Increasing technological innovation and the launch of effective x-ray equipment such as filmless imaging machines would drive market growth
Increasing technological innovation and the launch of effective x-ray equipment such as filmless imaging machines would drive market growth
The global x-ray detector market size is expected to reach USD 4.19 Billion in 2028 registering a CAGR of 6.2% over the forecast period, according to a latest report by Reports and Data. Major factor driving market revenue growth are rising technological innovation and the launch of effective x-ray equipment such as filmless imaging machines.
Over the forecast period, the market is expected to register significant growth due to lower prices, improved image quality due to technological advancements, and strong financial backing from venture capitalist firms. Furthermore, the global x-ray detectors market is expected to be driven by an increase in the elderly population base, expanding knowledge about the radiography system, favourable government initiatives, and substantial expenditure in research & development over the projected period.
X ray detectors market revenue will also expand in countries like India and Brazil due to the continued development of wireless x-ray detectors and expanding medical tourism. Increasing disposable income and demand for early-stage illness diagnostics are expected to drive market expansion throughout the forecast period.
However, the high cost of digital X-ray systems is expected to restrain the growth of this market to a significant extent over the forecast period.
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Some Key Highlights from the Report:
- Innovation is driving the growth of x-ray detectors market. For instance, in June 2021, Duke University engineers exhibited a prototype X-ray scanning system that reveals not just an object’s structure but also its chemical makeup. The technique could transform a wide range of industries, including cancer surgery, pathology, drug testing, and geology, owing to its exceptional resolution and accuracy.
- On the basis of type, the market is segmented as flat-panel detectors, line-scan detectors, computed radiology detectors, and CCD (Charge Coupled Device) detectors. In 2020, the flat panel detector accounted for largest market share due to their widespread use in medical and veterinary application.
- Of the various panel size segments of the market, small area flat panel detectors segment is expected to register robust revenue growth over the forecast period. This is owing to rapid technological innovation coupled with the growing demand for portable medical devices.
- In 2020, the medical application segment accounted for the largest x-ray detectors market revenue share owing to the large volume of x-ray procedures. The dental and veterinary segment will register high growth rate over the forecast period owing to increasing incidence of dental disorders and in-vitro testing market.
- North America x-ray detectors market is expected to account for largest revenue share over the forecast period due to technological innovation and advances in non-invasive medical procedures.
- Revenue from the Asia Pacific vendor neutral archive market projected to grow at a significantly high CAGR due to the government initiatives for increasing expenditure in the healthcare sector and growing research-based activities.
- Prominent players in the market are: YXLON International Gmbh, Teledyne Dalsa, Canon, Inc., Agfa, Thales, Analogic Corporation, Varian Medical System, Fujifilm Medical Systems, Konica Minolta, Inc. and PerkinElmer.
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For the purpose of this report, Reports and Data has segmented the global x-ray detector market on the basis of type, panel size, application, and region:
Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Flat-Panel
- Line-Scan
- Computed Radiology
- Charge Coupled Device
Panel Size Outlook (Revenue, USD Billion; 2018 – 2028)
- Small Area
- Medium Area
- Large Area
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Medical
- Security
- Veterinary
- Dental
- Industrial
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Regional Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of Middle East & Africa
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