Mobile Imaging Market: Current Analysis and Forecast (2022-2028)

Report Description

The global mobile imaging market is expected to grow at a significant rate of around 9% during the forecast period 2022-2028. The rising demand for diagnostic equipment for maternal care along with the rising incidences of long-term diseases attributes to the growth of the mobile imaging market. For instance, as per the WHO, Chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019.  Furthermore, Additionally, the increased prevalence of musculoskeletal disorders due to improper nutrition is also a significant factor contributing to the global mobile imaging market

Accurate Imaging Inc., Alliance Healthcare Services, Atlantic Medical Imaging Inc., Front Rang Mobile Imaging Inc., Interim Diagnostic Imaging LLC, InHealth Group Ltd., Radnet Inc, Tridentcare LLC, Atlantic Medical Imaging, and Canon Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Product Type, X-ray category to witness higher CAGR during the forecast period”

Based on the product, the market has been categorized into x-ray, ultrasound, magnetic resonance imaging, computed tomography, mammography, and others. 4The rising awareness among people about the severity of the diseases coupled with the technological advancements in x-ray techniques is an important factor catalyzing the growth of the medical x-ray market. For instance, in September 2022, Siemens Healthineers launched Mobilett Impact, its newest mobile X-ray system. With Mobilett Impact, not just the imaging itself but the entire imaging workflow can be performed right at the patient’s bedside. 

“Amongst Patient Type, Adults category to witness higher CAGR during the forecast period”

Based on patient type, the market has been categorized into pediatrics and adults. Adults are expected to witness a higher CAGR during the forecast period. The rising popularity of the method along with the increasing number of pregnancy-related complications in women attributes to the growth of the segment. For instance, as per the WHO, every day, 800 women die from complications of childbirth. A pregnant woman from a developing country is 36 times more likely to suffer from pregnancy-related complications compared with a pregnant woman from a developed country.

“Amongst End-user, hospitals and private clinics segment to hold a significant share in the market in 2020”

Based on the end-user, the market has been categorized into hospitals and private clinics, home healthcare service providers, and others. In 2020, the hospitals and private clinics segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. This can be due to the presence of specialized professionals and equipment in the hospitals. Furthermore, the rapidly rising number of patients in the hospital & clinics globally also catalyzes the growth of the hospital & private segment.

“Asia Pacific to witness the fastest growth in the market”

For a better understanding of the market adoption of the Mobile Imaging industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as the increasing healthcare expenditure and the rapidly rising population in the region. Furthermore, the rising number of government and private health insurance also supports the fast growth of the region. For instance, the per capita healthcare expenditure of India accounted for USD 60.5 in 2016 which rose to reach USD 63.75 in 2019.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Mobile Imaging market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Mobile Imaging Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global mobile imaging market were the three major steps undertaken to create and analyze the adoption of mobile imaging in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global mobile imaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Mobile Imaging market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Mobile Imaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, patient type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Mobile Imaging market. Further, we conducted factor analysis using dependent and independent variables such as the product type, patient type, and end-users of mobile imaging. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Mobile Imaging market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Mobile Imaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the mobile imaging market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Mobile Imaging market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global mobile imaging market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas the product type, patient type, and end-users in the global mobile imaging market.

The main objective of the Global Mobile Imaging Market Study

The current & future market trends of the global mobile imaging market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the mobile imaging market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the product type, patient type, and end-users.
• Define and analysis of the regulatory framework for the mobile imaging industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the mobile imaging market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the mobile imaging market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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