Prognosis positive: New technology and surging demand for healthcare lead to strong growth

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 11-16
11.7%
Forecast Growth 16-21
Profit
Employment
16,587
Businesses
173

Industry Threats & Opportunities

  • The industry has consistently faced competitive pressure from overseas medical device manufacturers
  • Increased participation in the industry has intensified competition
  • Growth will likely slow as the healthcare sector adjusts to the influx of newly insured patients
  • Industry Report - Industry Investment Chapter

    Capital intensity is relatively low for the X-Ray Machine Manufacturing industry. For every dollar spent annually on labor, the average industry operator will dedicate only $0.10 to capital expenditures, such as factory equipment. Although operators require a fair amount of heavy machinery for product design and manufacturing, the industry's significant wage costs render it labor intensive. Operators in this industry must hire and retain highly trained engineers with very specific skill sets, who are able to demand high wages. Moreover, industry companies compete by striving to offer the most technologically advanced X-ray machines on the market. Thi...purchase to read more.

    Additional Insights for the X-Ray Machine Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the X-Ray Machine Manufacturing Industry are

  • Ensuring pricing policy is appropriate
  • Understanding government policies and their implications
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Demand from dentists in the X-Ray Machine Manufacturing industry impact industry performance..

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    What's in this report

    What is the X-Ray Machine Manufacturing Industry?

    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.

    Industry Products
  • Specialized X-rays (with contrast agents)
  • X-ray/CT scans
  • Medical information systems
  • General X-rays (without contrast agents)
  • Other X-ray devices
  • Beta, Gamma and Neutron devices
  • Industry Activities
  • Manufacturing X-ray machines (including X-ray/CT scanners)
  • Manufacturing X-ray machine parts and accessories
  • Manufacturing beta, gamma and neutron radiation equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of physician visits
  • Demand from dentists
  • Trade-weighted index
  • Research and development expenditure

  • Current Performance
    Health reform and economic growthProfit and industry structureInternational trade
  • Chart: Revenue Growth

  • Industry Outlook
    Continued effects of tradeImpact of technology
  • Table: X-Ray Machine Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - X-Ray Machine Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Specialist Doctors
  • Hospitals
  • Psychiatric Hospitals
  • Specialty Hospitals

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Computer Manufacturing
  • Laminated Plastics Manufacturing
  • Plastic & Resin Manufacturing
  • Semiconductor Machinery Manufacturing

  • Products & Services
  • Beta, Gamma and Neutron devices
  • General X-rays (without contrast agents)
  • Specialized X-rays (with contrast agents)
  • Other X-ray devices
  • X-ray/CT scans
  • Medical information systems
  • Chart: X-Ray Machine Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals
  • Exports
  • Outpatient Care Centers
  • Other
  • Doctors
  • Chart: Major Market Segmentation for the X-Ray Machine Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs X-Ray Machine Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the X-Ray Machine Manufacturing Industry

  • Industry Globalization
    General Electric Company, Siemens AG, Philips Healthcare,
  • Table: General Electric Company - financial performance
  • Table: Siemens AG - financial performance
  • Table: Philips Healthcare - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the X-Ray Machine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the X-Ray Machine Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of physician visits (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Contrast Agent
  • Contrast agents, or contrast mediums, enhance the contrast of structures or fluids inside the body to assist with medical imaging.
  • Fluoroscopy
  • Medical imaging that uses an X-ray beam and transfers these images to a monitor, providing images of body part movement with the assistance of contrast agents.
  • Radiopharmaceutical
  • A radioactive pharmaceutical or chemical (usually radioactive iodine or cobalt) that is used in conjunction with X-rays for diagnostic and therapeutic purposes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on X-Ray Machine Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on X-Ray Machine Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The X-Ray Machine Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on X-Ray Machine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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