Market by Type, Industry Vertical, and Regional Outlook | Forecast 2022-2028
An X-ray tube is a vacuum tube that converts electrical power to X-rays.
It is widely used across various industries, including manufacturing, aerospace
and defense, healthcare, food & beverage, and airport security.
According to Triton Market Research’s report, the Global X-ray Tube Market is likely to grow with a CAGR of 4.57% during the forecast
period 2022-2028. The market was valued at $2521.56
million in 2021 and is expected
to reach a revenue of $3470.77 million
by 2028.
Factors
such as growth in the manufacturing and healthcare industries drive the X-ray
tube market, contributing around 28.35% of the total market size. Several companies in the manufacturing sector
are enhancing their brand image by reducing product recalls. Quality control
procedures are among the important aspects within the manufacturing industry,
ensuring a product’s quality. In addition, numerous regulations demand quality
monitoring of the production process. In this regard, X-ray testing ensures
efficient quality control practices.
Further, the surge in diseases and increasing
healthcare expenditure is expected to expand the healthcare industry, simultaneously
driving the X-ray tube market.
This growth is mainly owing to their demand as a component in CT scan and
dental X-ray machines. Also, the increasing incidence of cancer and demand for
radiotherapy have soared the demand for X-ray tubes.
On the other hand, the major challenge impacting
the market is compliance with governmental regulations. As X-Rays are radioactive, regulators have
introduced laws that companies must comply with, especially in the medical
sector. The X-ray system production process also includes the registration of
establishments, device listing, and pre-market approval, adding to the legal
expenses. Hence, these factors are negatively impacting the X-ray tube market.
Portable
X-ray machines are beneficial during emergencies, which offers new
opportunities for manufacturers in the studied market. Wireless and mobile X-ray systems are gaining
traction as they are convenient and cost-effective, reducing the overall
waiting period.
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KEY GEOGRAPHIES COVERED:
• North America:
United States and Canada
• Europe: United
Kingdom, France, Germany, Spain, Italy, and Rest of Europe
• Asia-Pacific:
China, Japan, India, South Korea, ASEAN Countries, Australia & New Zealand,
and Rest of Asia-Pacific
• Latin America:
Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of
Middle East & Africa
SEGMENTATION ANALYSIS – X-RAY
TUBE MARKET:
• Market by Type:
o Rotating
Anode Tube
o Stationary
X-ray Tube
The stationary X-ray tube is estimated to
progress with the highest CAGR during the forecast period. This type of X-ray tube features a fixed anode
made of a copper block implanted with a tungsten insert. They are mostly
utilized for brief, low-dose studies such as pain management, needle insertion
or hand and foot specialties. They are also frequently employed in compact and
inexpensive models. Besides, stationary tubes are more energy-efficient since they
do not incorporate a cooling system. Therefore, they are used in dental X-ray
units, portable X-ray equipment, and portable fluoroscopy systems.
• Market by Industry Vertical:
o Manufacturing
o Healthcare
o Food
o Aerospace
& Defense
o Other
Industry Verticals
Manufacturing leads the market in terms of revenue. The need for quality control across the production line has been a significant factor driving the adoption of X-ray equipment for internal crack detections. Since X-ray radiation can penetrate engineered materials, inspection systems can capture and quantify concealed features. In order to reduce liability and enhance product quality, the automobile industry employs this X-ray technology as part of a growing need for Six Sigma quality assurance and product traceability. Further, manufacturing small components, such as nuts, bolts, and smaller pharmaceutical products, relies on stationary anode X-ray tubes as they are efficient for testing within smaller ranges.
COMPETITIVE LANDSCAPE:
The competitive
landscape helps dive into data about the key players in the X-ray tube market.
The strategic initiatives for each of the companies considered have been
covered in detail.
Acquisition (March 2022):
Canon Medical Systems Corporation
Canon Medical Systems acquired Nordisk Røntgen Teknik, a Danish medical
equipment manufacturer.
Product Launch (July 2022):
Dunlee (Philips Company Group)
Dunlee unveiled its new oncology bundles at the
2022 European Congress of Radiology, including X-ray tubes, X-ray flat panel
detectors, anti-scatter grids, and high-voltage cables.
KEY BENEFITS OF THE REPORT:
●
Triton Market Research has a collective experience of 25-30 years
in the industry, with its analysts and experts encompassing the most infallible
research methodology for its market intelligence and industry analysis.
●
Our research methodology helps in achieving a broader consensus of
the market size, shape, and industry trends within each industry segment.
●
The strategy adopted in designing the research methodology
includes the amalgamation of the information assembled from primary and
secondary sources, with the assistance of analytical tools to construct the
forecast and predictive models.
●
The scope of the market report comprises the current scenario of
the global X-Ray tube market, along with the detailed overview of the industry
outlook, market dynamics, segmentation analysis, regional outlook, and
competitive landscape for the period 2022-2028.
FAQs:
Q 1) Which is the
fastest-growing industry vertical in the X-ray tube market?
Aerospace & defense is the fastest-growing industry vertical in the
X-ray tube market.
Q 2) Which type of tube
captured the largest market share in the X-ray tube market in 2021?
In 2021, the rotating anode tube segment captured the largest market
share in the X-ray tube market.
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1. GLOBAL
X-RAY TUBE MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MAJOR
COMPONENTS OF X-RAY TUBES
2.1.1. ENVELOPE
2.1.2. CATHODE
2.1.3. ANODE
2.1.4. PROTECTIVE
HOUSING
2.2. KEY
INSIGHTS
2.2.1. TECHNOLOGICAL
INNOVATIONS IN THE MARKET
2.2.2. INCREASED
USAGE OF X-RAY TECHNOLOGY AT AIRPORT SECURITY
2.2.3. AUTOMOTIVE
MANUFACTURING IS A KEY SECTOR IN THE MARKET
2.3. IMPACT
OF COVID-19 ON THE X-RAY TUBE MARKET
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTES
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. INDUSTRY
COMPONENTS
2.7. VENDOR
SCORECARD
2.8. KEY
MARKET STRATEGIES
2.8.1. ACQUISITIONS
2.8.2. PRODUCT
LAUNCHES
2.8.3. PARTNERSHIPS
& AGREEMENTS
2.9. MARKET
DRIVERS
2.9.1. GROWING
NEED FOR QUALITY CONTROL IN THE MANUFACTURING INDUSTRY
2.9.2. INCREASED
DEMAND FROM THE HEALTHCARE INDUSTRY
2.9.3. GROWTH
IN THE AEROSPACE AND DEFENSE SECTOR
2.10. MARKET
CHALLENGE
2.10.1. STRICT
REGULATIONS IMPACTING THE MARKET
2.11. MARKET
OPPORTUNITIES
2.11.1. GROWING
DEMAND FOR MOBILE/WIRELESS X-RAY SYSTEMS
2.11.2. GROWTH
OPPORTUNITIES FROM THE FOOD & BEVERAGE INDUSTRY
3. GLOBAL
X-RAY TUBE MARKET OUTLOOK - BY TYPE
3.1. ROTATING
ANODE TUBE
3.2. STATIONARY
X-RAY TUBE
4. GLOBAL
X-RAY TUBE MARKET OUTLOOK - BY INDUSTRY VERTICAL
4.1. MANUFACTURING
4.2. HEALTHCARE
4.3. FOOD
4.4. AEROSPACE
& DEFENSE
4.5. OTHER
INDUSTRY VERTICALS
5. GLOBAL
X-RAY TUBE MARKET – REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY TYPE
5.1.2. MARKET
BY INDUSTRY VERTICAL
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY TYPE
5.2.2. MARKET
BY INDUSTRY VERTICAL
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. UNITED
KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY TYPE
5.3.2. MARKET
BY INDUSTRY VERTICAL
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH
KOREA
5.3.3.5. ASEAN
COUNTRIES
5.3.3.6. AUSTRALIA
& NEW ZEALAND
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY TYPE
5.4.2. MARKET
BY INDUSTRY VERTICAL
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY TYPE
5.5.2. MARKET
BY INDUSTRY VERTICAL
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. UNITED
ARAB EMIRATES
5.5.3.2. SAUDI
ARABIA
5.5.3.3. TURKEY
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. DUNLEE
(PHILIPS COMPANY GROUP)
6.2. GENERAL
ELECTRIC HEALTHCARE
6.3. CANON
ELECTRON TUBES & DEVICES CO LTD (CANON INC)
6.4. LAFCO
INDIA SCIENTIFIC INDUSTRIES
6.5. COMET
GROUP
6.6. MALVERN
PANALYTICAL LTD
6.7. OXFORD
INSTRUMENTS PLC
6.8. SIEMENS
HEALTHINEERS AG
6.9. VAREX
IMAGING CORPORATION
6.10. YXLON
INTERNATIONAL
6.11. GULMAY
6.12. SUPERIOR
X-RAY TUBE
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL X-RAY TUBE
MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: MAJOR AUTOMOTIVE
RECALLS IN HISTORY
TABLE 3: VENDOR SCORECARD
TABLE 4: GLOBAL X-RAY TUBE
MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: GLOBAL X-RAY TUBE
MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL X-RAY TUBE
MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA X-RAY
TUBE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA X-RAY
TUBE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA X-RAY
TUBE MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE X-RAY TUBE
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE X-RAY TUBE
MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE X-RAY TUBE
MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC X-RAY
TUBE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC X-RAY
TUBE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC X-RAY
TUBE MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 16: LATIN AMERICA X-RAY
TUBE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 17: LATIN AMERICA X-RAY
TUBE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 18: LATIN AMERICA X-RAY
TUBE MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 19: MIDDLE EAST AND
AFRICA X-RAY TUBE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 20: MIDDLE EAST AND
AFRICA X-RAY TUBE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 21: MIDDLE EAST AND
AFRICA X-RAY TUBE MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: SHARE OF
MANUFACTURING AS % OF GDP OF SOME EMERGING AND DEVELOPED COUNTRIES
FIGURE 4: GLOBAL X-RAY TUBE MARKET,
BY TYPE, 2021 & 2028 (IN %)
FIGURE 5: GLOBAL X-RAY TUBE
MARKET, BY ROTATING ANODE TUBE, 2022-2028 (IN $ MILLION)
FIGURE 6: GLOBAL X-RAY TUBE
MARKET, BY STATIONARY X-RAY TUBE, 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL X-RAY TUBE
MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 8: GLOBAL X-RAY TUBE
MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL X-RAY TUBE
MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 10: GLOBAL X-RAY TUBE
MARKET, BY FOOD, 2022-2028 (IN $ MILLION)
FIGURE 11: GLOBAL X-RAY TUBE
MARKET, BY AEROSPACE & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL X-RAY TUBE
MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL X-RAY TUBE
MARKET, BY REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 14: UNITED STATES X-RAY
TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 15: CANADA X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 16: UNITED KINGDOM
X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 17: GERMANY X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 18: FRANCE X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 19: SPAIN X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: ITALY X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: REST OF EUROPE
X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: CHINA X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: JAPAN X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: INDIA X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: SOUTH KOREA X-RAY
TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: ASEAN COUNTRIES
X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: AUSTRALIA & NEW
ZEALAND X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: REST OF
ASIA-PACIFIC X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: BRAZIL X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: MEXICO X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: REST OF LATIN
AMERICA X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: UNITED ARAB
EMIRATES X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: SAUDI ARABIA X-RAY
TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: TURKEY X-RAY TUBE
MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: SOUTH AFRICA X-RAY
TUBE MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: REST OF MIDDLE EAST
& AFRICA X-RAY TUBE MARKET 2022-2028 (IN $ MILLION)