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Global X-Ray Detectors Market Size, Share, Trends, Growth, COVID-19 Impact and Growth Analysis Report – Segmented By Application, Type, Panels, Portability, Digital Systems and Region - Industry Forecast (2022 to 2027).

Published: January, 2022
ID: 7397
Pages: 175
Formats: report pdf report excel report power bi report ppt

X-ray detectors Market Size (2022 to 2027)

As per our report, the size of the global X-ray detectors market is predicted to be worth USD 3.85 billion by 2027 and USD 2.86 billion in 2022, growing at a CAGR of 6.1% during the forecast period.

X-implantation of X-ray detectors plays a crucial role in security and safety against the smuggling of weapons, explosives, and drugs at the borderline of defense. Advancements in x-ray technology detection are primarily utilized to screen individuals for treatment monitoring and medical analysis as they produce high accuracy while penetrating through skin and tissues. 

Impact of COVID-19 on the global x-ray detectors market:

The COVID-19 pandemic has favored the global x-ray detectors market and gained stimulant funds for x-ray systems to support and accelerate required diagnostic imaging amenities. There is an increasing demand for digital X-ray radiography during the pandemic period. The rising prevalence of diagnosing COVID 19 through x-rays has created an acceleration in the market. Imaging techniques such as x-ray and other devices are essential to recognize the COVID-19 impact on testing suspected cases and course. In addition, these techniques help healthcare providers to promote quality treatment procedures. Therefore, the market shares to continue at the same pace during the forecast period. 

MARKET DRIVERS:

Increasing investments support digital imaging technologies, and the cost-friendly nature of digital detectors are primarily accelerating the global x-ray detectors market growth.

The innovations of wireless X-ray detectors, growing medical tourism in developing countries, and emerging markets are expected to provide a wide range of growth opportunities for players in this market during the forecast period.

Furthermore, Y-O-Y growth in the prevalence of chronic disorders such as arthritis, orthopedic diseases, and respiratory diseases drives the demand for X-ray imaging and hence the market for X-ray detectors. Besides, an increasing number of diagnostic centers worldwide fueled by the growing need for early diagnosis propels the demand for advanced X-ray systems. After exposure, the processing need culminates the market for photographic films and boosts the demand for flat-panel detectors and line-scan detectors.

Additionally, factors such as a decrease in equipment cost due to increasing the accessibility of x-ray imaging equipment, improving the efficiency of imaging tools to image many objects primarily drive the global x-ray detectors market. Additionally, high-quality imaging, advancements in medical technology, multiple storage options, the rising geriatric population, and the rising incidence of orthopedic and cardiovascular diseases further accelerate market growth.

Technological advancements, increasing the geriatric population, rising incidences of orthopedic, and growing use of imaging technology are other factors propelling the global x-ray detectors market growth. As there are innovations of capable x-ray devices such as filmless imaging machines, better image quality and decreased cost will drive the market's growth. Increasing support from governments in the funding process will also help drive the growth of the market. Continuous research and development will lead to the progress and development of x-ray detector devices, which will fuel their demand and adoption rates.

MARKET RESTRAINTS:

The significant challenges restricting the growth of the x-ray detectors market are stringent regulatory procedures and obligations of excise tax by governments. In addition, as per the analysis, the high cost of Digital X-Ray systems is expected to restrain the growth of this market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Application, Panels, Type, Portability, Digital Systems, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This market research report on the global x-ray detectors market has been segmented based on the application, panels, type, portability, digital systems, and region.

X-Ray Detectors Market - By Type:

  • CSI
  • GADOX
  • CCD
  • FPD
  • Line Scan

Based on type, the Flat panel detector (FPD) segment is predicted to hold the largest share in the global x-ray detectors market during the forecast period. Benefits associated with the flat panel detectors, such as excellent image quality and the capacity to retrofit into the existing x-ray tables and reduce costs and increase demand for FPDs, successfully drive the market demand. The FPDs are deformation-free imaging, highly sensitive, and quicker than photographic films. In the Asia-Pacific region, the FPDs market witnesses a high double-digit growth rate in terms of volume. Growth in digital technology, rising affordability for digital detectors, and good regulatory reforms support the quick adoption of FPDs.

Line Scan and CCDs are expected to experience the fastest growth rate in the global x-ray detectors market during the forecast period. Therefore, these two segments have got moderate opportunities in the market.

X-Ray Detectors Market - By Application:

  • Mammogram
  • Security
  • Industrial
  • Dental
  • Medical
  • Orthopedic
  • NDT

Based on the application, the medical application x-ray detectors segment is predicted to account for the maximum share in the global x-ray detectors market during the forecast period. The increase in the aging population majorly drives the segment growth as they are more exposed to chronic ailments and a growing number of orthopedic and mammography procedures. In addition, technology advancements in x-ray devices contribute a significant share to the market growth.

X-Ray Detectors Market - By Panels:

  • Small
  • Large

The large area flat panel detectors section is expected to dominate the global x-ray detectors market based on panel size. Therefore, it is likely to expand rapidly with a CAGR of 6% in North America and the Asia Pacific during the estimated forecast period.

X-Ray Detectors Market - By Portability:

  • Fixed
  • Portable

The fixed x-ray detectors segment is predicted to dominate the x-ray detectors market based on the portability analysis. In India and China, the fixed portability segment is growing significantly due to the increased demand for varied healthcare settings and significant improvements in healthcare infrastructure.

X-Ray Detectors Market - By Digital Systems:

  • New
  • Retrofit

Based on the digital systems, the retrofit segment is projected to hit a high CAGR during the analysis period based on the digital systems analysis. This is because the cost of these products is low, and high-quality imaging efficiency escalates the x-ray detectors market growth.

X-Ray Detectors Market - By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, the North American market is predicted to lead the global market during the forecast period, followed by Asia-Pacific and Europe. North America has a robust healthcare system and is fully equipped with technological innovations, estimated to favor the North American X-ray detectors market.  As per our report, North America is way forward than other regions to dominate the global X-ray detectors market during the forecast period and accounted for the highest number of shares in 2019, followed by Europe and Asia. The large share of North America is attributed to technological innovations, increasing healthcare spending, venture capital and government funding availability, and the growing incidence of chronic diseases.

The market in Asia is expected to witness the highest growth during the forecast period. The growing adoption of digital imaging systems, rising disposable income, growing awareness programs and symposia, and increasing venture capital investments have significant growth in the market. Y-O-Y growth in the adoption of digital X-ray systems is touted to fuel the demand for X-ray detectors in the Asia Pacific. Further, emerging economies such as India, China, Brazil, Russia, and Mexico are target markets for companies offering X-ray equipment due to the rapidly growing economy and untapped opportunities in these countries. Brazilian X-ray equipment firm Xpro was bought by GE healthcare in 2012 to increase its market presence in the Latin America region.

KEY MARKET PARTICIPANTS:

Some of the prominent manufacturers in the market include 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).

The global x-ray detectors market is filled with numerous companies and has fierce competition. As a result, key market participants adopted acquisitions and new product launches to better their market position.

RECENT MARKET DEVELOPMENTS:

  • In April 2019, Varex imaging corporation expanded its product portfolio by acquiring primary shares in Direct Conversion AAB (publ).
  • In March 2018, Teledyne Corporation announced its manufacturing units' extension due to the high demand for CMOS-based digital x-ray detectors or metal-oxide-semiconductor.
  • In May 2017, Varex Imaging Corporation acquired PerkinElmer's medical imaging business to expand its digital flat-panel detectors business.
  • In December 2016, Canon Inc. acquired Toshiba Medical Systems Corporation to enhance its healthcare industry position.
  • In November 2015, FujiFilm Medical Systems announced its highly enhanced digital x-ray detectors.

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