The global Medical X-Ray Detectors market is expected to grow at a 5.7% CAGR from US$ 2.2 billion in 2022 to US$ 3.2 billion by 2029.
The medical devices industry is seeing an increase in the number of imaging and diagnostic tests performed each year, owing to a variety of factors such as a greater emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of efficient X-ray devices through medical device market consolidation and mergers.
The rising prevalence of sports injuries, trauma, and cancer represents a sizable patient pool opting for diagnostic imaging tests each year, particularly in developing countries.
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According to the Centers for Disease Control and Prevention (CDC), approximately 80 million Computed Tomography (CT) tests were performed in the United States alone in 2015.
The increase in the number of patients undergoing CT and radiography tests around the world, as well as the number of tests performed each year, has resulted in a significant demand for digital radiography detectors such as a-Si detectors.
These factors have increased demand for a-Si X-ray flat panel detectors, thereby driving the medical X-ray detectors market forward.
Key Takeaways – Medical X-ray Detectors Market Study
- Flat panel X-ray detectors are becoming increasingly popular in the global medical X-ray detectors market, owing to distinct advantages over computed radiography (CR), charged couple detectors (CCD), and analogue detectors (film based).
- Manufacturers’ introduction of new technology, such as the Veradius X-ray system, is expected to increase demand for thin flat detector devices and computed radiography (CR) detectors among end users.
- Direct flat-panel medical X-ray detectors are expected to generate significant revenue because they have a higher technical advantage over indirect flat-panel medical X-ray detectors.
- The growing use of digital X-ray systems for radiological imaging over retrofit X-ray systems indicates a high revenue potential for the medical X-ray detectors market.
Cloud-based medical imaging and growing shift from analog to digital X-ray detectors are key growth opportunities for the medical X-ray detectors market.
The medical devices industry is seeing an increase in the number of imaging and diagnostic tests performed each year, owing to a variety of factors such as a greater emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of efficient X-ray devices through medical device market consolidation and mergers.
The rising prevalence of sports injuries, trauma, and cancer represents a sizable patient pool opting for diagnostic imaging tests each year, particularly in developing countries.
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According to the Centers for Disease Control and Prevention (CDC), approximately 80 million Computed Tomography (CT) tests were performed in the United States alone in 2015.
Rise in number of patients undergoing CT and radiography tests globally and increase in number of tests performed each year have led to significant demand for digital radiography detectors such as a-Si detectors.
These factors have boosted the demand for a-Si X-ray flat panel detectors, directly fueling growth of the medical X-ray detectors market.
Key Takeaways – Medical X-ray Detectors Market Study
- Flat panel X-ray detectors are becoming increasingly popular in the global medical X-ray detectors market, owing to distinct advantages over computed radiography (CR), charged couple detectors (CCD), and analogue detectors (film based).
- Manufacturers’ introduction of new technology, such as the Veradius X-ray system, is expected to increase demand for thin flat detector devices and computed radiography (CR) detectors among end users.
- Direct flat-panel medical X-ray detectors are expected to generate significant revenue because they have a higher technical advantage over indirect flat-panel medical X-ray detectors.
- The growing use of digital X-ray systems for radiological imaging over retrofit X-ray systems indicates a high revenue potential for the medical X-ray detectors market.
Strategic Acquisitions Remains Favored Competition Strategy
Leading players in the medical X-ray detectors market, including GE Healthcare, Canon, Philips, and Hitachi, are focusing on business expansion through partnerships, mergers, sales agreements, and acquisitions with local manufacturers in emerging economies.
These mergers and acquisitions are intended to reduce product development costs, streamline distribution channels, and strengthen market position.
Canon Inc. purchased Toshiba Corp.’s medical division in December 2016.
Canon Inc. entered the diagnostic imaging device market with the acquisition, leveraging Toshiba Medicals’ core diagnostic imaging strength.
Canon’s biomedical business would benefit from this acquisition.
Furthermore, key players are focusing on R&D and the launch of new products based on exclusive developmental technologies, with an emphasis on product differentiation.
In November 2017, at the Radiological Society of North America (RSNA) tradeshow. Carestream Health showcased a mobile X-ray system with carbon nanotube.
The system entered the medical X-ray detectors market in May 2018 and is compatible with every DRX a-Si detector device providers by Carestream Health.
Know More About FMI’s Report on Medical X-ray Detectors Market
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2014 to 2029.
The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The study provides compelling insights on medical X-ray detectors market on basis of product, panel size, modality, and end user.
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MEDICAL X-RAY DETECTORS MARKET TAXONOMY
The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product
- Indirect Flat-Panel Detectors
- Direct Flat-Panel Detectors
- Computed Radiography (CR) Detectors
Panel Size
- Large-Area Flat-Panel Detectors
- Small-Area Flat-Panel Detectors
Modality
- Portable Detectors
- Fixed Detectors
Module
- Digital X-ray Systems
- Retrofit X-ray Systems
End User
- Hospitals
- Diagnostic Centers
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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