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INDIA X-RAY TUBE MARKET FORECAST 2022-2028

The India X-ray tube market is expected to develop with a CAGR of 4.94% over the forecasting period, acquiring a revenue share of $102.46 million by 2028. The base year considered for the market study is 2021, and the projected years are from 2022 to 2028.

INDIA X-RAY TUBE MARKET FORECAST 2022-2028

India X-Ray Tube Market by Type (Rotating Anode Tube, Stationary X-ray Tube) Market by End-user (Manufacturing, Healthcare, Food, Aerospace & Defense, Other End-users)

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The India X-ray tube market is expected to develop with a CAGR of 4.94% over the forecasting period, acquiring a revenue share of $102.46 million by 2028. The base year considered for the market study is 2021, and the projected years are from 2022 to 2028.

The rapidly-developing healthcare industry and the rise in investments by the government are among the key factors fueling the X-ray tube market growth in India.

As one of the fastest-growing economies globally, India’s healthcare sector has been witnessing tremendous growth, with several healthcare units as well as diagnostic centers established in the country. Moreover, the nation has emerged as a key destination for medical tourism, as well. With X-ray tubes regarded as an indispensable part of the majority of devices in medical centers, the X-ray tube market in India is anticipated to grow rapidly over the upcoming years. The current market space is also in a transformational phase, with most of the existing technologies being replaced by advanced technologies.

India X-Ray Tube Market

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On the other hand, although several domestic companies operate in the Indian market, major suppliers of X-ray tubes in the country are predominantly multinational players. While these leading companies make the Indian market highly competitive, the country has also been witnessing various players offering additional features in their products in an attempt to surpass their competitors. Furthermore, healthcare units in small towns, as well as cities, are served by Indian companies, and on the other hand, foreign companies cater to top private hospitals in major cities.

The India X-ray tube market is mainly segmented into type and end-user. The end-user segment includes manufacturing, healthcare, food, aerospace & defense, and other end-users. The food industry is emerging as a major potential application for X-ray tubes, given the rising need for product quality checks. Food manufacturers are increasingly reliant on product inspection equipment in order to protect consumers, minimize the risk of expensive product recalls, comply with retailer guidelines and safety regulations, and safeguard brand reputations. Accordingly, systems for contaminant inspection are utilized to prevent several problems in the food industry, as well.

Conversely, other end-users for X-ray tubes include government, development labs, and security & research applications. For example, passenger full-body scanners help airport security personnel detect contraband without the physical contact necessitated by a manual strip search.

Some of the eminent players operating in the India X-ray tube market are General Electric Healthcare, Siemens Healthineers AG, Lafco India Scientific Industries, etc.

Lafco India Scientific Industries, headquartered in India, supplies and manufactures scientific equipment, catering to a wide client base, such as institutes, schools, hospitals, laboratories, and research centers, among others. The company’s offerings include automatic projectors, chemistry equipment, digital hydrometers, electronics items, pharmacy equipment & instruments, biology labware, optical benches, borosilicate glass, and others.

The X-ray vacuum tubes by Lafco India Scientific Industries are mainly utilized in scientific research laboratories in order to generate X-rays for various experiments. The product’s key features include excellent performance, handling safety, less maintenance, and lightweight.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type and End-User
Country Analyzed India
Companies Analyzed

General Electric Healthcare, Lafco India Scientific Industries, Siemens Healthineers AG, Toshiba Corporation, Varex Imaging Corporation

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON X-RAY TUBE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • PESTLE ANALYSIS – INDIA
      • KEY BUYING CRITERIA
        • TUBE HOUSING
        • VACUUM ENVELOPE
        • FILAMENT ASSEMBLY
        • ANODE
    1. MARKET BY TYPE
      • ROTATING ANODE TUBE
      • STATIONARY X-RAY TUBE
    2. MARKET BY END-USER
      • MANUFACTURING
      • HEALTHCARE
      • FOOD
      • AEROSPACE & DEFENSE
      • OTHER END-USERS
    3. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
      • COMPANY PROFILES
        • GENERAL ELECTRIC HEALTHCARE
        • LAFCO INDIA SCIENTIFIC INDUSTRIES
        • SIEMENS HEALTHINEERS AG
        • TOSHIBA CORPORATION
        • VAREX IMAGING CORPORATION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – X-RAY TUBE

    TABLE 2: INDIA X-RAY TUBE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: INDIA X-RAY TUBE MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 4: INDIA X-RAY TUBE MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: INDIA X-RAY TUBE MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: KEY BUYING CRITERIA

    FIGURE 5: INDIA X-RAY TUBE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 6: INDIA X-RAY TUBE MARKET, BY ROTATING ANODE TUBE, 2022-2028 (IN $ MILLION)

    FIGURE 7: INDIA X-RAY TUBE MARKET, BY STATIONARY X-RAY TUBE, 2022-2028 (IN $ MILLION)

    FIGURE 8: INDIA X-RAY TUBE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 9: INDIA X-RAY TUBE MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)

    FIGURE 10: INDIA X-RAY TUBE MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

    FIGURE 11: INDIA X-RAY TUBE MARKET, BY FOOD, 2022-2028 (IN $ MILLION)

    FIGURE 12: INDIA X-RAY TUBE MARKET, BY AEROSPACE & DEFENSE, 2022-2028 (IN $ MILLION)

    FIGURE 13: INDIA X-RAY TUBE MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)       

    1. MARKET BY TYPE
      • ROTATING ANODE TUBE
      • STATIONARY X-RAY TUBE
    2. MARKET BY END-USER
      • MANUFACTURING
      • HEALTHCARE
      • FOOD
      • AEROSPACE & DEFENSE
      • OTHER END-USERS

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