X-ray Detector Market Competitive Outlook In Healthcare Industry


Posted May 2, 2022 by SanyuktaK_2022

By application, the medical segment dominated the market in 2019, and is anticipated to maintain its dominance from 2020 to 2027.
 
“X-ray detector Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020–2027," the global X-ray detector market size was valued at $5.12 billion in 2019, and is projected to reach $8.87 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027. The medical application of the X-ray detector accounted for almost half of the market share in 2019 and is expected to maintain its dominance over the forecast period.
North America and Europe, collectively, accounted for over three-fourth of the X-ray detector market share in 2019. X-rays are one of the oldest and most frequently used form of medical imaging. The most common methods of X-ray in medical imaging are X-ray radiography, computed tomography (CT), mammography, and angiography. Apart from medical application, various applications of X-rays include veterinary, dental, industrial, and security. The technological advancement.

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COVID-19 Impact Analysis:
Unprecedented nature of the COVID-19 pandemic and its impact on the global economy has brought a disruption to various businesses. Moreover, hospital visits not related to COVID-19 are often postponed in most countries, resulting in a lower demand for X-ray applications in chronic disorders including orthopedic diseases. Many private clinics in countries such as India and Latin America are postponing their investments in computed radiography (CR) equipment. Furthermore, COVID-19 has significantly hampered the medical tourism industry, owing to various restrictions in cross country travels. This has further impacted growth of the X-ray detector market.

North America acquired a major share of the market, owing to presence of key players that offer popular X-ray detectors in the region, well-established healthcare facilities, growth in number of medical imaging procedures, favorable reimbursement policies, rise in threats of terrorism, large focus on product quality & non-destructive testing, and growth in adoption of pets & animal farming. However, Asia-Pacific is expected to grow at the fastest rate during the forecast period, owing to increase in healthcare expenditure, growth in medical tourism, rise in adoption of technologically advanced X-ray imaging products, presence of large geriatric population, and focus on skill development in the region, which also offers lucrative opportunities for the X-ray detector market.

The report provides a comprehensive analysis of the key players operating in the global X-ray detector market, namely Agfa-Gevaert N.V., Analogic Corporation (Altaris Capital Partners, LLC), Canon, Inc., Carestream Health, Inc., Comet Holding (YXLON International GmbH), Detection Technology Plc., Fujifilm Holdings Corporation (Fujifilm Medical Systems), General Electric, Konica Minolta Holdings Inc., Koninklijke Philips N.V., Siemens AG, Teledyne Technologies Incorporated (Teledyne DALSA, Inc.), Thales Group (Trixell), and Varex Imaging Corporation. The other players in the value chain include (profiles not included in the report), Agilent Technologies, Hamamatsu Photonics K.K., Vieworks Co., Ltd., and Rayence Inc

Key Findings Of The Study
By panel size, the large area FPDs segment accounted for maximum share in the global flat panel detectors (FPDs) market in 2019.

CCD detector is expected to grow at a CAGR of 7.9% during the forecast period.

By application, the medical segment dominated the market in 2019, and is anticipated to maintain its dominance from 2020 to 2027.

By type, the dynamic imaging is expected to witness the highest growth during the forecast period.
U.S. dominated the North America X-ray detector market, and is projected to retain this trend throughout the forecast period.
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Issued By Sanyukta
Country India
Categories Health , Medical , Research
Tags amr , healthcare , xray detector
Last Updated May 2, 2022