Global X-Ray Detectors Market, By Product Type (Flat Panel, Computed Radiography, Line Scan, CCD) Portability (Fixed, Mobile) Application (Medical, Dental, Security, Veterinary, Industrial) End User(ICU, Hospitals, Clinics, Diagnostic Lab) Geography (North America, Europe, APAC, South America, MEA) – Industry Trends and Forecast to 2024
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Data Bridge Market Research new Insight’s on “Global X-Ray Detectors Market, is projected to reach USD 3.6 billion by 2024, from USD 2.3 billion in 2016, at a CAGR of 6.0% during the forecast period from 2017 to 2024.”
The market is segmented by Product Type (Flat Panel, Computed Radiography, Line Scan, CCD), Portability (Fixed, Mobile), Application (Medical, Dental, Security, Veterinary, Industrial), End User, Geography (North America, Europe, APAC, South America, MEA)–Industry Trends and Forecast to 2024.
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
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X-Ray Detectors Market: Recent Development
Recent trends in the X-Ray detectors market such as price reduction of detectors, integration of detector platforms, increasing demand of flat panel detectors, affordability of portable x-ray detectors among others is expected to drive the market in the forecast period 2017 to 2024.
There has been a significant dip in the prices of x-ray detectors in the last five years, approximately a 25% price reduction is observed.
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This is owing to the market unawareness of technology and acceptance of computed radiology detectors due to less price and excellent functionalities. This has created an immense competition in the flat panel detectors market, to cater to the challenges price reductions were done to promote digital x-ray technologies in the market.
Also, the hospitals reimbursement shifting to value based has led to budget reductions leading to a slow acceptance of digital detectors in the market.
X-Ray Detectors Market Categories: Segmentation
The global X-ray detectors market is segmented based on product type, portability, application end-user and geography.
Flat panel detectors dominate the market with ~70.0% market share in 2016 and are expected to reach USD 2.7 billion by 2024, growing at highest CAGR of 6.8%. The market for CRD is expected to decline further with more and more healthcare providers moving towards digitalization.
CRD is used extensively in veterinary application, used to very less extent in human use, not used in security and industrial x-ray applications. Line scan detectors maximum usage is in security, industrial and dental applications, also in orthopedic x-ray the line scan detectors are used extensively in spine and other trauma related diagnostics.
CCD is an obsolete technology and not used very often in medical science however developing countries are still using it for radiography.
The x-ray detectors market is also segmented based on portability into fixed detectors, and mobile detectors. In the forecast period of 2017 to 2024 the mobile detectors segment is expected to grow at the highest CAGR, owing to its increased demand in emergency units and ICU’s.
Also, based on technology the market is segmented into direct and indirect FPD, in 2016 indirect FPD dominate the market with ~92.0% market share.
In 2016, medical imaging is expected to lead in the application of x-ray detectors with around ~70.0% market share. The medical imaging application is further sub segmented into static imaging (general radiography and mammography) and dynamic imaging (general fluoroscopy, surgical imaging, and cardiovascular imaging).
The hospitals segment is expected to hold the major share of this market in 2017, owing majority of radiography imaging being done in hospitals and digitalization of x-ray technology majorly concentrated in hospitals.
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X-Ray Detectors Market: Geographic Segmentation
In 2017, North America is expected to dominate the X-ray detector market with ~42.0% of the market share followed by Europe and APAC. However the APAC region is expected to grow at the highest CAGR in the forecast period 2017 to 2024.The market in Asia is poised to witness the highest growth, attributed to factors such as rising disposable income, government initiatives to encourage advanced medical care, improving healthcare infrastructure and diagnostic radiology centers, and growing medical tourism in the region.
X-Ray Detectors Market: Company Share Analysis
The X-ray detectors market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. Some examples of recent strategies/developments are: in December 2016, Varian Medical Systems signed an agreement to acquire PerkinElmer, Inc.’sdigital flat-panel x-ray detector business for $276 million.
Some of the major players operating in the global x-ray detectors market are Agfa Healthcare, Amptek, Inc., Analogic Corporation, Canon Inc., Detection Technology Oyj, Fujifilm Medical Systems, Hamamatsu Photonics K.K., Konica Minolta, Inc., Moxtek, Inc., Perkinelmer, Inc., Rigaku Corporation, Teledyne DALSA Inc., Thales Group, Thermo Fisher Scientific Inc., Toshiba Corporation, Varian Medical Systems, GE Healthcare, Rayence Co., Ltd., Philips Healthcare, Sydor Technologies, Shawcor, and, Yxlon International Gmbh, among others.
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