Market by Type (Rotating Anode Tube, Stationary X-ray Tube) Industry Vertical (Manufacturing, Healthcare, Food, Aerospace & Defense, Other Industry Verticals) and Country Outlook | Forecast 2024-2032
Triton’s research report estimates that the Latin America X-ray tube market is expected to garner revenue at a CAGR of 4.06% during the forecast years 2024-2032.
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In recent years, Latin American countries have made significant advancements in healthcare technologies driven by economic growth. A substantial portion of medical equipment is imported, and stringent regulations have been implemented to govern the importation of used diagnostic equipment. The region lacks domestic manufacturing capabilities, with most medical equipment produced by multinational companies operating locally. As a result, the majority of X-ray tubes are imported from the United States, facilitated by free trade agreements. These factors have significantly created growth opportunities for X-ray tube market contenders.
The countries studied in this region include:
Brazil captured the highest share in the X-ray tube market, obtaining about $68.84 million in 2023.
According to the World Integrated Trade Solution, the exports of X-ray tubes in Brazil accounted for around 1352 items, thereby expanding its market reach beyond domestic borders, increasing demand and market size.
With a rising number of cancer cases and similar health problems, the demand for diagnostic imaging procedures, especially X-ray screening, is crucial for early detection and treatment.
With a global share of 1.81% share in manufacturing output, the country is witnessing robust growth in the healthcare sector and other industries. Hence, using X-ray tubes in several industrial processes has widened the market scope for X-ray tubes.
X-ray Tube Market Forecast for Mexico
According to industry sources, the trade exchange involving international purchases and sales of X-ray tubes reached $27.4 million in 2021. Key industries utilizing X-ray tubes include automotive, aviation and aerospace, medical devices, etc. The country’s proximity to the United States, combined with wage and transportation inflation in China, is fueling the growth of its manufacturing sector. These factors create favorable conditions for the growth of the X-ray tube market in the country.
The X-ray tube market is segmented based on type and industry vertical. The type segment is further branched into a stationary X-ray tube and rotating anode tube. Stationary X-ray tubes have a stationary anode that consists of a tungsten embedded in a copper block. They are used primarily in diagnostic imaging equipment like medical radiography and industrial inspection systems. These tubes are more energy-efficient since they do not incorporate a cooling system.
Contender Analysis in the X-ray Tube Market:
Superior X-ray tube is involved in the designing and manufacturing of X-ray tubes, which are used in applications including medical, dental, bone densitometry, thickness gauging, food inspection, Non-Destructive Testing (NDT) and X-Ray Fluorescence (XRF) Spectroscopy. It offers customized X-ray tubes to seamlessly integrate with your software and detector, ensuring the highest image quality while minimizing patient dose, equipment weight, and cost. The company is headquartered in Illinois, the United States.
Its products are utilized in a wide range of X-ray generators, sources, assemblies, and housings worldwide. With decades of expertise in X-ray tube and high-voltage design, the company collaborates with expert engineers to develop optimized system solutions. One of its products - Anode Model & Thermal Simulation 7kHU’s 20° .5mm Spot can be customized into various designs based on size, kV, power, target angle, mA, focal spot, etc.
The key entities in the reviewed market are Koninklijke Philips NV, Shanghai Keyway Electronic Technology Co Ltd, Gulmay Ltd, General Electric Healthcare, Canon Electron Tubes & Devices Co Ltd (Canon Inc), Lafco India Scientific Industries, Comet Group, and Malvern Panalytical Ltd.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the x-ray tube market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Latin America x-ray tube market growth during the upcoming years
1. LATIN
AMERICA X-RAY TUBE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE X-RAY TUBE MARKET
2.1.1. COVID-19
IMPACT ON THE X-RAY TUBE MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. REGULATORY
FRAMEWORK
2.4. KEY
BUYING IMPACT ANALYSIS
2.4.1. TUBE
HOUSING
2.4.2. VACUUM
ENVELOPE
2.4.3. FILAMENT
ASSEMBLY
2.4.4. ANODE
2.5. SUPPLY
CHAIN ANALYSIS
2.5.1. RAW
MATERIAL & COMPONENT SUPPLIER
2.5.2. DESIGN
AND FABRICATION/ASSEMBLY
2.5.3. OEM’S
2.5.4. END-USER
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES
2.6.2. ACQUISITIONS
2.6.3. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. SURGE
IN HEALTHCARE INDUSTRY REQUIREMENTS
2.7.2. GROWTH
OPPORTUNITIES IN AEROSPACE & DEFENSE SECTOR
2.7.3. DEMAND
FOR ENHANCED QUALITY CONTROL IN MANUFACTURING
2.8. MARKET
CHALLENGES
2.8.1. STRICT
REGULATIONS IMPACTING THE MARKET
2.9. MARKET
OPPORTUNITIES
2.9.1. TECHNOLOGICAL
INNOVATIONS IN THE MARKET
2.9.2. GROWING
DEMAND FOR MOBILE/WIRELESS X-RAY SYSTEMS
2.9.3. EXPANDING
OPPORTUNITIES IN THE FOOD & BEVERAGE INDUSTRY
2.10. ANALYST
PERSPECTIVE
3. LATIN
AMERICA X-RAY TUBE MARKET – BY TYPE
3.1. ROTATING
ANODE TUBE
3.2. STATIONARY
X-RAY TUBE
4. LATIN
AMERICA X-RAY TUBE MARKET – BY INDUSTRY VERTICAL
4.1. MANUFACTURING
4.2. HEALTHCARE
4.3. FOOD
4.4. AEROSPACE
& DEFENSE
4.5. OTHER INDUSTRY
VERTICALS
5. LATIN
AMERICA X-RAY TUBE MARKET – BY COUNTRY OUTLOOK
5.1. LATIN
AMERICA
5.1.1. COUNTRY
ANALYSIS
5.1.1.1. BRAZIL
5.1.1.1.1. BRAZIL
X-RAY TUBE MARKET FORECAST & PROSPECTS
5.1.1.2. MEXICO
5.1.1.2.1. MEXICO
X-RAY TUBE MARKET FORECAST & PROSPECTS
5.1.1.3. REST
OF LATIN AMERICA
5.1.1.3.1. REST
OF LATIN AMERICA X-RAY TUBE MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. KONINKLIJKE
PHILIPS NV
6.1.1. OVERVIEW
6.1.2. PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. GENERAL
ELECTRIC HEALTHCARE
6.2.1. OVERVIEW
6.2.2. PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. CANON
ELECTRON TUBES & DEVICES CO LTD (CANON INC)
6.3.1. OVERVIEW
6.3.2. PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. LAFCO
INDIA SCIENTIFIC INDUSTRIES
6.4.1. OVERVIEW
6.4.2. PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. COMET
GROUP
6.5.1. OVERVIEW
6.5.2. PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. MALVERN
PANALYTICAL LTD
6.6.1. OVERVIEW
6.6.2. PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. OXFORD
INSTRUMENTS PLC
6.7.1. OVERVIEW
6.7.2. PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. SIEMENS
HEALTHINEERS AG
6.8.1. OVERVIEW
6.8.2. PORTFOLIO
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. VAREX
IMAGING CORPORATION
6.9.1. OVERVIEW
6.9.2. PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. SHANGHAI
KEYWAY ELECTRONIC TECHNOLOGY CO LTD
6.10.1. OVERVIEW
6.10.2. PORTFOLIO
6.10.3. KEY STRENGTHS
6.10.4. KEY
CHALLENGES
6.11. GULMAY
LTD
6.11.1. OVERVIEW
6.11.2. PORTFOLIO
6.11.3. KEY
STRENGTHS
6.11.4. KEY
CHALLENGES
6.12. SUPERIOR
X-RAY TUBE
6.12.1. OVERVIEW
6.12.2. PORTFOLIO
6.12.3. KEY
STRENGTHS
6.12.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA X-RAY
TUBE MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: LIST OF BUSINESS EXPANSIONS
TABLE 6: LATIN AMERICA X-RAY
TUBE MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 7: LATIN AMERICA X-RAY
TUBE MARKET, BY INDUSTRY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 8: LATIN AMERICA X-RAY
TUBE MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: KEY BUYING IMPACT
ANALYSIS
FIGURE 3: SUPPLY CHAIN
ANALYSIS
FIGURE 4: LATIN AMERICA X-RAY
TUBE MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 5: LATIN AMERICA X-RAY
TUBE MARKET, BY ROTATING ANODE TUBE, 2024-2032 (IN $ MILLION)
FIGURE 6: LATIN AMERICA X-RAY
TUBE MARKET, BY STATIONARY X-RAY TUBE, 2024-2032 (IN $ MILLION)
FIGURE 7: LATIN AMERICA X-RAY
TUBE MARKET, BY INDUSTRY VERTICAL, 2023 & 2032 (IN %)
FIGURE 8: LATIN AMERICA X-RAY
TUBE MARKET, BY MANUFACTURING, 2024-2032 (IN $ MILLION)
FIGURE 9: LATIN AMERICA X-RAY
TUBE MARKET, BY HEALTHCARE, 2024-2032 (IN $ MILLION)
FIGURE 10: LATIN AMERICA X-RAY
TUBE MARKET, BY FOOD, 2024-2032 (IN $ MILLION)
FIGURE 11: LATIN AMERICA X-RAY
TUBE MARKET, BY AEROSPACE & DEFENSE, 2024-2032 (IN $ MILLION)
FIGURE 12: LATIN AMERICA X-RAY
TUBE MARKET, BY OTHER INDUSTRY VERTICALS, 2024-2032 (IN $ MILLION)
FIGURE 13: LATIN AMERICA X-RAY
TUBE MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 14: BRAZIL X-RAY TUBE
MARKET 2024-2032 (IN $ MILLION)
FIGURE 15: MEXICO X-RAY TUBE
MARKET 2024-2032 (IN $ MILLION)
FIGURE 16: REST OF LATIN
AMERICA X-RAY TUBE MARKET 2024-2032 (IN $ MILLION)