What Has Been The Evolution of the Industrial X Ray Tubes Market in Recent Years?
The industrial x ray tubes market has seen considerable growth due to a variety of factors.
• Significant growth has been observed in the industrial X ray tubes market over the past few years. The market is projected to escalate from $0.97 billion in 2024 to $1.05 billion in 2025, registering a compound annual growth rate (CAGR) of 7.8%.
The historical growth trend can be accredited to factors such as rising instances of venous diseases, preventive measures post-surgery, increase in the elderly population, need for hospitalization and bed rest, concentrated efforts to raise awareness of deep vein thrombosis, shift towards outpatient care, and orthopedic procedures.
How Will the Industrial X Ray Tubes Market?
The industrial x ray tubes market is expected to maintain its strong growth trajectory in upcoming years.
• Steady growth is projected for the industrial X ray tubes market in the upcoming years, with an expected increase to $1.35 billion by 2026, at a compound annual growth rate (CAGR) of 6.5%.
This projected growth can be credited to various factors such as the rise in ambulatory surgery, the increasing use in lymphedema management, a global focus on preventive healthcare, the influence of sports medicine and rehabilitation, awareness and educational initiatives, as well as collaborative efforts in healthcare delivery. The forecast period will also witness several emerging trends such as the domestic usage of ipc devices, incorporation of advanced technologies, personalized compression therapy, portable and wearable ipc solutions, applications in wound healing, and innovative developments in sequential compression patterns.
Which Factors Are Boosting Growth In The Industrial X Ray Tubes Market?
The burgeoning expansion of oil and gas pipelines is anticipated to fuel the development of the industrial X-ray tubes market. Oil and gas pipelines are essentially steel or plastic tubes laid below ground to transport or distribute petroleum products across regions, fortified with control devices like pumps and valves. Non-destructive testing (NDT) involving industrial X-ray tubes, tests and inspects the pipelines' features without damaging the original system's functionality. For example, in May 2022, the Energy Information Administration, a leading US energy data agency, reported the addition of around 7.44 Bcf/d (Billion cubic feet per day) of new natural gas pipeline, and above 0.43 Bcf/d of fresh natural gas pipeline capacity in Q1 2022 in the US. As a result of this surge in oil and gas pipelines, the industrial X-ray tubes market is experiencing growth.
Industrial X-Ray Tubes Market Driver: Increased Demand from Automotive Industry Fuels Industrial Laminating Machines Market Growth
What Key Areas Define The Segmentation Of The Global Industrial X Ray Tubes Market?
The industrial X-ray tubes market covered in this report is segmented –
1) By Type: Ceramic Tube, Glass Tube, Cermet Tube
2) By Application: Non-Destructive Testing, X-Ray Analysis, Coating Thickness Measurement
3) By End-User: Manufacturing, Healthcare, Food, Aerospace And Defense, Other End-Users
Subsegments:
1) By Ceramic Tube: Open-type Ceramic Tube, Sealed-type Ceramic Tube, High-voltage Ceramic Tube
2) By Glass Tube: Stationary Glass Tube, Rotating Anode Glass Tube, High-vacuum Glass Tube
3) By Cermet Tube: Low-power Cermet Tube, High-power Cermet Tube
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How Are New Trends Impacting The Size Of The Industrial X Ray Tubes Market?
Leading firms in the industrial X-ray tubes market are creating novel products like high-resolution X-ray tubes to boost their market profitability. These high-resolution X-ray tubes generate minuscule focal spots, the emission point of the X-rays, enabling the capture of high-resolution images. For example, in January 2023, Scanna-MSC, a private UK company that specializes in security screening and detection apparatus, introduced a fresh series of portable X-ray systems for industrial non-destructive testing (NDT). These systems, created to inspect equipment, products and components without inflicting damage, incorporate sturdy, portable digital radiography (DR) systems, perfect for tasks such as inspecting pipe welds and dismantling munitions. Portable X-ray systems, comprising of X-ray tubes, generators, and detectors, are crucial for damage-free inspection of materials and structures. They find extensive use across the aerospace, automotive and energy sectors for detecting problems like cracks, rust, and welding faults. By delivering more detailed and accurate imaging, innovative high-resolution X-ray tubes are pushing forward the industrial X-ray market, augmenting quality supervision and dependability in NDT applications.
Who Are the Key Players In The Industrial X Ray Tubes Market?
Major companies operating in the industrial x-ray tubes market report are:
• General Electric SE
• Toshiba Corporation
• Siemens Healthineers AG
• Baker Hughes Company
• Koninklijke Philips NV
• Ronghua Ltd.
• Varian Medical Systems Inc.
• Varex Imaging Corporation
• Comet Holding AG
• Oxford Instruments
• Lohmann X-ray GmbH
• Nrt Nordisk Rontgen Teknik A S
• Malvern Panalytical Ltd.
• Viscom AG
• Dunlee Inc.
• Canon Electron Tubes & Devices Co Ltd.
• Proto Manufacturing LLC
• Gulmay Inc.
• AXT Pty Ltd.
• Hangzhou Kailong Medical instrument Co Ltd.
• Lafco India Scientific Industries
• BMI Biomedical International Corporation
• IAE Sp.A
• Micro X-ray Inc.
• Superior X-Ray Tube Company
What Is The Most Dominant Region In The Industrial X Ray Tubes Market?
North America was the largest region in the industrial X-ray tubes market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial x-ray tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
