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Mobile Imaging Market Expected to Reach $53.84 Billion by 2030

 

Report Code : A10893

quote Increase in prevalence of chronic diseases coupled with awareness toward early diagnosis of diseases, emergence of COVID-19 pandemic outbreak, strategic collaborations & acquisitions of key players, and significant development in digital radiology boost the growth of the global mobile imaging market. Furthermore, high growth potential exhibited by emerging markets creates remunerative opportunities for manufacturers to invest in the near future. quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, Mobile Imaging, by Service Type, Patient Type, and Facility: Global Opportunity Analysis and Industry Forecast, 2021–2030, “the global mobile imaging market size was valued at $29.39 billion in 2020, and is projected to reach $53.84 billion by 2030 registering a CAGR of 6.50% from 2021 to 2030.”

Mobile systems are a complete and flexible solution in the healthcare industry. The primary use of mobile imaging technology is in the diagnosis of illnesses by giving comprehensive pictures of the body. Mobile imaging in healthcare applications is evolving at a rapid pace due to the various benefits it provide. Changing elements in healthcare administration, such as the recent introduction of patient-driven payment model (PDPM) are radically altering how institutions deliver care and assess performance. As a consequence of their capacity to deliver faster, more convenient, and cost-effective imaging services than traditional third-party facilities, mobile imaging services are continuing to gain traction.

Alarming rise in prevalence of chronic diseases such as cancer, neurological disorders, and cardiovascular diseases due to increase in alcohol consumption, unhealthy eating habits, smoking, & sedentary lifestyle coupled with rise in awareness toward early diagnosis of diseases among population are the principle driving factors of the mobile imaging market. In addition, the emergence of COVID-19 pandemic outbreak, strategic collaborations & acquisitions of key players, and significant development in digital radiology augment the growth of the market. However, high maintenance requirement of mobile imaging equipment as well as low flexibility of moving the mobile imaging units are some key challenges, which hinder growth of the market. In addition, dearth of skilled radiologists hampers the market growth, as mobile imaging is a relatively new service in the medical industry. On the contrary, high growth potential exhibited emerging markets creates an opportunity for the manufacturers to tap and capitalize on the market.

COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has helped the industry grow significantly, as the demand for mobile imaging increased, owing to increase in need for diagnostic testing of COVID-19-suspected cases, which supported the mobile imaging market during the global health crisis.

The global mobile imaging market is segmented into service type, patient type, facility, and region to provide a detailed assessment of the market. By service type, the market is divided into X-ray, CT scan, ultrasound, MRI, mammography, nuclear imaging, and others (PET scan and fluoroscopy). The X-ray segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to growing demand for mobile X-ray systems, growth in the number of hospitals and diagnostic centers, advances in digital technology, painless and non-invasive procedures, low prices as compared to other modalities, increase in the aging population, and the rise in incidence of injuries and diseases.

Depending on patient type, the market is categorized into adult and pediatric. The adult exhibited the highest growth in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to increase in prevalence of chronic diseases such as cancer, cardiovascular diseases in adults.

On the basis of facility, the mobile imaging market is fragmented into hospitals & clinics, home healthcare, and others (ambulatory imaging centers). The hospitals & clinics acquired the largest share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to increase in adoption of mobile imaging services by hospitals & clinics as they help in saving space, thereby reducing basic investment required for infrastructure.

Key Findings Of The Study

  • Depending on service type, the X-ray held largest share in the global mobile imaging market in 2020.
  • On the basis of patient type, adult acquired the largest share in 2020, and is expected to remain dominant throughout the forecast period.
  • By facility, the hospitals & clinics dominated the global mobile imaging market in 2020, and is anticipated to continue this trend during the forecast period.
  • Region wise, North America is expected to experience growth at the highest rate, registering a CAGR of 5.50 % during the forecast period.

North America accounted for the largest share of the global mobile imaging market in 2020, and is expected to remain dominant throughout the forecast period. This was attributed to increase in demand for digitization in healthcare organizations, rise in prevalence of chronic diseases, rise in awareness about mobile imaging technologies in diagnosis of various diseases, surge in demand of better healthcare facilities, increase in healthcare expenditure, and improved healthcare infrastructure in the region.

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quote Mobile Imaging Market by Service Type (X-Ray, CT Scan, Ultrasound, MRI, Mammography, Nuclear Imaging, and Others), Patient Type (Adult and Pediatric), and Facility (Hospitals & Clinics, Home Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

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