Future Outlook of X-Ray Detectors Market Poised to Achieve CAGR of 5.84% by 2023 | Major Key Players (VARIAN MEDICAL SYSTEMS, PERKINELMER, THALES GROUP, FUJIFILM MEDICAL SYSTEMS (A FULLY OWNED SUBSIDIARY OF FUJIFILM HOLDINGS CORPORATION), AGFA HEALTHCARE)

The Global X-Ray Detection market is expected to register a CAGR of 5.84%, during the forecast period (2018-2023). The scope of the report is limited to Detector types offered by major players, which involves Flat Panel Detectors, Computed Radiography (Cr) Detectors, Line-Scan Detectors, and Charge Coupled Device (CCD) Detectors. While the applications considered in the scope of the report include Medical Applications, Dental Applications, Security Applications, Industrial Applications (Non-Destructive Testing), Veterinary Applications.

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X-Ray detectors became technologically advanced after World War II. The solid-state detectors were cheap and had high collection efficiency. Moreover, they required no moving parts. The smaller version of detectors has enabled the integration of analytical procedures and portability. Further, the advancements in analytical procedures, such as indirect excitation of x-ray spectra bulk samples and combinations of instruments in a smaller space are expected to boost the market during the forecast period. With the advancements in technology, x-ray detection has evolved to become more safe, effective and easy to use. The rising geriatric population and increasing government investments on medical devices are boosting the market over the forecast period. Medicines make up the dominant market for x-ray equipment.

Key Developments In The Market
• March 2018 - Teledyne DALSA Inc. has expanded its manufacturing facility owing to the increased demand for the company’s CMOS based digital X-Ray detectors
• March 2018 - the commercialization of Peco-InspX X-Ray containment detection systems has been signed with Valcour Process Technologies in the US and Canadian Markets

The major players include –
VARIAN MEDICAL SYSTEMS, PERKINELMER, INC., THALES GROUP, FUJIFILM MEDICAL SYSTEMS (A FULLY OWNED SUBSIDIARY OF FUJIFILM HOLDINGS CORPORATION), AGFA HEALTHCARE, KONICA MINOLTA, INC., CANON INC., TELEDYNE DALSA, INC. (SUBSIDIARY OF TELEDYNE TECHNOLOGIES, INC.), ANALOGIC CORPORATION, and YXLON INTERNATIONAL GMBH (SUBSIDIARY OF COMET GROUP), amongst other.

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Increasing Deployment of Wireless X-Ray Detectors Fuel the Growth for X-Ray Detectors
The advances in wireless communications and sensors have enabled the miniaturization process, which renders biomedical devices efficient and cost-effective. Recent innovations in the development of X-ray health-monitoring systems, such as the ones based on wireless detectors into existing x-ray equipment can be used with imaging systems throughout the facilities. It is a significant upgrade over regular technologies, in terms of communication and integration with other medical applications. Miniaturization of these sensors is expected to lead to significant benefits in their applications, smaller versions of sensors are more flexible, and they can be embedded in a variety of devices for obtaining real-time information. These developments are boosting the X-ray detecting technological area and setting the stage for more amazing healthcare solutions. For example, the integration of wireless detectors can provide real time information, which eases the whole medical testing process.

Security Applications of X-Ray Detectors Grow Owing to Increasing Security Threats
Security checkpoints at border crossings are the first line of defence against the smuggling of weapons, drugs and explosives into the country. With growing terrorist activities all over the world, these checkpoints play a vital role in providing safety and security to the country; this also acts as a driver for the growth of the X-ray detectors market. X-ray detectors are even gaining prominence in event security. Event security requires screening of more than just people, where every box, every crate of food, each and every pallet of cargo needs to be screened for potential threats. The 2013 Boston Marathon Tragedy showed the world that large gatherings, including athletic events, are potential targets for terrorist attacks. On the account of this, the upcoming Football World Cup in 2018 in Russia is expected to drive the market for X-ray security detectors.

North America has the Highest Market Owing to Increasing Funding and R&D Activities
North America is one of the largest markets for medical technology research industries. The huge market in the region is attributed to the growing R&D activities in medical sciences. In the United States, Health and Human Services (HHS), which is governed by the cabinet-level department of the U.S. federal government, is extremely liberal in funding and maintaining the technological research in medical sciences. The rapid technological development in the medical field is now being merged with the technologies, such as advanced X-ray detectors. There is a strong focus on improving the health conditions of people, as well as tackling the adverse effects from the rising health diseases and infections. Therefore, there need to be a constant diagnostic and monitoring service, which in turn, is driving the market in the United States.

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