X-ray Machine Manufacturing Market Report by Product Type (Stationary, Portable), Technology (Analog, Digital), End User (Healthcare, Transportation and Logistics, Government, and Others), and Region 2024-2032
The global X-ray machine manufacturing market size reached US$ 15.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 24.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.87% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 15.8 Billion
Market Forecast in 2032
US$ 24.3 Billion
Market Growth Rate 2024-2032
4.87%
X-ray refers to an imaging test that can detect bone deformities and eliminate cancerous cells in radiation therapy by generating images of structures and tissues in the body. X-ray machines are made from two main components, which include an image detection system and X-ray generator. Amongst these, an X-ray generator is made from a tube, high voltage generator, control console, and cooling system. The manufacturing of these machines involves the use several high-precision components, such as rotors and anode cans. Producers mainly use the deep drawing process, which begins by pressing of a standard metal sheet into a cup of die with a high-pressure pressing machine. Other than the healthcare industry, x-ray machines are largely used in security applications across airports, financial institutes, and train stations.
X-Ray Machine Manufacturing Market Trends:
The increasing prevalence of respiratory, genitourinary, cardiovascular, and gastrointestinal disorders, particularly amongst the aging population, is primarily driving the growth of the global x-ray machine manufacturing market. Additionally, there has been a rise in investments in the research and development (R&D) of advanced diagnostic machines, which is contributing to the market growth. For instance, market players are producing 3-D color x-ray to generate cleaner and more accurate images for improved diagnosis. Other than this, a significant rise in security concerns due to threats and illegal activities, such as drug trafficking and illegal shipping of arms, is further fuelling the growth of the market. Moreover, since the onset of the coronavirus disease (COVID-19) outbreak, governments of various nations have been undertaking several initiatives to improve the healthcare infrastructure. This, in turn, is creating a positive outlook for the x-ray machine manufacturing market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global X-ray machine manufacturingmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, technology and end user.
Breakup by Product Type:
Stationary
Portable
Breakup by Technology:
Analog
Digital
Breakup by End User:
Healthcare
Transportation and Logistics
Government
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allengers Group, Canon Inc., Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hindrays, Hitachi Ltd., Narang Medical Limited, Shimadzu Corporation, Siemens AG and Vision Medicaid Equipments Private Limited.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product Type, Technology, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Allengers Group, Canon Inc., Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hindrays, Hitachi Ltd., Narang Medical Limited, Shimadzu Corporation, Siemens AG and Vision Medicaid Equipments Private Limited
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global X-ray machine manufacturing market was valued at US$ 15.8 Billion in 2023.
We expect the global X-ray machine manufacturing market to exhibit a CAGR of 4.87% during 2024-2032.
The high prevalence of various orthopedic ailments, along with the advent of 3-D color x-ray to generate more accurate images for improved diagnosis, is primarily driving the global X-ray machine manufacturing market.
The sudden outbreak of the COVID-19 pandemic had led to a severe decline in hospital or clinic visits for mitigating the risk of the coronavirus infection, thereby limiting the demand for X-ray machines.
Based on the product type, the global X-ray machine manufacturing market can be segmented into stationary and portable, where stationary X-ray machine currently holds the majority of the total market share.
Based on the technology, the global X-ray machine manufacturing market has been divided into analog and digital. Currently, digital technology exhibits a clear dominance in the market.
Based on the end user, the global X-ray machine manufacturing market can be categorized into healthcare, transportation and logistics, government, and others. Among these, the healthcare sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global X-ray machine manufacturing market include Allengers Group, Canon Inc., Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hindrays, Hitachi Ltd., Narang Medical Limited, Shimadzu Corporation, Siemens AG, and Vision Medicaid Equipments Private Limited.
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