X-ray Detectors Market (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 Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027
The global X-ray Detectors market gathered revenue around USD 6.1 Billion in 2020 and market is set to grow USD 10.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.9% during the prediction period 2021 to 2027.
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.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the X-ray Detectors market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global X-ray Detectors market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
|Market Size||USD 10.1 Billion by 2027|
|Growth Rate||CAR 7.9% From 2021 to 2027|
|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.|
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
X-ray Detectors market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
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.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
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 product type, application/end-user, 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
- X-ray Detectors Market, by Panel
- United Kingdom
- Rest of Europe
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- North Africa
- South Africa
- Rest of Middle East & Africa
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the X-ray Detectors market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the X-ray Detectors market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the X-ray Detectors markets more accurate and reliable.
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in X-ray Detectors market Study:
- Growth of X-ray Detectors in 2021
- Market Estimates and Forecasts (2017-2027)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for X-ray Detectors and How to Navigate
- Key Product Innovations and Regulatory Climate
- X-ray Detectors Consumption Analysis
- X-ray Detectors Production Analysis
- X-ray Detectors and Management