The global X-ray machine manufacturing market was valued at US$ 15.23 Billion in 2022 and is forecast to reach a value of US$ 23.82 Billion by 2030 at a CAGR of 5.8% between 2023 and 2030. X-ray refers to an imaging test that can detect bone deformities and eliminate cancerous cells in radiation therapy by generating images of structures and tissues in the body. X-ray machines are made from two main components, which include an image detection system and X-ray generator. Amongst these, an X-ray generator is made from a tube, high voltage generator, control console, and cooling system. The manufacturing of these machines involves the use several high-precision components, such as rotors and anode cans. Producers mainly use the deep drawing process, which begins by pressing of a standard metal sheet into a cup of die with a high-pressure pressing machine. Other than the healthcare industry, x-ray machines are largely used in security applications across airports, financial institutes, and train stations.
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X-ray Machine Manufacturing Market Trends:
The global x-ray machine manufacturing market is expanding primarily due to the rising prevalence of respiratory, genitourinary, cardiovascular, and gastrointestinal illnesses, particularly in the ageing population. The market is expanding as a result of increased spending in the research and development (R&D) of sophisticated diagnostic tools. As an illustration, industry participants are creating 3-D colour x-rays to produce clearer and more accurate images for improved diagnosis. In addition to this, the market is expanding due to a major surge in security concerns brought on by threats and criminal operations including drug trafficking and the illegal shipment of weapons. Additionally, governments from different countries have launched a number of initiatives to upgrade the healthcare system ever since the coronavirus disease (COVID-19) outbreak began. As a result, the market for making x-ray machines is seeing a bright future.
X-ray Machine Manufacturing Market Opportunities:
Due to an increase in terrorist attacks and illegal smuggling operations worldwide, there will be a rise in the deployment of highly effective security solutions, which will present participants in the global X-ray machine manufacturing market with considerable potential prospects. For instance, the majority of fentanyl, heroin, and/or methamphetamine transported into the United States occurs over the Southwest border, according to the U.S. Drug Enforcement Administration (DEA). Over 90% of the heroin consumed in the United States, according to the Washington Office on Latin America (WOLA), originates in Mexico. Therefore, at the border, all private passenger vehicles and business vehicles are scanned.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Siemens AG, Canon Inc., Hologic Inc., Philips Healthcare, GE Healthcare, Shimadzu Corporation, Hitachi Medical Corporation, and Fujifilm Holdings Corporation, among others.
Detailed Segmentation:
- Global X-ray Machine Manufacturing Market, By Product Type:
- Stationary
- Portable
- Global X-ray Machine Manufacturing Market, By Technology:
- Analog
- Digital
- Global X-ray Machine Manufacturing Market, By End User:
- Healthcare
- Transportation and Logistics
- Government
- Other End Users
- Global X-ray Machine Manufacturing Market, By Geography:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2021 |
| Forecast Period | 2023-2030 |
| Segment Coverage | Product Type, Technology, End User, Region |
| Growth Drivers: |
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| Restraints & Challenges: |
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| Report Price and Purchase Option |
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Global X-ray Machine Manufacturing Market: Key Developments
In August 2022, GE Healthcare launched the digital AI-enabled x-ray system. The Definium 656 HD platform includes artificial intelligence (AI) to provide enhanced anatomic detail and clarity through the use of Helix 2.2 advanced image processing and 100 um FlashPad HD detectors.
In September 2021, GE Healthcare introduced the AMX Navigate, a new portable, digital X-ray system designed with a first-of-its-kind power-assisted Free Motion telescoping coluBn that aims to reduce lift force by up to 70 percent and decrease technologist injury.
In September 2021, Basavatarakam Indo American Cancer Hospital & Research Institute launched a digital radiography machine ‘FDR SMART F’, Fujifilm’s latest high-quality and cost-effective x-ray system for its cancer patients.
Reasons to Purchase this Report:
👉Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
👉Provision of market value (USD Billion) data for each segment and sub-segment
👉Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
👉Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
👉The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
👉Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
👉Market dynamics scenario, along with growth opportunities of the market in the years to come.
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