Radiography Test Equipment

Radiography Test Equipment

Global Radiography Test Equipment Market to Reach $1.4 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Radiography Test Equipment estimated at US$823.2 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 8.3% over the analysis period 2020-2027. Computed Tomography, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$645.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Direct Radiography segment is readjusted to a revised 8.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $225.9 Million, While China is Forecast to Grow at 11.6% CAGR

The Radiography Test Equipment market in the U.S. is estimated at US$225.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$289.1 Million by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$195.5 Million by the year 2027.

Film Radiography Segment to Record 7.8% CAGR

In the global Film Radiography segment, USA, Canada, Japan, China and Europe will drive the 7.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$118.7 Million in the year 2020 will reach a projected size of US$194.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.7% CAGR through the analysis period.

Select Competitors (Total 11 Featured) -

• Bosello High Technology Srl
• Canon, Inc.
• GE Measurement & Control
• Hamamatsu Photonics KK
• Hitachi Ltd.
• L3 Technologies, Inc.
• Nikon Metrology, Inc.
• North Star Imaging, Inc.
• Olympus Corporation
• Rigaku Americas Holding Company, Inc.
• Teledyne DALSA, Inc.
• Vidisco Ltd.
• YXLON International GmbH

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