DUBLIN--(BUSINESS WIRE)--The "Global Portable X Ray Devices Market - Growth, Trends And Forecasts (2016 - 2021)" report has been added to Research and Markets' offering.
The Global market for Portable X-Ray Devices is valued at USD 2.05 billion for the year 2015 and is projected to reach USD 4.1 billion by the end of 2020 growing at a CAGR of around 14.8% from 2015 to 2020.
X-Ray is a form of electromagnetic radiation which is used to monitor the abnormalities in the body, especially bones. The need of point of care diagnostics has led to the invention of portable X-Ray devices. These devices can be used by military men and on sports field. It is 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 with the computer in the X-Ray lab and the images can be directly viewed on the monitor. The images can be directly sent to the physician in the form of a soft copy.
Increase in the geriatric population with mobility issues, rise in the awareness regarding portable devices, huge funding for R&D of portable technologies by private players and government bodies and increasing focus on preventive care are some of the factors enhancing the growth of the market. The portable devices help in the reduction of imaging costs by eliminating the use of x-ray films. On other hand, stringent FDA regulations and validating guidelines and high cost of portable x-ray devices are hindering the growth of the market.
Many players in this market are trying to expand their product portfolio in order to top the global market. While few companies are entering into the market by acquisitions, top companies are expanding their growth in this market by acquiring other companies. Few companies adopted product innovation and new product launches as its key business strategy to ensure its dominance in this market. The Key players of this market are GE Healthcare, Philips Healthcare, Siemens, Fujifilm, Varian Medical, Toshiba, Shimadzu and Minxray
- GE Healthcare
- Philips Healthcare
- Varian Medical
- Shimadzu and Minxray
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