A vacuum tube that transforms electrical input power into X-rays is known as an X-ray tube. The X-ray tube consist of two principle components such as cathode and anode. X-ray tubes are widely used in applications such as CT scanners, X-ray crystallography, airport luggage scanners, material and structure analysis, and for industrial inspection. A surge in the demand for high-performance CT scanning and angiography systems has encouraged development of very high performance medical X-ray tubes. 

MARKET DYNAMIC - GLOBAL X-RAY TUBE MARKET

The global X-ray tube market has been seeing ample growth from the past few decades. The growth of the market is primarily driven by surge in the use of X-ray tubes in various medical imaging devices such as CT scan machines and portable X-ray machines. Likewise, factors such as surge in the adoption medical imaging devices in several end use applications for the treatment and the diagnosis of a number of diseases, growing investments in the diagnostic equipment, increasing prevalence of chronic diseases such as cancer, cardiovascular, and respiratory diseases, ongoing technological advancements in the X-ray machines as well as X-ray tubes and rapid growth in the global medical device industry are expected to improve growth of the market during the estimated timeframe.

Nevertheless, stringent regulations by the FDA for the designing and manufacturing of the X-ray tubes is major restraining factor that could hamper the growth of the market. 

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X-RAY TUBE MARKET SEGMENTAL OVERVIEW

The study analyses global X-ray tube market based on type, end user and geography. 

X-RAY TUBE MARKET BY TYPE

Based on type, cathode-based X-ray tube segment dominated the market the past years and is likely to maintain its dominance during the forecast period. Cathode-based X-ray tube segment is further categorized into Crookes tube (cold cathode tube) and Coolidge tube (hot cathode tube). However, anode-based X-ray tube is projected to witness fast growth during the forecast period. Anode-based X-ray tube segment is further segmented into rotating and stationary anode tube. The rising use of rotating anode X-ray tubes in applications such as, angiography, mammography, and computed tomography is likely to propel market growth.

X-RAY TUBE MARKET BY END USER

Based on end user the market is segmented into healthcare, aerospace and defense, manufacturing, food, and others. The healthcare segment is expected to witness fast growth during the forecast period. An increasing use of X-ray tubes in variety of medical imaging devices that used in hospitals and other healthcare settings such as diagnostic centers is accredited to the growth of this segment. These medical imaging device includes CT scan machines, mammography machine, portable x-ray machines, fixed position x-ray machines, c-arm x-ray machines, and fluoroscopy units among others. 

X-RAY TUBE MARKET BY GEOGRAPHY

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global X-ray tube market and is likely to dominate the market over the estimated time frame. The key factors attributed to the growth of the market in NA region are presence of well-established medical infrastructure, healthcare industry, and medical facilities, growing elderly population and rising prevalence of chronic diseases in the economies such as United States and Canada. In addition, massive presence of several leading medical technology market players and rapid growth in the medical devices market are further supporting the growth of the market in the region.

X-RAY TUBE MARKET KEY PLAYERS

The major key players of market includes BMI Biomedical International, Control-X medical Ltd, Varian Medical Systems, IAE Sp.A, Micro X-ray, Varex Imaging Corporation, Lohmann X-ray, Siemens Healthcare GmbH, Canon Electron Tubes Devices Co. Ltd, Comet Group, Koninklijke Philips, General Electric Company, Malvern Panalytical, Dunlee, and Toshiba Electron among others.

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