Global Portable X-ray Generator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Portable X-ray Generator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An X-ray generator is a device used to generate X-rays, and its main purpose is to detect the internal structure of the object without destroying it. It can also be used for sterilization or fluorescence excitation.

A portable X-ray generator is an X-ray unit that's smaller than a fixed one and can be moved.

Market Overview:

The latest research study on the global Portable X-ray Generator market finds that the global Portable X-ray Generator market reached a value of USD 125.72 million in 2022. It’s expected that the market will achieve USD 166.76 million by 2028, exhibiting a CAGR of 4.82% during the forecast period.

The outbreak of covid -19 affected the normal operation of the industry

The raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on portable X-ray generator industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, during the COVID-19 period, the logistics speed slowed down or even stopped, and the supply of raw materials for portable X-ray generator production was tight. The company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected. After the epidemic is over, it will also face the financial pressure of rising costs caused by the shortage of raw materials.

Affect product export

COVID-19 epidemic has swept the world, and the inspection standards of imported products by customs of various countries have been significantly improved. At the same time, restrictions on the movement of people have also increased. Restricting people's entry and exit will lead to the sales staff of export enterprises unable to attend foreign exhibitions. There is a risk of decreasing the order quantity of enterprises. In areas with severe epidemic situation, some employees of enterprises can't go to work due to epidemic situation, which may cause product production stagnation or delayed completion. The shortage of personnel leads to the long-term overload of on-the-job personnel at present, which puts great pressure on the safe and stable operation of enterprises.

Technical Progress

Advances in medical imaging, primarily computed tomography (CT) technology, have led to rapid growth in X-ray examinations. Advances in technology, such as changing the design of the computer-controlled X-ray generator to interface with the imaging system, can allow the imaging system (usually with the X-ray generator) to be better synchronized. The emergence of technically sophisticated x-ray tubes coupled with innovative offerings such as carbon nanotubes are envisaged to offer high-income opportunities for players in the portable x-ray generator market.

Intense market competition

The portable X-ray generator market is competitive owing to a large number of manufacturers present globally. In order to sustain in the highly competitive market, major players are offering quality products at considerably low cost. This could result into reduced profits, which is a factor restraining revenue growth of the target market. In developing countries or regions, the presence of numerous players that offers portable X-ray generator at lower prices to attract price-sensitive customers poses a significant threat to the market. Despite steady sales, the market for portable X-ray generator has failed to achieve its full potential owing to competitive pricing strategies applied by regional players.
With major manufacturers and suppliers in the portable X-ray generator industry competing globally, the intensity of competition within the portable X-ray generator industry has increased. In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality, sales channels and R&D strength, they will be unable to maintain their existing competitive position in the portable X-ray generator market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.

Region Overview:

In 2021, the share of the Portable X-ray Generator market in North America stood at 44.28%.

Company Overview:

COMET Group is one of the major players operating in the Portable X-ray Generator market, holding a share of 16.08% in 2022.

COMET Group

COMET Group is a technology company that develops and produces components and systems based on x-ray, radiofrequency, and beam. Its offerings are used in the automotive and aerospace industries, in computer chip fabrication, and in the production of aseptic packaging.

Teledyne ICM

Teledyne ICM is a worldwide-active company specialized in the development and manufacturing of portable X-Ray generators and scanners for Security purposes and Non-Destructing Testing.
On the back of a portfolio that counts more than 30 different products, including the now well-known SITEX and SITEX CP Series ranges, as well as the security detectors FLATSCAN, Teledyne ICM continue, to grow year upon year.

Segmentation Overview:

Among different product types, High Frequency X-Ray Generators segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Medical Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Portable X-ray Generator market covered in Chapter 3:

Sedecal
EcoRay
MinXray
Landwind
COMET Group
Medical ECONET
Poskom
Teledyne ICM
Golden Engineering
Veterinary X-Rays Ltd.
JPI Healthcare Solutions

In Chapter 4 and Chapter 14.2, on the basis of types, the Portable X-ray Generator market from 2018 to 2029 is primarily split into:

Variable Frequency X-Ray Generator
Constant Frequency X-ray Generator

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Portable X-ray Generator market from 2018 to 2029 covers:

Industrial Use
Medical Use
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)