Acknowledging the kind of traction gained by this market, recently published a study report asserts The X-ray Tube market was valued at USD 2,859.8 million in 2021 and is expected to reach USD 3,787.16 million by 2027, registering a phenomenal CAGR of 4.7% during the review period (2022 to 2027).
X-ray Tube Market Overview
The X-ray tube is an air evacuated vacuum tube that changes electrical energy to yield other forms of radiation including X-rays, which are used for imaging purposes. An X-ray tube contains different parts and elements. The two basic and primary elements are cathode and anode. A cathode provides electrons that are received by the anode to yield and release X-rays.An X-ray tube has other elements such as air evacuated vacuum tube also known as the envelope, tube housing, a rotor, an induction motor, and other components such as cooling oil and expansion bellows. Envelop is a significant component of an X-ray tube which contains the cathode and the anode to yield X-rays. The anode is a major component, which produces X-rays, apart from dissipating the heat produced in the process.
The increase in prevalence of chronic diseases like cancer and cardiovascular diseases are augmenting the demand for body imaging for timely detection and treatment. The market growth can also be connected with the rise in number of diagnostic centers established to identify bone-related disorders such as fractures and weakening of bones, among others. Several hospitals and diagnostic centers have installed X-ray and CT imaging as a primary mode of diagnosis to check the severity of the infection. Further, rising advancements such as the interventional X-ray to provide high-quality, high-resolution images, has been further favoring the demand for the product in healthcare applications, and thereby boosting the market growth of market.
Recent Development
November 23, 2020: Varex to Showcase New X-Ray Components at RSNA 2020: The company will highlight several new technologies and products including nanotube (NT) based X-ray tubes, Liquid Metal Bearing (LMB) X-ray tubes and Direct Conversion’s Photon Counting digital detectors. To accommodate 2020’s virtual RSNA Conference, Varex is launching a new virtual booth which will integrate 3D product models and videos highlighting our new products and innovative technologies for medical applications.
Who are the Major Players in the X-ray Tube Market?
The X-ray Tube Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Varex Imaging Corporation (NasdaqGS:VREX), General Electric Company (NYSE:GE), Canon Electronics Inc. (7739.T) (Toshiba), Siemens, Dunlee, IAE, Comet Technologies, Hangzhou Wandong, Oxford Instruments plc (LSE:OXIG.L), Kailong Medical, Sandt, Gulmay, Keyway Electron, Excillum, and others.
What are the major Applications, Types, and Regions for the X-ray Tube Market?
By Type, it is segmented into
- Stationary Anode X-Ray Tube
- Rotating Anode X-Ray Tube
By Applications, it is segmented into
X-ray Tube Market Regional Analysis
North America dominated the global X-ray tubes market in previous year and the trend is anticipated to continue during the forecast period. High awareness and implementation of preventive care and early diagnosis increase demand for X-ray tubes in the U.S. and Canada.Europe is expected to account for the second major share of the global market during the forecast period due to well-established health care infrastructure and hub for key industry players in the region.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
North America Accounts an Important Share - The United States is witnessing a rise in the geriatric population and a surge in the incidence of chronic diseases due to sedentary lifestyles and unhealthy eating habits. Moreover, increasing medical infrastructure developments with growth in medical facilities are anticipated to propel the demand for the medical X-ray tube market in America.
What is our X-ray Tube Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 4.7% during the review period (2022 to 2027).
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By Type
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- Stationary Anode X-Ray Tube
- Rotating Anode X-Ray Tube
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By Application
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By Companies
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Varex Imaging Corporation (NasdaqGS:VREX), General Electric Company (NYSE:GE), Canon Electronics Inc. (7739.T) (Toshiba), Siemens, Dunlee, IAE, Comet Technologies, Hangzhou Wandong, Oxford Instruments plc (LSE:OXIG.L), Kailong Medical, Sandt, Gulmay, Keyway Electron, Excillum, and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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158
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this X-ray Tube Report
- Evaluate X-ray Tube market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the X-ray Tube market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The X-ray Tube Market is studied from 2017 - 2027.
What is the growth rate of X-ray Tube Market?
The X-ray Tube Market is growing at a CAGR of 4.7% over the next 5 years.
Who are the leading key players in X-ray Tube Market?
Varex Imaging Corporation (NasdaqGS:VREX), General Electric Company (NYSE:GE), Canon Electronics Inc. (7739.T) (Toshiba), Siemens, Dunlee, IAE, Comet Technologies, Hangzhou Wandong, Oxford Instruments plc (LSE:OXIG.L), Kailong Medical, Sandt, Gulmay, Keyway Electron, Excillum, and others.
What regions regions does this X-ray Tube Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of X-ray Tube Market?
Stationary Anode X-Ray Tube, Rotating Anode X-Ray Tube
What are the significant Applications of X-ray Tube Market?
Medical, Industrial
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
