Key Question Answer
Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major players financial performance.
Evaluate strategies adopted by major players.
Recommendations
Microfocus X-Ray Sources Market
A form of radiography or X-ray imaging known as "microfocus X-ray" uses X-ray sources with incredibly small focal point diameters. Because of their ability to produce finely detailed, high-resolution images, these X-ray sources are perfect for a wide range of applications where precise imaging is necessary..
A new microfocus X-ray tube that is based on a point-like micro-target and is treated with an unfocused electron beam was investigated. The X-ray intensity produced by the point-like micro-target and the substrate was calculated using the EGS4 Monte Carlo simulation code. The microfocus X-ray tube is an essential part of a micro-Computed Tomography (Micro-CT) system since the size and stability of the X-ray focused spot of the microfocus X-ray tube dictates the majority of the spatial resolution of CT images. However, a variety of factors such as voltage fluctuations, mechanical vibrations, and temperature variations can reduce the size and stability of the X-ray focussing spot.
High-resolution X-ray tubes called microfocus X-ray tubes are used in imaging applications. They are designed to produce a small focal spot size (less than 200 micrometres), which produces X-ray images that are sharper and more detailed. Non-destructive testing, automotive, aerospace, electronics, and healthcare are among the industries that frequently use microfocus X-ray tubes.
Key Players
Hamamatsu Photonics (Japan)
Rigaku (Japan)
Incoatec (Netherland)
Oxford Instruments (United Kingdom)
Nikon Metrology (United States)
SIGRAY (United States)
Trufocus (United States)
Aolong (China)
Unicomp Techology (China)
Excillum (Sweden)
Panalytical (United Kingdom)
Bruker (United States)
Incoatec (Germany)
X-RAY WorX GmbH (Germany)
CANON ANELVA CORPORATION Micro X-Ray (United States)
Nordson-Dage (United Kingdom)
Source 1 X-Ray (United States)
Segmentation
By Type
Below 90 KV
90-120 KV
High 120 KV
By Product
Open Type
Sealed Type
By Application
Casting Inspection
Medical
Science and Research
By Geography
North America
Europe,
Asia Pacific
Rest of the World
Latin America
Middle East & Africa
Market Dynamics
Driver
Market is trending positively thanks to Microfocus X-Ray, which is used in medical imaging and healthcare for diagnostic applications. Standard X-ray imaging has a much lower resolution (up to 100) than microfocus X-ray imaging (MFXI). Consequently, it may be utilised for Point of Care diagnostic purposes. In the medical field, microfocus X-ray sources are being used increasingly frequently due to the need for more precision in diagnosis and treatment, particularly in orthopaedic and dental applications.
Micro-focus X-ray imaging system that can achieve up to 100 times greater resolution than conventional X-ray systems, with a focus size of 10 m.
This MFXI may be incorporated into imaging devices that are utilised in remote medical settings, urgent care centres, and at the patient's bedside.
Rising need for high-resolution imaging across a range of sectors, advancements in imaging technology, and growing awareness of the advantages of non-destructive testing methods are the factors propelling the market.
Restraints
Adoption may be hampered for smaller companies by the high upfront costs associated with acquiring and maintaining microfocus X-ray sources. Growth in the worldwide sector could be hampered by increases in product costs brought on by supply chain interruptions.
High product costs and limited availability of raw materials can pose serious obstacles to the global growth of the microfocus x-ray sources industry. A product's lower accuracy could result in fewer sales, which would lower industry demand globally.
Opportunity
With continuous advancements in X-ray imaging technology, the market for microfocus X-ray tubes seems to be expanding. The market is anticipated to grow at a compound annual growth rate (CAGR) of % over the predicted period. The growth of digital imaging methods, more investments in research and development, and the development of portable and handheld X-ray equipment are all expected to support market expansion. Microfocus X-ray sources are becoming more and more common due to ongoing technological advancements such smaller focal areas, higher image quality, and enhanced X-ray source efficiency.
Microfocus X-ray sources have additional potential applications in novel medical fields including interventional radiology and microsurgery, as well as in research and development. The creation of a portable micro-focus x-ray system that can produce radiographs with ultra-high resolution and work with other advanced imaging systems has been the focus of recent research.
Recent Industry Insight
On April 2023, Nikon releases versatile large-volume X-ray and CT Systems “VOXLS 40 C 450 , combination of 225 kV and 450 kV micro focus X-ray sources developed by Nikon, a mechanism that can adjust the distance between the X-ray source and detector, can respond to a wide range of customer applications.
On April 2020, Spellman Introduces the New μXRB130P65 Micro Focus X-Ray Source for Industrial and Medical Applications
Recent Merger and Acquisition
On April 2023, Nikon’s extensive CT acquisition modes, including X.Tend helical CT, Offset.CT, Panel Scan and Half.Turn CT, are all compatible with the VOXLS 40 C 450, offering increased measurement volume, resolution and image quality.
On Aug. 2022, OpenText UK Holding Limited (Bidco), to acquire the entire issued and to be issued share capital of Micro Focus (LSE: MCRO) and (NYSE (ADS): MFGP) at a price of 532 pence per share (the Acquisition), implying an enterprise value of approximately $6.0 billion on a fully diluted basis.
Key Target Audience
End User
Potential Investors
New Entrants
Innovation and R&D
Suppliers and Manufacturers
Others
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