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North America X-Ray Tube Market Forecast 2021-2028

KEY FINDINGS
The North America X-ray tube market is anticipated to register a CAGR of 3.88%, during the forecast years of 2021 to 2028. The vast application of X-ray tubes across industries, such as, aerospace, healthcare, and manufacturing, primarily fuel the region's market growth.

MARKET INSIGHTS
The North America X-ray tube market assessment includes the analysis of Canada and the United States. Canada is among the predominant nations that extensively uses diagnostic imaging applications. Presently, the Canadian healthcare industry is highly fragmented, with the distribution of X-ray tubes majorly led by large medical equipment distributors. Besides, key international manufacturers gain an added advantage, owing to the robust sale of X-ray tubes in Canada. As a result, the country's manufacturers have shifted their focus on exporting their product offerings across other foreign markets. Hence, organizations willing to enter the Canadian market would be more inclined to work with local distributors than establishing a personal distribution network.
Conversely, heart-relation conditions, accounting for nearly 17% of hospitalizations in Canada, hold significant potential for X-ray tubes' demand. For instance, as per the Heart and Stroke Foundation, heart diseases or strokes cause one death, every seven minutes in the country. Additionally, the increased use of CT scanners augments the need for X-ray tubes, and is anticipated to be a key driver. Canadian manufacturers are also restructuring their sales department, in order to equate the increased demand and supply of medical devices, utilized across the country's healthcare division. Thus, such factors are expected to drive Canada's X-ray tube market, over the forecast period.

COMPETITIVE INSIGHTS
Some of the leading enterprises operating in the market include, General Electric Healthcare, Varex Imaging Corporation, YXLON International, etc.

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