Global X-ray Machine Manufacturing Market (2018 – 2023) research report is expected to register a CAGR of 6.8% over a five years forecast period. Additionally, X-ray Machine Manufacturing market report also examines the market by discussing market dynamics such as opportunities, threats, challenges, drivers, restrictions, and other trends of market. The growing adoption of multi-factor techniques is expected to aid the growth to X-ray Machine Manufacturing market, during the forecast period.
List of Key players operating in the Global X-ray Machine Manufacturing Market are –
- Carestream Health
- Fujifilm Holdings Corporation
- GE Healthcare
- Hitachi Medical Corporation
- Philips Healthcare
- Shimadzu Corporation
- Siemens AG
- Toshiba Medical Systems Corporation
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The global X-ray machine manufacturing market is expected to register a CAGR of 6.8% over the forecast period of 2018–2023. The scope of the market is limited to the stand along X-ray products offered by various vendors in the market.
The growth of the X-ray machine manufacturing market is significantly impacted by the continuous digitalization of X-ray systems and increasing healthcare investments in emerging regions. Increase in public and private funding for health insurance and expanding patient access to medical services are driving the demand for various medical devices, thereby influencing the demand for X-ray machines. Rising security concerns related to consecutive threat and activities, such as illegal arms shipping and drug trafficking, are other key factors driving the X-ray security screening systems, thereby contributing to the higher adoption rate of X-ray machines.
End-user Vertical Overview
Hospitals are adopting new procedures like trans-catheter aortic valve implantation (TAVI), where these procedures are performed using high-end mobile X-ray equipment. While under transportation, cargo containers represent the largest area of concern, in terms of vulnerability and security, as container shipping systems are likely to be targets of terrorist activities. With a huge global inventory of ports, securing and inspecting all these containers is a challenging task. The potential threat of smuggling of radiological bombs, weapons of mass destruction, transportation of terrorist operatives, and conventional explosive devices, will generate demand for X-ray screening systems, thereby increases the overall demand for X-ray machines.
Stationary X-ray Machines to Hold the Largest Share
Stationary X-ray machines have been in use for a long time, since the discovery of the first X-ray-based imaging and diagnostic system in both developed and emerging economies. The demand for stationary X-ray machines is impacted by the increasing adoption rate of portable systems, particularly handheld X-ray systems. Portable systems are expected to witness a high growth rate during the forecast period and are expected to outperform the stationary X-ray segment by 2022. There has been an increase in installations of various portable systems, particularly mobile systems, in hospitals, professional centers, and diagnostic laboratories, as these systems offer mobility and ease of use, over stationary systems, particularly for bedside imaging or home health care.
Regional Analysis of the Market
North America accounted for the largest share while Asia-Pacific is expected to witness the fastest growth. The demand in North America is mainly driven by the rising occurrence of various disorders, along with high awareness and affordability among people. Well-established healthcare infrastructure in the region and severe security regulations and measures adopted by the government increase the demand for X-ray machines. The growth of the market in the Asia-Pacific region can be attributed to the presence of geriatric population suffering from a range of disorders that require urgent diagnosis and effective treatments. The Middle East & African region is expected to witness considerable growth during the forecast period. The extensive investments in internal and homeland security technologies are likely to impact the demand for X-ray machines.
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Key Answers Catch in Analysis are:
– Which geographical region would have more demand for X-ray Machine Manufacturing product/services?
– What are the business strategies accepted by leading players in the X-ray Machine Manufacturing region-wise market?
– Which country would see the precipitous rise in CAGR & annual X-ray Machine Manufacturing growth?
– What is the ongoing & estimated X-ray Machine Manufacturing market size in the upcoming years?
– What is the X-ray Machine Manufacturing market possibility for long-term investment?
– What type of opportunity would the country provide for current and X-ray Machine Manufacturing market new players?
– What are the risk and challenges involved in X-ray Machine Manufacturing suppliers?
– What are the factors which would propel the demand for the X-ray Machine Manufacturing product in coming years?
– What is the impact study of numerous factors in the growth of the Global X-ray Machine Manufacturing market?
– What are the latest trends in the regional X-ray Machine Manufacturing market and how prosperous they are?
Reasons to Purchase X-ray Machine Manufacturing Market Report:
- The report analyses how stringent emission control norms will drive the global X-ray Machine Manufacturing market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major X-ray Machine Manufacturing market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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X-ray Machine Manufacturing Market Report TOC Includes:
- Overview of X-ray Machine Manufacturing market, scope of report and include research phases
- X-ray Machine Manufacturing market insight based on industry analysis and forecast analysis
- Covers market drivers, restraints and opportunity faced by market
- Market segmentation and analysis by product types and applications
- Regional market analysis based on market size, growth rate and forecast year
- Competitive analysis based on mergers and joint ventures
- Share recent development and strategies of current X-ray Machine Manufacturing market
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