According to Inkwood Research, the Global X-Ray Tube Market is projected to register a CAGR of 4.05% in terms of revenue during the forecasting years of 2021-2028
“Browse 29 Market Data Tables and 39 Figures
spread over 123 Pages, along with an in-depth TOC on the Global X-Ray Tube Market Forecast
2021-2028.”
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X-ray tubes produce X-rays using
electricity. Each instrument has a glass envelope, protective housing, anode,
and cathode. The electrodes placed in a vacuum generate X-rays, given the
electric charge applied to them. X-ray tubes are primarily used across
applications, such as, security, medical diagnosis, non-destructive testing,
and metallurgy, among others.
Technological
Innovations Propel Market Growth
Since the discovery of X-ray tubes,
substantial developments and improvements have emerged, in order to fulfill
several requirements, such as, multiple repetitive exposures, shorter exposure
time, enhanced tube life, and the potential to accept heavy loads. This is attributed
to numerous focal spots, better anode disc materials, faster-rotating anodes,
and replacing the glass envelope with ceramic and metal materials. As a result,
the X-ray tube design has witnessed several physical changes, over the
years.
Moreover, technical advancements across the
dimensions of X-ray tubes, in addition to new and improved imaging techniques,
based on X-rays, are being introduced into the market. Such breakthroughs have
aided the overall development of X-ray tubes, while increasing accuracy in
multiple applications.
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Stationery
X-ray Tube is the Leading Type
The simplest type of X-ray tube entails a
stationary anode, containing a tungsten insert embedded within a copper block.
Additionally, the copper block mechanically supports the tungsten target, while
also removing its heat, owing to higher heat conductivity. However, the small
target area limits the rate of heat dissipation, thereby limiting the maximum
tube current as well as the X-ray flux.
Key players are also establishing efforts
towards developing solutions to mitigate heat generation. For instance, Nanox
developed the 5D non-CNT MEMs-based digital cold cathode X-ray source, with a
stationary mode.
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North
America Dominated the Global Market in 2020
In North America, X-ray tubes are
predominantly used across the healthcare and manufacturing industries. The
region’s healthcare industry uses X-ray tubes for manufacturing purposes, while
manufacturers use them for quality processes and identify faults.
The growing number of technology startups,
globally, especially given the higher returns of successful innovation, is the
primary contributor to the industrial rivalry. While incubates thrive through
well-established distribution channels, as well as the global presence,
emerging enterprises have a technical advantage over product differentiation.
They also have an edge in the area of origin, mainly on account of the local
distribution channels. Overall, the intensity of competition is moderately high
within the global X-ray tube market.
Some of the prominent companies operating
in the market include, Oxford Instruments PLC, Canon Electron Tubes &
Devices Co Ltd, General Electric Healthcare, Siemens AG, etc.
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