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(MoneyNewsWire.Net, May 04, 2018 ) The x-ray detectors market is expected to reach USD 3.31 Billion by 2022 from USD 2.53 Billion in 2017, at a CAGR of 5.6%. 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 demand for x-ray detectors.
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This report segments the X-ray detectors market into type, applications, and region. Based on FPDs type, the X-ray detectors market is segmented into FPDs market by type of systems, panel size, and portability. The Flat-panel detectors (FPDs) segment is expected to account for the largest share of the X-ray detectors market, by type, in 2017.
Based on the applications, the X-ray detectors market is segmented into medical applications, dental applications, security applications, veterinary applications, and industrial applications. The medical applications segment is expected to grow at the highest CAGR during the forecast period. Factors like the growing geriatric population; increasing number of orthopedic, mammography and cardiovascular procedures; and technological advancements in X-ray devices are driving the growth of the X-ray detectors for medical applications.
In 2017, North America is expected to dominate the market, followed by Europe. The high growth of the North American market is attributed to the factors such as technological innovations, increasing healthcare spending, availability of venture capital and government funding, and increasing incidence of chronic diseases in that region.
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While North America is expected to dominate the market in 2017, Asia is expected to grow at the highest CAGR during the forecast period. The high growth in this market is attributed to the growing adoption of digital imaging systems, rising disposable income, growing number of awareness programs and symposia, and growing venture capital investments.
While the X-ray detectors market presents significant growth opportunities, market growth may be limited to a certain extent due to the high cost of digital X-ray systems. The x-ray detectors market is highly competitive with several big and small players. Prominent players in the x-ray detectors market include Varian Medical Systems (U.S.), PerkinElmer, Inc. (U.S.), Thales Group (France), Canon, Inc. (Japan), Konica Minolta, Inc. (Japan), Teledyne DALSA Inc. (U.S.), Fujifilm Holdings Corporation (Japan), Agfa-Gevaert Group (Belgium), Carestream Health (U.S.), Vieworks Co., Ltd (South Korea), Analogic Corporation (U.S.), Rayence (South Korea), YXLON International GmbH (Germany), Hamamatsu Photonics K.K. (Japan), and DRTECH (Korea).
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