X-ray Detector Market Envisioned to Generate a CAGR of 5.6% from 2022-2031

The global X-ray detectors market is projected to grow at a CAGR of 5.6% during the forecast period from 2022 – 2031.

The x-ray detectors market is expected to reach USD 3.31 billion by 2031 from USD 2.53 billion in 2022, at a CAGR of 5.6%. Growing public and private investments in digital imaging technologies, declining prices, and benefits offered by digital detectors, and reimbursement cuts for analog X-ray are driving the growth of the x-ray detectors market. On the other hand, market growth may be limited to a certain extent due to the high cost of digital X-ray systems.

“Flat-panel detectors (FPDs) are expected to dominate the market during the forecast period.”

By type, the x-ray detectors market is segmented into flat-panel detectors (FPDs), computed radiography (CR) detectors, charge-coupled device (CCD) detectors, and line-scan detectors. The FPDs segment is expected to hold the largest share of the market in 2022 and is also projected to register the highest CAGR during the forecast period. Advantages of FPD-based portable digital systems (such as high-quality images, faster scanning, increased patient throughput, and multiple storage options) and their decreasing prices are key factors driving the growth of this segment.

“Portable detectors segment expected to hold the largest share of the market in 2022.”

Based on portability, the FPDs market is segmented into fixed and portable detectors. The portable detectors segment is expected to dominate this market with the largest share due to their advantages over fixed detectors in 2022.

“Medical applications segment are expected to witness high growth during the forecast period”

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 rate in the forecast period. The growth in this segment can primarily be attributed to the advancement in medical technology, the rising geriatric population, and increasing orthopedic and cardiovascular procedures.

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“Asia to witness high growth during the forecast period.”

In 2022, North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in this regional segment is attributed to the increasing adoption of digital imaging systems, rising disposable income, a growing number of awareness programs and symposia, and growing venture capital investment.

The primary interviews conducted for this report can be categorized as follows:

  •  By Company Type: Tier 1 – 35%; Tier 2 – 44%; Tier 3 – 21%.
  •  By Designation: C-level- 22%; D-level- 31%; Others- 46%.
  •  By Region: North America-60%; Europe-12%; Asia-24%; RoW-4%.

List of Companies Profiled in the report

  •  Varian Medical Systems
  •  PerkinElmer, Inc.
  •  Thales Group
  •  Canon, Inc.
  •  Konica Minolta, Inc.
  •  Teledyne DALSA Inc.
  •  Fujifilm Holdings Corporation
  •  Carestream Health
  •  Agfa-Gevaert Group
  •  Vieworks Co., Ltd
  •  YXLON International GmbH
  •  Analogic Corporation
  •  Hamamatsu Photonics K.K.
  •  Rayence

Research Coverage:

The report provides an overview of the x-ray detectors market. It aims at estimating the market size and future growth potential of this market across different segments such as type, applications, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall X-ray detectors market and its subsegments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.

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