In a recent published report, Kenneth Research has updated the X-Ray Equipment Market report for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for X-Ray Equipment Market Products.
Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10083973
The Indian medical devices market is largely dependent on imports from foreign countries. In such a sector, domestic manufacturers of x-ray equipments have managed to not only carve a space for themselves in the market, but also export their products to other countries and earn high revenues. The market is currently dominated by analog models but is expected to shift towards digital models in coming years. The growing target base of consumers will boost sales and the market is expected to exhibit steady growth in future.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The report provides a snapshot of the x-ray equipment market. It begins with a section on the major macro economic indicators of India, highlighting the present economic scenario prevalent in the country. It is followed by the introduction section which briefly discusses the uses and functions of x-ray equipments. It also includes a brief description of the various types of x-ray machines and provides a comparative analysis of the major diagnostic imaging modalities. This is followed by the market overview section which provides an insight into the market and highlights the market size and growth of x-ray equipments in the country, both for the overall market and for the individual segments. Export and import figures for x-ray equipments, both in terms of volume and value have been provided in the next section. This section also includes the regional break-up of the imports and exports.
Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10083973
An analysis of the drivers explains the factors leading to the growth of the market. This includes increasing number of hospitals and diagnostic centers, rising incidence of injuries, increasing number of osteoporosis patients, advancements in technology and innovation, and convenient and time saving features. The main challenges to the market are the hazardous radiation effects and poor after sales service. The government regulations section describes some of the regulatory steps taken by the government which include the installation procedure, personnel requirements and duties, and safety measures.
The competitive landscape section provides an overview of the competitive scenario in the industry and includes detailed profiles of the major players in the market. It begins with the Porter’s Five Forces Analysis, which illustrates the competitive rivalry, bargaining power of suppliers and buyers and threat of new entrants and substitutes. It also includes competitive benchmarking of the top players operating in the Indian x-ray equipment market. The report provides profiles of the major domestic and foreign players in the market and a snapshot of their financial performance along with the key financial ratios, business highlights, their product portfolio and SWOT analysis, thus providing an insight into the existing competitive scenario.
A section providing strategic recommendations has been added at the end of the report which gives effective solutions to existing and potential players for improving their market share and increasing their profitability.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
Request for Full Report: –https://www.kennethresearch.com/sample-request-10083973
About Kenneth Research:
Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.
Contact Us
Name: Kenneth research
Email: sales@kennethresearch.com
Phone: +1 313 462 0609