In a recent published report, Kenneth Research has updated the market report for Industrial X-Ray Inspection System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industrial X-Ray Inspection System Market products.
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Kenneth Research has recently added a report titled Industrial X-Ray Inspection System Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
An October 2017 publication by Azoth Analytics titled “Global Industrial X-Ray Inspection System Market – By Imaging Technique, By Digital Imaging Type, By Digital Radiography Type, By End User, By Region, By Country (2017-2022)” indicates that the global industrial x-ray inspection system market has grown at a sustained CAGR Of 5.7% in the period 2012-2017 and amounted to USD 526 million in the year 2017.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Industrial X-Ray Inspection System Market on the basis of Imaging Technique Type (Film Based Imaging and Digital Imaging); By Digital Imaging Type (Digital Radiography, Computer Tomography); By Digital Radiography Type(Direct Digital Radiography, Computed Radiography); By End User Industries (Food and Pharmaceutical, Manufacturing, Automotive, Aerospace, Oil and Gas, Power generation, Government Infrastructure and Others); By Region (North America, Europe, APAC, ROW) and By Country (United States of America, Canada, United Kingdom, Germany, France, India, China, Japan, Brazil, South Africa, Saudi Arabia).
Over the recent years, the global X-ray inspection system industry has been growing rapidly as food and pharmaceutical has been witnessing the highest growth. Globally, the growth in the industrial x-ray inspection system market is driven by rising worldwide growth of automobile and aviation industries along with rising demand of technical advanced systems in the manufacturing industry.
According to Azoth Analytics research report, “Global Industrial X-Ray Inspection System Market – By Imaging Technique, By Digital Imaging Type, By Digital Radiography Type, By End User, By Region, By Country (2017-2022) – By Imaging Technique (Film Based, Digital), By Digital Imaging Type (Digital Radiography, Computed Tomography), By Digital Radiography Type (Direct Digital, Computed Radiography)”, the global market is projected to display a robust growth represented by a CAGR of 6.54% during 2017 – 2022, chiefly driven by rising technical advancements in the inspection systems and rising demand of inline automated inspection system on the product lines of manufacturing industry.
Among the regions, Asia is predicted to advance at the highest rate, mainly driven by growing aviation market and power generation sector which demand highly advance systems. Among the country China and US is predicted to advance at the highest rate driven by rapidly increasing manufacturing industry along with growing vehicle production which are fuelling the demand of high quality x-ray inspection systems.
The report titled, “Global Industrial X-Ray Inspection System Market – By Imaging Technique, By Digital Imaging Type, By Digital Radiography Type, By End User, By Region, By Country (2017-2022) – By Imaging Technique (Film Based, Digital), By Digital Imaging Type (Digital Radiography, Computed Tomography), By Digital Radiography Type (Direct Digital, Computed Radiography)” has covered and analysed the potential of Global Industrial X-ray Inspection System market, provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global industrial x-ray inspection system market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Market (Actual Period: 2012-2016, Forecast Period: 2017-2022)
• Industrial X-Ray Inspection System
• By Imaging Technique Type – Film Based Imaging and Digital Imaging
• By Digital Imaging Type – Digital Radiography, Computer Tomography
• By Digital Radiography Type – Direct Digital Radiography, Computed Radiography
• By End User Industries – Food and Pharmaceutical, Manufacturing, Automotive, Aerospace, Oil and Gas, Power generation, Government Infrastructure, Others
Regional Markets – North America, Europe, APAC, ROW (Actual Period: 2012-2016, Forecast Period: 2017-2022)
• Industrial X-Ray Inspection System
• By Imaging Technique Type – Film Based Imaging and Digital Imaging
• By Digital Imaging Type – Digital Radiography, Computer Tomography
• By Digital Radiography Type – Direct Digital Radiography, Computed Radiography
• By End User Industries – Food and Pharmaceutical, Manufacturing, Automotive, Aerospace, Oil and Gas, Power generation, Government Infrastructure, Others
Country Analysis – United Kingdom, Germany, France, India, China, Japan, Brazil, Saudi Arabia, South Africa, U.S., Canada (Actual Period: 2012-2016, Forecast Period: 2017-2022)
• Industrial X-Ray Inspection System
• By Imaging Technique Type – Film Based Imaging and Digital Imaging
• By Digital Imaging Type – Digital Radiography, Computer Tomography
• By Digital Radiography Type – Direct Digital Radiography, Computed Radiography
• By End User Industries – Food and Pharmaceutical, Manufacturing, Automotive, Aerospace, Oil and Gas, Power generation, Government Infrastructure, Others
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Other Report Highlights
• Market Dynamics – Trends, Drivers, Challenges
• Policy and Regulation
• Company Analysis – Nordon Dage, Nikon Metrology,3DX-Ray,Teledyn DALSA, VJ Technologies, Mettler Toledo, General Electric and Measurement Control, Smiths Group, CEIA.
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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