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The Global X-ray Detector Market to Advance at 6.34% of CAGR by 2028

12-06-2022 01:25 PM CET | Health & Medicine

Press release from: Triton Market Research

X-ray Detector Market

X-ray Detector Market

Triton Market Research presents the Global X-ray Detector Market segmented by Application (Industrial, Security, Dental, Medical, Other Applications), Portability (Fixed Detectors, Portable Detectors), Product (Computed radiography (CR) detectors, Flat-Panel Detectors [Flat-Panel Detectors by Type (Indirect Capture FPD, Direct Capture FPD), Flat-Panel Detectors by Panel Size (Large area FPD, Small-area FPD)], Charge-coupled device detectors, Other types), and by Geography (North America, Latin America, Asia-Pacific, Europe, Middle East and Africa). It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Analysis, Industry Components, Market Attractiveness Index, Vendor Scorecard, Key Strategic Developments, Drivers, Restraints, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton's research report suggests that the global X-ray detector market is assessed to advance at 6.34% of CAGR over the considered phase of 2021-2028.

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X-ray detectors are used for medical diagnosis and treatment monitoring. Moreover, it is also used for baggage scanning and non-destructive testing in the healthcare and industrial sectors.

Several organizations and government agencies are increasingly adopting digital imaging to enhance productivity and offer greater access to detailed information. In this regard, digital imaging offers several advantages, including improved distribution, increased access, streamlined workflows, and reduced need for physical storage space. Hence, the benefits offered by digital imaging open new avenues for the X-ray detector market. However, the high cost of X-ray test equipment and stringent regulation impedes the overall market's growth.

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The Asia-Pacific is anticipated to emerge as the fastest evolving region in the X-ray detector market over the forecasted period. The region offers various lucrative opportunities to the studied market. Among the major factors include rising healthcare expenditure and a rise in the availability of improved healthcare facilities.

Several countries are improving their healthcare infrastructure, which is likely to fuel the growth of the X-ray detector market across the APAC region.
Koninklijke Philips NV, Fujifilm Medical System, Agfa Healthcare, Analogic Corporation, Carestream Health Inc, Thales Group, Teledyne Dalsa Inc, Canon Inc, Comet Holding AG, PerkinElmer Inc, Rayence Co Ltd, Varex Imaging Corporation, GE Healthcare, Hamamatsu Photonics KK, and Konica Minolta Inc are well-known firms in the X-ray detector market.

Although there is a need for high capital investments and high R&D capabilities, immense consolidation is likely to support the entry of new players with high product differentiation. However, the outbreak of COVID-19 has impacted the operation and financial position of companies, which may delay the entry of new players. On the other hand, several existing players have dedicated their R&D efforts to capture untapped domains. Moreover, they are establishing international operations, intensifying the competition levels in the market.

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