According to research report the global X-Ray Detectors Market is projected to reach USD 3.8 billion by 2024 from USD 2.8 billion in 2019, at a CAGR of 6.1% during the forecast period.
Factors
such as declining prices and benefits offered by digital detectors,
growing public and private investments in Digital Imaging technologies
and reimbursement cuts for analog X-rays are driving the growth of the
X-ray detectors market.
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Based
on type, the market is segmented into flat-panel detectors (FPDs),
computed radiography (CR) detectors, charge-coupled device (CCD)
detectors, and line-scan detectors. In 2019, the flat-panel detectors
segment is expected to account for the largest share of the X-ray
detectors market. The growth in this market is mainly driven by the
advantages offered by FPD-based portable digital systems (such as
high-quality images, faster scanning, increased patient throughput, and
multiple storage options), their decreasing prices, and the growing
demand for retrofit FPD-based digital X-ray systems.
By
application, the market is segmented into medical, dental, security,
veterinary, and industrial applications. The medical applications
segment is expected to grow at the highest rate during the forecast
period. The growth in this segment can primarily be attributed to the
advancements in medical technology, rising geriatric population, and the
increasing number of orthopedic and cardiovascular procedures.
Data Triangulation
After
arriving at the overall market size from the market size estimation
process, the total market was split into several segments and
subsegments. To complete the overall market engineering process and
arrive at the exact statistics for all segments and subsegments, data
triangulation and market breakdown procedures were employed, wherever
applicable. The data was triangulated by studying various factors and
trends from both the demand and supply sides.
Recent Developments
>
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 position in the healthcare industry.
The
X-ray detectors market is highly competitive with several big and small
players. Prominent players in this market include Varex Imaging
Corporation (US), Thales Group (France), Canon, Inc. (Japan), Fujifilm
Holdings Corporation (Japan), Agfa-Gevaert Group (Belgium), Carestream
Health (US), Vieworks Co., Ltd (South Korea), Hamamatsu Photonics K.K.
(Japan), Konica Minolta, Inc. (Japan), Teledyne DALSA Inc. (US),
Analogic Corporation (US), Rayence (South Korea), and DRTECH (South
Korea).
Recent Developments
> 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 position in the healthcare industry.
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In
2019, North America is expected to account for the largest share of the
X-ray detectors market, followed by Europe, Asia, and the RoW. The
large share of North America is attributed to factors such as
technological innovations, increasing healthcare spending, availability
of venture capital and government funding, and increasing incidence of
chronic diseases in the region.
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