X-Ray Machine Manufacturing
The X-Ray Machine Manufacturing industry has experienced significant growth over the five years to 2016. While X-ray technology has evolved in recent years, stimulating demand for the industry's latest products, the single largest underlying source of industry growth has been the Patient Protection and Affordable Care Act (PPACA). Since the law was passed, public and private funding for health insurance has increased dramatically, expanding patient access to medical services and driving demand for new or replacement medical devices, including X-rays. The industry has consistently faced competitive pressure from overseas medical device manufacturers. Major manufacturers in traditional overseas medical device manufacturing powerhouses have long threatened industry growth with their highly regarded brand-name irradiation machines. IBISWorld expects industry growth to remain strong over the five years to 2021, although revenue will increase at a much slower rate in the absence of the stimulus provided by the PPACA.
This industry manufactures diagnostic imaging machines for X-rays, including combination X-ray/CT scanners. This industry includes manufacturers who produce X-ray machine parts and accessories, but does not include manufacturers of X-ray film. Companies in the industry also manufacture other irradiation devices, including beta, gamma and neutron radiation equipment.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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