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Medical X-ray Generator Market, by Type (Stationary, and Portable), by Application (Mammography, Cardiovascular, Respiratory, and Orthopedics) and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

106 Pages | Published Date : 13 / 04 / 18  | Report Code: AV170 | Report Format: PDF

REPORT HIGHLIGHT

The medical x-ray generator market is estimated to represent a global market of USD 1,403 million by 2017 with growth rate of 3.2%.

Market Dynamics

Medical x-ray generators are primarily used to generate visual representations of the internal organs for therapeutic and diagnostic purposes. These devices act by modifying the voltage and the current, which is modulated to a desired level within an x-ray tube, to generate an X-Ray beam. This generator enables to convert electrical energy into x-rays within the X-ray tube. X-ray generators are widely used for to treat and diagnose various cardiac problems such as coronary artery disease, cardiomyopathies, and others. Across the globe, the number of individuals suffering from cardiovascular disorders is on the rise. For example, according to the World Health Organization (WHO), cardiovascular is the number one cause of death globally compared to any other disease condition. The organization estimated that in 2015, around 17.7 million people die due to cardiac disorders, representing more than 31% of the global death. This factor would, in turn, provide a healthy platform for this market. Additionally, tie-ups between research institutes and government bodies, and the presence of numerous manufacturers are considered to be a high rendering factor of this industry. However, strict regulations coupled with high cost of some devices hamper the industry growth to some extent.

Types Takeaway

In terms of types, the global industry is categorized as stationary and portable. Among which, the stationary segment is accounted for the highest share (more than 72%) of the total market. These products are highly stable, durable and relatively less expensive thus increasingly used for diagnostic purposes in long-term treatment such as radiographic inspection operations. Whereas, portable devices are anticipated to grow with the highest growth rate (over 7%) owing to the growing demand for such products coupled with the advancement in technologies. Mammography, Cardiovascular, Respiratory, Orthopedics, and others are categorized under application segment. Of which, cardiovascular application recorded the highest revenue, USD 336.8 million in 2017 and is likely to dominate the total market over the forecast period. On contrary, mammography application is likely to grow with the fastest growth rate owing to the availability of a large number of innovative medical x-ray generators which can be used in mammographic applications.

Global Medical X-ray Generator Market by Type, 2017 vs 2025

Regional Takeaway

Regionally, North America accounted for USD 565.1 million revenue and is anticipated to dominate the overall industry during the future period. Growing number of government and non-government organization working towards to promote the awareness regarding the use of these products support the regional growth. For example, International Trade Administration’s (ITA) Global Health Team, intending to expand market access as well as propelling exports in the U.S. Asia Pacific region is anticipated to grow with the highest CAGR over the forecast period. Increasing number of investment by key players coupled with favorable government initiatives drive the market demand in this region.

Key Vendor Takeaway

Companies namely DRGEM Corporation, Spellman HV Electronics, ECORAY, Nanning Yiju Medical Electronics, and EMD Technologies are profiled in detailed. Spellman HV Electronics has captured significant revenue share in 2017 owing to its innovative product offering coupled with strong marketing strategies. For instance, in June 2015, Spellman launched a new Z series of radiography generators.  The product was launched at a relatively lower cost and to cater to radiography and veterinary imaging segments. During the same year, the company announced the expansion of their product portfolio of XRB monoblock X-ray sources with the introduction of XRBC Monoblock series. Such introductions have helped this company to record high revenue under this market segment.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPE

  • Stationary
  • Portable

MARKET, BY APPLICATION

  • Mammography
  • Cardiovascular
  • Respiratory
  • Orthopedics
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. MEDICAL X-RAY GENERATOR MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. MEDICAL X-RAY GENERATOR KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. MEDICAL X-RAY GENERATOR INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. MEDICAL X-RAY GENERATOR MARKET LANDSCAPE
5.1. Market Share Analysis
6. MEDICAL X-RAY GENERATOR MARKET – BY TYPE
6.1. Overview
6.2. Stationary
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Portable
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. MEDICAL X-RAY GENERATOR MARKET – BY APPLICATION
7.1. Overview
7.2. Mammography
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Cardiovascular
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Respiratory
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Orthopedics
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6. Others
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. MEDICAL X-RAY GENERATOR MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. DRGEM Corporation
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Spellman HV Electronics
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. ECORAY
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Nanning Yiju Medical Electronics
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. EMD Technologies
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Medical X-ray Generator Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
Table 10 Medical X-ray Generator Market, by Type, 2014 – 2025 (USD Million)
Table 11 Medical X-ray Generator Market, by Application, 2014 – 2025 (USD Million)
Table 12 Medical X-ray Generator Market, by Geography, 2014 – 2025 (USD Million)
Table 13 North America Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 14 U.S. Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 15 Canada Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 16 Europe Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 17 France Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 18 Germany Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 19 Asia Pacific Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 20 China Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 21 India Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 22 Latin America Medical X-ray Generator Market, 2014 – 2025 (USD Million)
Table 23 MEA Medical X-ray Generator Market, 2014 – 2025 (USD Million)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Medical X-ray Generator Market, by Type, 2014 – 2025 (USD Million)
Figure 6 Medical X-ray Generator Market, by Application, 2014 – 2025 (USD Million)
Figure 7 Medical X-ray Generator Market, by Geography, 2014 – 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Once the information is collected, and the forecasts are determined, we provide a clear written analysis of the market conditions. This includes detailed information on market segments regarding market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology upgradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From a research perspective, this information explains and substantiates estimated data finding and forecast which helps us to improve the accuracy of the final report. This helps our clients to make better business decisions as they possess all the market information they require.

Assumptions

  • The report provides the market in terms of USD million/billion at regional as well as country level
  • We have implemented a mixture of top-down and bottom-up approach to estimate the total market and market for an individual segment
  • We reviewed various publications from government and non-government organizations, analyst perspectives for different regions from the paid databases available to us
  • This data helped us extract historical data and market scenario for various countries
  • The total population of respective countries, end users, product demand, local presence of key players, and cost are considered to analyze market revenue
  • Fundamental industry dynamics, demand-supply ratio, and upcoming technological trends are considered for the forecast period.
  • Growth rates are estimated using correlation, regression, and time-series analysis
  • All market estimates and forecasts have been validated through exhaustive primary research with key industry participants and analyst perspectives

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