PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1455824
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1455824
The x-ray detectors market is projected to reach USD 4.2 billion by 2029 from USD 3.1 billion in 2023, at a CAGR of 5.0% from 2023 to 2029. Additionally, the industry's growth is fueled by various factors, including the prompt detection of disease conditions, early diagnosis of illnesses, a rising target patient demographic, increased investments in advancing healthcare facilities and digital imaging technologies, a growing demand for early diagnostic tools, and an expanding scope of clinical applications for X-ray detectors. The increasing target patient population further contributes to the anticipated market growth in the near future.
Scope of the Report | |
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Years Considered for the Study | 2021-2029 |
Base Year | 2023 |
Forecast Period | 2023-2029 |
Units Considered | Value (USD) Billion |
Segments | Technology, Type, Application, and Region |
Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
"The flat panel segment held the largest share of the market in 2023."
Based on technology, the x-ray detectors market is segmented into flat-panel detectors,computed radiography detectors, line -scan detectors, charge-coupled device detectors. The flat panel segment held the largest market share in 2023. The predominant portion of this segment can be credited to its simpler positioning in clinical studies, absence of geometric distortion, and streamlined chemical processing.
"The medical application segment is projected to register the highest CAGR during the forecast period."
Based on application, the x-ray detectors market is segmented into medical applications, dental applications, security/defence applications, veterinary applications, industrial applications, and other applications. The medical applications segment is expected to experience the most significant CAGR from 2023 to 2029, projected at 5.0%. This elevated growth can be attributed to factors such as the escalating incidence of cancer, a rising geriatric demographic, an uptick in orthopedic cases, and increased cardiovascular procedures, contributing to a higher CAGR in the medical segment during the forecast period.
"The market in the Asia Pacific region is expected to witness the highest growth during the forecast period."
Based on region, Asia pacific accounted for the largest market share in 2023. The dominance of this share can be ascribed to the substantial volume of target procedures (encompassing cardiovascular, neurovascular, oncology, and others) conducted in the region, coupled with a heightened prevalence of associated diseases and disorders. The X-Ray detectors market in the APAC region is expected to register a CAGR of 6.6% during the forecast period Mainly driven by the expansion of hospitals in Asian countries, supportive government initiatives, a thriving healthcare industry, and a rising incidence of target diseases and disorders in the region, the high CAGR can be attributed to the growing population in Asian countries, along with extensive government policies and schemes.
The prominent players in the X-ray detectors market are Varex Imaging (US), Canon (Japan), Thales Groups (France), and among others.
Research Coverage
This report studies the X-ray detectors market based on technology, type, application, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their growth trends and forecasts the revenue of the market segments with respect to three main regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall x-ray detectors market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.