PUBLISHER: IMARC | PRODUCT CODE: 1702243
PUBLISHER: IMARC | PRODUCT CODE: 1702243
The global X-ray machine manufacturing market size was valued at USD 16.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 25.4 Billion by 2033, exhibiting a CAGR of 4.63% during 2025-2033. North America currently dominates the market, holding a significant market share of over 35.8% in 2024. This dominance is driven by advancements in healthcare infrastructure, adoption of innovative imaging technologies, and increased demand for diagnostic and therapeutic solutions.
X-ray refers to an imaging test that can detect bone deformities and eliminate cancerous cells in radiation therapy by generating images of structures and tissues in the body. X-ray machines are made from two main components, which include an image detection system and X-ray generator. Amongst these, an X-ray generator is made from a tube, high voltage generator, control console, and cooling system. The manufacturing of these machines involves the use several high-precision components, such as rotors and anode cans. Producers mainly use the deep drawing process, which begins by pressing of a standard metal sheet into a cup of die with a high-pressure pressing machine. Other than the healthcare industry, x-ray machines are largely used in security applications across airports, financial institutes, and train stations.
The increasing prevalence of respiratory, genitourinary, cardiovascular, and gastrointestinal disorders, particularly amongst the aging population, is primarily driving the growth of the global x-ray machine manufacturing market. Additionally, there has been a rise in investments in the research and development (R&D) of advanced diagnostic machines, which is contributing to the market growth. For instance, market players are producing 3-D color x-ray to generate cleaner and more accurate images for improved diagnosis. Other than this, a significant rise in security concerns due to threats and illegal activities, such as drug trafficking and illegal shipping of arms, is further fuelling the growth of the market. Moreover, since the onset of the coronavirus disease (COVID-19) outbreak, governments of various nations have been undertaking several initiatives to improve the healthcare infrastructure. This, in turn, is creating a positive outlook for the x-ray machine manufacturing market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allengers Group, Canon Inc., Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hindrays, Hitachi Ltd., Narang Medical Limited, Shimadzu Corporation, Siemens AG and Vision Medicaid Equipments Private Limited.