Global Medical X-Ray Tube Market to Witness 3.6% CAGR Over 2019-2024

July 28, 2020

According to the research report titled ‘Global Medical X-Ray Tube Market: Analysis By Type, By Application , By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- By Region (North America, Europe, APAC, ROW), By Country, available with Market Study Report LLC, global medical x-ray tube market is expected to showcase a y-o-y growth rate of 3.60% during 2019-2024.

Growing geriatric population in consort with increase in cases of chronic diseases because of sedentary lifestyle and unhealthy eating habits are driving the growth of global medical x-ray tube market. Moreover, improving medical infrastructure along with establishment of numerous medical facilities is expected to fuel the demand for medical x-ray tubes in the coming years.

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With regards to application spectrum, the market is divided into radiography, dental imaging, CT scanner, and mammography system. Based on product type, global medical X-ray tube market is segmented into stationary X-ray tube and rotatory anode tube. Among these, rotary anode medical x-ray tube segment generated notable revenues in the recent past and is expected to continue the trend through 2024.

Regionally, worldwide medical X-ray tube industry is bifurcated into Europe, Asia Pacific, North America, and rest of the world. North America was a major contributor to the market share in 2018. While, Asia-Pacific market is expected to witness substantial growth rate during the forecast period owing to presence of large customer base in emerging countries and rising per capita expenditure on healthcare.

Key players operating in global medical x-ray tube market are Hangzhou Wantong Electron Co. Ltd., Hitachi Ltd., Dunlee, Siemens, Raymax Medical Corp., Hangzhou Kailong Medical Instruments Co. Ltd., General Electric, IAE, Varex, and Oxford Instruments among others.
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