Global Medical X-Ray Tube Market is estimated to be 3.2 Billion by 2029 with a CAGR of 4.3% during the forecasted period.

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Published Date: January 2021

The global medical X-ray tube market accounted for 2.2 billion in 2020 and is estimated to be US$ 3.2 billion by 2029 and is anticipated to register a CAGR of 4.3%.

The report "Global Medical X-Ray Tube Market, By Type (Rotating Anode and Stationary Anode), By Application (Dental Imaging, Radiography, CT Scanner, and Mammography System), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In July 2019, Micro-X manufactured a new carbon nanotube X-ray tube for its platform of X-ray products. These CNT-based X-ray tubes are the first and only not to use heated-filament electron emission, reducing size, weight, heat, and power. The total project cost was approximately USD 3 million, including for the development work and new capital equipment.
In June 2012, Varian Medical Systems, X-Ray Products, has launched an on-line product finder tool giving customers the ability to quickly locate needed replacement X-ray tubes as well as flat panel detectors for digital imaging.

Analyst View:

Rising prevalence of chronic diseases

The rise in prevalence of chronic diseases including cancer and cardiovascular is driving health care reforms to increase emphasis on early diagnosis of diseases. This, in turn, is increasing demand for and subsequent increase in the number of diagnostic tests performed each year globally. According to the World Health Organization (WHO), there were around 9 million computed tomography scans performed globally in 1980. Rise in demand for diagnostic tests, coupled with introduction of new and advanced products and technologies in the market such as computed tomography (CT) imaging increased the number of CT scans. Nearly 80 million scans were performed in the U.S. alone, in 2015.

Technological advancements

Technological advancements within the x-ray tubes, alongside new and advanced imaging techniques supported x-rays are being introduced within the global market. These are expected to drive the worldwide x-ray tubes market during the forecast period. According to experts at the university of Cincinnati, the continuous development of big data and data mining will provide radiologic professionals with real-time data during the imaging process,” which in turn leads to fewer errors and more personalized care. For example, analytics are often used to detect patterns specific to a certain pathology. Imaging algorithms can derive metrics using intensive analysis of these patterns in a digital image, and then deliver scores that complement any analyses made by the radiologist, resulting in quicker, customized, and more accurate diagnoses.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Medical X-Ray Tube Market”, By Type (Rotating Anode and Stationary Anode), By Application (Dental Imaging, Radiography, CT Scanner, and Mammography System), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global medical X-Ray tube market accounted for 2.2 billion in 2020 and is estimated to be US$ 3.2 billion by 2029 and is anticipated to register a CAGR of 4.3%. The market report has been segmented on the basis of type, application and region.

Depending upon the type, the rotator anode segment is projected to grow at highest CAGR over the forecast period.
Depending upon the application, the CT Scanner segment is projected to grow at highest CAGR over the forecast period due to owing the higher number of x-ray scans and CT scans being performed each year in diagnostic imaging centers.
By region, North America dominated the market over the forecast period. High awareness and implementation of preventive care and early diagnosis in the region is increasing demand for x-ray tubes in the U.S., and Canada.

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Competitive Landscape:

The prominent player operating in the global medical X-Ray tube market includes Varex Imaging (Varian), Toshiba Electron, IAE, Dunlee, Siemens, Comet Technologies, Hangzhou Wandong, Kailong Medical, Gulmay, Keyway Electron, Oxford Instruments, Sandt, and Lan Scientific.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period