Global X-ray Detectors industry will grow to 3061 million USD in 2022

Global X-ray Detectors industry will grow to 3061 million USD in 2022 Custom Research｜Research Report｜Management Consulting｜Seminar｜Database

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X-ray Detectors is a technology-intensive and high entry barrier industry. At present, in developed countries, the X-ray Detectors industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in North America, Europe and Japan. The global X-ray Detectors industry has reached a production volume of approximately 62573 Unit in 2016. The global X-ray Detectors industry has reached the production value of approximately 2289 million USD in 2016. The top three manufacturers are Varex Imaging, Trixell and Canon. Other key manufacturers include Fujifilm Medical Systems, Konica Minolta, Analogic Corporation, Teledyne Dalsa, Agfa Healthcare, Hamamatsu Corporation, Carestream Health, GE Healthcare, Rayence, vieworks, Shanghai Iray Electronics Technology and CareRay.

QYResearch By application, the global X-ray Detectors market is segmented into Medical, Dental, Security, Veterinary and Industrial non - destructive testing. The Medical Applications segment is expected to grow at the highest revenue growth during the forecast period 2016-2022 with a 5.41% CAGR. High growth in this market is attributed to the growing geriatric population; increasing number of orthopedic, mammography and cardiovascular procedures; and technological advancements in X-ray devices and CT scanners are driving the growth of the X-ray detectors for medical applications.

In the medical imaging market, the flat panel detectors sector is experiencing rapid growth, driven by a market transition from analog to digital systems due to lower costs, X-ray dose reductions, increased patient throughput, and U.S.legislated reimbursement cuts for analog systems. Product cycles are becoming shorter and there is a significant future replacement opportunity for the estimated 500,000-plus analog units that exist globally. The competitive landscape is fragmented with the potential for consolidation and many OEMs lack scale, driving them to outsource the manufacture of X-ray detectors.

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Asia is poised to be the fastest-growing region during the forecast period. The high growth in this market is attributed to the growing geriatric population, growing adoption of digital imaging systems, rising disposable income, growing number of awareness programs and symposia, and growing venture capital investments driving growth in the Asian market. However, High initial cost of Digital X-ray systems and stringent regulatory procedures for product launch may hinder the growth of this market during the forecast period. Meanwhile, the development of CMOS technology will improve the X-ray Detectors industry.

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