Ambulatory X-Ray Devices Market Expected to Reach $2.4 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Ambulatory X-Ray Devices Market," The ambulatory x-ray devices market was valued at $1.7 billion in 2021, and is estimated to reach $2.4 billion by 2031, growing at a CAGR of 3.6% from 2022 to 2031.

Ambulatory X-ray devices are the systems used for diagnosis of various disease in humans in ambulatory care centers such as ambulatory surgery centers, medical offices and clinics, hospital outpatient departments, and other centers. These ambulatory care centers offer diagnosis of various disorders including X-ray imaging techniques and others. X-ray devices produce different intensity radiations which when passes through an object or a human or animal body, generates an image of the object on the film. This assists the healthcare professional to decide the treatment regime for the patient. This technology has proven to be very effective in generating images of the internal organs such as lungs, heart, bones and others thereby diagnosing any abnormality associated with the organ.

High power and low power X-ray machines can be used depending on the size and nature of the object to be imaged. The high-power settings are used when large objects or bodies are to be imaged or when the X-rays are far away than the body. Conversely, X-ray machines with low power settings are used when small objects are imaged which are close to the machine. Hence, there is a rise in its adoption in the healthcare field, owing to the wide application of ambulatory X-ray devices. 

Furthermore, various factors that are driving the growth of the ambulatory X-ray devices market are increasing in prevalence of chronic conditions, technological advances in the field of diagnosis and rising awareness about early diagnosis of chronic conditions in population. Moreover, there has been a huge advancement in healthcare sector, owing to increase in research activities carried out by the scientist and researchers in the field of X-ray diagnostics.  

Also, the key market players in medical device industries are upgrading the existing X-ray imaging product portfolio with some new innovations, which makes the diagnosis of conditions easier and comfortable. There is a constant development of advanced technologies to enhance image quality is due to the availability of a large number of players operating in the market. Also, latest imaging techniques are developed with enhancements in image quality, dose reduction techniques, and productivity in a workflow. Thus, this propels the growth of the ambulatory X-ray devices market forecast. 

In addition, increase in demand for portable X-ray devices is the upcoming ambulatory X-Ray devices market trends. The portable X-ray devices offer various advantages such as easy to store and transport from one place to other, less expensive than full-sized fixed X-ray equipment, and are safe to use on the patients and also for the staff. Moreover, there was a huge demand for portable X-ray devices during the COVID-19 pandemic, for providing care to a large patient population in various facilities for chest X-ray imaging, for detection of COVID-19. Thus, this boosts the growth of the ambulatory X-ray devices market. The ambulatory X-Ray devices market analysis is segmented by type, application, end user and region.

On the basis of type, the market is bifurcated into standalone and mobile. The standalone segment dominated ambulatory X-Ray devices market size in terms of revenue in 2021, owing to the increase in prevalence of chronic conditions, increase in awareness regarding technological advances in the field of diagnostics and increasing innovations in radiography. On the other hand, mobile segment is anticipated to grow at the fastest rate during the forecast period, due to greater mobility and ease of handling, and its usefulness in busy medical facilities where space is an issue. 

On the basis of application, the market is classified into orthopedic, cancer, dental, cardiovascular and other applications. The orthopedic segment dominated the ambulatory X-Ray devices market size in 2021, and is anticipated to grow at a highest CAGR during the forecast period, which was attributed to increased prevalence of orthopedic conditions such as arthritis and osteoporosis and subsequent increase in road accidents and sports injuries as well. 

On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers, and others (clinics, urgent care centers). The hospitals segment dominated the ambulatory X-Ray devices market share in 2021, and is anticipated to be the fastest growing segment during the forecast period owing to increase in number of outpatients visit to the hospitals treatment of various conditions such as orthopedic conditions, cancer and others. Also, the rise in segment revenue was attributed to the well-established services and facilities offered by hospitals, along with special attention to the patients.  

Region wise, North America ambulatory X-Ray devices market share in 2021, owing to its well-developed healthcare infrastructure, rise in awareness among people about advanced diagnostic procedures and government support for quality healthcare. Whereas, Asia-Pacific is expected to witness highest growth during the forecast period, owing to factors such as rise in investments in manufacturing of high-quality X-ray imaging devices, availability of raw materials for manufacturing of X-ray devices and increasing awareness about early detection of chronic conditions in the population in Asia-Pacific region. 

Key findings of the study 

• By type, the standalone segment was highest contributor to the ambulatory X-Ray devices industry in 2021. 
• By application, orthopedics segment dominated the market in 2021 and is anticipated to grow at the highest CAGR during the forecast period 
• By end user, the hospitals segment dominated the ambulatory X-Ray devices industry in 2021 and is anticipated to grow at the highest CAGR during the forecast period 
• Region wise, North America generated the largest revenue in 2021. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.