According to the latest report by IMARC Group, titled “Global X-ray Machine Manufacturing Market Report, Size, Share, Growth, Industry Trends, 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 Machine Manufacturing Market Overview :
X-ray machines are made to conduct imaging tests to find fractures, malignant cells, and deformed bones. To produce images of the internal organs and tissues, they use a type of high-energy electromagnetic radiation that can pass through most objects. An image detecting system and an X-ray generator make up their two parts. X-ray machines offer exceptional image clarity, processing speed, and dosage reduction because to the use of various highly accurate components, including rotors and anode cans. As a result, there is a growing need for x-ray machines at hospitals, financial institutions, train stations, and airports.
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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.
X–Ray Machine Manufacturing Market Trends and Drivers:
The global x-ray machine manufacturing market is primarily driven by the increasing prevalence of respiratory, genitourinary, and cardiovascular disorders, especially among the geriatric population. Moreover, the rising national security concerns and criminal activities, including illegal transportation of arms and drug trafficking, have catalyzed the demand for x-ray security screening systems.
They help detect metallic and non-metallic objects hidden under clothes or body cavities for security purposes. Furthermore, the leading players are offering 3-D color x-ray to produce more accurate and cleaner images for better diagnosis. In line with this, extensive investments in research and development (R&D) activities to introduce advanced diagnostic machines that provide improved image quality, faster processing time, and dose reduction advantages have accelerated the product adoption rate.
Other factors, including the expanding geriatric population, improving healthcare infrastructure, escalating demand for painless and non-invasive disease diagnosis, favorable government initiatives, and technological advancements, are also anticipated to propel the market growth.
| X-Ray Machine Manufacturing Market Report Scope | |
| Report Coverage | Details |
| 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 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
Global X–Ray Machine Manufacturing Market 2022–2027 Analysis and Segmentation:
Competitive Landscape:
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:
- Stationary
- Portable
Breakup by Technology:
- Analog
- Digital
Market Breakup by End User:
- Healthcare
- Transportation and Logistics
- Government
- Others
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.
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