Global X-ray Tube Market Report and Forecast 2024-2032

Global X-ray Tube Market Outlook

The global X-ray tube market size was valued at USD 3.20 billion in 2023, driven by the rising demand for X-ray tubes from the medical sector. The market is projected to grow at a CAGR of 4.2% during the forecast period 2024-2032 to reach a value of USD 4.63 billion by 2032.

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Medical Applications of X-ray Tubes are Boosting the Market Growth

The market is being driven by the rising demand for X-ray tubes from the medical sector. The rise in prevalence of chronic diseases like cancer and cardiovascular diseases are augmenting the demand for body imaging for timely detection and treatment. The market growth can also be associated with the rise in number of diagnostic centres established to identify bone-related disorders such as fractures and weakening of bones, among others. Furthermore, the market has been benefitting from the rising use of X-ray machines to detect the presence of the COVID-19 virus inside the body cavity. Several hospitals and diagnostic centres have installed X-ray and CT imaging as a primary mode of diagnosis to check the severity of the infection. Further, rising advancements such as the interventional X-ray to provide high-quality, high-resolution images, has been further favouring the demand for the product in healthcare applications, thereby boosting the market growth of X-ray tube.

X-Ray Tube: Market Segmentation

X-ray tube, also known as roentgen tube, refers to a vacuum tube that converts electrical input power into X-rays by accelerating electrons to a high velocity with a high-voltage field.

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On the basis of type, the market can be divided into:

• Rotating Anode Tube
• Stationary X-Ray Tube

The market, based on end use, can be categorised into:

• Manufacturing
• Healthcare
• Food
• Aerospace and Defence
• Others

The EMR report looks into the regional markets of X-ray tube like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Use of X-ray machines to Promote Security is Augmenting the Market Growth of X-ray Tube

The market growth of X-ray tube can be associated with the rising deployment of X-ray machines in high-security areas, such as airports, railway stations, subways, and hotels, among others, to promote security and detect the entry of contrabands. Rising investments in the X-ray technology with reduction in machine sizes, incorporation of wireless technology, and cloud-based storage systems are further enhancing the growth of the market. Moreover, technological progressions in X-ray tube dimensions, in addition to the improvements aiding in high quality and high-resolution images are some of the factors advantageously influencing the market growth of X-ray tube.

Key Industry Players in the Global X-ray Tube Market

The report presents a detailed analysis of the following key players in the global X-ray tube market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Varex Imaging Corporation
• Malvern Panalytical Ltd.
• Oxford Instruments plc.
• Siemens Healthineer AG
• Canon Electron Tubes and Devices Co. Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report