X-Ray Tube Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.48 Billion |
| Market Size (2029) | USD 4.27 Billion |
| CAGR (2024 - 2029) | 4.19 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
X-Ray Tube Market Analysis
The X-ray Tube Market size is estimated at USD 3.48 billion in 2024, and is expected to reach USD 4.27 billion by 2029, growing at a CAGR of 4.19% during the forecast period (2024-2029).
- X-rays have found applications in security, metallurgy, non-destructive testing, and other industrial applications. Technological advancement is one of the primary factors driving the growth of the market studied. Over the past few decades, the application of X-rays has drastically expanded beyond the field of medicine.
- With electronic innovations, these systems' sizes have significantly decreased. With the availability of compact systems, X-ray machines are now used in various fields, such as airport security, baggage scanning, and metallurgical applications. In addition, increasing medical cases and accidental injuries worldwide are influencing the growth of the market studied.
- For instance, recently, Excillum launched its latest development-a new generation of high-resolution X-ray tubes. The Excillum NanoTube N3, initially available in 3 different versions, enables the world's best resolution up to 160 kV. The NanoTube N3 targets advanced industries' metrology and non-destructive testing (NDT) components, e.g., automotive, aerospace, medical, electronics, and semiconductor back ends.
- The pandemic scenario benefited medical and healthcare applications greatly. Several associations and governing bodies have globally established CT and X-ray imaging as a primary mode of examination to check a patient for the presence of COVID-19-related symptoms. According to Siemens Healthineers, the studies conducted by multiple researchers found that the X-ray examinations had a lower sensitivity for COVID-19-related lung shadowing of 25% to 69%.
- In the near future, the high-demand regions, such as Asia-Pacific and North America, are expected to revise their safety regulations, leading to stricter rules and industrial standards. This scenario also makes it hard for new players to enter the market. Therefore, stringent regulations and validatory guidelines restrain the market's growth.
X-Ray Tube Market Trends
This section covers the major market trends shaping the X-ray Tube Market according to our research experts:
Healthcare Sector Holds the Largest Market Share
- In the medical sector, dental applications that require smaller and shorter scans are found to be using stationary x-ray tubes for imaging. Oral conditions are the most common health issues, affecting an estimated 3.9 billion people worldwide, according to Listerine Professional.Therefore, in the dental sector, the primary demand for x-ray imaging, which does not require rotating anode x-ray tubes, is due to stationary tubes that are suitable for imaging purposes.
- Many advances in medical radiation equipment and techniques have been seen as a result of technological advancements and increased adoption of technology in the healthcare industry.Over the past few years, one of the significant advancements in interventional x-ray has been an increased focus on core and supporting technologies to provide high-quality, high-resolution images without a corresponding increase in radiation dose. This has been a key driver behind technology advancements such as Siemens' Artis Q, Philips' ClarityIQ technology, Q.zen technology, GE Healthcare's Image Guided Systems (IGS), and Toshiba's Infinix Elite product line.
- The medical devices industry is witnessing a growth in the number of imaging and diagnostic tests performed every year owing to various factors, such as an increasing focus on radiological diagnostic tests, rising chronic disease burdens, and the introduction of efficient X-ray devices through market consolidation and mergers.
- The number of people over the age of 65 is steadily increasing, according to UN data from the World Population Prospects.By 2050, the world's population aged 60 years and older is predicted to reach 2 billion, of which 80% may live in low- and middle-income countries. Hence, the rising geriatric population and the increasing number of orthopedic and cardiovascular procedures may further drive the adoption of X-ray tubes in medical applications.
- The x-rays are generated using the x-ray tubes, and in the pharmaceutical industry, these tubes are used with tungsten, especially when softer x-rays are required in mammography applications. The specialized x-ray sources used in the research are known as synchrotron radiation, generated by the radiation process in particle accelerators in which high-magnitude x-ray tubes are used.
North America Accounts for a Significant Share
- The United States is witnessing an increase in the geriatric population as well as a surge in the incidence of chronic diseases because of sedentary lifestyles and unhealthy eating habits. According to census data, as of July last year, 16.5% of the US population of 328 million people, i.e., 54 million, were over the age of 65. It is estimated that by 2030, the number will increase to 74 million. The number of people over the age of 85 is growing even faster. Moreover, rising medical infrastructure developments with the increase in medical facilities are expected to propel the demand for the medical X-ray tube market in America.
- For instance, EOS imaging, a medical device company, has installed its fourth EOS system at the Hospital for Special Surgery (HSS) in New York City, United States, which offers low-dose full-body, stereo-radiographic images of a patient in a functional position.
- Additionally, in the United States alone, over 30% of emergency department visits by the chronically ill are preventable, resulting in avoidable costs of over USD 9 billion each year. The rise in chronic diseases is pushing up the importance of screening techniques for the right and timely treatment and care. X-ray continues to play a vital role in chronic disease diagnosis, like diseases of the exocrine pancreas, lungs, bones, and abdomen.
- Also, the X-ray tube is being deployed significantly in the region for inspection purposes. According to the Drug Enforcement Administration (DFA), most of the fentanyl, heroin, and methamphetamine are trafficked across the southwest border. It is primarily smuggled into the United States through legal ports of entry, i.e., it comes within feet of the Customs and Border Protection (CBP) officer. Additionally, CBP has acknowledged that it currently scans only 2% of all private passenger vehicles and 16% of commercial vehicles at land borders.
- Airport security is also a major user of X-ray systems. For instance, recently, the TSA awarded an order worth USD 198 million to Analogic Corporation for the procurement of mid-sized computed tomography X-ray systems for TSA checkpoints.
X-Ray Tube Industry Overview
The presence of major players governs competitive rivalry in this industry. The market can attain a sustainable competitive advantage through innovation, owing to the growing need for differentiated products. For instance, in January 2022, Fortress Technology launched a new x-ray tube named raptor for food packs. The Raptor X-Ray inspects and rejects packaged meat, cheese, chilled, and confectionery products with metal, glass, wood, rubber, high-density plastic, stone, and calcified bones.
In May 2022, Aidoc, a provider of healthcare AI solutions, announced an agreement with Gleamer, a French MedTech company focused on using AI technology in radiology to integrate Gleamer's BoneViewsolution for X-rays. The onboarding of Gleamer's AI BoneViewX-ray solution aimed to expand Aidoc's venture into the X-ray modality.
In March 2022, Canon Medical Systems Corporation announced that it entered an agreement to acquire Nordisk Røntgen Teknik A/S, a Danish company with advanced technology for developing and manufacturing diagnostic X-ray systems. Through this acquisition, Canon Medical opened up access to European-based technology, development, and manufacturing for advanced imaging solutions.
In January 2022, Malvern acquired CreoptixAG in order to strengthen and expand its affinity offering. Creoptixis a kinetics measuring company that develops and manufactures analytical equipment, software, and consumables. By leveraging Malvern Panalytical'senormous client base, the partnership presents an exciting potential to quickly scale Creoptix'ssuperior technology in terms of speed and sensitivity.
X-Ray Tube Market Leaders
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Varex Imaging Corporation
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YXLON International
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Lafco India Scientific Industries
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Malvern Panalytical Ltd
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Proto Manufacturing
*Disclaimer: Major Players sorted in no particular order
X-Ray Tube Market News
- June 2022: Siemens Healthineers introduced Symbia Pro.specta, a CE-marked and FDA-cleared single-photon emission computed tomography/computed tomography (SPECT/CT) system with advanced SPECT and CT imaging technologies.
- April 2022: Viscom AG announced that it would present a selection of its latest microfocus X-ray tubes at Control in Stuttgart, Germany. Due to their flexibility, a previously unattainable spectrum of tasks can now be covered using the same X-ray source, from the inspection of small, filigree objects and time-optimized series inspections to the radiography of large and massive components.
- March 2022: Canon Medical Systems agreed to acquire Nordisk Röntgen Teknik (NRT), a Danish medical equipment manufacturer, to strengthen its global X-ray business. NRT develops, manufactures, and distributes advanced multipurpose X-ray fluoroscopy systems and general radiography systems. Canon Medical intends to use the acquisition to improve its technology, development, and manufacturing of advanced digital imaging solutions in Europe.
- February 2022: YXLON International launched YXLON UX 50. The product has been developed especially for the production environment, with a specific focus on the automotive and foundry industries. The availability of both line and/or flat-panel detectors is particularly suitable for CT analyses of large and dense parts, additionally offering the best results in digital radioscopy.
X-Ray Tube Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Technology Snapshot
4.4.1 Introduction
4.4.2 Major Components of X-ray Tube
4.4.2.1 Envelope
4.4.2.2 Cathode
4.4.2.3 Anode
4.4.2.4 Protective housing
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Technological Advancements
5.1.2 Increasing Demand for Healthcare Diagnostics
5.2 Market Restraints
5.2.1 Stringent Regulations and Validatory Guidelines
6. MARKET SEGMENTATION
6.1 Type
6.1.1 Rotating Anode Tube
6.1.2 Stationary X-Ray Tube
6.2 End-user Industry
6.2.1 Manufacturing
6.2.2 Healthcare
6.2.3 Food
6.2.4 Aerospace and Defense
6.2.5 Other End-user Industries
6.3 Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.2.4 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 Rest of Asia-Pacific
6.3.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Varex Imaging Corporation
7.1.2 YXLON International
7.1.3 Lafco India Scientific Industries
7.1.4 Malvern Panalytical Ltd
7.1.5 Proto Manufacturing
7.1.6 Oxford Instruments PLC
7.1.7 General Electric Company
7.1.8 Koninklijke Philips NV
7.1.9 Comet Group
7.1.10 Canon Electron Tubes & Devices Co. Ltd (CANON Inc.)
7.1.11 Siemens AG
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
X-Ray Tube Industry Segmentation
An X-ray tube is a device that produces X-rays while subjected to an electric charge. The equipment consists of four parts: an anode, a cathode, a glass envelope, and a protective housing. The electrodes are placed in a vacuum-sealed glass envelope, and the charge is passed through the device. The electrons emitted at the electrode travel in a vacuum to reach the opposite electrode, thus resulting in the emission of X-rays. Since their inception, the tubes have found various applications in several industries, although the medical industry has been the primary consumer of these devices.
The X-ray Tube Market is segmented by type (rotating anode tube, stationary X-ray tube), end-user industry (manufacturing, healthcare, food, aerospace, and defense), and geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments. The study also tracks key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates during the forecast period. The study analyzes the impact of the COVID-19 pandemic on the ecosystem.
| Type | |
| Rotating Anode Tube | |
| Stationary X-Ray Tube |
| End-user Industry | |
| Manufacturing | |
| Healthcare | |
| Food | |
| Aerospace and Defense | |
| Other End-user Industries |
| Geography | ||||||
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| Rest of the World |
X-Ray Tube Market Research FAQs
How big is the X-ray Tube Market?
The X-ray Tube Market size is expected to reach USD 3.48 billion in 2024 and grow at a CAGR of 4.19% to reach USD 4.27 billion by 2029.
What is the current X-ray Tube Market size?
In 2024, the X-ray Tube Market size is expected to reach USD 3.48 billion.
Who are the key players in X-ray Tube Market?
Varex Imaging Corporation, YXLON International, Lafco India Scientific Industries, Malvern Panalytical Ltd and Proto Manufacturing are the major companies operating in the X-ray Tube Market.
Which is the fastest growing region in X-ray Tube Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in X-ray Tube Market?
In 2024, the North America accounts for the largest market share in X-ray Tube Market.
What years does this X-ray Tube Market cover, and what was the market size in 2023?
In 2023, the X-ray Tube Market size was estimated at USD 3.34 billion. The report covers the X-ray Tube Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the X-ray Tube Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
X-Ray Tubes Industry Report
Statistics for the 2024 X-Ray Tubes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. X-Ray Tubes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
X-Ray Tubes Market Report Snapshots
