Ashish K
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Medical X Ray Detectors Market Accounting For US$ 1.1 Billion By 2022

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.

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.

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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.

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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 X-ray 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 X-ray detectors market is anticipated to grow to more than a billion dollars by end 2022.

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Company Profiles

  • Agfa-Gevaert N.V.
  • Onex Corporation
  • FUJIFILM Holdings Corporation
  • Analogic Corporation
  • Canon Inc
  • DRTECH Corporation
  • Hamamatsu Photonics k.k
  • Konica Minolta, Inc.
  • Rayence Co., Ltd.
  • Teledyne Technologies Incorporated
  • Others.
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