into account users' resistance to switching from analog to digital due to the high cost. Besides, the government of the European region is focusing more on improving sanitation facilities and digital systems to reduce time and dose (radiation exposure). These factors are expected to contribute to the growth of the market during the forecast period. Additionally, the government's increased focus on high-quality diagnostic imaging, combined with manufacturers' efforts to launch a low-cost variant or to secure price reductions for existing digital products, is also driving the growth of digital x-ray systems.
The market lags due to a lack of medical technicians, high cost of portable devices, and stringent FDA regulations. During the historical period, the limited accessibility of portable x-ray machines due to their high prices has proven to be a challenge in the portable x-ray machine market.
This research report on the European Portable X-Ray Devices Market has been segmented and sub-segmented into the following categories:
Europe reached the third largest x-ray system market mark in 2020 due to reimbursement policies, increased awareness of accessible radiology products, beneficial reimbursement policies, increased disease prevalence, respiratory and cardiovascular systems, and the financial stability of purchasing expensive radiology equipment. According to WHO estimates, Europe was the region with the highest number of smokers in 2015 worldwide. X-rays are a form of electromagnetic radiation used to monitor abnormalities in the body, especially the bones. The requirement for point-of-care diagnostics has guided the creation of portable x-ray devices. They are very useful when treatment needs to be completed within a short period of time. The devices can be folded into a small package whenever the need for travel arises and can be connected to the computer in the x-ray lab, and the images can be viewed directly on the monitor. It helps reduce imaging costs by eliminating the use of x-ray films. The images can be sent directly to the physician as an electronic copy. These are some of the key factors attributed to the growth of the European portable x-ray device market.
Notable companies leading the Europe Portable X-Ray Devices Market profiled in this report are Carestream Health, Hitachi Medical Corporation, Siemens Healthcare, Philips Healthcare, Virtual Imaging, GE Healthcare, Fujifilm Holdings Corporation, Shimadzu Corporation, and Toshiba Corporation.
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