Technological advances, implementation of carbon nanotubes for accurate diagnosis, easy setup in low-density material are some factors boosting the medical X-ray generators market growth.
Market Size: USD 1.67 billion in 2019
Growth Rate: 3.9%
Market Trends: technological advances and product launches for medical X-ray generator
The Global Medical X-ray Generators Market is predicted to reach USD 2.27 billion by 2027 from USD 1.67 billion in 2019 at a CAGR of 3.9%. In medical applications, X-ray generators provide visual illustrations of the internal organs to detect and diagnose any disease. They are used to diagnose and treat a variety of conditions, including various heart diseases, respiratory diseases, and common bone diseases. Advanced in digital imaging, especially in CT scans, has resulted in instant growth of examinations.
Significant key players in the medical X-ray generator market:
Control-X Medical, Innomed Medical, ECORAY, Siemens Healthineers, DH Medical, Angell, LANDWIND MEDICAL Neusoft Medical Systems, Poskom, and AMRAD MEDICAL
Due to recent technological advances in the medical field, there has been a rising demand for medical x-rays generators and implementation of carbon nanotubes for an accurate diagnosis. These carbon nanotubes and x-rays are seen to offer an excellent opportunity for key players in the market. Due to various novel options, most developing countries are investing in the market.
Increasing collaborations between research institutes, government bodies, and some significant manufacturers are boosting the market growth. The growing occurrences of dental and cardiovascular disorders has increased the need for medical x-ray generators that has directly expanded market growth. Easy setup in low-density material, precise image diagnosis and efforts taken by the government of favorable compensation policies for patients for better access to high-quality imaging are some of the market drivers. Use of x-ray generators in fluoroscopy, angiography, mammography and radiology is estimated to increase the market growth.
However, stringent restrictions and the high price of some devices can hamper market growth.
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Key findings:
- The Asia Pacific region is estimated to grow at a substantial CAGR of 6%, followed by Europe at 3.5% and North America at 3.3%. The rising demand for X-ray procedures would expand market growth further.
- The availability of raw materials is projected to expand the x-ray generators market due to efforts taken by the government to promote patient safety.
- Stationary x-ray generators are cost-effective and user-friendly as compared to portable X-ray generators. In 2019, the stationary x-ray generators dominated the market with a share of around 61.6% and is predicted to maintain its dominance during the projection period.
- In 2015, fixed medical x-ray generators held more than half of the revenue share due to the clinical urgency to incorporate the device to treat more people.
- Portable x-ray generators are projected to expand at a CAGR of 3.5%. These machines are best suited for ambulances and emergency care centers. These devices help in fast detection of diseases and are predicted to increase the overall adoption rate of the medical x-ray generators shortly.
- Increase in research activities to improve the current x-ray machine capabilities is estimated to stimulate the x-ray generators market growth.
- Digital system segment attributed to more than half of total revenue and is expected to increase over the next decade. The significant factors responsible for the segment growth are advances in digital technology, including image transfer, enhancement and execution speed. These digital x-rays provide precise real-time images with an accurate diagnosis.
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Market Segmentation and Regional Analysis
For the purpose of this report, Reports and Data has segmented the Global Medical X-ray Generators Market on the basis of product type, portability type, application type and region:
Product Type (Revenue, USD Million; 2017–2027)
- Low-Frequency X-Ray Generators
- Medium Frequency X-Ray Generators
- High-Frequency X-Ray Generators
Portability Type (Revenue, USD Million; 2017–2027)
- Portable
- Stationary
Application Type (Revenue, USD Million; 2017–2027)
- Respiratory
- Cardiovascular
- Mammography
- Dental
- Orthopedics
Regional Outlook (Revenue in USD Million; 2017–2027)
North America
- Canada
- US.
Europe
- France
- Germany
- UK.
- Spain
- Italy
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific
Latin America
- Brazil
Middle East & Africa
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Table of Contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Increased adoption of advanced technologies
3.2. Growing investments in medical research and development
3.3. Development in healthcare sector
3.4. Government initiatives and support
Chapter 4. Medical X-ray Generators Segmentation & Impact Analysis
4.1. Medical X-ray Generators Segmentation Analysis
4.2. Medical X-ray Generators Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Medical X-ray Generators Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Increasing cases of bone fractures
4.4.1.2. Launch of new x-ray equipment
4.4.2. Market restraint analysis
4.4.2.1. Lack of awareness
4.4.2.2. Expensive instruments
4.5. Key opportunities prioritized
Continued………
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