Market growth is mainly driven by the declining prices and benefits offered by digital detectors, growing public and private investments in digital imaging technologies and reimbursement cuts for analog X-rays.
According to the new market research report X-Ray Detector Market is projected to reach $3.8 billion by 2024, at a CAGR of 6.1% during the forecast period.
By application, the X-Ray Detector Market is segmented into security, veterinary, medical, dental and industrial applications. The medical applications segment is expected to grow at the highest rate during the forecast period. The growth in this segment can primarily be attributed to the advancements in medical technology, increasing number of orthopedic, rising geriatric population and cardiovascular procedures.
The X-Ray Detector Market is highly competitive with the presence of several small and big players. Some of the prominent players in the X-Ray Detector Market include Varex Imaging Corporation (US), Thales Group (France), Canon, Inc. (Japan), Fujifilm Holdings Corporation (Japan), Konica Minolta, Inc. (Japan), Teledyne DALSA Inc. (US), Agfa-Gevaert Group (Belgium), Carestream Health (US), Vieworks Co., Ltd (South Korea), Analogic Corporation (US), Rayence (South Korea), and Hamamatsu Photonics K.K. (Japan).
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