Medical X-Ray Generators Market Analysis By Type, By Application, By Technology, By Product Type, By End User & Forecast 2023-2032

In 2021, the market for Medical X-Ray Generators worldwide was worth $0.52 billion US dollars. AMR Group projects that the market will reach US$ 1.2 billion by 2031, growing at a CAGR of 5 percent between 2022 and 2031.

Industry Overview
An X-ray generator is a machine that produces X-rays. An X-ray generator is a device that generates high voltage between the anode and the cathode. A transformer can be used to generate high voltage from a low voltage, alternating current (AC) supply. It is used in a variety of applications, including medicine, electronic assembly inspection, X-ray fluorescence, and material thickness calculation in manufacturing processes, when coupled with an X-ray detector. Besides this, radiographers use X-ray generators in clinical applications to obtain x-ray images of organisms' structures, such as bones, as well as during sterilization. Moreover, such machines offer better outcomes for patients, including rapid disease diagnosis, and improve the organizational safety profile. In the coming years, the related advantages are anticipated to enhance the overall market penetration of these x-ray generators.

The image in medical x-ray is created using a screen-film system, a CR recorder, and digital detectors. Analog x-ray systems were broadly used in the past as they were less costly than others. Currently, existing analogue x-ray systems in hospital facilities are being reconfigured to digital x-ray systems via modernize solutions. Adoption of digital x-ray systems is due to recent advancements in x-ray systems, which include faster image transfer, reduced radiation frequency than analogue systems, safety, and better image quality than analogue systems. X-ray systems are used in a variety of applications, including oncology, dentistry, cardiovascular, musculoskeletal, and others. The development of advanced systems by smart technologies, like Artificial Intelligence (AI) and machine learning, by leading medical device manufacturers has also emerged as a vital growth factor in the market.

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Market Dynamics
The growing burden of chronic diseases is one of the major factors responsible for the expanding diagnostic imaging tests performed globally, which drives the Medical X-Ray Generators market. According to the World Health Organization (WHO), approximately 65 million individuals worldwide suffer from Chronic Obstructive Pulmonary Disease (COPD). Moreover, the increased incidences of age-related disorders such as osteoporosis as a result of the growing geriatric population is heading up demand for diagnostic imaging tests including x-rays. Nevertheless, the rising prevalence of neurological as well as musculoskeletal conditions is to held responsible for the rising number of medical x-ray procedures globally.

Medical x-ray system technological developments are one of the market's key drivers. Market technological developments interrupted the demand for analogue x-ray systems and aided in the digitization and mobilization of x-ray systems globally. The radiation produced by the x-ray may cause cell damage. Small-time exposure to x-rays, like a chest x-ray, may pose minor risks. However, repeated x-ray exposure may cause the cells to become cancerous. Such unintended consequences are impeding market growth. FUJIFILM Corporation presented an x-ray solution equipped with qXR*1, Qure.ai's computed aided diagnostic imaging software application built with deep-learning AI technology, in May 2021.

COVID Impact
COVID-19 had a negative impact on the global medical x-ray market growth. Interruptions in the diagnosis and treatment of various chronic diseases like cardiovascular diseases, oncology, and others, which impacted the diagnosis rate during the period, are some of the factors responsible for the market decline. Besides, restrictions imposed by various governments caused a disturbance in the supply of these x-ray systems during the COVID-19 pandemic. As a result, the number of radiology practices and methods decreased in 2020. For example, according to a Springer study, there was a 5.1% decrease in total interventional radiology procedures performed in the United States during the COVID-19 pandemic. Also, according to the NCBI, in the U.S., there was a 53.4% decrease in x-ray procedures during March to April 2020.

Regional Trend
Geographically, the global tissue diagnostics market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Globally, North America dominates the Medical X-Ray Generators market due to the high physician preference for radiographic diagnostic procedures owing to the improved patient safety.
Significant growth is anticipated in Asia-Pacific during the forecast period of 2022 to 2029, attributed to expansion strategies and high R&D investment by key players present in this region. Further to that, the availability of raw material parts at a reduced cost contributes significantly to growth in this region. The import, export, and trade of medical X-ray generators have a significant impact on the European market. Additionally, the institute projects that the number of new cases of cancer is 439.2 per 100,000 men & women per year. Also, it predicts that the number of new cancer cases per year is expected to rise to 23.6 million by 2030 in the United States

Competitive Landscape
Key players operating in the global tissue diagnostics market are Canon Medical Systems Corporation, Carestream Health, Comet Group, Communications & Power Industries LLC, DMS Group LLC, Drgem Corporation, Ecoray, EMD Technologies, Fujifilm Holdings Corporation, GE Healthcare Inc., Gulmay Ltd., Innomed Medical Zrt., Josef Betschart Ag, Koninklijke Philips N.V., Medical Econet Gmbh, Nanning Yiju Medical Electronic Co. Ltd., Neusoft Medical Systems, Poskom Co. Ltd., Proximus Medical Equipment and Service, Samsung Electronics Co., Ltd., Sedecal, Shimadzu Corporation, Siemens Healthcare Private Limited, Spellman High Voltage Electronics Corporation, and Teledyne ICM among others. In November 2021, GE Healthcare got approval of FDA clearance for the first x-ray AI to help clinicians assess Endotracheal Tube (ETT) placements.

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Key USP's-
According to a research article published in May 2020, the prevalence of periodontal disease was reported to range from 20% to 50% worldwide. Also, WHO statistics, in 2020, the prevalent cases of breast cancer in females of all ages in Germany was 67,546 and in France (53,673), U.K. (51,378), and Italy (50,404), respectively.

Market Segmentation
Based upon the Type used in Medical X-Ray Generators market is segmented into two segments of Analog X-ray Systems and Digital X-ray Systems in the diagnostic process. Based on the Application, the Medical X-Ray Generators market is segmented into General Radiography, Chest Imaging, Orthopedic imaging, Cardiovascular Imaging, Dental Imaging, Mammography, Cancer imaging and Fluoroscopy. Based on Technology, the Medical X-Ray Generators market is segmented into Direct Radiography and Computed Radiography.
Based on Product Type, the Medical X-Ray Generators market is segmented into Static and Dynamic. End user segment of medical X-ray diagnostics market is further classified into Hospitals & Clinics, Diagnostic Centers, and Others. Diagnostic centers segment dominated the market in terms of revenue owing to more inclination of patients towards the tests due to the rising prevalence globally.

By Type
• Analog X-ray Systems
• Digital X-ray Systems

By Application
• General Radiography
• Chest Imaging
• Orthopedic imaging
• Cardiovascular Imaging
• Dental Imaging
• Mammography
• Cancer imaging
• Fluoroscopy

By Technology
• Direct Radiography
• Computed Radiography

By Product Type
• Static
• Dynamic

By End User
• Hospitals & Clinics
• Diagnostic Centers
• Others

Global Medical X-Ray Generators Market: Regional Analysis
The countries covered in the regional analysis of the Global Medical X-Ray Generators market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Objectives of the Study:
• To provide with an exhaustive analysis on the Medical X-Ray Generators Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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