X-Ray Detectors Market Size

X-Ray Detectors Market worth $10.1 Billion by 2027 – Exclusive Report by Nova one advisor

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  According to the new market research report “X-Ray Detectors Market by Type (Flat Panel Detectors, Computed Radiography (CR) Detectors, Line Scan Detectors, And Charge-Coupled Device (CCD) Detectors; Application: Medical, Industrial, Security, Veterinary, Dental, And Others; And Panel: Large And Small) – Global Forecast to 2027″, published by Nova one advisor, the global X-Ray Detectors Market is projected to reach USD 10.1 Billion by 2027 from USD 6.1 Billion in 2020, growing at a CAGR of 7.9% during the forecast period.

Growth Factors:

The global x-ray detectors market is anticipated to witness growth over the forecast period, driven by growing innovation in technology coupled with introduction of effective x-ray devices such as filmless imaging machines. Reducing prices, better image quality due to technical advancement, and strong support by venture capitalist firms for providing funds are also expected to trigger the market growth in the coming seven years. In addition, increasing the geriatric population base, growing awareness about the radiography system, favorable government initiative, and heavy investment in research and development are vital factors expected to drive the global x-ray detectors market over the forecast period. Developing countries such as China, Brazil, and India are expected to witness lucrative growth due to continuous development of wireless x-ray detectors and growing medical tourism in these nations.  Furthermore, increasing disposable income, rising incidences of joint injuries, and demand for early-stage disease diagnosis are anticipated to expand the growth of this market over the forecast period.

The global x-ray detectors market is divided on the basis of application, types of detector, and panel size. By application, the market is segmented into medical applications, security applications, veterinary applications, dental applications, and industrial applications. The medical application is again bifurcated into static imaging and dynamic imaging.

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Report Coverage

Report Scope Details
Market Size USD 10.1 Billion by 2027
Growth Rate CAR 7.9% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Segments  Covered Type, Application, Panel and Region
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Companies Mentioned  Agfa-Gevaert Group, Varian Medical Systems, Konica Minolta, Inc., Analogic Corporation, Thales Group, FUJIFILM Holdings Corporation, Hamamatsu Photonics K.K, Mirion Technologies, Inc., Varex Imaging Corporation, Canon Medical Systems Corporation.

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the X-Ray Detectors market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the X-ray Detectors Market include:  Agfa-Gevaert Group, Varian Medical Systems, Konica Minolta, Inc., Analogic Corporation, Thales Group, FUJIFILM Holdings Corporation, Hamamatsu Photonics K.K, Mirion Technologies, Inc., Varex Imaging Corporation, Canon Medical Systems Corporation, Teledyne Technologies, Inc., and OR Technology – Oehm und Rehbein GmbH.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including Type, Application, Panel and Region and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

  • X-ray Detectors Market, by Type
    • Flat Panel Detectors
    • Computed Radiography (CR) Detectors
    • Line Scan Detectors
    • Charge-coupled Device (CCD) Detectors
  • X-ray Detectors Market, by Application
    • Medical
    • Industry
    • Security
    • Veterinary
    • Dental
    • Others
  • X-ray Detectors Market, by Panel
    • Large
    • Small

Regional Segmentation:

– North America Region (U.S., Canada, Mexico)

– Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

– Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

– South America Region (Brazil, Argentina, Columbia, Rest of South America)

– The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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Scope of the Study

This X-Ray Detectors market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Technological Advancements in X-ray Detectors to Propel Global Market

Technological advancements are likely to create a paradigm shift in the global X-ray detectors market through the introduction of innovative X-ray detectors for medical, security, industrial, veterinary, dental, and other applications. Various companies have launched innovative products and expand product offerings. This is projected to drive the global X-ray detectors market during the forecast period.

Software update and new resin profiles are recent advancements in X-ray detector product offerings. In March 2021, Carestream Health launched its first cesium glass-free medical detector in the market. The CARESTREAM Lux 35 Detector is a lightweight, glass-free wireless detector ergonomically designed with the comfort of patients and radiographers in mind. The cesium detector offers high resolution, better detail, and reduced exposure dose compared to gadolinium detectors.

In January 2021, Varex Imaging Corporation announced addition of LUMEN 4336W digital radiography detector to its product portfolio. This new product is an addition to LUMEN 4343W, part of new generation of detector, which increases the durability and convenience for the customers.

X-ray Detectors Market: Regional Segmentation analysis:

In terms of region, the global X-ray detectors market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

North America dominated the global X-ray detectors market in 2020. Growth of the market in the region can be attributed to rise in prevalence of dental diseases, rapid adoption of advanced technology, and presence of well-established players in the region. Moreover, increase in number of dental CBCT scans performed in the U.S. every year and rise in number of dedicated a-Si X-ray flat panel detectors being offered by market players for dental CBCT applications such as 1308DX / 1313DX (Varex Imaging Corporation) are increasing the adoption rate of flat panel detectors by healthcare providers in the U.S. and Canada for dentistry applications. This factor is projected to propel the market in the region during the forecast period.

The market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period. Well-established healthcare infrastructure and increase in collaborations between companies in the developed countries are expected to propel the X-ray detector market in the region during the forecast period. New product launches in China and Japan and rigorous marketing campaigns adopted by leading players in the market in the region to gain a competitive advantage are likely to fuel the growth of the market in Asia Pacific during the forecast period.

X-ray Detectors Market: Prominent Regions

North America dominated the global X-ray detectors market in 2020, followed by Europe and Asia Pacific. Rise in patient burden, availability of innovative products, technological advancements, and presence of key players providing X-ray detectors and other imaging technologies are anticipated to propel the market during the forecast period. According to the reaDentist.org, the U.S. had over 200,000 practicing dentists as of 2018. Hence, increase in the number of dentists and patients visiting dental clinics and labs is anticipated to drive the market in North America during the forecast period.

The X-ray detectors market in Asia Pacific is expected to expand at a higher CAGR from 2021 to 2027. Growing medical tourism, increasing incidences of breast cancer, and rising awareness about early and non-invasive diagnosis of breast cancer in Asia are leading to a rise in the number of women in the region aged 40 years or above undergoing mammography scans. This fuels the demand for advanced X-ray flat panel detectors in Asia Pacific.

Important years considered for this report:

Historical Years: 2017-2019

Base Year: 2020

Forecast Period: 2021-2027

Key Points Covered in X-Ray Detectors Market Survey

  • Demand will remain high in the U.S., backed by favourable reimbursement policies and presence of some of the leading market players.
  • Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
  • China and India will exhibit high demand for X-Ray Detectors, backed by expanding healthcare sector.
  • Focus on research and development will increase in Brazil, creating opportunities for the expansion of the X-Ray Detectors market.
  • Hospitals are expected to showcase higher demand for X-Ray Detectors on account of greater access to advanced technologies and higher footfall of patients.
  • Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan X-Ray Detectors market will continue increasing at a high pace.

Some of the key highlights covered in the report include:

  • X-Ray Detectors Market Demand-Supply Analysis -The report covers detailed insights into demand and supply forces prevailing in the global X-Ray Detectors market. It examines trends and factors influencing demand for X-Ray Detectors globally and gauges the impact of the same on the production.
  • X-Ray Detectors Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
  • Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
  • Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for X-Ray Detectors across the world.
  • Competitive Analysis – Some of the leading market players are profiled in the report on X-Ray Detectors. The report offers estimation of share individually helps by the market players and determines the impact of some of their popular strategies.
  • COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
  • Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global X-Ray Detectors market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for X-Ray Detectors are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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