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North America is expected to hold a significant share in the overall market growth of X-ray tubes in the coming years. This can be associated with the increasing demand for x-ray imaging owing to rising geriatric population and the prevalence of several diseases requiring body imaging. In addition to this, the market growth can further be associated with rising medical infrastructural developments such as the establishment of low-dose full body scanners in hospitals. Moreover, the deployment of X-ray machines in high security areas such as airports and hotels to maximise security and minimise the risk of terror are additional factors influencing the market growth positively. In addition to this, trends surrounding helicopters and aircraft production in the region has been augmenting the demand for X-ray tubes in non-destructive applications. Hence, these are some of the factors propelling the growth of the market in the region.
GE Healthcare (NYSE: GE), a leader in the global market for X-ray tube, recently announced in November 2021, that the company has received Food and Drug Administration (FDA) clearance for an artificial intelligence (AI) algorithm to help clinicians assess Endotracheal Tube (ETT) placements. The AI algorithm designed by the company is industry’s first collection of AI algorithms embedded on a mobile x-ray device for automated measurements, case prioritisation and quality control. Such developments by leading market players are invigorating the market growth of x-ray machines and correspondingly augmenting the growth of X-ray tubes.
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The major players in the global X-ray tube market are Varex Imaging Corporation, Malvern Panalytical Ltd, Oxford Instruments plc, Siemens Healthineer AG, and Canon Electron Tubes and Devices Co. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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