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.