Medical X-ray Generators Market Size, Share, Growth, Trends | Report 2023-2032
The global medical X-ray generators market was surpassed at USD 2.08 billion in 2022 and is expected to hit around USD 3.44 billion by 2032, growing at a CAGR of 5.16% from 2023 to 2032.
Report Highlights
The unprecedented shift in lifestyle-associated habits coupled with increasing prevalence of chronic diseases is responsible for the rise in demand for accurate diagnostic tools, which is presumed to bolster the market growth. In addition, the global geriatric population base that is highly susceptible to developing these chronic diseases is anticipated to impel the demand for high-resolution imaging systems. This high requirement is effectively addressed by the use of medical X-ray generators, thus presenting the market with high growth potential throughout the forecast period. In addition, these devices lead to better patient outcomes, which include faster detection of disease conditions and improved patient safety profile. These associated benefits are expected to increase the overall adoption rate of medical X-ray generators over the coming years
Furthermore, technological advancements such as modification of the design of computer-controlled X-ray generator interface with imaging system result in better synchronization of the overall imaging system with X-ray generators. This has resulted in the application of medical X-ray generators in fluoroscopy, radiography, and angiography, thus widening the potential for growth during the forecast period. The outbreak of the COVID-19 pandemic led to a decline in research activities, the closure of universities and academic institutions, and a decline in clinical trial activities. The fear of virus spread also declined diagnostic or surgical activities at end-use settings. The economic crunch at hospitals, diagnostic centers, or clinics led to the reduced adoption of software and systems for non-invasive diagnosis. Thus, the pandemic led to a decline in the market in 2020.
| Report Coverage | Details |
| Market Size in 2022 | USD 2.08 billion |
| Revenue Forecast by 2032 | USD 3.44 billion |
| Growth rate from 2023 to 2032 | CAGR of 5.16% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segmentation | Type, application, region |
| Companies Covered | Spellman High Voltage Electronics Corporation; Siemens Healthineers; Communications & Power Industries LLC; DRGEM Corporation; Innomed Medical Zrt.; DMS Group LLC; ECORAY; Josef Betschart AG; Poskom Co. Ltd.; SEDECAL Neusoft Medical Systems; EMD Technologies; Nanning Yiju Medical Electronic Co. Ltd. |
Type Insights
The stationary segment held the largest share of over 65.03%, in terms of revenue, in 2022 as a consequence of the clinical urgency to incorporate the device for the large patient volume present that requires long-term treatment. Moreover, a consistent effort toward new product development by prominent companies globally is presumed to expand the base for growth.
The portable segment is expected to grow at a lucrative rate of 6.54% throughout the forecast period. The exponential growth of this segment can be attributed to the increasing inclination of healthcare professionals toward the devices at ambulatory centers. Portable medical X-ray generators offer benefits including easy installation in remote areas due to their low-density material, deeming them suitable for incorporation in confined and remote spaces.
Application Insights
The cardiovascular segment held a dominant share of over 17.05% in 2022 as a consequence of the growing prevalence of cardiovascular diseases and heart failures, which is presumed to bolster the demand for highly efficient diagnostic imaging tools. Moreover, the presence of government organizations, such as the Public Health Service, consistently striving for promoting monoenergetic X-ray imaging systems is presumed to provide the market with considerable potential for growth.
Dental applications are anticipated to expand at a lucrative rate of 7.85% over the forecast period owing to the growing geriatric population base and unhealthy lifestyles, which cause dental problems globally. Also, the growing inclination of the general population toward aesthetics is resulting in an increased demand for X-rays generators. These factors are presumed to be the significant factors responsible for widening the scope for growth during the forecast period.
Regional Insights
North America dominated the overall market with a revenue share of over 35.0% in 2022 owing to the high physician preference for radiographic diagnostic procedures due to the greater patient safety associated with these procedures. In addition, the presence of government initiatives promoting patient safety is responsible for market growth across this region. Medical devices that cannot be manufactured in different regions continue to present lucrative opportunities for U.S.-based medical X-ray device exporters. The U.S. captured a substantial share of the North American market in 2022. Consistent efforts by market players and government organizations to pass through the market barriers for sustained export opportunities will drive the market in this region.
Asia Pacific is anticipated to register a significant growth rate of 5.7% throughout the forecast period. This exponential growth is attributed to the expansion strategies and the high R&D investment by key players present in this region. Moreover, the availability of raw material parts at a relatively cheaper cost is contributing significantly to the growth in this region. The import, export, and trade pertaining to medical X-ray generators exert a major impact on the market in Europe. Moreover, the value of imported X-ray equipment, its accessories, and spare parts was found to be the highest in the medical device categories.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical X-ray Generators Market
5.1. COVID-19 Landscape: Medical X-ray Generators Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical X-ray Generators Market, By Type
8.1. Medical X-ray Generators Market, by Type, 2023-2032
8.1.1. Stationary
8.1.1.1. Market Revenue and Forecast (2019-2032)
8.1.2. Portable
8.1.2.1. Market Revenue and Forecast (2019-2032)
Chapter 9. Global Medical X-ray Generators Market, By Application
9.1. Medical X-ray Generators Market, by Application, 2023-2032
9.1.1. Cardiovascular
9.1.1.1. Market Revenue and Forecast (2019-2032)
9.1.2. Respiratory
9.1.2.1. Market Revenue and Forecast (2019-2032)
9.1.3. Mammography
9.1.3.1. Market Revenue and Forecast (2019-2032)
9.1.4. Orthopedics
9.1.4.1. Market Revenue and Forecast (2019-2032)
9.1.5. Dental
9.1.5.1. Market Revenue and Forecast (2019-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2019-2032)
Chapter 10. Global Medical X-ray Generators Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2019-2032)
10.1.2. Market Revenue and Forecast, by Application (2019-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2019-2032)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2019-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2019-2032)
10.2.2. Market Revenue and Forecast, by Application (2019-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2019-2032)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2019-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2019-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2019-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2019-2032)
10.3.2. Market Revenue and Forecast, by Application (2019-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2019-2032)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2019-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2019-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2019-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2019-2032)
10.4.2. Market Revenue and Forecast, by Application (2019-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2019-2032)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2019-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2019-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2019-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2019-2032)
10.5.2. Market Revenue and Forecast, by Application (2019-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2019-2032)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2019-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2032)
Chapter 11. Company Profiles
11.1. Spellman High Voltage Electronics Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Siemens Healthineers
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Communications & Power Industries LLC
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. DRGEM Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. abbot
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. DRGEM Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. DMS Group LLC
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. ECORAY
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Josef Betschart AG
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Poskom Co. Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers