X Ray Detector Market Will Secure Revenue Above US $ 3.5 Billion During the Forecast Period from 2019 to 2026

  • 19 Aug 2019

X Ray Detector Market to value over US $ 3.5 billion and register a CAGR of over 5.8% during the forecast period of 2019 to 2026. 

Rising improvements in technology have assisted the x-ray adoption to improve tremendously. This is expected to increase the rate of introduction of x-ray devices which is anticipated to drive the global x-ray detectors market over the forecast period. Cost-efficient and economical prices, quality and high definition image and support by several governments and non-government organisations as well as firms initiating funds is forecasted to trigger the market growth in the near future. The increasing use of these facilities in the medical world along with increasing geriatric population consumer pool, rising awareness about the radiography system, is predicted to accelerate the market over the projected time frame. Several initiatives undertaken to facilitate continuous research is aiding the x-ray detector market growth. The patient awareness about early diagnosis, increasing spending capacity, rising applications are all factors anticipated to expand the x ray detector market size over the forecast period.

Based on type, the X-ray detectors industry is distinguished into flat-panel detectors, computed radiography detectors, line-scan detectors, and charge-coupled device detectors. The flat panel detectors segment is predicted to garner the largest market share. This is attributed to the wide-scale advantages of fat panel detectors especially given their portable digital systems, their economical prices, and the growing demand for retrofit flat panel detectors digital X-ray systems.

Based on the application, the X-ray detectors market is segmented into medical applications, dental applications, security applications, veterinary applications, and industrial applications. The medical applications segment is projected to expand at the fastest CAGR during the forecast period. The rising geriatric population, increasing the application of the market in orthopaedic mammography and subsequent rise in mammography, and cardiovascular procedures coupled with technological advancements in X-ray devices are driving the growth of the X-ray detectors market for medical applications.

Region-wise North America is predicted to grow to be one of the largest regions for X-ray detector market. The huge market expansion and growth in the region is attributed to the growing R&D activities in medical sciences.

There is a strong focus on improving the health conditions of people, as well as tackling the adverse effects of rising health diseases and infections.

Prominent Players in the market are Varex Imaging Corporation, Thales Group, Fujifilm Medical Systems, Teledyne DALSA Inc., etc.

Competitive Landscape

●     Varex Imaging Corporation acquired about 90% of the outstanding shares of common stock of Direct Conversion AB. This strategy will augment their product portfolio to include new linear array digital detectors along with a revenue stream from these products for certain medical, dental, and industrial applications. 

●     Teledyne augmented its X-ray manufacturing capacity, due to the increased demand for the company’s proprietary complementary metal–oxide–semiconductor or CMOS-based digital x-ray detectors.

X-Ray Detector Market Segmentation

By Type         

●     Flat-Panel Detectors

■     Indirect Flat-Panel Detectors

    ○   Cesium Iodide Fpds

    ○   Gadolinium Oxysulfide Fpds

        ■       Direct Flat-Panel Detectors

●       Computed Radiography Detectors

●        Line-Scan Detectors

●      Charge-Coupled Device Detectors

Flat-Panel Detectors By Panel Size

●       Large-Area Flat-Panel Detectors

●       Small-Area Flat-Panel Detectors

Flat-Panel Detectors By Portability

●            Portable Detectors

●         Fixed Detectors          

Flat-Panel Detectors By System

●      New Digital X-Ray Systems

●      Retrofit X-Ray Systems

By Application 

● Medical Applications

        ■ Static Imaging

               ○  General Radiography

                     ➢ Chest Imaging Applications

                     ➢ Orthopaedic Applications

                     ➢ Other Applications

               ○  Mammography

        ■ Dynamic Imaging

               ○  General Fluoroscopy

               ○  Surgical Imaging

               ○  Cardiovascular Imaging

●  Dental Applications

●  Security Applications

● Veterinary Applications

● Industrial Applications

By Region

●      Europe

●      North America

●      APAC

●      Latin America

●      Rest of World

Competitive Landscape: 

●      Tier 1 players- established companies in the market with a major market share

●      Tier 2 players

●      Emerging players which are growing rapidly

●      New Entrants 

FutureWise Takeaways:

●      Growth prospects

●      SWOT analysis

●      Key trends

●      Key data points affecting market growth

Objectives of the Study:

●     To provide an exhaustive analysis on the x-ray detector market by type, by application, and by region

●      To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

●      To evaluate and forecast micro-markets and the overall market

●      To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world

●      To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

●      Profiling of companies to evaluate their market shares, strategies, financials and core competencies


Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com