Factors such as growing public and private investments in Digital Imaging technologies, declining prices and benefits offered by digital detectors and reimbursement cuts for analog X-rays are driving the growth of the X-ray detectors market.
According to report the global X-Ray Detectors Market is projected to reach $3.8 billion by 2024, at a CAGR of 6.1% during the forecast period.
Based on type, the market is segmented into flat-panel detectors (FPDs), charge-coupled device (CCD) detectors, and line-scan detectors, computed radiography (CR) detectors. In 2019, the flat-panel detectors segment is expected to account for the largest share of the X-ray detectors market. The growth in this market is mainly driven by the advantages offered by FPD-based portable digital systems (such as increased patient throughput, high-quality images, faster scanning, and multiple storage options), their decreasing prices, and the growing demand for retrofit FPD-based digital X-ray systems.
By application, the market is segmented into dental, security, veterinary, medical 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 rising geriatric population, advancements in medical technology, and the increasing number of orthopedic and cardiovascular procedures.
The X-ray detectors market is highly competitive with several big and small players. Prominent players in this market include Varex Imaging Corporation (US), Thales Group (France), Canon, Inc. (Japan), Carestream Health (US), Vieworks Co., Ltd (South Korea), Fujifilm Holdings Corporation (Japan), Agfa-Gevaert Group (Belgium), Hamamatsu Photonics K.K. (Japan), Konica Minolta, Inc. (Japan), Teledyne DALSA Inc. (US), Analogic Corporation (US), Rayence (South Korea), and DRTECH (South Korea).
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