Market Size of Europe Portable X-ray Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.34 Billion |
Market Size (2029) | USD 3.57 Billion |
CAGR (2024 - 2029) | 8.78 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Portable X-ray Devices Market Analysis
The Europe Portable X-ray Devices Market size is estimated at USD 2.34 billion in 2024, and is expected to reach USD 3.57 billion by 2029, growing at a CAGR of 8.78% during the forecast period (2024-2029).
The COVID-19 pandemic affected healthcare systems in Europe and resulted in the interruption of usual care in many healthcare facilities. The pandemic posed several difficulties for medical device manufacturers and supply chains during the very initial phase of the pandemic. But with the increasing cases of COVID-19 infection, the demand for X-ray devices increased, especially for chest X-ray devices. An article published in JMRS in February 2022 stated that the utilization of chest X-rays increased during the pandemic due to increased cases of co-infection among the target population. Thus, the increased risk of heart disease among COVID-19 patients and the exponentially high number of COVID-19 in Europe increased the demand for portable X-ray devices. Hence, the pandemic considerably impacted the market studied.
Factors such as the growing geriatric population, the increasing prevalence of vascular diseases, and advancements in technology are major contributors to the growth of the market studied.
Aging is associated with most illnesses, such as hypertension, diabetes, cardiovascular diseases (CVDs), and other orthopedic ailments. Most of these are chronic diseases that require proper treatment and diagnosis. Thus, with the increase in the geriatric population, the demand for X-ray devices is increasing. The incidence of the older population aged 65 years and older was 17.78, 12.24, 13.76, and 13.16 (in millions) in Germany, the United Kingdom, Italy, and France, respectively, as per the data updated by the PRB organization in 2022. Such numbers show a high burden on the geriatric population in Europe. As portable X-rays provide better results than most conventional X-rays without moving the patients from one place to another, the demand for such devices has been increasing recently. This is expected to contribute to the growth of the market studied over the forecast period.
Moreover, technological advancements and recent developments in the market are anticipated to drive the growth of the market. For instance, in May 2021, Fujifilm revealed the results of Europe's first real-world trial of the FDR Xair portable X-ray system in community care. The trial was conducted in collaboration with the Fujifilm United Kingdom, Northumbria Healthcare, the National Health Services (NHS) Foundation Trust, and the Northeast Ambulance Service NHS Foundation Trust and significantly reduced hospitalizations. Such advancements are contributing to market growth.
Therefore, due to the above-mentioned factors, the market studied is expected to grow significantly during the study period. However, the risk of radiation exposure associated with the procedures is expected to restrain the market growth over the forecast period.
Europe Portable X-ray Devices Industry Segmentation
A portable X-ray device is a wireless digital X-ray imaging device for mobile health providers, such as doctors and first-aid workers in field situations, during home care, in nursing homes, and for medically oriented aid organizations, ships, and offshore platforms. X-rays are a form of electromagnetic radiation with high energy and a very short wavelength, which can pass through materials and solid objects, including the body.
The European portable X-ray devices market is segmented by technology (analog X-ray and digital X-ray), application (dental X-ray, mammography, chest X-ray, and abdomen X-ray), modality (handheld X-ray devices and mobile X-ray devices), and geography (Germany, United Kingdom, France, Italy, Spain and Rest of Europe). The report offers values in USD million for the abovementioned segments.
By Technology | |
Analog X-ray | |
Digital X-ray |
By Application | |
Dental X-ray | |
Mammography | |
Chest X-ray | |
Abdomen X-ray |
By Modality | |
Handheld X-ray Devices | |
Mobile X-ray Devices |
Geography | |
Germany | |
United Kingdom | |
France | |
Italy | |
Spain | |
Rest of Europe |
Europe Portable X-ray Devices Market Size Summary
The European portable X-ray devices market is poised for significant growth, driven by factors such as the increasing geriatric population, the rising prevalence of vascular diseases, and technological advancements. The demand for portable X-ray devices has surged, particularly during the COVID-19 pandemic, which highlighted the need for efficient diagnostic tools like chest X-rays. These devices offer the advantage of providing high-quality imaging without the need to move patients, making them particularly valuable in managing chronic conditions prevalent among the elderly. The market is further bolstered by innovations in digital X-ray technology, which reduces radiation exposure and enhances diagnostic capabilities. Investments in digital radiography are on the rise, with governments and private entities across Europe focusing on upgrading medical facilities to incorporate these advanced systems.
Germany stands out as a key market within Europe, driven by a robust medical device manufacturing sector and a high incidence of chronic diseases necessitating frequent diagnostic procedures. The country's focus on digital radiography, supported by strategic partnerships and investments in healthcare infrastructure, is expected to propel the demand for portable X-ray devices. Major players in the market, such as GE Healthcare, Siemens Healthineers, and Fujifilm Corporation, are actively engaging in strategic initiatives like acquisitions and partnerships to strengthen their market presence. These developments, coupled with the ongoing demand for efficient and safe diagnostic solutions, are anticipated to sustain the growth trajectory of the portable X-ray devices market in Europe over the forecast period.
Europe Portable X-ray Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Geriatric Population and Increasing Prevalence of Vascular Diseases
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1.2.2 Advancement in Technology
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1.3 Market Restraints
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1.3.1 Risk of Radiation Exposure
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value in USD million)
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2.1 By Technology
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2.1.1 Analog X-ray
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2.1.2 Digital X-ray
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2.2 By Application
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2.2.1 Dental X-ray
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2.2.2 Mammography
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2.2.3 Chest X-ray
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2.2.4 Abdomen X-ray
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2.3 By Modality
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2.3.1 Handheld X-ray Devices
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2.3.2 Mobile X-ray Devices
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2.4 Geography
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 France
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2.4.4 Italy
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2.4.5 Spain
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2.4.6 Rest of Europe
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Europe Portable X-ray Devices Market Size FAQs
How big is the Europe Portable X-ray Devices Market?
The Europe Portable X-ray Devices Market size is expected to reach USD 2.34 billion in 2024 and grow at a CAGR of 8.78% to reach USD 3.57 billion by 2029.
What is the current Europe Portable X-ray Devices Market size?
In 2024, the Europe Portable X-ray Devices Market size is expected to reach USD 2.34 billion.