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Medical X-ray Generators Market Size Worth $2.3 Billion By 2025 | CAGR: 3.2%

The global medical x-ray generators market is expected to grow at growth rate of 3.2% to reach USD 2.3 billion by 2025.

Medical x-ray generators are primarily used to generate visual representations of the internal organs for therapeutic and diagnostic purposes. These generators act by modifying the voltage and the current, which is modulated to a desired level within an x-ray tube, to generate an X-Ray beam. This generator enables to convert electrical energy into x-rays within the X-ray tube. Increasing incidences of cardiovascular and respiratory disorders drive the global market significantly. Additionally, the introduction of technologically advanced devices coupled with rising investment by key players in this industry supports the overall industry growth. For example, in July 2016, Siemens launched a new range of radiology systems for new applications in MRI neuro examinations, abdominal areas, and orthopedics. Such introductions would, in turn, boost the uptake of these products for medical applications thus bolstering the market growth.

However, high cost and strict regulations to use these devices hamper the growth to some extent. In different countries, there are separate bodies that looking after the use of x-ray devices. For example, in Europe, manufacturing, marketing, and the overall quality of the x-ray-generators are regulated by the guidelines issued by the European Commission for diagnostic radiography.

Key Takeaways

The stationary segment is accounted for the highest share (more than 72%) of the global market
Portable devices are anticipated to grow with the highest growth rate (over 7%) owing to the growing demand for such products coupled with the advancement in technologies. These devices are increasingly used in emergency medicine and ambulatory centers.
The dental application will be the lowest revenue generating segment. Whereas, others include applications such as radiotherapy, angiography, and biopsy.
North America accounted for USD 565.1 million revenue and is projected to dominate the overall industry during the future period
Asia Pacific region is anticipated to grow with the highest CAGR over the forecast period. Increasing number of investment by key players coupled with favorable government initiatives drive the market demand in this region
Spellman HV Electronics, DRGEM Corporation, ECORAY, Nanning Yiju Medical Electronics, and EMD Technologies are some of the prominent players in this industry

KEY BENEFITS OF THE REPORT:

In-depth analysis of the key market dynamics
Granular analysis of the current market scenario and expected factors to affect the market
Detailed analysis of the geographic region, regional and county wise analysis
Highlight on the strategies that are being adopted by the key players in this market to stay competitive
Extensive analysis of the key players dominating the market

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY TYPE