The Europe X-Ray Detectors Market was worth USD 455.41 million in 2022 and is estimated to grow at a CAGR of 5.91% to reach USD 606.86 million by 2027.
X-Ray Detectors are the accessibility of X-ray imaging equipment, and technology has increased. In addition, as volume has increased, the material's unit price has decreased, making X-ray imaging equipment useful for imaging objects.
Border crossing security checkpoints are the first defense line to prevent the smuggling of drugs, weapons, and explosives. With the increase in global terrorist activity, these security checkpoints play an essential role in protecting the nations, driving the growth of the X-ray detector market, especially in developed regions like Europe. Furthermore, growing awareness of X-ray detectors, increasing investments for R&D, YOY growth in medical tourism, and technological advancements such as wireless X-ray detectors are further boosting the x-ray detectors market growth in Europe. In addition, growing disposable income, increasing incidence of joint pains among the EU population, increasing need for early disease detection, and rising incidence of diseases such as cancer, dental carriers, and others are fuelling the need for the X-ray detectors market in Europe.
The several advantages of x-ray detectors in the healthcare industry are another major factor boosting European market growth. Better image quality, less exposure to x-rays due to recent technological advancements, improved long-term health of patients, and increased portability, resulting in its increased application in orthopedic imaging and dental CBCT, are expected to accelerate the x-ray detectors market growth in Europe. Furthermore, increasing awareness among healthcare professionals due to the increasing incidence of cancers and sports-related injuries, increasing healthcare expenditures, winning a combination of continuous innovation resulting in price reductions, and favorable reimbursements are favoring the European market.
However, the costs associated with the x-ray detectors are proving to be more expensive for middle-income and developing countries to adopt these detectors, which is one of the major factors hampering the market's growth rate. Most of the recently developed advancements in X-ray detectors have a relatively higher cost than traditional x-ray systems, limiting the adoption of these systems in many countries. The presence of alternatives to medical x-ray detectors, other costs associated with the use and maintenance of the system's accessories, and raising awareness of side effects caused by X-rays among the people, such as vomiting, hair loss, bleeding, and fainting. These factors reduce the adoption rate of x-ray detectors, which hampers European market growth.
This research report on the Europe X-Ray Detectors Market has been segmented and sub-segmented into the following categories:
By Digital Systems:
Regionally, Europe was the third-largest market in the world by share after North America and Asia-Pacific in the global market in 2021. Factors such as rising public and private investment in digital imaging technologies, increased incidence of chronic diseases in this region requiring effective diagnosis, rising prevalence of dental diseases, the increase in medical tourism in developing countries, and growth of the senior population with a higher risk of accidents and injury cases, these are mainly associated with the growth of the market in the region. Moreover, the high prevalence of cancer, rapid adoption of advanced technologies with the help of well-established and prominent players in the region, and beneficial features provided by modern x-ray detectors over conventional X-rays are further expected to fuel the growth of the European X-ray detector market.
The UK is foreseen to dominate the European X-ray detector market owing to the well-established healthcare infrastructure, increasing the adoption rate of flat panel detectors by healthcare providers, increased awareness of the non-invasive processes, increase in the number of patients undergoing X-rays, growing business-to-business collaborations in this country, new product launches and much effective early diagnosis of diseases along with comprehensive technologies developed in this country.
In contrast, the German economy is anticipated to primarily follow the UK for sharing the highest dominion in the European X-ray detectors market.
KEY MARKET PLAYERS:
A few of the promising companies operating in the Europe x-ray detectors market profiled in this report are Varian Medical Systems (U.S.), PerkinElmer, Inc. (U.S.), Agfa-Gevaert Group (Belgium), Carestream Health (U.S.), Vieworks Co., Ltd (South Korea), Analogic Corporation (U.S.), Rayence (South Korea), Thales Group (France), Canon, Inc. (Japan), Konica Minolta, Inc. (Japan), Teledyne DALSA Inc. (U.S.), Fujifilm Holdings Corporation (Japan), YXLON International GmbH (Germany), DRTECH (Korea), and Hamamatsu Photonics K.K. (Japan).
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