X-Ray Detectors Market worth USD 4,555.0 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "X-Ray Detectors Market by Type (Flat Panel Detectors, Computed Radiography (CR) Detectors, Charge-Coupled Device Detectors, and Other Types), by Probability (Fixed Detectors and Portable Detectors), by Application (Medical, Dental, Security, Industrial, and Other Applications), by Region - Global Share and Forecast to 2027". The global X-ray detectors market size is expected to grow from USD 3,139.4 million in 2020 to USD 4,555.0 million by 2027, at a CAGR of 6.4% during the forecast period. X-ray technology has been predominantly associated with the medical end-users and research and development sectors. However, technology has expanded into the manufacturing environments in recent times, helping several end-user industries improve production quality. Aerospace and defense are one of the primary industries that pioneered X-ray inspection for quality control. Radiographic testing has been implemented successfully at Marshall Space Flight Centre (MSFC) research center of the US government's civilian rocketry and spacecraft propulsion for years to identify and characterize

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Global X-Ray Detectors Market Segmentation

The overall X-ray detectors market has been segmented into type, probability, application, and region.

By Type (Flat Panel Detectors, Computed Radiography (CR) Detectors, Charge-Coupled Device Detectors, and Other Types)
By Probability (Fixed Detectors and Portable Detectors)
By Application (Medical, Dental, Security, Industrial, and Other Applications)
By Region (US, Mexico, Canada, Germany, France, UK, Italy, Spain, China, India, South Korea, Japan, Southeast Asia, Australia, Saudi Arabia, Peru, South Africa, Qatar, UK, Nigeria, Israel, Brazil, Argentina)
Medical, by application, is estimated to hold the largest market share during the forecast period

Based on application, the global X-ray detectors market is segregated into medical, dental, security, industrial, and other applications. The medical method segment generated the highest revenue of 68.5% of the global X-ray detectors market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. The expansion of the medical imaging and diagnostics sector over the recent past has indicated well for the sales of medical X-ray detectors at a global level. The medical devices industry is witnessing a growth in the number of imaging and diagnostic tests performed every year owing to various factors such as increasing focus on radiological diagnostic tests, rising chronic disease burden, and introduction of efficient X-ray devices through consolidation and mergers in the medical devices market.

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Also, the adoption of flat panel X-ray detectors has increased significantly owing to distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analog detectors (film-based). The introduction of new technology such as the Veradius X-ray system by vendors is expected to boost demand for thin flat detector devices and computed radiography (CR) detectors among the end-users.

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North America accounts for the largest market share in X-ray detectors market 2020

Based on the regions, the global X-ray detectors market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 32.8% in the global X-ray detectors market and was anticipated to maintain its dominance throughout the forecast period. 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 of the rising health diseases and infections. Therefore, there needs to be a constant diagnostic and monitoring service driving the market in the United States.

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Moreover, Canada has made significant contributions to the field of X-Ray imaging in the past decade. For instance, the STAR group's X-ray detector work attracted seed funding from Grand Challenges Canada (a not-for-profit Canadian corporation also one of the largest impact-first investors in Canada) to develop a low-cost medical X-ray detector. The detector became an integral part of the point of care clinics that screen for tuberculosis. This disease killed more than 1.5 million people annually worldwide, mostly in developing countries in Asia and Africa.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the X-ray detectors market. It also consists of leading companies such as Varex Imaging Corporation, Canon, Agfa-Gevaert Group, Thales Group, FUJIFILM Corporation, Analogic Corporation, Carestream Health, Hamamatsu Photonics K.K., Detection Technology Plc., Teledyne Digital Imaging Inc., JPI Healthcare. Co. Ltd., iRay Technology, Konica Minolta, Inc., MOXTEK, Inc., and Vieworks Co., Ltd. These market players have focused on acquisitions and expansion to gain a larger market share in the X-ray detectors market.

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