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X Ray Detectors Market to Receive Overwhelming Hike in Revenues by 2024

08-12-2020 11:45 AM CET | Health & Medicine

Press release from: Transparency Market Research

Global X-Ray Detectors Market: Snapshot

The growing technological advancement and increasing geriatric population will fuel the growth of the global x-ray detectors market. The increasing incidences of orthopedic, increasing use of imaging technology, and cardiovascular procedures will drive the growth of global x-ray detectors market. The introduction of effective x-ray devices such as filmless imaging machines will fuel the growth of the market. Better image quality and decreased cost will drive the growth of the market. Increasing support from governments in the funding process will also help drive the growth of the market. Extensive research and development will lead towards progress and development of x-ray detector devices, which in turn will fuel their demand and adoption rates.

It is estimated that emerging economies such as Brazil, China, and India will prove to be lucrative markets for x-ray detector devices. Increasing geriatric population, growth in the awareness level regarding radiography systems, and increasing support from the government are some of the driving forces for the of x-ray detector devices market in these countries. Innovations such as the development of wireless x-ray detector devices have created a positive impact in the growth of the market. The growing medical tourism in these nations is also expected to push the growth of this market. However, the high cost of these systems will pose a challenge. Stringent regulatory procedures for approval process are another challenge for market players. In addition to this, a lack of skilled technicians in developing nations may also be a cause of worry. However, the escalating rise in the incidences of chronic diseases will ensure the continued demand for x-ray detector devices.

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X-Ray Detectors Market: Overview

X-ray detectors are used majorly for two purposes – imaging and dose measurement. Analog X-ray systems used photographic plates and films for image detection. However, owing to a shift in technology from analog to digital X-ray systems, the photographic plates and films are rapidly replaced by digital image plates (flat panel detectors). Flat panel detectors are highly sensitive and faster than a photographic film. With improving technology and rising demand for digital X-ray systems, the X-ray detectors require more robust structure with high transmission capability and temperature endurance, and resistant to ionizing radiations.

X-Ray Detectors Market: Segmentation

The global X-ray detector market is analyzed based on the different types of detectors used in the X-ray devices. This includes flat panel detectors, charge coupled device (CCD) detectors, image intensifiers, line-scan detectors and computed radiography (CR) detectors. A rapid increase in demand for digital X-ray systems has led to incorporation of newer detection technologies such as flat panel detectors and charge coupled device (CCD) detectors. Moreover, with further advancement in research, an X-ray machine can have a large area or small area flat panel detector.
A difference in the size of detector matters for different applications or subjects to be scanned.
Advance fluoroscopy and C-arm systems incorporate flat panel detectors. Other X-ray detectors available in the market include gas ionization detectors, scintillation, gas-filled detectors, semiconductor detectors and gas electron multiplying detectors.

Further, based on the applications or end-use, the global X-ray detectors market is categorized into dental, medical, veterinary, industrial, and security applications market. Medical applications include general radiography, surgical imaging, cardiovascular imaging and mammography.

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X-Ray Detectors Market: Drivers

Increasing prevalence of chronic disorders such as arthritis, orthopedic diseases, and respiratory diseases is driving the demand for X-ray imaging and hence the market for X-ray detectors. Moreover, increasing number of diagnostic centers worldwide fueled by growing need for early diagnosis is propelling the demand for advance X-ray systems, thus contributing to the growth of X-ray detectors market. Additionally, more time consuming, low sensitivity and the need for processing after exposure is culminating the demand for photographic films and boosting the demand for flat panel detectors and line-scan detectors.

X-Ray Detectors Market: Region-wise Outlook
Geographically, the global X-ray detectors market is segmented into North America, Europe, Asia Pacific and Rest of the World. The market for X-ray detectors will be growing rapidly in the regions where the demand for X-ray systems is increasing. This basic fact marks the potential of X-ray detectors in Asia Pacific and Latin America regions where along with the demand for X-ray systems, manufacturing capacity is also increasing. Increasing adoption of digital X-ray systems is touted to fuel the demand for X-ray detectors in Asia Pacific.

Further, emerging economies such as India, China, Brazil, Russia and Mexico are target markets for companies offering X-ray equipment owing to rapidly growing economy and presence of untapped opportunities in these countries. GE Healthcare bought a Brazilian X-ray equipment firm Xpro in 2012 to increase its market presence in the Latin America region.

X-Ray Detectors Market: Key Players

Some of the key players present in the global X-ray detectors market include Varian Medical Systems, PerkinElmer, Inc., Agfa Healthcare, Analogic Corporation, Canon Inc., Konica Minolta, Inc., Teledyne Technologies, Inc., Thales Group and Fujifilm Medical Systems and others. Intense competition is compelling market players to innovate in their product and marketing strategy. Teledyne Technologies, Inc. introduced two new models of X-ray detector Shad-o-Box 3K HS and Shad-o-Box 6K HS in March 2014, which utilizes latest generation CMOS X-ray technology offering higher resolution and faster imaging of objects.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
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