Positive prognosis: New technology and surging demand for healthcare will lead to strong growth

During the recession, many healthcare providers held off on purchasing industry devices. As the economy began to recover many of these healthcare providers opted to purchase X-Ray equipment, resulting in high revenue in 2013. However, revenue has since declined because much of the equipment purchased in 2013 has not yet depreciated. As the equipment purchased in 2013 begins to need to be replaced, industry revenue is expected to grow over the next five years. Additionally, over the five years to 2023, the number of physician visits is projected to rise at an annualized rate of 1.5%, supporting further demand for X-ray machines...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 13-18
-3.1%
Forecast Growth 18-23
Profit
Employment
18,339
Businesses
162

Industry Threats & Opportunities

  • Industry revenue has declined from an inflated peak at the beginning of the five-year period
  • Despite profit and revenue declines, new companies have entered the industry
  • Growth is projected to be consistently positive as a result of strong domestic production
  • Industry Report - Industry SWOT Analysis Chapter

    The X-Ray Machine Manufacturing industry is currently in a growing life cycle stage. Manufacturers face steady competition from overseas producers, but booming demand for medical care in the United States has supported significant industry growth during the past five years. Industry value-added (IVA), a measure of the industry's contribution to the overall US economy, has grown since 2013, driven by growth in industry profit, wages and capital expenditures. Wages in particular have grown significantly during the past five years, and are expected to continue to increase during the next five years, as advanced technology makes X-ray machines more complicated, requiring higher-paid design and research personnel. IVA is expected to grow an annualized 0.7% o...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 growth
  • Profit and industry structure
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued effects of trade
  • Impact 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
  • Exports
  • Hospitals
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Number of physician visits (2009-2023)

  • 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?

    The X-Ray Machine Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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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