The global medical X-ray detectors market, surpassing billion-dollar revenue in 2019, is set for a promising CAGR during 2019 – 2029.
Data Points | Market Insights |
market Value 2021 | USD 2.0 Bn |
market Value 2022 | USD 2.2 Bn |
market Value 2029 | USD 3.2 Bn |
CAGR 2022-2029 | 5.7% |
Share of Top 5 Countries | 60.5% |
Key Players | The key players in Medical X-Ray Detectors market are Varex Imaging Corporation, Troxell, Canon Inc., FUJIFILM Holdings Corporation, KONICA MINOLTA, INC., Agfa-Gevaert N.V., Analogic Corporation, Rayence Co., Ltd., Hamamatsu Photonics, DITECH Corporation, and Teledyne Technologies Incorporated |
Due to a variety of factors, including an increased emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of effective X-ray devices through market consolidation and mergers, the medical devices industry is witnessing an increase in the number of imaging and diagnostic tests performed each year.
Growing numbers of people choose diagnostic imaging tests every year, especially in developing nations, due to the prevalence of cancer, trauma, and sports injuries.
According to the Centers for Disease Control & Prevention (CDC), there were roughly 80 million computed tomography (CT) exams conducted in the United States alone in 2015.
The demand for digital radiography detectors like a-Si detectors has increased significantly as a result of the rise in the number of patients undergoing CT and radiography tests globally and the number of tests performed each year.
These elements have increased the market for medical X-ray detectors by directly increasing demand for a-Si X-ray flat panel detectors.
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Key Takeaways – Medical X-ray Detectors Market Study
- Adoption of flat panel X-ray detectors in the global medical X-ray detectors market has increased significantly owing to distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analog detectors (film-based).
- The introduction of new technology such as the Veradius X-ray system by manufacturers is expected to boost demand for thin flat detector devices and computed radiography (CR) detectors among end users.
- Direct flat-panel medical X-ray detectors with a comparatively higher technical advantages over indirect flat-panel medical X-ray detectors are expected to generate significant revenue.
- Increasing adoption of digital X-ray systems for radiological imaging as compared to retrofit X-ray systems marks high revenue potential for the medical X-ray detectors market.
Cloud-based medical imaging and the growing shift from analog to digital X-ray detectors are key growth opportunities for the medical X-ray detectors market.
The number of imaging and diagnostic tests performed each year is rising in the medical devices industry as a result of a number of factors, including a greater emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of efficient X-ray devices through market consolidation and mergers.
Due to the high prevalence of cancer, trauma, and sports injuries, an increasing number of people choose diagnostic imaging tests every year, particularly in developing countries.
In 2015, the United States alone saw the performance of about 80 million computed tomography (CT) exams, according to the Centers for Disease Control & Prevention (CDC).The number of patients undergoing CT and radiography tests worldwide as well as the volume of tests conducted each year has increased, which has led to a significant increase in the demand for digital radiography detectors like a-Si detectors.
By directly increasing demand for a-Si X-ray flat panel detectors, these factors have expanded the market for medical X-ray detectors.
Strategic Acquisitions Remains Favored Competition Strategy
Leading producers of medical X-ray detectors, such as GE Healthcare, Canon, Philips, and Hitachi, are focusing on business expansions through alliances, mergers, sales agreements, and acquisitions with local producers in developing countries. These mergers and acquisitions aim to lower product development costs, streamline the supply chain, and strengthen market position. In December 2016, Canon Inc. acquired Toshiba Corp.’s medical division. Canon Inc. entered the market for diagnostic imaging devices through the acquisition and benefited from Toshiba Medicals’ core strengths in this field.
This acquisition would be even more beneficial to Canon’s biomedical division.
Key players are focusing on differentiating their products through research, development, and the introduction of new products built on proprietary development technologies. in November 2017 at the Radiological Society of North America (RSNA) trade show. Carestream Health displayed a portable X-ray system with carbon nanotubes.
The system, which works with all of Carestream Health’s DRX a-Si detector devices, made its debut in the May 2018 market for medical X-ray detectors.
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Know More About FMI’s Report on Medical X-ray Detectors Market
From 2014 to 2029, Future Market Insights’ comprehensive research report on anticipated revenue growth at the global, regional, and national levels analyses the most recent market trends in each of the segments.
The market for medical X-ray detectors is segmented in great detail to cover every facet of the market and give the reader a full picture of market intelligence.
On the basis of product, panel size, modality, and end-user, the study offers compelling insights into the market for medical X-ray detectors.
MEDICAL X-RAY DETECTORS MARKET TAXONOMY
The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product
- Indirect Flat-Panel Detectors
- Direct Flat-Panel Detectors
- Computed Radiography (CR) Detectors
Panel Size
- Large-Area Flat-Panel Detectors
- Small-Area Flat-Panel Detectors
Modality
- Portable Detectors
- Fixed Detectors
Module
- Digital X-ray Systems
- Retrofit X-ray Systems
End User
- Hospitals
- Diagnostic Centers
Region
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East And Africa
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