Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "Global X-Ray Detector Market (by Technology, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The global x-ray detector market is poised for significant growth and is projected to reach a value of US$6.22 billion by 2023, with a robust compound annual growth rate (CAGR) of 6.02% during the forecast period from 2022 to 2027.
X-ray detectors, which monitor various X-ray parameters, including flux, spatial distribution, and spectrum, find applications in diverse fields such as medicine, industry, security, and veterinary care. These detectors, often made with scintillators and photomultiplier tubes, can detect the faintest flashes of light produced by individual X-ray photons.
Market growth is expected to be driven by factors such as decreasing prices, improved image quality through technological innovations, and strong financial support from venture capital firms.
Segment Coverage
- By Application: The market report categorizes the x-ray detector market into four main applications: Medical, Industrial, Security, and Veterinary. The Medical segment currently holds the largest market share, driven by factors such as a growing geriatric population, increasing numbers of orthopedic, mammography, and cardiovascular procedures, and advancements in x-ray devices. Meanwhile, the Industrial segment is projected to achieve the highest CAGR in the coming years due to advancements by computed radiography vendors, who have improved digital radiography scanners, phosphor imaging plates, and software.
- By Technology: X-ray detector technology is segmented into four categories: Flat panel detector, computed radiography, line scan detector, and CCD detector. The Flat panel detector segment currently dominates the market, offering advantages such as easy positioning during clinical studies, minimal geometric distortion, and no need for chemical processing. However, the CCD detector segment is expected to experience significant growth due to its high sensitivity in indirect conversion of X-ray photons into electric charge, ideal for digital radiography.
Geographic Coverage
The global x-ray detector market is divided into five major regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Key countries within these regions include the US, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, and others.
North America leads the market share in the x-ray detector market, primarily due to well-developed healthcare facilities, substantial research and development investments by major players, and a rising number of medical imaging procedures. Within North America, the US remains the dominant region, driven by rapid technological advancements in the medical field, resulting in advanced x-ray detectors.
Top Impacting Factors
Growth Drivers:
- Growing Geriatric Population: The increasing elderly population drives the demand for medical imaging procedures, contributing to the growth of the x-ray detector market.
- Rise in Cancer Diseases: The prevalence of cancer increases the need for early detection and monitoring through medical imaging, further boosting the market.
- Rise in Demand for Digital Imaging Technology: Digital X-ray technology offers improved image quality, reduced radiation exposure, and cost savings compared to traditional systems, making it increasingly popular.
- Uses of X-Ray Detectors in Different Industries: X-ray detectors find applications in various sectors beyond medicine, including security, industrial quality inspection, and veterinary care, driving market growth.
Challenges:
- High Cost of X-Ray Test Equipment: The expense associated with x-ray test equipment poses a challenge, particularly for hospitals in developing countries with budget constraints.
- Health Hazards of Full Body Scanning: Concerns about the health risks associated with full-body scanning and high radiation exposure limit market adoption in some regions.
Trends:
- Wireless X-Ray Detectors: The adoption of wireless x-ray detectors offers enhanced mobility and flexibility for healthcare professionals.
- Artificial Intelligence in Radiology: AI technology aids in analyzing and interpreting radiological images efficiently, enabling quicker diagnoses and detailed reports.
- Flexible X-ray Detectors Made from Metal-organic Frameworks: Innovations in flexible x-ray detectors using metal-organic frameworks offer new possibilities for medical imaging.
- Robotic X-ray Imaging Systems (RTG): The development of robotic x-ray imaging systems enhances precision and efficiency in medical procedures.
COVID-19 Impact
The COVID-19 pandemic had a short-term impact on the global x-ray detector market, with delays in elective medical procedures and disruptions in the supply chain due to lockdowns. However, the market has shown resilience, driven by increased demand for x-ray detectors, especially in sectors like security and industry. Various trends have emerged, demonstrating the adaptability and importance of x-ray technology in healthcare and beyond.
Analysis of Key Players
The x-ray detector market features a fragmented landscape with a multitude of players. Major players in the global x-ray detector market include:
- Agfa-Gevaert N.V. (Agfa)
- Hamamatsu Photonics K.K
- Varex Imaging Corporation
- FUJIFILM Holdings America Corporation
- Canon Medical Systems Corporation
- Konica Minolta, Inc.
- Teledyne Dalsa
- Rayence Inc.
- Vieworks Co., Ltd.
- Careray Digital Medical Technology Co., Ltd.
- iRay Technology Company Limited
- Trixell Organization
- Carestream Health
- Analogic Corporation
For more information about this report visit https://www.researchandmarkets.com/r/ksolbs
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