X-Ray Detectors Market by Technology (Flat Panel, CCD, Computed radiography), FPD (Type (Gadox, CSL, Direct), Portability, Platform (Digital, Retrofit)), Application (Medical, Orthopedic, Industrial, Veterinary, Security) - Global Forecast to 2030
Updated on : April 14, 2023
The global X-ray detectors market in terms of revenue was estimated to be worth $3.1 billion in 2023 and is poised to reach $4.0 billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Due to increasing cardiac arrest in the US and all over the globe, the mortality rate has increased. The help of imaging systems and advancements in imaging products it is helping in cardiac imaging and the early detection of diseases. The developments are enhancing the diagnostic and prognostic skills of medical professionals, which are allowing them to better assist patients with tumors, orthopedic pains, veterinary doctors, and other healthcare providers.
X-Ray Detector Market Dynamics
Driver: Investments to advance healthcare facilities & Digital Imaging Technologies
X-Ray detectors aid healthcare personnel in diagnosing and treating patients. The effective application of advanced technology, such as X-Ray detectors, enables the screening of a higher number of patients at a lower cost and in less time. Growing support, funds, and investments will greatly boost access to these technologies, helping the business to grow even further.
Restraint: High cost of X ray detectors.
Because of the high cost of these devices, the market for X-ray detectors is limited. This is more than simply a barrier; it makes it more difficult for poor and emerging countries to obtain cutting-edge technologies. Many hospitals also lack adequate financing, making it difficult for them to even contemplate using this new technology. As each government attempts to develop and use cutting-edge technology, security checks are no longer performed manually. Then there's the issue of health risks; these detectors have been proved to induce cancer in security applications, which may be a huge drawback.
Another issue that needs to be addressed is the scarcity of qualified radiologists.
Challenge: Lack of animal awareness in emerging and developing countries.
The challenge from global companies remains ongoing for X-ray detectors, and Chinese manufacturers continue to dominate the X-ray detector market. Furthermore, as compared to industrialised nations, investment on animal health is quite low. Growing nations such as India, China, and Africa do not yet have as established understanding of animal health as North America and industrialised countries. These countries continue to prioritise therapeutic medical treatments above operations involving X-ray detectors.
Opportunity: Rising healthcare expenditure across developing countries
The X-ray detectors market holds a lot of promise in rising markets such as APAC and India. As a result of reasons such as population expansion, growing sedentary lifestyles, and the rapid rise of medical tourism, these nations are experiencing considerable increase in medical tourism. These factors are contributing to an increase in health problems such as cardiovascular and neurovascular illnesses. Furthermore, these countries enjoy above-average investment returns and a skilled labour pool. Government initiatives and policies encourage and expand the medical tourism sectors in these nations.
By application, the medical application segment accounted for the largest share of the X-ray detectors market during the forecast period.
The medical segment accounted for the largest share of the market in the US. This segment is projected to reach USD 2,828.2 million by 2030 from USD 2,048.0 million in 2021, at a CAGR of 5.3% during the forecast period.
By region, APAC is expected to grow at the fastest rate during the forecast period, whereas North America has the highest share in the X-Ray detectors market.
The APAC area is growing faster than the rest of the globe due to causes such as growing populations, an increase in orthopaedic abnormalities in newborns and seniors, and a surge in demand for cancer screening tests and precise diagnoses. Many multinational corporations are establishing bases and increasing their services in these emerging countries.
Because of the increased use of digital radiography, the Asia Pacific X-ray detector market is predicted to grow at the quickest rate of 6.4%. The substantial potential of X-ray detectors in the early identification of numerous ailments, as well as the high acceptance rate, are assisting the Asian market to grow rapidly.
North America is expected to be the largest region of the X-ray detectors market during the forecast period.
North America, which comprises the United States and Canada, dominated the market. The growing number of target diagnostic and interventional procedures in the area, as well as the region's high illness prevalence, expanding geriatric population, and high market availability of modern interventional devices (including microcatheters), are driving the expansion of the North American X-Ray detector market.
Prominent players in the market are Varex Imaging Corporation (US), Canon(Japan), Fujifilm Holdings Corporation( Japan), Teledyne Technologies(US) and Thales Group (France).
X-Ray Detectors Market Segmentation
This report has segmented the global X-Ray detectors market into following segments & sub-segments:
By product
- Flat Panel detectors
- Computed Radiography detectors
- Line-Scan detectors
- Charged coupled device detectors
By application
- Medical applications
- Dental Applications
- Security Applications
- Veterinary Applications
- Industrial Applications
By region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Recent Developments
- Varex Imaging Corporation debuted the AZURE flat Panel detector at RSNA 2023 in November 2023. For real-time imaging applications, the device features faster integration, high speed, and low noise.
- Thales Group introduced the Pixium 3040F in March 2021, which offers great picture quality, optimised spatial resolution, improved contrast, and superior sensitivity at low doses when used in radiotherapy.
- Canon Inc announced the XCDI-RF wireless B1, wireless FPD in Japan in March 2021 for radiography and fluoroscopy.