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X-Ray Detectors Market Development And Business Intelligence

Mar. 08, 2021 4:13 AM ET
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Seeking Alpha Analyst Since 2014

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Summary

  • Major factors influencing the growth of the market.
  • Leading players & Top Segments.
  • Geographic Overview.

Market growth influenced due to following factors-

  • Growing public and private investments in digital imaging technologies.
  • Declining prices and benefits offered by digital detectors.
  • Rreimbursement cuts for analog X-rays.

Global market size-

According to research report the global X-Ray Detectors Market is projected to reach $3.8 billion by 2024, at a CAGR of 6.1% during the forecast period. 

Leading Players-

The X-ray detectors market is highly consolidated in nature with several big and emerging players. Prominent players in this market include Varex Imaging Corporation (US), Thales Group (France), Canon, Inc. (Japan), Konica Minolta, Inc. (Japan), Hamamatsu Photonics K.K. (Japan), Teledyne DALSA Inc. (US), Fujifilm Holding Corporation (Japan), Agfa-Gevaert Group (Belgium), Carestream Health (US), Vieworks Co., Ltd (South Korea), Analogic Corporation (US), and Rayence (South Korea).

Top Market Segments-

Based on applications, the X-ray detectors market is segmented into medical applications, dental applications, security applications, veterinary applications, and industrial applications. The medical applications segment is expected to grow at the highest CAGR during the forecast period.

Based on panel size, the FPDs market is segmented into large-area FPDs and small-area FPDs. The large-area FPDs segment is projected to grow at the highest CAGR during the forecast period.

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Geographic Overview -

Based on region, the market has been segmented into North America, Europe, Asia, and the Rest of the World (RoW). The X-ray detectors market in Asia is expected to grow at the highest CAGR during the forecast period. The high growth in this market is attributed to the increasing adoption of digital imaging systems, rising disposable income, growing number of awareness programs and symposia, and growing venture capital investments.

 

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