X-ray Tubes Market
X-ray Tubes Market Analysis By Product Type (Rotating Anode Tubes & Stationary X-ray Tubes) By End-User Industry (Manufacturing, Food, Healthcare Aerospace & Defense & Other End-user Industries) and By Region – Global Market Insights 2022 to 2027
X-ray Tubes Market Outlook (2022-2027)
As per a new Fact.MR survey, the global X-ray tubes market enjoys a valuation of US$ 2.8 billion at present and is projected to reach US$ 3.5 billion by the end of 2027. Worldwide demand for X-ray tubes is anticipated to increase at a CAGR of 4.5% over the next five years.
Increasing prevalence of chronic diseases and heightened focus on healthcare are prominent factors that are expected to drive demand for medical diagnostic equipment across the world. Sales of X-ray tubes in the healthcare industry are predicted to rise faster at a CAGR of 5.5% across the forecast period.
X-ray Tubes Market Size (2022)
US$ 2.8 Billion
Projected Market Value (2027F)
US$ 3.5 Billion
Global Market Growth Rate (2022-2027)
China Market Value (2027F)
US$ 650 Million
United States Market Value (2022)
US$ 800 Million
China Market Growth Rate (2022-2027)
Key Companies Profiled
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X-ray Tube Sales Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2027)
Poor lifestyle choices and unhealthy eating habits have resulted in a high prevalence of chronic disorders which, have led to an increased demand for diagnostic imaging and testing. This is expected to majorly influence the demand for X-ray tubes over the coming years.
Rising investments in industrialization are also anticipated to drive shipments of industrial X-ray tubes as their scope of application in the manufacturing industry increases. X-ray systems in the manufacturing industry are used to detect defects and non-destructive testing of products.
Advancements in imaging technologies, a growing geriatric population, rising use of X-ray systems for security applications, increasing investments in the aerospace and defense industry, a growing number of diagnostics tests performed, and the increasing establishment of diagnostic centers are prominent factors that favor X-ray tubes market potential over the next five years.
The global X-ray tubes market is slated to expand at a CAGR of 4.5% through 2027. However, strict regulatory norms and the rising popularity of alternative imaging techniques are anticipated to have a constraining effect on the overall X-ray tube demand across the forecast period.
What Determinants Govern X-ray Tubes Market Evolution?
“Rising Demand for Early Diagnostics in Healthcare Industry”
The world has witnessed a notable increase in the frequency of outbreaks of infectious diseases and the incidence of chronic diseases which, in turn, resulted in high demand for early diagnostics.
Increasing demand for diagnosis has resulted in the establishment of new diagnostic centers, and hence, is projected to drive the sales of X-ray tubes across the forecast period. Early diagnosis is gaining popularity and preference as it provides better chances of survival for people suffering from various chronic ailments.
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Which Factors Could Negatively Impact X-ray Tube Shipments?
“Growing Popularity of Alternative Imaging Technologies”
Technological advancements have picked up pace over the past few years and have resulted in the emergence of new and advanced imaging technologies such as magnetic resonance imaging (MRI), nuclear medicine imaging, ultrasound, etc. These new imaging techniques are gaining popularity and this is expected to hurt sales of X-ray tubes across the forecast period.
What Opportunities Can New Market Players Explore?
“Aspiring Market Players Can Focus on Innovation in X-ray Tubes”
Start-ups are focusing on the integration of advanced technologies and creating new innovative products to enhance the overall X-ray imaging process.
- VEC Imaging, a German start-up, is creating nanotube-based X-ray emitters. These new emitters are utilizing cold cathodes instead of the traditional thermionic emitters. The company is using nanotechnology, and hence, can potentially reduce the size of devices and overall cost of imaging systems.
The use of AI in imaging is expected to be a prominent trend that new market players are expected to capitalize on over the coming years. Artificial intelligence and other advanced technologies are expected to provide lucrative research opportunities in the X-ray tubes market for new and established companies alike.
- In January 2022, XVision, a Medtech start-up based in Romania, announced that it had raised US$ 1.14 million in its second round of financing. The funds from this round will be used to expand its business in the U.S. and Western Europe. The company has developed a new AI software that helps analyze medical images and assists radiologists in diagnostic procedures.
Which Region Should X-ray Tube Manufacturers Target?
“X-ray Tube Suppliers Would Do Well to Focus on North America”
The market for X-ray tubes in North America currently accounts for a major market share in the global industry landscape and is expected to maintain a similar share throughout the forecast period.
Developed healthcare infrastructure, rapid adoption of X-ray technologies, increasing demand for early diagnostics, and high spending in aerospace and defense industry verticals are key factors that are expected to propel X-ray tube sales in this region through 2027. Canada and the U.S. are expected to be the prime markets in this region.
The Europe X-ray tubes market is expected to be driven by the increasing aging population and the presence of key market players. Germany, Italy, France, Spain, and the United Kingdom are projected to be the most lucrative markets in Europe over the next five years. The demand for X-ray tubes in Germany is slated to rise at a CAGR of 4.5% from 2022 to 2027.
Increasing investments in healthcare infrastructure development and supportive government initiatives to boost the manufacturing sector are expected to notably favor X-ray tubes market growth in the Asia Pacific region across the forecast period.
China is anticipated to be the key market in this region and sales of X-ray tubes in China are slated to rise at a CAGR of 4.9% to attain a valuation of US$ 650 million by the end of 2027.
How Will the U.S. X-ray Tubes Market Fare Going Forward?
“High Spending in Healthcare, Aerospace, & Defense Sectors”
The United States X-ray tubes market is projected to exhibit highly lucrative opportunities for suppliers of X-ray tubes owing to increasing investments in sectors such as aerospace, defense, and healthcare.
Growing geriatric population, rising incidence of cancer and other chronic diseases, and growing demand for diagnostic imaging are prominent factors that are expected to favor X-ray tube sales in the healthcare industry in the U.S. over the next five years.
High government spending in the aerospace & defense industry is also expected to positively influence the X-ray tubes market growth as X-ray systems are used in several applications.
At present, the market for X-ray tubes in the U.S. is valued at US$ 800 million and is expected to remain a significant country in the global industry landscape through 2027.
Which Industry Should X-ray Tube Vendors Invest In?
“Healthcare Industry to Provide Highly Lucrative Business Opportunities”
The global X-ray tubes market based on end-user industry is segmented into manufacturing, food, healthcare, aerospace & defense, and other end-user industries.
The healthcare industry is anticipated to be the most lucrative for suppliers of X-ray tubes owing to the rising demand for X-ray-based imaging systems in this industry vertical. Products such as mammography X-ray tubes, dental X-ray tubes, and fluoroscopy X-ray tubes are anticipated to witness a hike in demand throughout the forecast period.
Sales of portable X-ray tubes are expected to be driven by high demand from ambulatory surgical centers. The healthcare segment is set to expand at a CAGR of 5.5% over the coming years.
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X-ray tube manufacturers are anticipated to focus on expanding their business scope by increasing their sales potential.
- In December 2021, Agfa, a leading name in the imaging industry, announced the launch of its new digital radiography room at RSNA 2021. The VALORY digital radiography (DR) room comes with a ceiling-suspended X-ray tube, choice of generator power, and Iodide detectors to form a reliable and cost-effective imaging solution.
Mergers, acquisitions, collaborations, and partnerships are also expected to be highly popular among X-ray tube suppliers over the years to come.
- In January 2022, Malvern Panalytical, a leading name in the X-ray tubes marketplace, announced the acquisition of Creoptix AG, a bioanalysis sensor organization. This acquisition will help Malvern Panalytical strengthen its business potential and expand its drug discovery capabilities.
- In March 2022, Nordisk Røntgen Teknik A/S, a leading X-ray system manufacturer, was acquired by Canon Medical Systems Corporation. Canon Medical is expected to bolster its position in the European imaging market through this acquisition.
This latest X-ray tubes market research report by analysts at Fact.MR, a market research and competitive intelligence provider, lists more recent developments in the market and also discusses various strategies adopted by key market players to advance their revenue generation potential.
Key Segments Covered in X-ray Tubes Industry Research
By Product Type :
- Rotating Anode Tubes
- Stationary X-ray Tubes
By End-user Industry :
- Aerospace & Defense
- Other End-user Industries
By Region :
- North America
- Latin America
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