Global X-Ray Detector Market Report 2022: Rise in Demand for Digital Imaging Technology Boosts Growth

DUBLIN, Dec. 13, 2022 /PRNewswire/ -- The "Global X-Ray Detector Market: Analysis By Technology (Flat panel detector, Computed Radiography, Line Scan detector and CCD detector), By Application (Medical, Industrial, Security and Veterinary) By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2027" report has been added to  ResearchAndMarkets.com's offering.

In 2021, the global x-ray detector market was valued at US$5.54 billion, and is probable to reach US$7.86 billion by 2027.

Price reductions, improved image quality due to technological advancement, and strong support from venture capitalist firms for providing funds are also expected to drive market growth over the next coming years. The x-ray detector market is projected to grow at a CAGR of 6.01%, during the forecast period of 2022-2027.

Market Segmentation Analysis:

• By Application: According to the report, the global x-ray detector market is segmented into four applications: Medical, Industrial, Security and Veterinary. Medical segment acquired majority of share in the market in 2021, due to the growing geriatric population, increasing number of orthopedic, mammography and cardiovascular procedures and technological advancements in x-ray devices. On the other hand, industrial segment is expected to have the highest CAGR in the future due to the various computed radiography vendors who improved digital radiography scanners, phosphor imaging plates, and software programs.
• By Technology: The report splits the global x-ray detector market into four technology: Flat panel detector, computed radiography, line scan detector and CCD detector. In 2021, Flat panel detector segment held the maximum share in the market, due to various benefits such as easier positioning during clinical studies, lack of geometric distortion and chemical processing, etc. However, CCD detector is predicted to have the highest CAGR in the future because these detectors are highly sensitive photon detector used in digital radiography for the indirect conversion of X-ray photons into an electric charge.
• By Region: According to this report, the global x-ray detector market can be divided into five major regions: Asia Pacific (China, Japan, India, South Korea and Rest of Asia Pacific), North America (The US, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Latin America and Middle East and Africa. The North America x-ray detector market enjoyed the highest market share in 2021, primarily owing to the presence of well-developed healthcare facilities, high R&D investment by major players, and rising medical imaging procedures leading to the growth of x-ray detector market in countries like the US and Canada.

Global X-Ray Detector Market Dynamics:

• Growth Drivers: The rapid economic development and increasing healthcare expenditure in several emerging countries, such as China, India, Brazil, and Mexico, are expected to improve access to quality healthcare in these countries. This is considered a positive indicator for the X-ray detectors market. Further, the market is expected to increase due to growing geriatric population, surge in various diseases, uses of x-ray detectors in different industries, rise in demand for digital imaging technology, favorable re imbursement policies for x-ray diagnostics, etc.
• Challenges: Many hospitals in developing countries cannot invest in X-ray detectors equipment (such as X-ray detectors units, high-end CT scanners) due to budget constraints, high equipment costs, and poor reimbursement rates. The other challenge that x-ray detector market face is high cost of x-ray test equipment, health hazards of full body scanning, etc.
• Trends: A major trend gaining pace in x-ray detector market is wireless x-ray detectors. The fantastic mobile X-ray test operates independently while taking x ray images on the spot. Furthermore, because it does not include any cables, this x-ray scanner simplifies the process of sterilizing the detector. More trends in the market are believed to augment the growth of x-ray detector market during the forecasted period include artificial intelligence in radiology for x-ray and CT scan image analysis, flexible x-ray detectors made from metal-organic frameworks, robotic x-ray imaging system (RTG), etc.

Key Players

• Varex Imaging Corporation
• Agfa-Gevaert N.V. (Agfa)
• Hamamatsu Photonics K.K
• FUJIFILM Holdings America Corporation
• Konica Minolta, Inc.
• Teledyne Dalsa
• Canon Medical Systems Corporation
• Rayence Inc.
• Vieworks Co., Ltd.
• Carestream Health
• Analogic Corporation
• Careray Digital Medical Technology Co., Ltd.
• iRay Technology Company Limited
• Trixell Organization

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Impact of COVID-19

6. Market Dynamics

7. Competitive Landscape

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/plbln6

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SOURCE Research and Markets