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Europe X-Ray Tube Market Forecast 2021-2028

The Europe X-ray tube market is predicted to record a CAGR of 3.98%, during the forecast years of 2021 to 2028. The use of the latest technological advancements, such as, artificial intelligence (AI) and predictive analysis, and the increasing research and development activities, are accredited to the region's market growth.

The Europe X-ray tube market growth is analyzed by assessing Italy, Poland, Belgium, the United Kingdom, Germany, Russia, France, and the rest of Europe. France accounts for the second-largest X-ray tube market across Europe, and is essentially committed to increased demands from the French aerospace industry. As one of the foremost adopters of the X-ray tube technology, the country's market is mature, well-established, and projected to incline towards saturation, during the forecast years. France's internal security infrastructure also observes a significant flow of investments, owing to recent security incidents. As a result, X-ray systems harbor a major share within the nation's security systems' investment, particularly within aviation infrastructure, such as airports. Although locally produced products are now prevalent in France, the current demand enables the inflow of foreign goods into the market.
On the other hand, Italy is conventionally a manufacturing powerhouse, with the second-largest manufacturing output, throughout Europe. However, severe political and economic conditions, in addition to the industry's sluggish response to technological changes, have resulted in a challenging decade, for the sector. The key drivers fuelling Italy's diagnostic imaging market include the rising burden of chronic conditions, the increasing geriatric population, and technological advancements. Therefore, these factors are set to propel the X-ray tube market growth in Europe, during the forecast period.

Some of the eminent companies operating in the market include, Comet Group, Koninklijke Philips NV, Malvern Panalytical, Oxford Instruments PLC, etc.

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Europe X-Ray Tube Market Forecast 2021-2028
Published By :Inkwood Research
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