X-Ray Detectors Market By Product (FPD, CSI, GADOX, CR, CCD), FOV (Large, Medium, Small), Portability (Portable, Fix), System (New, Retrofit), And Application [Medical (Mammogram, Spine), Dental, Security, Industrial, Veterinary] – Global Forecast To 20

Meticulous Research® - According to this latest publication from Meticulous Research®, the global X-ray detectors market is expected to grow at a CAGR of 5.8% from 2018 to 2024 to reach $3,887.3 million by 2024, driven by factors such as increasing adoption of flat panel detectors, rising demand in industrial and security markets, and growing geriatric population coupled with rising prevalence of chronic diseases. However, high price of digital X-ray systems is restraining the growth of this market. On the other hand, Asian region and on-going research activities in the field of X-ray imaging technologies are likely to provide high growth opportunities in the X-ray detector market.

The global X-ray detector market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018), and forecasts for 2024– by product [flat-panel detectors (FPDs), computed radiography (CR) detectors, charge-coupled device (CCD) detectors, line-scan detectors], and by application (medical, dental, security, industrial, veterinary). The study also provides historical market data in terms of volume (2016 and 2017), estimated current data (2018), and forecasts for 2024 for flat panel detectors. Further, the study evaluates industry competitors and analyzes the market at regional and country level.

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The flat-panel detectors (FPDs) are the major products contributing significantly in the overall growth of X-ray detector market. Growing adoption of digital technology, rising demand for retrofit FPDs, price erosion leading to an increased affordability of digital detectors, and favorable regulatory reforms support the largest adoption of FPDs. FPD market is likely to witness a high double-digit growth in terms of volume in Asia Pacific region.

Based on application, medical segment commanded the largest market share in 2017. Greater adoption of X-ray detectors in medical industry fueled by high prevalence of chronic diseases (orthopedic, cardiovascular, and others) and growing aging population supports the largest share of medical applications segment.

This research report analyzes major geographies and provides comprehensive analysis of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (Japan,China, India, and RoAPAC), Latin America, and the Middle East & Africa. North America captured a significant share in 2017, while Asia Pacific is expected to register highest CAGR during the forecast period. The high growth in the APAC market is mainly due to large population base, large proportion of elderly population suffering from chronic diseases, rising income levels leading to improving access to healthcare, government initiatives to boost healthcare sector, growing adoption of advanced medical technologies, and growing focus of key players on this region.

The global flat panel detectors market is consolidated with top 2 players commanding major share. Key players operating in the global X-ray detectors market include Varex Imaging Corporation (U.S.), Agfa-Gevaert N.V. (Belgium), FUJIFILM Holdings Corporation (Japan), Trixell (France), Canon Inc. (Japan), Carestream Health, Inc (U.S.), Rayence Inc. (U.S.), Konica Minolta, Inc. (Japan), Vieworks Co., Ltd. (Republic of Korea), Hamamatsu Photonics K.K. (Japan), CareRay Medical Systems Co. (China), i-Ray Technology Company (China), and Analogic Corporation (U.S.). In the recent years, these companies have significantly focused on acquisitions, new product launches, and collaborations to expand their product and service offerings, strengthen global footprint, and augment market shares.

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