X-Ray Detectors Market : Emerging Market Trends, Top Growing Segments & Future Developments

2022-07-14 13:16:33 UTC | Healthcare & Pharmaceuticals
X-Ray Detectors Market : Emerging Market Trends, Top Growing Segments & Future Developments
Factors such as growing public and private investments in digital imaging technologies, declining prices and benefits offered by digital detectors, and reimbursement cuts for analog X-rays are driving the growth of the X-ray detectors market

The introduction of wireless X-ray detectors, growing medical tourism in developing countries, and the emerging markets are expected to offer significant growth opportunities for market players in the coming years.

According to research report the X-ray detectors market size is projected to reach USD 3.9 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 5.9%.

Based on technology, the X-ray detectors market is segmented into flat-panel detectors (FPDs), computed radiography (CR) detectors, charge-coupled device (CCD) detectors, and line-scan detectors. The flat-panel detectors (FPDs) segment is expected to grow at the highest CAGR during the forecast period.

The high growth of this segment is attributed to the advantages of FPD-based portable digital systems, their decreasing prices, and the growing demand for retrofit FPD-based digital X-ray systems.

Based on platform type, the FPDS market is segmented into digital FPDS and retrofit FPDs. In 2020, the digital FPDS segment accounted for a larger share of the FPDS market due to the advantages of new digital X-ray systems, such as high-quality image acquisition, faster scanning, increased patient throughput, and multiple storage options (digital images can be stored using both on-site and off-site PACS), resulting in their greater adoption.

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In terms of type, the market for FPDS is segmented into direct FPDs, cesium iodide FPDs, and gadolinium oxysulfide FPDs. In 2020, cesium iodide (CsI) FPDS held the major share of the market.

These FPDS find major applications in general radiography, fluoroscopic imaging, CT scanning, dental imaging, veterinary imaging, industrial inspection, and security screening. The major share of the segment is attributed to the wide usage of these FPDS in applications that require high voltage, greater stability, and durability.

Based on application, the X-ray detectors market is segmented into medical, dental, security, industrial, and veterinary applications. In 2020, medical applications held the largest market share of the market.

This segment is also projected to grow at the highest CAGR during the forecast period. X-ray detectors have undergone continual innovations over the last few decades, both in performance and size, aided by technological advancements and increasing demand from a wide range of applications.

With the advancements in technology, X-ray detection has evolved to become safer, effective, and convenient.

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The X-ray detectors market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. In 2020, North America accounted for the largest share of the global X-ray detectors market, followed by Europe and the Asia Pacific.

North America is one of the most technologically advanced regions, and the huge market for X-ray detectors is attributed to the presence of prominent system suppliers, increasing healthcare spending, the availability of venture capital and government funding, the rising incidence of chronic diseases, technological innovations, and automotive manufacturers in the region.

Mr. Aashish Mehra
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