Asia Pacific Hospital Mobile X-ray Market is expected to reach US$ 723.4 million by 2027

Computed Radiography Segment has the Largest Share of Technology in the Asia Pacific Hospital Mobile X-ray Market during 2020–2027

According to The Insight Partners market research study on “Asia Pacific Hospital Mobile X-ray Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Configuration, and Ward,” is expected to reach US$ 723.4 million by 2027 from US$ 322.5 million in 2019. The market is estimated to grow at a CAGR of 10.7% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific Hospital mobile x-ray market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the increasing awareness about early diagnosis and increasing prevalence of chronic conditions and better patient experience are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the poor reimbursement for diagnostic equipment.

COVID-19 outbreak is expected to have short- and long-term impact in the region. Domestic startups backed by international funding have already started witnessing back out from investors putting the development of the products in jeopardy. However, academic centers and research institutes in the region are engaged in leveraging the existing capabilities of diagnostic systems to fight against viral outbreaks such as COVID-19. Moreover, majority of the governments in the region are investing heavy amounts for development of modern imaging systems. For instance, in April 2020, China-based AI firm iFlytek announced entered in strategic collaboration with Chinese Academy of Sciences to work on AI-based COVID-19 diagnosis. In this research, the partnership is focusing on development CT scanners which will incorporate intelligent algorithms for detection of viral infection. In addition, the companies are engaged in the development of advanced X-ray machines to deal with coronavirus. For instance, in July 2020, Bengaluru (India) based company ITIE Knowledge Solutions introduced a portable digital X-ray machine for the diagnosis of coronavirus. The company has designed this new system in collaboration with HDT, a South Korea based company. This newly designed system incorporates artificial intelligence technology and allows physicians to understand and diagnose coronavirus infection. These factors are expected to have positive impact on the market by certain extent.

The market for hospital mobile x-ray market is segmented into technology, configuration, and ward. Based on technology, the hospital mobile X-ray market is segmented into computed radiography and direct radiography. In 2019, the computed radiography systems segment accounted for the highest share of the market. Growth of this segment is attributed to increasing adoption rate of these advanced devices for medical examinations and rising number of advanced diagnostic imaging facilities. However, direct radiography segment is anticipated to register higher CAGR by 2027.

Agfa-Gevaert Group, SEDECAL, Koninklijke Philips N.V., DMS Imaging, Carestream Health Inc., IMD Group, DELFT IMAGING, and OR Technology are among the leading companies in the Asia Pacific hospital mobile x-ray market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in April 2020, Carestream Health Inc. had increased its production of mobile imaging systems during the COVID19 pandemic to complete mobile X-ray systems' increasing dement.

The report segments the Asia Pacific Hospital Mobile X-ray market as follows:

By Technology

• Computed Radiography
• Direct Radiography

By Configuration

• Fixed Arm
• Rotating Arm

By Ward

• Operating Theatres
• Emergency Departments
• ICU and Neonatal ICU (Intensive Care Units)
• Central X-Ray Departments
• Premature Birth Wards
• Others

By Country

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific