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The Global X-Ray Tube Market Evaluated to Progress at $3470.77 Million by 2028

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The Global X-Ray Tube Market Evaluated to Progress at $3470.77 Million by 2028

June 08
14:56 2021
The Global X-Ray Tube Market Evaluated to Progress at $3470.77 Million by 2028

X-Ray Tube Market
As per Triton’s research report, the global x-ray tube market gathered $2123.71 million in 2020, and is forecasted to grow at a CAGR of 4.67% by 2028.

A recent study by Triton Market Research titled ‘Global X-Ray Tube Market’ includes the Global Analysis and Forecasts by Type (Rotating Anode Tube, Stationary X-Ray Tube), Industry Vertical (Manufacturing, Food, Healthcare, Aerospace & Defense, Other Industry Verticals), and by Geography (North America, Asia-Pacific, Europe, Latin America, Middle East and Africa).   

An x-ray tube is a vacuum tube that helps convert electrical power into x-rays, and is widely used in multiple industries, including healthcare.  

Request Free Sample of the Global X-Ray Tube Market Report @ https://www.tritonmarketresearch.com/reports/x-ray-tube-market#request-free-sample

Triton’s research report suggests that the global x-ray tube market is likely to advance at a CAGR of 4.67% through the estimated years 2021-2028. Also, it is anticipated to attain revenue worth $3470.77 million by 2028.

Over the years, the surge in medical illness and fatal accidents have increased the demand for x-ray machines in the healthcare sector. For instance, as per WHO, approximately 1.35 million people are killed because of road accidents. This increases the need for x-ray machines for treating patients, which increases the need for x-ray tubes. Additionally, the surge in cancer treatment spending is also estimated to increase the demand for x-ray tubes. Hence, the healthcare industry’s growing demand is driving the expansion of the x-ray tube market globally. However, strict regulations for the manufacturing of x-ray tubes are limiting the growth of the x-ray tube market. 

The market for x-ray tube is bifurcated into type and industry vertical. Based on type, the market is divided into rotating anode tube and stationary x-ray tube. In terms of industry vertical, it is sectioned into manufacturing, food, healthcare, aerospace & defense, and other industry verticals. 

Geographically, the Asia-Pacific is likely to experience the fastest growth rate in the x-ray tube market over the assessed period. The rising population base required healthcare services are supplementing the growth of the reviewed market. Moreover, several other end-user industries are showcasing promising development, which might influence the demand for x-ray tubes for various applications. Hence, the growing demand from healthcare industries, along with favorable growth trends in other end-user industries, is likely to fuel the growth of the x-ray tube market across the APAC region. 

Dunlee (Philips Company Group), Comet Group, Canon Electron Tubes & Devices Co Ltd, Lafco India Scientific Industries, Varex Imaging Corporation, Siemens Healthineers AG, Superior X-Ray Tube, Oxford Instruments Plc, Malvern Panalytical Ltd, Yxlon International, Gulmay, and General Electric Healthcare are major firms engaged in the x-ray tube market.    

Purchase this Report @ https://www.tritonmarketresearch.com/reports/x-ray-tube-market#purchase-option

 

Question & Answer: X-Ray Tube Market

Question 1: What factor is driving the expansion of the x-ray tube market globally?

Answer: Over the years, the surge in medical illness and fatal accidents have increased the demand for x-ray machines in the healthcare sector. For instance, as per WHO, approximately 1.35 million people are killed because of road accidents. This increases the need for x-ray machines for treating patients, which increases the need for x-ray tubes. Additionally, the surge in cancer treatment spending is also estimated to increase the demand for x-ray tubes. Hence, the healthcare industry’s growing demand is driving the expansion of the x-ray tube market globally. 

Question 2: What factors are limiting the growth of the x-ray tube market?

Answer: Strict regulations for the manufacturing of x-ray tubes are limiting the growth of the x-ray tube market. 

Question 3: Which region is likely to experience the fastest growth rate in the x-ray tube market?

Answer: Geographically, the Asia-Pacific is likely to experience the fastest growth rate in the x-ray tube market over the assessed period. The rising population base required healthcare services are supplementing the growth of the reviewed market. Moreover, several other end-user industries are showcasing promising development, which might influence the demand for x-ray tubes for various applications. Hence, the growing demand from healthcare industries, along with favorable growth trends in other end-user industries, is likely to fuel the growth of the x-ray tube market across the APAC region.  

Question 4: Which are the major firms engaged in the x-ray tube market?

Answer: Dunlee (Philips Company Group), Comet Group, Canon Electron Tubes & Devices Co Ltd, Lafco India Scientific Industries, Varex Imaging Corporation, Siemens Healthineers AG, Superior X-Ray Tube, Oxford Instruments Plc, Malvern Panalytical Ltd, Yxlon International, Gulmay, and General Electric Healthcare are major firms engaged in the x-ray tube market.    

 

Related Report:

Global Dental Diagnostic and Surgical Equipment Market 

The global dental diagnostic and surgical equipment market is assessed to progress at a CAGR of 6.48% during the period of 2019-2027, while attaining $13512.59 million in revenue by 2027.

Dental diagnostics and surgical equipment are majorly used for diagnosing and treating dental problems, including dental caries, tooth decay, and periodontitis, among others. 

The surge in the number of dental clinics, technological advancements, and increase in medical tourism, are key factors majorly promoting the development of the studied market. Additionally, the increase in the geriatric population, along with the surge in cosmetic dentistry, are creating new opportunities for the dental diagnostic and surgical equipment market over the forecast period. 

However, certain factors, such as reimbursement issues, high cost of development, and expensive dental procedures, are negatively affecting the global market’s future growth. 

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