PUBLISHER: Inkwood Research | PRODUCT CODE: 1580568
PUBLISHER: Inkwood Research | PRODUCT CODE: 1580568
The North America X-ray tube market is anticipated to grow with a CAGR of 4.60% over the forecast period of 2024-2032. The market was valued at $1010.03 million in 2023 and is expected to reach a revenue of $1516.54 million by 2032.
The North America X-ray tube market is experiencing significant growth, driven by the increasing need for quality control in the manufacturing industry, rising demand from the healthcare sector, and expansion in the aerospace and defense industry. In manufacturing, X-ray tubes play a critical role in ensuring product integrity and compliance with stringent quality standards. Meanwhile, the healthcare industry relies heavily on X-ray imaging for diagnostics, further propelling the demand for X-ray tubes. Additionally, advancements in aerospace and defense technologies require precision imaging and inspection, which fuels further growth in the X-ray tube market across the region.
REGIONAL ANALYSIS
The North America X-ray tube market growth evaluation entails the assessment of the United States and Canada. In the United States, the growing prevalence of chronic conditions, largely due to unhealthy eating habits and sedentary lifestyles, coupled with an aging population, is driving demand for medical diagnostics. This has led to an increasing number of healthcare facilities and significant advancements in medical infrastructure, further boosting the adoption of X-ray tubes.
For instance, in 2019, EOS Imaging, a global medical equipment company, installed its fourth EOS system at the Hospital for Special Surgery (HSS) in New York City. This system offers low-dose, full-body stereo-radiographic images of patients in functional positions, allowing for the production of both two-dimensional (2D) and three-dimensional (3D) orthopedic images, aiding doctors in diagnosing and treating conditions affecting the hips, knees, and spine.
Likewise, in Canada, X-ray tubes are widely used in diagnostic imaging applications, with the healthcare sector being highly fragmented and distribution dominated by major medical equipment distributors. This landscape provides global manufacturers with strong sales opportunities for X-ray tubes. These factors, combined with advancements in healthcare, are expected to offer vital growth opportunities for the North America X-ray tube market in the coming years.
SEGMENTATION ANALYSIS
The North America X-ray tube market segmentation incorporates the market by type and end-user. The end-user segment is further divided into manufacturing, healthcare, food, aerospace & defense, and other end-users. X-ray tubes are playing an increasingly important role in the food industry, where they are used to ensure the safety and quality of food products by detecting foreign objects such as metal, glass, or plastic in packaged goods.
This technology helps prevent potential health risks for consumers and is becoming more crucial as food safety regulations tighten and consumer awareness about product quality grows. As a result, the demand for X-ray inspection systems in the food sector is expected to rise. Companies are investing in advanced X-ray technologies to strengthen their quality control processes, not only safeguarding public health but also preserving brand integrity.
In the aerospace sector, X-ray tubes are essential for non-destructive testing (NDT) of aircraft components and structures. These tubes allow engineers to examine internal flaws and assess the structural integrity of parts without causing any damage. With the growing complexity of aerospace materials and designs, the need for precise and reliable inspection methods has become critical. X-ray technology offers an effective solution for evaluating vital components, ensuring safety, and meeting rigorous regulatory requirements. As India's aerospace industry continues to grow, the demand for X-ray tubes is poised to increase substantially.
In the defense sector, X-ray tubes are key to security and surveillance applications, particularly in baggage and cargo scanning systems used to detect weapons, explosives, and other contraband. With rising security concerns in India, the defense industry is placing greater emphasis on advanced detection technologies, including X-ray systems. These technologies play a crucial role in enhancing national security and supporting law enforcement efforts to ensure public safety. As security initiatives intensify, the demand for X-ray tubes in the defense industry is set to grow further.
Some of the eminent companies operating in the North America X-ray tube market include Siemens Healthineers AG, Superior X-Ray Tube, Varex Imaging Corporation, etc.
Varex Imaging Corporation designs and manufactures critical components for X-ray-based imaging equipment, including X-ray tubes, digital detectors, linear accelerators, and image processing software. It operates in two segments: industrial and medical. The industrial segment offers products like Linatron accelerators and digital detectors used in security, non-destructive testing, and inspection. The medical segment provides X-ray components and software for radiographic applications, including CT, mammography, oncology, and dental imaging. Varex Imaging Corporation is headquartered in Salt Lake City, Utah, United States.