According to SPER Market Research, the X-Ray detectors market estimated to reach USD 4.2 Bn by 2030 with a CAGR of 6.2%.
Global burden of cancers, cardiovascular diseases and infectious diseases is rising with increase in geriatric population. The rising healthcare investments support the adoption of X-ray detectors for the early detection of target diseases.
X-ray detectors are used to diagnose the diseases by measuring the flux of X-rays to produce visual films. X-ray detectors, convert the energy transported by the radiations into visual form to diagnose the disease.
According to American Institute for Cancer Research, there were 18.1 million cancer patients across the globe in 2020. The prevalence of cancer, is expected to grow further in the forecast period. Adoption of X-ray technology at hospitals will help to reduce the death rates by implementing early detection protocols.
The growth of x-ray detectors market is also influenced by rising geriatric population, awareness towards early detection of diseases, technological advancements, government initiatives and rising investments to curb healthcare expenditure. COVID-19 has also provided growth opportunities to this market due to the utility of this technology in the better diagnosis of the infection and related complications.
Flat panel detectors segment held largest share of X-Ray Detectors market. The large share of this segment can be ascribed by easy positioning, uniform field of view, declining prices, rising adoption of retrofit flat panel detectors and better patient access. North America accounted for the largest regional market. The large share of North America can be attributed to rising healthcare expenditure, high occurrence of chronic diseases, increasing geriatric population, growing adoption of technology in healthcare and presence of leading players. Asia-Pacific is expected to grow at the highest rate owing to increasing healthcare expenditure in the emerging economies such as China and India.
The global X-Ray Detectors market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Agfa-Gevaert Group, Analogic Corporation, Canon, Carestream Health, Detection Technology Plc., FUJIFILM Corporation, Hamamatsu Photonics K.K., iRay Technology, JPI Healthcare. Co. Ltd., Konica Minolta, Inc., MOXTEK, Inc., Teledyne Digital Imaging Inc., Thales Group, Varex Imaging Corporation, Vieworks Co., Ltd
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for Product Segment- Flat-Panel Detectors, Computed Radiography Detectors, Line-Scan Detectors, Charge-coupled device detectors; Application Segment- Medical Applications (Static Imaging [Mammography, Orthopedics, Chest Imaging, Oncology, Other Static Imaging Applications], Dynamic Imaging [Fluoroscopy, Surgical Imaging, Cardiovascular Imaging, Spinal Imaging]), Dental Applications, Security Applications, Veterinary Applications, Industrial Applications. This report also provides the data for key regional segments of North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
This study also encompasses various drivers and restraining factors for this market for the forecast period. Various growth opportunities are also discussed in the report.