Irradiation Apparatus Market Size, Trends, Share Analysis And Report 2024-2033

Overview and Scope

Irradiation apparatus refers to the equipment and devices used in the process of irradiation, which involves exposing an object or material to high-energy radiation. It is used to ionize radiation to treat medical conditions, sterilize equipment, preserve food, and conduct research and industrial processes.

Sizing and Forecast

The irradiation apparatus market size has grown steadily in recent years. It will grow from $5.68 billion in 2023 to $6.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%.  The growth in the historic period can be attributed to public health concerns, globalization, public perception and acceptance, public health concerns, research and development initiatives.

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Segmentation & Regional Insights

The irradiation apparatus market covered in this report is segmented –

1) By Type: X-Rays, High Speed Neutrons, Electrons, Gamma Rays, Alphabeta Particles

2) By Usage: Diagnostic Purposes, Therapeutic Purposes, Dental Purposes, Chiropractic Diagnostic Purposes, Industrial And Research Applications

3) By Application: Hospital, Industry, Laboratory, Other Applications

North America was the largest region in the irradiation apparatus market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the irradiation apparatus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rising expenditure on healthcare is expected to propel the growth of the irradiation apparatus market going forward. Expenditure on healthcare refers to the total amount of money spent on health-related goods and services within a specific period, encompassing costs related to medical treatment, medications, hospital care, preventive measures, and overall healthcare infrastructure development. The role of high healthcare spending on irradiation apparatus is significant because radiation treatment is resource-intensive, capital-intensive, and technology-intensive, particularly when it comes to the establishment and upkeep of radiation therapy facilities. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, between 2020 and 2021, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. Furthermore, spending on preventive care was $45.72 billion in 2021, more than doubling from 2020. Therefore, the rising expenditure on healthcare is driving the growth of the irradiation apparatus market.

Key Industry Players

Major companies operating in the irradiation apparatus market report are Hitachi Ltd., Siemens Healthcare Private Ltd., Fujifilm Holdings Corporation, GE Healthcare, Philips Healthcare, Ametek Inc., Shimadzu Corporation, Varian Medical Systems Inc., Agfa-Gevaert, Carestream Health Inc., Orion Corporation, Toshiba America Medical Systems Inc., Steris PLC, BioWave Corporation, Comet Yxlon GmbH, KaVo Dental, PROTEC GmbH & Co. KG, Canon Medical Systems Corporation, Ziehm Imaging Inc., Mitsubishi Electric Corporation, Techno-Aide, Allengers infotech, Narang Medical Limited, Xoran Technologies Inc., EIZO Inc., Control-X Medical Ltd.

The irradiation apparatus market report table of contents includes:

1. Executive Summary
2. Irradiation Apparatus Market Characteristics
3. Irradiation Apparatus Market Trends And Strategies
4. Irradiation Apparatus Market – Macro Economic Scenario
5. Global Irradiation Apparatus Market Size and Growth
..
32. Global Irradiation Apparatus Market Competitive Benchmarking
33. Global Irradiation Apparatus Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Irradiation Apparatus Market
35.Irradiation Apparatus Market Future Outlook and Potential Analysis
36. Appendix

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