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X-Ray Detectors Market 2024: Key Insights on Industry Size, Share Analysis, and Growth Forecast
X-Ray Detectors Global Market Report 2024
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According to The Business Research Company's, The x-ray detectors market size has grown strongly in recent years. It will grow from $4.73 billion in 2023 to $5.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased healthcare spending, aging population, regulatory compliance, demand for digital imaging, emerging markets.
The x-ray detectors market size is expected to see strong growth in the next few years. It will grow to $7.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rise in chronic diseases, increasing investments in research and development, rising awareness about early disease diagnosis, rise in healthcare spending, rise in disposable income. Major trends in the forecast period include ai integration, portable and wireless solutions, 3d and multimodal imaging, thinner and flexible detectors, customization and personalization.
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Market Drivers and Trends:
The rising number of cancer cases is significantly contributing to the growth of the X-ray detectors market. Cancer is a disorder in which normal body cells begin to proliferate out of control, resulting in tumors. X-ray detectors aid in the detection of cancer in a variety of bodily components, including bones and organs such as the stomach and kidneys. For instance, according to the American Cancer Society report, by 2040, the global cancer burden is predicted to reach 28.4 million cases, up 47% from 2020. Therefore, the rising number of cancer cases is expected to drive the growth of the X-ray detectors market going forward.
Major companies operating in the X-ray detectors market are innovating products with technology, such as artificial intelligence, to provide reliable services to customers. The integration of AI in X-ray detectors enhances image analysis, aiding in faster and more accurate diagnosis of medical conditions. For instance, in May 2023, Carestream Health, a US-based medical imaging company, launched the DRX-Rise mobile X-ray system. The DRX-Rise X-ray System is a fully integrated digital X-ray unit designed to bring high-quality imaging technology to the patient's bedside. DRX-Rise mobile X-ray system is lightweight and easy to maneuver and is used in crowded and sensitive areas such as intensive care units (ICUs) and neonatal intensive care units (NICUs). It is equipped with a powerful Eclipse processing engine with artificial intelligence (AI) to provide images of optimal quality while reducing errors.
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Major Key Players of the Market:
Varex Imaging Corporation, Thales Group, Canon Inc., Agfa-Gevaert Group, FUJIFILM Holdings America Corporation, Hamamatsu Photonics K.K., Analogic Corporation, Konica Minolta Inc., MOXTEK Inc., Teledyne Digital Imaging Inc., iRay Technology Co.Ltd., Vieworks Co. Ltd., Koninklijke Philips N.V., Siemens AG, Trixell SAS, DRTECH Corporation, Comet Holding AG, Carestream Health Inc., Rayence Co. Ltd., PerkinElmer Inc., Ordela Inc., Bruker Corporation, Werth Inc., Amptek Inc., CareRay Medical Systems Co., Rayence Inc., Sanaria Inc., Navigation Sciences Inc., Adaptix Inc., Offshore Renewable Energy Catapult, MediView XR, Kromek Group PLC
X-Ray Detectors Market 2024 Key Insights:
• The x-ray detectors market size is expected to see strong growth in the next few years. It will grow to $7.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Surging Cancer Cases Propel X-Ray Detectors Market Growth
• Revolutionizing The X-Ray Detectors Market With Integration Of Ai
• North America was the largest region in the X-ray detectors market in 2023
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