Global Ambulatory X-Ray Devices Market is expected to reach USD 2,670.2 million by 2024 from USD 1,421.4 million in 2016, at a CAGR of 8.2% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
By Product Type (Stand Alone X-ray Devices (Digital Radiography X-ray, Computed Radiography X-ray, Retrofit X-ray), Mobile X-ray Devices (Digital Radiography X-ray, Computed Radiography X-ray, Retrofit X-ray), Digital Peripheral X-ray Devices), By End User (Orthopedic Clinics, Standalone Diagnostic Centers, Ambulatory Centers, Offices and Corporate Settings), By Distribution Channel (Direct Tenders, Distributor and Retail), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
The major factors driving the growth of this market are the rapidly growing geriatric population, high incidence and prevalence of target diseases. Technological advancements, new product launches and advantages of digital x-ray systems are some of the other factors which boost the market growth.
RAPIDLY INCREASING AGING POPULATION AND HIGH PREVALENCE OF TARGET DISEASES
Population ageing is seen to be taking place worldwide in all the countries. As the number of older adults is increasing, the demand on public health systems, medical and social services is also increasing. There has also been gradual demographic transition from patterns of high fertility and mortality to low fertility and delayed mortality rates. As a result of such demographic transitions, the shape of global age distribution is changing. According to An article published by National Institutes of Health, approximately 617.0 million people which is 8.5% of the population worldwide are aged 65 or more, by 2050 the aged population is expected to increase by 17.0% to reach 1.6 billion.
As older population are at high risk for developing various chronic diseases and related disabilities including bone and joint disorders, cardiac diseases, dental disorders etc. this causes demand for ambulatory X-ray devices to diagnose diseases. The increasing prevalence of target diseases is leading to rise in the demand for ambulatory X-ray devices.
TECHNOLOGICAL ADVANCEMENTS AND NEW PRODUCT LAUNCHES
With the increase in various diseases including bone & joint disorders, dental diseases etc. it has become vital for companies to manufacture smart and advanced technological products, which offer accurate and proper care to patients and their health. A majority of companies operating in this market are involved in the research and development to manufacture and launch new products that can effectively cater to the needs of patients and enable effective treatment. This is anticipated to generate growth opportunities for ambulatory X-ray devices market. The market is witnessing a growing use of portable digital X-ray systems owing to its advantages such as low weight, easy mobility, and easy operability. In addition, handheld systems are increasingly being used in ambulatory care centers.
Below are some technologically advanced new products, launched by various companies:
ADVANTAGES OF DIGITAL X-RAY SYSTEMS
Digital radiography provides many advantages over conventional X-ray systems including high quality of care, enhanced of X-ray images, quality of X-ray images, quick image sharing facility and user friendly than conventional radiology systems. No chemicals or film processing are required for digital radiography systems which makes digital X-ray more environmentally-friendly option. This also eliminates the recurring cost of processing chemicals and film as well as frees up the time and money involved in disposing of them after they are used. These types of devices can be used to store images using both on-site and off-site PACS, thus making it more useful.
Integrated digital X-ray systems have a great advantage with technologist workflow and patient throughput, particularly for ambulatory care center imaging systems. This is mainly due to the rapid display of the acquired image quickly after the exposure. Recently, wired or wireless, portable digital X-ray systems are also trending on the domain in many instances, which is fueling the growth of ambulatory X-ray devices market in future.