Medical X-ray detectors Market In-Depth Analysis 2017-2025

Global Market Study
on Medical X-Ray
Detectors: Direct
Flat-Panel Detectors poised to show robust growth during the
forecast period
Increasing private and public investment in digital imaging technology
particularly in the field of healthcare, the numerous benefits offered by digital
detectors, analog X-ray reimbursement cuts, and reducing prices are the main
factors driving the medical X-ray detectors market. Furthermore, technological
advancements coupled with strong encouragement by venture capitalists should
boost the medical X-ray detectors market throughout the course of the study
period. The medical X-ray detectors market is poised to grow with a robust
CAGR of 6.1% from 2017-2022.
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Digital X-ray systems are twice the size of retrofit X-ray systems in terms of
module type and are expected to become even more popular in the days ahead.
The digital x-ray systems medical X-ray detectors segment is on track to be
worth more than US$ 2 billion by the end of the study period, making it
imperative for key stakeholders to target this segment. Retrofit systems are
slowly but surely fading in popularity. Nonetheless, this segment still accounts
for a revenue share approaching a third of the medical X-ray detectors market in
2017 and companies cannot overlook it entirely in favor of digital x-ray
systems.
Fixed detectors comprise more than half the medical X-ray detectors market by
revenue share. North America alone has a third of the market in 2017 and is
expected to be the only region in the medical X-ray detectors market to record a
robust CAGR in excess of 6%. Europe is the second largest region in the fixed
detector segment of the medical X-ray detectors market but MEA and Latin
America are predicted to grow at a higher CAGR. Portable detectors occupy the
balance revenue share in the modality segment of the medical X-ray detectors
market. This segment is highly likely to see strong growth and companies can
try to target this lucrative segment accordingly.
Large-area flat panel detectors are dominant in the medical X-ray detectors
market by panel size segment in 2017 and are estimated to remain so going
forward. The large-area flat panel detector segment in both North America and
Europe is assessed to be worth more than US$ 600 million by the end of the
forecast period, ensuring that all major players can be profitable in such a large
market. The small-area flat panel detectors segment is particularly popular in
North America with a high CAGR in the APEJ region.
Computed radiography has a revenue share of just over a fifth of the medical Xray detectors market by product type segment and is likely to lose popularity
over the study period. A similar CAGR greater than 4.5% exists in Latin
America and APEJ but the latter is considerably larger in terms of market size.
North America is the largest region in the medical X-ray detectors market and
the U.S. accounts for the lion’s share within the continent. The U.S. medical Xray detectors market is anticipated to grow to more than a billion dollars by end
2022.
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The companies profiled in the medical X-ray detectors market report are
Teledyne Technologies Incorporated, Rayence Co., KONICA MINOLTA,
Hamamatsu Photonics, DRTECH Corporation, Canon Inc, Analogic
Corporation, FUJIFILM Holdings Corporation, Onex Corporation, and AgfaGevaert N.V.
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