Kenneth Research recently added a report on ‘Medical X-Ray Tube Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Medical X-Ray Tube Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis 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) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical X-Ray Tube Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) 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.
According to Azoth Analytics research report “Global Medical X-Ray Tube Market: Analysis By Type (Rotating Anode Tube, Stationary X-Ray Tube), By Application (Dental Imaging, Radiography, CT Scanner, Mammography System), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country (U.S, Canada, Germany, U.K, Japan, China, India, Brazil)”, global market is projected to display a subtle growth represented by a CAGR of 3.60% during 2019 – 2024.
Over the recent years, global medical x-ray tube market has been witnessing growth, on account of several driving factors including increase in geriatric population and surge in incidence of chronic diseases due to sedentary lifestyle and unhealthy eating habits. Moreover, rising medical infrastructure developments with increase in medical facilities is expected to propel the demand for medical x-ray tube market. In this research report, the market is segmented on the basis of product type as well as application. By Product Type, the segment of rotatory anode medical x-ray tube is predicted to hold its dominant position in the market in the historic as well as forecast period. Amongst the regions, North America accounts for the largest regional share, by value in the global medical x-ray tube market in 2018. However, Asia Pacific is predicted to advance at the highest rate. Presence of vast consumer base, particularly in emerging nations such as China and India, in addition to growing per capita expenditure on healthcare is likely to drive the regional market.
The report titled “Global Medical X-Ray Tube Market: Analysis By Type (Rotating Anode Tube, Stationary X-Ray Tube), By Application (Dental Imaging, Radiography, CT Scanner, Mammography System), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country (U.S, Canada, Germany, U.K, Japan, China, India, Brazil)” has covered and analyzed the potential of global medical x-ray tube market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global medical x-ray tube market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Medical X-Ray Tube Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Global Medical X-Ray Tube Market – Size, Growth and Forecast
• By Product Type (Rotatory Anode Medical X-Ray Tube and Stationary Anode Medical X-Ray tube)
• By Type of Application (Dental imaging, Radiography, CT Scanner and Mammography System)
Regional Markets – North America, Europe, Asia Pacific, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Medical X-Ray Tube Market – Size, Growth and Forecast
• By Product Type (Rotatory Anode Medical X-Ray tube and Stationary Anode Medical X-Ray Tube)
• By Type of Application (Dental imaging, Radiography, CT Scanner and Mammography System)
Country Analysis – US, Canada, UK, Germany, China, Japan, India, Brazil (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Medical X-Ray Tube Market– Size, Growth and Forecast
• By Product Type (Rotatory Anode Medical X-Ray Tube, Stationary Anode Medical X-Ray Tube)
• By Type of Application (Dental imaging, Radiography, CT Scanner and Mammography System)
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• Policy and Regulatory Landscape
• Company Analysis – Oxford Instruments, Hitachi Ltd., Siemens, Raymax Medical, Varex, Hangzhou Wandong Electron Co. Ltd., Hangzhou Kailong Medical Instruments Co. Ltd., Dunlee, General Electrics, IAE.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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