The future looks bright for the Global Digital Radiography Detectors Industry, according to a recent market analysis by Future Market Insights (FMI). Their report forecasts a significant expansion over the next eight years, with the market expected to reach a valuation of US$2,713.7 million by 2026. This growth trajectory reflects a healthy Compound Annual Growth Rate (CAGR) of 6.1% projected from 2018 to 2026.
An increase in several radiography tests performed globally each year coupled with the introduction of new and advanced imaging equipment by key market players will remain predominant factors pushing the demand for digital radiography detectors – with significant adoption of direct flat panel detectors. Moreover, considering distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analog detectors (film-based), digital radiography detectors are expected to witness high traction in the coming years.
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North America and Europe are likely to remain the dominant regions in the Global Digital Radiography Detectors Industry, attributed to the growing demand for X-ray Detectors and the strong geographical presence of major manufacturers, respectively. Moreover, manufacturers of digital radiography detectors are increasingly focusing on launching products in emerging countries considering an unmet demand for digital radiography detectors and significant dependence on analog (film-based) detectors.
Global Digital Radiography Detectors Industry: Key Players
- Varex Imaging Corporation
- Thales Group
- Agfa-Gevaert N.V
- Onex Corporation (Carestream Health)
- FUJIFILM Holdings Corporation
- Analogic Corporation
- Canon Inc.
- DRTECH Corporation
- Hamamatsu Photonics k.k.
- KONICA MINOLTA INC.
- Rayence Co. Ltd.
- Teledyne Technologies Incorporated
The global market for digital radiography detectors is highly consolidated, with top players including Varex Imaging Corporation and Trixell holding close to 47% of the total market share. FMI expects key market players to focus on strategic acquisitions and collaboration and emphasis on cost-effective product development, in addition to augmenting investments in product innovations and NPD.
A large number of players in the market are also investing in R&D and the introduction of new products based on proprietary technologies, with a focus on product differentiation. Moreover, shifting preference toward direct digital radiography (DDR) and a-Si detectors would present new market opportunities for emerging players working on innovative product offerings. Furthermore, imaging equipment manufacturers have an opportunity to improve their revenue stream by providing cloud storage services for medical imaging and information management, without scrapping existing Picture Archiving and Communication (PACS).
Promising benefits of using the indirect conversion technique of the digital radiography (DR) technology which involves the use of amorphous silicon (a-Si) photodiodes and cesium iodide (CsI) scintillators for X-ray detection is projected to drive the adoption of digital radiography detectors. The benefits of Si X-ray detectors, mostly used in dental CBCT and orthopedic imaging include lower patient radiation dose, reduced exam time, lower noise, and increased efficiency. More advanced applications in Mammography imaging and breast CT have pushed key players to expand their product offerings, with designs and technologies specific to the aforementioned imaging.
However, the high cost of C-arms compared to traditional X-ray systems could inhibit the adoption of Fluoroscopy Imaging Systems, especially in low and middle-income countries with lower rates of healthcare expenditure. Additionally, new technologies with improved benefits such as improved spatial image resolutions, better image quality owing to lower pixel imaging, and increased cost-benefit ratios are projected to restrict the growth of the Global Digital Radiography Detectors Industry.
The Global Digital Radiography Detectors Industry is segmented based on product type into:
- Indirect Flat Panel Detectors
- Direct Flat Panel Detectors
- Computed radiography (CR) Detectors
The report analyses the Global Digital Radiography Detectors Industry based on panel size and presents the forecast in terms of value for the next 8 years. Based on the panel size, the Global Digital Radiography Detectors Industry is segmented into:
- Large Area Detectors
- Small Area Detectors
The report analyses the Global Digital Radiography Detectors Industry based on the modality and presents the forecast in terms of value for the next 8 years. Based on the modality, the Global Digital Radiography Detectors Industry is segmented into:
- Portable Detectors
- Fixed Detectors
The report analyses the Digital Radiography Detectors Industry based on the module type and presents the forecast in terms of value for the next 8 years. Based on the module type, the Global Digital Radiography Detectors Industry is segmented into:
- Digital X-ray Systems
- Retrofit X-ray Systems
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The report analyses the Global Digital Radiography Detectors Industry based on regions and presents the forecast in terms of value for the next 8 years. Based on regions, the Global Digital Radiography Detectors Industry is segmented into:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific Excluding China & Japan (APEJ)
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
- Japan
- MEA
- GCC Countries
- South Africa
- Rest of MEA
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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