REPORT HIGHLIGHT
The medical x-ray generator market is estimated to represent a global market of USD 1.63 billion by 2019 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 2019 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.

COVID-19 Impact & Recovery Analysis
The proposed report, medical x-ray generator market from AnalystView Market Insights suggests three possible forecast scenarios (probable, optimistic, and pessimistic) considering the COVID-19 impact. Our ongoing research analysis amplifies our framework to ensure the inclusion of underlying COVID-19 crisis impact and potential paths forward. The designed report is delivering detailed insights on COVID-19 considering the changes in consumer demand, purchasing patterns, re-routing of the supply chain, and the significant interventions of governments. The updated study provides insights, and forecast, considering the COVID-19 impact on the market.

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 2019 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 has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

The years considered for the study are:

Historical Year – 2016 to 2018
Base Year – 2019
Estimated Year – 2020
Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

SCOPE OF THE REPORT

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

GLOBAL MEDICAL X-RAY GENERATOR MARKET, BY TYPE
Stationary
Portable

GLOBAL MEDICAL X-RAY GENERATOR MARKET, BY APPLICATION
Mammography
Cardiovascular
Respiratory
Orthopedics
Others

GLOBAL MEDICAL X-RAY GENERATOR 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