Portable Imaging Solutions Market

Asia-Pacific is Expected to Dominate the Portable Imaging Solutions Market till 2028

Portable imaging solutions are compact devices that can be moved to different locations for diagnostic services. Diagnostic imaging procedures are conducted on more than 75% of the medical cases. It is further expected that the market will increase as a number of technological advancements occurring in the field of imaging solutions and radiology. This will enable in providing detailed and informative diagnosis about the problems being faced by the patients to both patients and care providers.

With their effective implementation, the imaging solutions can become the most effective service in the healthcare industry and can significantly lower the operating cost for a service provider. Further, by increasing the focus on portable imaging solutions, it is expected that they can strengthen research capabilities and improve the regulatory environment in the market.

According to a recent market intelligence report, titled ‘Global Portable Imaging Solutions Market – Analysis and Forecast (2018 – 2028)’, the market was valued at $2.4 billion in 2017 and is expected to register a growth of 8.49%, during the forecast period to reach $5.7 billion by 2028. Owing to the increasing incidence of chronic diseases, rising demand for dedicated care of patients, increasing government initiatives, improving healthcare infrastructure, rising demand for point-of-care applications, and increasing geriatric population, the market is expected to witness growth.

On the other hand, factors, such as unavailability of skilled workforce or radiologist, stringent reimbursement scenario, and most importantly the risk of emission of harmful radiation from imaging devices, are restraining the growth of the market. However, there are opportunities as well for the players to grow and capture a better share in the market. Besides, the key strategies that are being followed by the organizations present in the ecosystem are product approvals Launches, agreements, awards & recognition, funding, and mergers & acquisitions. Of all the strategies being adopted by different players in the market, product approvals and launches accounts for the maximum share in the market.

Further, the report by BIS Research, also highlights the segmentation of the market for the purpose of study. Product type, end-users, and region are the three major the segments of the portable imaging solutions market. The market segmentation by product type is further segmented into ultrasound systems, mobile x-ray systems, and portable CT scanners. Ultrasound systems are further bifurcated by portable and handheld ultrasound systems, and mobile x-ray systems are bifurcated by digital and mobile x-ray systems. In 2017, ultrasound systems accounted for the maximum share of the market. Further, portable ultrasound systems were more popular in 2017 as compared to handheld systems.

Based on the segmentation of the imaging market by end user, the market has been segmented into hospitals and ambulatory surgical centers, diagnostic centers, and others. In 2017, hospitals & ambulatory surgical centers accounted for the maximum share of the market and is expected to maintain that dominance in future. Lastly, based on the segmentation by region, Asia-Pacific accounted for the maximum share of the market in 2017 and is expected to maintain the dominance in the future.