Industrial X-ray Market Industry Share, Size, Growth, Demands, Revenue, Top Leaders and Forecast

X-ray inspection technology is not a very new concept. The radiations used in this technology are set to a low range for inspection purposes. A wide number of end-user industries are increasingly making use of this technology and the healthcare industry is one among all of them. Industrial X-rays are used for a wide range of applications by the healthcare industry.

Data Bridge Market Research analyses that the global industrial X-ray market which was USD 659.63 million in 2022, would rocket up to USD 1,259.60 million by 2030, and is expected to undergo a CAGR of 7.50% during the forecast period. This indicates that the market value. “Instruments” is expected to dominate the product type segment of the industrial X-ray market owing to the rising number of end user industries, especially in developing economies. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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From the name itself, it is clear that industrial X-ray refers to radiographic technology which is used for the inspection of materials without having to move or damage the material itself. Industrial X-rays are on-destructive methods of inspecting materials.

Drivers

• Rising number of surgeries

The surging number of surgical procedures calls for the increasing application of medical and surgical devices. This results in the utilization of sterilizing equipment which if otherwise not done, can lead to transmission of bacterial infections. This is, therefore, one of the major factors fostering the growth of the market.

• Increasing demand for non-destructive testing (NDT)

The global industrial X-ray market is driven by the growing need for non-destructive testing across various industries. X-ray technology is extensively used for inspecting internal structures, identifying defects, and ensuring product quality in sectors such as manufacturing, automotive, aerospace, oil and gas, and electronics.

• Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the development of X-ray systems is also bolstering the market growth rate.

• Growing expenditure for healthcare infrastructure

Increased funding for the development of healthcare infrastructure especially in developing economies is further carving the way for the growth of the market. An increased number of strategic collaborations and partnerships between the public and private players is propelling growth in the market value.

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Challenges

• The complex and evolving regulatory landscape

The industrial X-ray market operates in a complex regulatory environment, with stringent safety and quality standards that vary across countries and industries. Staying up-to-date with evolving regulations and ensuring compliance can be challenging for manufacturers and end-users. Adapting to changing regulatory requirements and investing in continuous improvement to meet the latest standards poses a challenge for market players.

• Integration with complex production processes

Integrating industrial X-ray systems into complex production processes can be a challenge. Many industries have intricate manufacturing workflows, and incorporating X-ray inspection seamlessly without disrupting production efficiency can be demanding. Ensuring proper synchronization and coordination between X-ray systems and production lines, optimizing inspection times, and minimizing downtime are challenges that need to be addressed to achieve a smooth integration of industrial X-ray technology.

This industrial X-ray market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial X-ray market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In October 2019, ULC partnered with Nikon to launch a EUR 4.8 million prosperity partnership, which aims to combine new techniques to gain more information from X-rays, improving disease detection and industrial testing.
• In June 2019, Baker Hughes, a GE company, planned to open a new Customer Solutions Center (CSC) in Silicon Valley for its Inspection Technologies (IT) business. The BHGE Silicon Valley CSC, located in San Jose, Calif., may bring BHGE’s most advanced non-destructive testing technologies under one roof.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume

Some of the major players operating in the industrial X-ray market are:

• Koninklijke Philips N.V (Netherlands)
• North Star Imaging, Inc. (US)
• Nikon Metrology NV (Belgium)
• Nordson DAGE (UK)
• YXLON International GmbH (Germany)
• VJ Group, Inc. (US)
• 3DX-RAY Ltd. (UK)
• VisiConsult X-ray Systems & Solutions GmbH (Germany)
• Smiths Detection, Inc. (UK)
• Mettler-Toledo International Inc. (Switzerland)
• GENERAL ELECTRIC COMPANY (US)
• FUJIFILM Holdings Corporation (Japan)
• Hitachi, Ltd. (Japan)
• Shimadzu Corporation (Japan)
• Samsung Medison Co., Ltd. (South Korea)
• Carestream Health (US)
• Hologic, Inc. (US)
• Agfa-Gevaert Group (Beligium)
• OSI Systems Inc. (US)
• Smiths Group plc. (Germany)

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Industrial X-ray Market Scope

Product type

• Instrument
• Manual x-ray devices
• Fully automated X-ray devices
• Consumables
• X-ray detectors
• X-ray tubes

Technology

• Micro Focus
• Minifocus
• Nanofocus

End-User

• Material Handling
• Academia and Research and Development
• Others

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