According to the latest report by IMARC Group, titled “Global X-ray Machine Manufacturing Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global X-ray machine manufacturing market reached a value of US$ 14.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 19.92 Billion by 2027 exhibiting a CAGR of 5.30% during 2022-2027.
X-ray represents an imaging test that can eliminate cancerous cells in radiation therapy and detect bone deformities by generating images of structures and tissues in the body. The manufacturing of X-ray machines generally involves the use of numerous high-precision components, such as rotors and anode cans. As such, these machines find wide-ranging applications across the healthcare industry, financial institutes, airports, train stations, etc.
|X-Ray Machine Manufacturing Market Report Scope|
|Market size value in 2021||US$ 14.2 Billion|
|Market forecast in 2027||US$ 19.92 Billion|
|Growth Rate||CAGR of 5.30% from 2022 to 2027|
|Base year for estimation||2021|
X-Ray Machine Manufacturing Market Trends and Drivers:
The rising prevalence of various chronic medical conditions, including cancer, diabetes, cardiovascular diseases (CVDs), gastrointestinal disorders, etc., particularly among the geriatric population, is primarily driving the X-ray machine manufacturing market.
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Additionally, the growing security concerns, owing to the increasing incidences of drug trafficking and illegal shipping of arms, are further catalyzing the market growth. Besides this, the launch of several favorable policies by government bodies across countries to improve the healthcare infrastructures, on account of the sudden outbreak of the COVID-19 pandemic, is acting as another significant growth-inducing factor.
Moreover, the leading manufacturers are developing 3-D color product variants to generate cleaner and more accurate images for improved diagnosis, which, in turn, is also augmenting the global market. Apart from this, the elevating investments in R&D activities aimed at introducing next-gen digital radiography (DR) machines that are integrated with flat-panel detectors (FPDs) to offer faster processing are anticipated to fuel the X-ray machine manufacturing market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global X-Ray Machine Manufacturing Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Allengers Group, Canon Inc., Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hindrays, Hitachi Ltd., Narang Medical Limited, Shimadzu Corporation, Siemens AG and Vision Medicaid Equipments Private Limited.
The report has segmented the market on the basis of region, product type, technology and end user.
Breakup by Product Type:
Breakup by Technology:
Breakup by End User:
- Transportation and Logistics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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