The latest research study “X-ray Machine Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global X-ray machine manufacturing market size 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.
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X-ray machines are designed to perform imaging tests to detect bone deformities, fractures, and cancerous cells. They utilize a form of high-energy electromagnetic radiation that can pass through most objects to generate images of the structures and tissues inside the body. They are composed of two components: an X-ray generator and an image detection system. X-ray machines are manufactured using several high-precise components, such as rotors and anode cans, and offer high image quality, processing speed, and dosage reduction. As a result, the demand for x-ray machine manufacturing has escalated across airports, financial institutes, train stations, and healthcare facilities.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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.
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|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|
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:
Market 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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