Global Irradiation Apparatus Market Scope, Opportunities and Trends 2022-2032
According to a recently published study by Future Market Insights, the Global Irradiation Apparatus Market is estimated to garner US$ 8.0 Billion while exhibiting a 3.5% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 5.7 Billion in 2022.
Increased healthcare spending and increased awareness of
healthcare procedures will drive the size of the irradiation apparatus market
in the future. The growing popularity of portable devices in various healthcare
settings such as paediatric diagnosis, the dental sector, and the veterinary
sector will drive the global irradiation apparatus market forward. The use of
cutting-edge technologies in the healthcare sector has prompted medical and
pharmaceutical manufacturers to increase their use of irradiation apparatuses.
This is expected to drive market growth during the forecast period.
According to the research, the X-rays segment is expected
to provide lucrative opportunities for the global irradiation apparatus market.
Various developing countries are making significant changes to their budgets,
creating lucrative opportunities for market participants.
Key Takeaways:
· Based on product, the X-rays segment is expected to
record a 3.5% CAGR by 2032
· By application, the hospital segment to expand at a 3.4%
growth rate during the forecast period
· The U.S market to garner US$ 2.8 Billion and record a
3.3% CAGR from 2022-2032
· Market in China to procure US$ 574.0 Million, expanding
at a 2.9% growth rate during the assessment period
“Increasing technological advancement in the healthcare
sector has propelled manufacturers of the medical and pharmaceutical sectors to
increase the use of irradiation apparatus is expected to fuel the demand of
irradiation apparatus market over the forecast period,” remarks an analyst at
FMI.
Competitive Landscape
Eminent players of the global irradiation apparatus market
include Hitachi, Ltd, YXLON International, Koninklijke Philips N.V., KaVo
Dental, and Allengers among others. Recent key developments among players
include:
· In January 2021, Yxlon announced the new Cheetah and
Cougar EVO microfocus X-ray families. The next step toward automation was
demonstrated, and new options for increasing efficiency in X-ray inspection of
electronic components were presented. The YXLON Cheetah and Cougar EVO families
are specifically used in the SMT and Semicon sectors, whereas the Plus variants
primarily support laboratory applications in research and development.
· Royal Philips announced the release of EchoNavigator 4.0
[1] in May 2022, the latest version of its advanced image-guided therapy
solution for the treatment of structural heart disease. Users of Philips' EPIQ
CVXi interventional cardiology ultrasound system now have more control over
live fusion imaging on the company's Image Guided Therapy System thanks to
EchoNavigator 4.0. EchoNavigator 4.0 assists interventional teams in deciding,
guiding, treating, and confirming complex structural heart disease therapy,
such as heart valve repair or replacement, by integrating real-time
transesophageal echocardiography (TEE), which places the ultrasound transducer
close to the heart, and X-ray fluoroscopy.
Key Segments Covered in the Irradiation
Apparatus Industry Survey
Irradiation
Apparatus Market by Usage:
- Irradiation
Apparatus for Diagnostic Purposes
- Irradiation
Apparatus for Therapeutic Purposes
- Irradiation
Apparatus for Dental Purposes
- Irradiation
Apparatus for Chiropractic Diagnostic Purposes
- Irradiation
Apparatus for Industrial & Research Applications
Irradiation
Apparatus Market by Product:
- Gamma
Ray Irradiation Apparatus
- X-ray
Irradiation Apparatus
- High-Speed
Neutrons Irradiation Apparatus
- Electrons
Irradiation Apparatus
- Alpha-Beta
Particles Irradiation Apparatus
Irradiation
Apparatus Market by Application:
- Irradiation
Apparatus for Hospitals
- Irradiation
Apparatus for Industries
- Irradiation
Apparatus for Laboratories
- Irradiation
Apparatus for Other Applications
Irradiation Apparatus Market –
Geographical Insights
The global irradiation apparatus market is geographically
divided into five major regions: the Middle East and Africa, North America,
Latin America, Asia Pacific, and Europe. Previously, North America dominated
this global market due to the presence of top manufacturing capabilities in the
pharmaceutical sector. Aside from that, Europe ranks second and will generate
significant revenues during the forecast period due to the fact that this
region is also one of the top contributors of medicine technology. Furthermore,
the Asia Pacific market is expected to grow significantly in the coming years
due to an increase in the number of brand outlets of international
pharmaceutical companies, particularly in India and China.
Browse
More@ https://www.futuremarketinsights.com/reports/irradiation-apparatus-market
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