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United States X-Ray Tube Market Forecast 2021-2025

KEY FINDINGS
The United States X-ray tube market is anticipated to record a CAGR of 4.26%, over the forecast years. The increased demand from the energy and healthcare sectors, the growing geriatric population, the surging incidence of chronic diseases, and the rapidly augmenting aerospace industry. The base year considered for the market study is 2020, and the forecast period is from 2021 to 2025.

MARKET INSIGHTS
The United States is the second-largest market, in terms of vehicle production and sales, globally. The country is also at the forefront of research and development initiatives and innovation, which plays a vital role in transforming the industry. For instance, according to the Auto Alliance, $105 billion was spent on research and development, with the United States investing $18 billion. Moreover, automobile manufacturers are largely dependent on computed tomography (CT) as well as digital X-ray imaging. These tools are instrumental, as they offer the ability to engineer high-quality products, with tighter tolerances. Besides, they also offer an initial approach to product inspection, during production. As a result, the United States' X-ray tube market is set to observe substantial growth, owing to the growing applications across industries, such as, healthcare, aerospace, and automobile.
On the other hand, the United States is witnessing an increase in chronic conditions and the surging geriatric population, given the population's sedentary lifestyle and unhealthy eating habits. Additionally, the growing medical infrastructure developments, integrated with an increase in medical facilities, are anticipated to drive the country's demand for medical X-ray tubes. Hence, these factors are set to fuel market growth, over the forecast period.

COMPETITIVE INSIGHTS
Some of the distinguished companies operating in the market include, YXLON International, Siemens AG, Varex Imaging Corporation, Canon Electron Tubes & Devices Co Ltd, General Electric Healthcare, etc.

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United States X-Ray Tube Market Forecast 2021-2025
Published By :Inkwood Research
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