Market Size of X-ray Tube Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.48 Billion |
| Market Size (2029) | USD 4.27 Billion |
| CAGR (2024 - 2029) | 4.19 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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X-Ray Tube Market Analysis
The X-ray Tube Market size is estimated at USD 3.48 billion in 2024, and is expected to reach USD 4.27 billion by 2029, growing at a CAGR of 4.19% during the forecast period (2024-2029).
- X-rays have found applications in security, metallurgy, non-destructive testing, and other industrial applications. Technological advancement is one of the primary factors driving the growth of the market studied. Over the past few decades, the application of X-rays has drastically expanded beyond the field of medicine.
- With electronic innovations, these systems' sizes have significantly decreased. With the availability of compact systems, X-ray machines are now used in various fields, such as airport security, baggage scanning, and metallurgical applications. In addition, increasing medical cases and accidental injuries worldwide are influencing the growth of the market studied.
- For instance, recently, Excillum launched its latest development-a new generation of high-resolution X-ray tubes. The Excillum NanoTube N3, initially available in 3 different versions, enables the world's best resolution up to 160 kV. The NanoTube N3 targets advanced industries' metrology and non-destructive testing (NDT) components, e.g., automotive, aerospace, medical, electronics, and semiconductor back ends.
- The pandemic scenario benefited medical and healthcare applications greatly. Several associations and governing bodies have globally established CT and X-ray imaging as a primary mode of examination to check a patient for the presence of COVID-19-related symptoms. According to Siemens Healthineers, the studies conducted by multiple researchers found that the X-ray examinations had a lower sensitivity for COVID-19-related lung shadowing of 25% to 69%.
- In the near future, the high-demand regions, such as Asia-Pacific and North America, are expected to revise their safety regulations, leading to stricter rules and industrial standards. This scenario also makes it hard for new players to enter the market. Therefore, stringent regulations and validatory guidelines restrain the market's growth.
