Global X-Ray Detector Market to Reach $3.5 Billion by 2025

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Editing: 9; Published: February 2022
Executive Pool: 1826
Companies: 46 – Players covered include the Agfa-Gevaert group; Analog society; Canon, Inc.; Carestream Health, Inc.; Fujifilm Holdings Corporation; Konica Minolta Inc.; Rayence; Teledyne DALSA; Thales Group; Varex Imaging Company; Vieworks Co., Ltd. ; YXLON International GmbH and others.
Blanket: All major geographies and key segments
segments: Application (medical, dental, safety, industrial, veterinary); Type (Flat Panel Detectors (FPDs), Computed Radiography (CR) Detectors, Line Scan Detectors, Charge Coupled Device (CCD) Detectors)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.

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ABSTRACT-

Global X-Ray Detectors Market to Reach $3.5 billion by 2025
X-ray detectors are devices designed to measure the flux, spectrum, spatial distribution and other properties of X-rays. These detectors are used in a wide range of applications in various fields including medical/dental, industrial, homeland security and veterinary. Amid COVID-19 crisis, Global X-Ray Detectors Market Estimated at 3 billion US dollars in 2022, is expected to reach a revised size of US$3.5 billion by 2025, registering a compound annual growth rate (CAGR) of 5.5% over the analysis period. United States represents the largest regional market for X-ray detectors, accounting for an estimated 31.0% share of the global total. The market should reach 1 billion US dollars at the end of the analysis period. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 10.1% over the analysis period.

The medical industry accounts for a major share of the global x-ray detectors market. The demand for x-ray detectors in medical applications is showing dynamic growth due to the increasing number of diagnostic and imaging tests performed every year due to the growing burden of chronic diseases and the need for radiological diagnostic tests. The growth of the market is also facilitated by the increase in the cases of cancer, trauma and sports injuries, as well as the resulting need for medical imaging techniques, especially in emerging countries. Market growth is expected to be fueled by the availability of advanced detectors with improved operational and design efficiency and the adoption of sophisticated manufacturing and digital electronics. The increasing use of X-rays in the field of dental diagnostics is expected to further drive the market growth. Some of the other important factors propelling the demand include the popularity of cloud-based services and the emphasis on portable devices. Growing concerns over the storage of patient data generated by imaging techniques are driving companies to offer cloud computing and storage services to healthcare organizations. Additionally, various companies are investing in R&D to develop portable X-ray detectors using flexible electronics for new applications.

The United States represents a major regional market, driven by continuous technological advancements and increasing adoption of minimally invasive procedures. The regional market is benefiting from digital transformation, product innovations and the growing focus on healthcare services. In Asia Pacific region, market growth is facilitated by increasing R&D investments, government regulations for improved security systems, high demand for sophisticated security systems capable of detecting dangerous weapons in cargo. The flat panel display detector (FPD) market is expected to dominate the market growth over the analysis period. Representing advanced digital X-ray devices, FPDs are designed to convert X-rays into light or electrical charge read by thin-film transistors (TFTs). Flat-panel detectors have various advantages over their analog X-ray system counterparts, such as portability, superior image quality, durability, lower radiation doses, and time and cost savings. The segment is expected to benefit from the growing demand for fluoroscopic and interventional imaging techniques for pediatric patients due to their less invasive nature than surgery. Continued

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