Healthcare Sector to Continue Spearheading Demand for X-ray Tubes: Fact.MR Study
The global X-ray tubes industry is expected to be worth US$ 2.8 billion by 2022, with a CAGR of 4.5% over the next five years.
The expanding scope of X-ray system applications in various industry verticals such as food, manufacturing, security, aerospace & defense, and healthcare is expected to drive market growth in the coming years. The increasing use of X-ray-based systems in the healthcare industry, as well as rapid advancements in X-ray technology, are expected to boost market potential through 2027.
To maximise their sales potential across various industry verticals, X-ray tube manufacturers are focusing on launching new and innovative products.
X-ray tube manufacturers are focusing on launching new and innovative products to maximize their sales potential across various industry verticals.
- In January 2022, Fortress Technology, a leading name in the metal detection systems industry, announced the launch of its new X-ray tubes for the food industry. The Raptor X-ray is capable of inspecting food packs for the presence of metal, glass, and other unwanted materials.
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Key Takeaways from Market Study
- Currently, the global X-ray tubes market enjoys a US$ 2.8 billion value.
- By the end of 2027, the X-ray tubes market is estimated to reach US$ 3.5 billion.
- From 2022 to 2027, the X-ray tubes market is slated to exhibit expansion at a CAGR of 4.5%.
- Growing geriatric population, rising demand for early diagnostics, rapid technological advancements, increasing demand for non-destructive testing, and prevalence of chronic diseases are factors positively impacting X-ray tube sales.
- Increasing popularity of alternative imaging techniques and stringent regulatory mandates are expected to have a hindering effect on market potential.
- At present, the U.S. X-ray tubes market stands at a value of US$ 800 million.
- The China X-ray tubes market is anticipated to evolve at a CAGR of 4.9% and account for a market value of US$ 650 million by 2027.
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“High popularity of imaging techniques such as MRI, nuclear medicine imaging, and ultrasound expected to restrain X-ray tubes market growth potential,” says a Fact.MR analyst
Winning Strategy
Mergers, acquisitions, and collaborations are expected to be pursued by X-ray tube manufacturing companies in order to strengthen their market position and expand their product portfolios, allowing them to gain a competitive advantage over other competitors.
Fact.MR, a market research and competitive intelligence provider, has profiled all of the key strategies adopted by established market players and start-ups in its latest X-ray tubes market survey.
Key Segments Covered in X-ray Tubes Industry Research
- By Product Type :
- Rotating Anode Tubes
- Stationary X-ray Tubes
- By End-user Industry :
- Manufacturing
- Food
- Healthcare
- Aerospace & Defense
- Other End-user Industries
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global X-ray tubes market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis of product type (rotating anode tubes, stationary X-ray tubes) and end-user industry (manufacturing, healthcare, food, aerospace & defense, other end-user industries), across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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