X-Ray Detectors Market Development And Future Trends

[Healthcare News]

Market growth factors-

• Growing public and private investments in digital imaging technologies.
• Declining prices and benefits offered by digital detectors.
• Reimbursement cuts for analog X-rays are driving the growth of the X-ray detector market.

Global market size-

According to research report the global X-Ray Detectors Market is projected to reach $3.8 billion by 2024, at a CAGR of 6.1% during the forecast period. 

Leading Players-

The X-ray detectors market is highly competitive with the presence of several small and big players. Some of the prominent players in the market include Varex Imaging Corporation (US), Thales Group (France), Canon, Inc. (Japan), Konica Minolta, Inc. (Japan), Teledyne DALSA Inc. (US), Fujifilm Holdings Corporation (Japan), Agfa-Gevaert Group (Belgium), Carestream Health (US), Vieworks Co., Ltd (South Korea), Analogic Corporation (US), Rayence (South Korea), and Hamamatsu Photonics K.K. (Japan).

Top Segments-

Medical applications to register the highest growth in the X-ray detectors market during the forecast period.

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.

Flat-panel detectors (FPDs) to account for the largest share of the X-ray detectors market in 2019

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.

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Geographic Overview -

In 2019, North America is expected to account for the largest share of the market. The large share of this region is attributed to factors such as technological innovations, increasing healthcare spending, availability of venture capital and government funding, and increasing incidence of chronic diseases. Europe is expected to account for the second-largest share of the market in 2019. Factors such as advancements in healthcare infrastructure, technological advancements, and favorable venture capital funding are expected to fuel the market growth in this region.