USD 3.08 billion
Report ID:
SQMIG35A2191 |
Region:
Global |
Published Date: July, 2024
Pages:
219
|Tables:
141
|Figures:
80
X-Ray Detector Market size was valued at USD 3.08 billion in 2022 and is poised to grow from USD 3.27 billion in 2023 to USD 5.25 billion by 2031, growing at a CAGR of 6.10% during the forecast period (2024-2031).
The continuous technical improvements in X-ray detectors and the growing need for better imaging in the projected timeframes are predicted to be the main drivers of the global x-ray detector market growth. Globally, an estimated 3.6 billion diagnostic medical examinations, including X-rays, are performed each year. As more people seek medical attention, the number continues to rise. Of these, 350 million are performed on children under the age of fifteen. Moreover, the latest generation of X-ray detectors can provide fast access to digital images due to their large-area, flat-panel detectors composed of a thin-film transistor array.
The development of very sensitive X-ray detectors because of this finding will lower radiation exposure for many important stakeholders. Since the various parts of the system rely on it primarily for their X-ray absorption coefficients, X-ray photon energy is an essential part of X-ray detectors. Thus, the new technology would improve penetrating capabilities by producing X-ray photon energy in an appropriate manner. To keep up with the expected growth of the global X-ray detector market, this discovery has compelled several significant competitors to create X-ray detectors that are both incredibly sensitive and low-dose radiation.
US X-Ray Detector Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.08 billion
Largest Segment
Flat Panel Detectors
Fastest Growth
Computed Radiography Detectors (CRD)
Growth Rate
6.10% CAGR
To get more reports on the above market click here to Buy The Report
The market for X-ray detectors is divided into categories based on product type, panel size, modality, module, application, and geography. By product type, the market is segmented into indirect flat panel detectors, direct flat panel detectors, computed radiography (CR) detectors, line scan detectors, and charge coupled device (CCD) detectors. By panel, the market is segmented into large area flat panel detectors and small area flat panel detectors. By modality, the market is segmented into portable detectors and fixed detectors. By module, the market is segmented into new digital X-ray systems and retrofit x-ray systems. By application, the market is segmented into dental, security, industrial, and veterinary. By region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, and the MEA.
Analysis by Type
As per categorization by type, the market is classified as flat panel detectors, charge-coupled device detectors, line scan detectors, and computed radiography plates/cassettes. Among these, flat panel detectors earned the largest share and continue to hold the dominant global x-ray detector market share. The global x-ray detector market is increasingly driven by the demand for Flat Panel Detectors (FPDs) that offer high image quality, faster processing time, and lower radiation dose. Fittings are taken in a number of medical imaging modalities such as digital radiography, mammography and fluoroscopy, which have clear images and increase the level of diagnosis. FPDs are the most widely used systems in the market with advanced features, simple digital implementation, and providing high-quality images in a cost-effective manner than traditional systems.
Line scan detectors are poised to become the fastest-growing segment in the global X-ray detector market due to their efficiency in capturing high-resolution images during fast-moving inspections. They are capable of panoramic imaging with a very low level of distortion, which makes them useful in industrial and security applications including baggage checks, food safety and quality control in production. The line scan detectors represent a simple and economic answer to the increasing demand for rapid and precise detection systems, by minimizing the scan time and increasing productivity. Their increasing penetration in automotive and industrial automation, as well as in non-destructive testing NDT, is one more factor driving the market, making them one of the growth drivers.
Analysis by Application
The medical segment is a dominant force in the global X-ray detector market, driven by continuous innovation in digital radiography, computed tomography (CT), and fluoroscopy. Recent developments in flat panel detectors (FPDs) and image processing systems have tremendously enhanced the diagnostic accuracy while minimizing the risks of radiation exposure and maximizing the safety of the patients. The rising need to obtain a diagnosis without the necessity to conduct surgery together with the transition to digital for clearer and quicker images drives the growth of the segment. Furthermore, the growing incidence of chronic ailments, rising elderly populations, and the development of health systems globally also support the quick expansion and dominance of the medical sector.
The security segment is set to be the fastest growing in the global X-ray detector market due to the rising demand for advanced screening technologies in airports, government facilities, and critical infrastructure. X-ray sensors, especially those of Line Scan and flat panel designs, have found greater usage in carry-on baggage screening, cargo scanning and surveillance to scan for hidden threats and concealed goods. With the rise in global security threats, there is an increasing demand for improved, enhanced and faster detection systems in order to improve safety and facilitate operations. Advanced X-ray supply systems in security systems will propel growth in the expenditure market even further.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominates the global X-ray detector market due to its advanced healthcare infrastructure, strong adoption of cutting-edge medical technologies, and high demand for diagnostic imaging. The healthcare systems in this region, especially in the United States, have been built to promote prevention and early diagnosis as well as non-invasive diagnostics techniques, thereby enhancing the demand for high-quality X-ray detectors. Moreover, Continuous developments in medical imaging systems such as digital radiography and CT are boosting the market. The presence of leading market players along with government expenditure in the healthcare and security technology sectors is also strengthening North America’s dominance of the global X-ray detector market.
Asia Pacific is the fastest-growing region in the global X-ray detector market due to rapid advancements in healthcare infrastructure, increasing healthcare access, and growing demand for diagnostic imaging technologies. There is a constant rise in spending on medical technologies especially in countries like China, India and Japan which is stimulating market growth. Furthermore, there is always the need for better diagnostic tools due to the aging population in the region and the increasing chronic disease burden. The rise in medical tourism coupled with the prevalence of digital X-ray systems in the region has also been a significant factor in the growth of Asia Pacific, making it one of the dominant regions in the global x-ray detector market on a global scale.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
X-Ray Detector Market Drivers
Advancements in Medical Imaging Technologies
Growing Healthcare Infrastructure in Emerging Markets
X-Ray Detector Market Restraints
Technical Limitations and Maintenance Costs
Risk of Radiation Exposure
Request Free Customization of this report to help us to meet your business objectives.
The global X-ray detector market size is driven by a strong competition among the key players who adopt recent technologies and enter strategic alliances to improve their performance in the market. Canon Inc., GE Healthcare, Siemens Healthineers, Philips Healthcare, and Carestream Health are some of the leading companies worldwide. These organizations are at the forefront of inventions in digital radiography, fluoroscopy, and CT imaging, providing innovative, affordable solutions. The growing need for better imaging solutions increases competition among various companies, thus encouraging more investments in research and development.
Top Player's Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global X-ray detector industry is set to experience substantial growth due to continuous technological advancements, particularly in digital radiography and detector sensitivity. As the demand for accurate diagnostics rises, especially in medical imaging, the market is expected to benefit from innovative solutions like flat panel detectors and line scan technologies.
Furthermore, improving healthcare access especially in the developing economies while there is a growing concern for safety of the patients and hence the need for reducing exposure to radiation will further propel the growth of the market. Nonetheless, there are a few issues such as exorbitant maintenance costs and concerns over radiation exposure that would have to be addressed to maintain growth over the long term.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.08 billion |
Market size value in 2031 | USD 5.25 billion |
Growth Rate | 6.10% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent Developments
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the X-Ray Detector Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the X-Ray Detector Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the X-Ray Detector Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the X-Ray Detector Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35A2191
sales@skyquestt.com
USA +1 351-333-4748