360 Market Updates adds Global X-Ray Tube Market 2021 report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more. X-Ray Tube Market provides AN in-depth statement on the key influencing factors, market statistics in terms of revenues, segment-wise knowledge, region-wise knowledge, and country-wise knowledge are offered within the full study. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
Global “X-Ray Tube Market” Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. Also, X-Ray Tube Market is predicted to grow at a CAGR of 5.21 during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the X-Ray Tube market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.
The report gives – Who are the global key players in this keyword market? What are their company profile, product information, and contact information? What Was the Global Market Status of X-Ray Tube Market? What Was Capacity, Production Value, Cost and PROFIT of X-Ray Tube Market?
X-Ray Tube Market Overview 2021:
As of 2017, the global X-ray tube market was valued at USD 2.42 billion and is expected to reach a value of USD 3.3 billion by 2023, registering a CAGR of about 5.21% during 2018-2023 (the forecast period). An X-ray tube is a device that produces X-rays when subjected to an electric charge. Increasing technology advancement is one of the primary factors that is driving the growth in demand for X-ray tubes. The application of X-rays has drastically expanded beyond the field of medicine, over the past few decades. With innovations in electronics, the size of a system has decreased, immensely. With the availability of compact systems, X-ray machines are being used in various fields, such as airport security, baggage scanning, metallurgical applications etc. In addition, the increase in medical cases and accidental injuries around the globe is influencing the markets growth. With an increase in medical cases and diagnostic equipment, the demand for X-ray tubes in medical imaging is growing, which is, in turn, driving the market growth. However, the presence of stringent and strict regulations by FDA, across the globe, for manufacturing and designing X-ray tubes have created additional costs for manufacturers, while becoming a barrier for new entrants. These factors are restraining the market growth.
Increasing Demand for Healthcare Diagnostics is Driving the Growth of the Market
The healthcare industry has been one of the primary industries to employ X-rays. Earlier in 1896, X-rays were used as a diagnostic tool and remain one of the main diagnostic tools. In 2016, the global medical imaging market was valued at 26.7 billion, with X-ray machines occupying the majority market share. An increase in the number of medical illness cases is one of the primary factors driving the growth of X-ray machines. In addition, an increase in the number of fatal accidents globally, is also driving the demand for X-ray machines and other diagnostic terminals using X-ray tubes. It has been estimated that around 40 million people are injured in accidental road crashes, globally. The medical industry relies heavily on the diagnostics, to address the injury and treat the patient. In addition, the number of medical cases, which require X-ray diagnostics, is increasing at a rapid pace. With the increase in medical imaging equipment usage, the investment in X-ray-related applications is growing lucratively. Thus, this factor is fueling the demand for diagnostic equipment and driving the growth of the X-ray tubes market.
Manufacturing Segment dominating the Market Landscape
The manufacturing industry is one of the leading end-user industries for X-ray tubes. In the last 20 years, X-ray applications for industrial and manufacturing was dominated by conventional technologies. With the advancements in technology, the industry developed towards higher energies (450kV) and recognized advances for voltage stability and better visualization concepts. Also, there was no breakthrough innovation in X-ray generation methods. Applications were designed around existing X-ray tubes. Digital technologies are taking over, and as a trend, it is replacing the conventional technologies. X-ray sources, such as X-ray tube. This trend has contributed to significant productivity gains, which are achieved by digital imaging technologies. New X-ray tubes and generator technologies are gaining applications, and the market is expected to grow lucratively during the forecast period.
North America to Dominate the Market
North America is the largest market for X-ray tubes. Latest technological breakthroughs have assisted the advancement of new X-ray tubes that can make the overall processes more efficient and can significantly improve accuracy in various applications. In North America, a series of new product launches, and mergers and acquisitions has been witnessed. The major driver behind these investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, non-destructive testing, security and electro medical imaging applications, North America is set to achieve remarkable changes in the market during the forecast period.
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Top Key-players/Leading Manufacturers of X-Ray Tube Market:
- Siemens AG
- Toshiba Electron Tubes & Devices Co Ltd.
- Hitachi Ltd
- Koninklijke Philips N.V
- General Electric
- Shimadzu Corporation
- Oxford Instruments PLC
- Brand X-Ray Co. Inc.
- Panalytical Inc
- Lafco India Scientific Industries
- Comet Holding AG
With tables and figures helping analyze the worldwide Global X-Ray Tube market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
The Global X-Ray Tube market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Key Developments in the X-Ray Tube Market:
This X-Ray Tube Market Research/analysis Report Contains Answers to your following Questions
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for X-Ray Tube Industry?
- What Was the Global Market Status of X-Ray Tube Market? What Was Capacity, Production Value, Cost, and PROFIT of X-Ray Tube Market?
- What Are Projections of Global X-Ray Tube Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
- What Is X-Ray Tube Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
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- What Is Economic Impact On X-Ray Tube Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- Which Manufacturing Technology is used for X-Ray Tube? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This X-Ray Tube Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Is the Current Market Status of the X-Ray Tube Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of X-Ray Tube Market by Taking Applications and Types in Consideration?
- What Are Market Dynamics of X-Ray Tube Market? What Are Challenges and Opportunities?
Reasons to Purchase X-Ray Tube Market Report:
- The report analyses how stringent emission control norms will drive the global X-Ray Tube market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major X-Ray Tube market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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