X-Ray Machine Manufacturing in the US - Industry Market Research Report

Hold still: Stronger economic growth will encourage purchases of new, high-tech X-ray machines

The X-Ray Machine Manufacturing industry has benefited from moderate growth through 2023. Manufacturers typically sell X-Ray machines and other irradiation devices at high prices, necessitating significant capital investments from healthcare providers. Also, X-Ray machines normally last a few years before buyers need to repair or place them. For these reasons, the industry is highly cyclical, with sales surging when the economy is strong and dropping off immediately after. The industry expanded for much of the period, but the pandemic constrained downstream spending. As the pandemic passes and healthcare spending recovers, revenue will grow at an estimated CAGR of 1.2% to $10.2 billion through the current period, despite a 0.8% decrease in 2023.

This industry manufactures diagnostic imaging machines for X-rays, including combination X-ray/CT scanners. This industry includes manufacturers who produce X-ray machine parts and accessories, but does not include manufacturers of X-ray film. Companies in the industry also manufacture other irradiation devices, including beta, gamma and neutron radiation equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.