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Rising Demand from Industrial & Security Sector Boosts Market for X-Ray Detectors, market reach $3,887.3 million by 2024.”

05-03-2019 11:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

Rising Demand from Industrial & Security Sector Boosts Market

As the prevalence of various chronic and infectious diseases such as cancer, cardiovascular, orthopedic, and bacterial and viral diseases is rapidly growing across the globe, the healthcare facilities are increasingly experiencing the rising burden of patients visiting the hospitals suffering from such diseases. In order to come up with detection technology which can perform faster detection at lower doses- a lot of research was done and as a result flat panel detectors were introduced in the market.

Initially, these detectors were priced very high. However, with the declining prices and their ability to produce high quality images at a faster rate and low radiation dosage- their adoption has been markedly increased and thus, FPDs have become a growth engine of X-ray detectors market. In fact, in the developed countries such as the U.S.- analog/film radiography has almost disappeared and further, there is a rapid conversion from CR to flat-panel detectors-based direct radiography (DR) is under way. “Meticulous research ” in its latest publication states that, the “global market for X-ray detectors is expected to grow at a CAGR of 5.8% from 2018 to 2024 to reach $3,887.3 million by 2024.”

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This growth is primarily driven by the increasing adoption of digital imaging detectors, rising demand in industrial and security markets, and growing geriatric population coupled with rising prevalence of chronic diseases.

The rising demand for X-Ray imaging from industrial and security sectors has very positive impact on the X-Ray detectors market. In food and beverage, automotive, aerospace, oil and gas plants, and nuclear power facilities, X-ray imaging is used for non-destructive testing and manufacturing inspection. In security market, X-ray imaging is used in cargo and passenger screening for port, passenger, and border protection. The X-ray detectors market is driven by increase in number of airports, growth in number of passengers travelling by air, growth in cargo volume, increasing number of terror attacks, and rising demand for NDT in various industries.

According to World Bank, global number of passengers travelled by air was 2.62 billion in 2010 and it increased by 1.36 billion in 2017 and reached 3.98 billion. The growing volume of passengers is leading to an increasing need for security measures at the airports; thereby driving the demand for X-ray screening systems and detectors used in these systems.

According to the International Air Transport Association (IATA), the number of airports in China was 175 in 2010 and is expected to reach 294 by 2020. Rising number of passengers travelling by airways is the major reason for this expansion. The growing number of airports and passengers will lead to increase in demand for X-ray screening machines; thereby driving demand for X-ray detectors.

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The report provides meticulous analysis of X-Ray detectors market by segmenting it on the basis of 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], and Geography.

The key players analyzed in the X-Ray detectors market are 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.).

Key Topics Covered in This Report:

Introduction
Research Methodology
Executive Summary
Market Share Analysis
Market Insights
Global X-Ray Detectors Market, By Product Type
Global X-Ray Detectors Market, By Application
Geographic Analysis
Competitive Landscape
Company Profiles
Appendix

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

Contact –
Meticulous Research
Khushal Bombe
sales@meticulousresearch.com

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