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X-ray Flat Panel Detectors Market Worth US$ 1,793.5 Mn by Top Key Players Varex Imaging Corporation, Agfa- Gravaert Group and more Forecast till 2026

06-17-2019 02:10 PM CET | Health & Medicine

Press release from: Fortune Business Insights

X-ray Flat Panel Detectors Market Worth US$ 1,793.5 Mn by Top Key

North America emerged dominant in the global x-ray flat panel detectors market in 2018. Fortune Business Insights published a report, titled “X-Ray Flat Panel Detectors Market Size, Share and Global Trend by Product Type (Amorphous, Silicon, Amorphous Selenium, Complementary Metal Oxide Semiconductor), Imaging type (Static, Dynamic), Type (Retrofit, New), Application (General Radiography, Dentistry, Oncology, Orthopedic) Geography Forecast till 2026.” According to the report, the global x-ray flat panel detectors market was worth US$ 1,759.3 Mn in 2018. The global market is anticipated to expand at a CAGR of 5.2% and value US$ 2805.2 Mn by 2025.

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Additionally, the x-ray flat panel detectors market in North America was worth US$ 633.5 Mn in 2018. Among products available, retrofit x-ray flat panel detector is gaining massive popularity and is forecast to witness increasing demand through the forecast period. The demand witnessed is attributable to retrofit x-ray panel’s cheap cost. from the demand for retrofit x-ray panels is significantly high in Asian countries such as India, Korea, and China.

Rapid technological advancements in x-ray systems as a result of the advent of novel features are likely to generate high demand in the global x-ray flat panel detectors market. Besides this, medical research aid offered by governments is expected to increase the number of research projects and clinical trials. This further would enable growth in the global x-ray flat panel detectors market.

Effective dynamic range, minimal radiation exposure, enhanced medical evaluation, and superior quality image are several factors facilitating the adoption x-ray flat panel detector.

Recent Technological Advancements Witnessed in Market to Drive Global

The factors expected to drive the global x-ray flat panel detectors market during the forecast period 2018-2025 are growing prevalence of diseases such as cancer and orthopedics and increasing aging population. Moreover, the market is expected to gain from recent technological advancements in the x-ray system and rising willingness for quality healthcare services. On the downside, the market may get restrained by the high cost associated with x-ray flat panel detector.

The report also classifies the global x-ray flat panel detectors market in various segments. In terms of product type, amorphous silicon, amorphous selenium, and complementary metal oxide semiconductor (CMOS) are the different types of flat panel detectors used in x-ray imaging. The CMOS segment is anticipated to gain high popularity and witness a higher adoption over the forecast period.

Finer pixel pitch, faster pixel rate, lower electronic noise, and others are features of the CMOS and attribute to CMOS adoption during forecast period. Rapid adoption of CMOS is likely to propel growth rate in the global x-ray flat panel detectors market.

Vortex, to Dominate Global Market

Vortex Imaging corp., emerged dominant in the global x-ray flat panel detectors market and is projected to retain its lead through the forecast period. Backed by strong distribution channel and diverse product portfolio, the organization will continue holding a stronghold in the global market. Some of the other companies operating in the global x-ray flat panel detectors market are KA Imaging, Imaging Dynamics Company Ltd., Detection Technology Plc., Hamamatsu Photonics K.K., and Teledyne Digital Imaging Inc.

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