The global Medical X-Ray Detectors Market report highlights that the market was valued at $2,019.0 million in 2021 and is expected to reach $ 3,702.0 million by the end of 2032. The market is expected to grow at a CAGR of 5.50% during the forecast period from 2022 to 2032. The market is driven by factors such as the increasing prevalence of fractures and spinal injuries augmenting the growth of the market, technological advancements in X-Ray detectors, and the use of new-age materials for the development of X-Ray detectors and dose management.
Market Lifecycle Stage
The global medical X-Ray detectors market is still in the development phase. Increased research and development activities are underway to develop more products.
The opportunity for growth of the global medical X-Ray detectors market lies in the innovations in technology and the development of AI-based digital X-Ray systems enabling diagnostic accuracy and productivity.
Impact of COVID-19
The COVID-19 pandemic led to the rescheduling of non-essential diagnostic tests and treatment procedures. The impact of COVID-19 on devices is ambiguous, as surgeries were limited during the pandemic. Before the COVID-19 pandemic, X-Ray detectors were majorly undertaken in hospitals, clinical, and diagnostic facilities. Owing to factors such as travel restrictions and the risk of transmission of the virus, there was a decrease in diagnostic tests and treatment procedures.
As the recovery phase of the COVID-19 pandemic begins, diagnostic tests and treatment procedures are expected to normalize.
Market Segmentation:
• Segmentation 1: by Product
- By Type
- By Panel Size
- By Panel Connection
The global medical X-Ray detectors market (by-product) is expected to be dominated by the type segment.
• Segmentation 2: by Application
- Static Imaging
- Dynamic Imaging
The global medical X-Ray detectors market (by application) is expected to be dominated by the medical segment.
• Segmentation 3: by Modalities
- Portable Detectors
- Fixed Detectors
The global medical X-Ray detectors market (by modalities) is expected to be dominated by the portable segment.
• Segmentation 4: by Module Type
- New Digital X-Ray Systems
- Retrofit X-Ray Systems
The global medical X-Ray detectors market (by module type) is expected to be dominated by the new digital X-Ray segment.
• Segmentation 5: by End User
- Hospitals and Clinics
- Diagnostic Centers
The global medical X-Ray detectors market (by end user) is dominated by the hospitals and clinics segment.
Segmentation 6: by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest-of-Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest-of-Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest-of-Latin America
- Middle East and Africa
- U.A.E
- K.S.A
- South Africa
- Rest-of-Middle East and Africa
The global medical X-Ray detectors market (by region) is dominated by the North America region.
Recent Developments in Global Medical X-Ray Detectors Market
- In February 2022, KA Imaging Inc., secured a Taiwan license for the Reveal 35C dual-energy X-Ray detector; through this license, the detector can be sold in the Taiwan market.
- In May 2022, EXAMION partnered with Systemhaus GmbH & Co. KG to offer an even broader range of products to our customers in the future. With this cooperation, both companies emphasize their industry expertise in the healthcare sector and focus on added value for the customer.
- In May 2021, KA Imaging collaborated with Alpha Imaging in the U.S. Through this collaboration, hospitals, medical facilities, and practices from 14 states can now acquire Reveal 35C through Alpha Imaging.
- In March 2021, Carestream Health Inc. launched Lux 35 detector, a cesium glass-free medical detector. It is a lightweight, glass-free wireless detector.
- In August 2020, Carestream Health Inc. launched a new digital radiography detector in the U.S. and Canada.
- In April 2019, Varex Imaging Corporation acquired Direct Conversion, a manufacturer of linear array digital detectors, to expand its product portfolio.
- In December 2018, Detection Technology Plc. acquired MultiX technology. Through this acquisition, the company would expand its technology base and will strengthen its position in security, industrial, and medical X-Ray imaging.
The following are the drivers for the global medical X-Ray detectors market:
- Increasing prevalence of fractures and spinal injuries augmenting the growth of the market
- Technological advancements in X-Ray detectors
- Use of new age materials for the development of x-ray detectors for better spatial resolution and dose management
The market is expected to face some limitations as well due to the following challenges:
- Limitations in emerging economies hinder the growth and adoption of X-Ray detectors
- High cost of X-Ray detectors
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How Can This Report Add Value to an Organization?
Type: The type segment helps the reader understand the different types of X-Ray Detectors available in the market. Moreover, the study provides the reader with a detailed understanding of the different flat-panel detectors (indirect flat-panel detectors and direct flat-panel detectors). Furthermore, the study also covers different segments by module type (new digital X-Ray system and retrofit X-Ray systems)
Growth/Marketing Strategy: The global medical X-Ray detectors market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been regulatory and legal activities, partnerships, alliances, and business expansions to strengthen their position in the market. For instance, in February 2022, KA Imaging Inc. secured a Taiwan license for the Reveal 35C dual-energy X-Ray detector; through this license, the detector can be sold in the Taiwan market, and in May 2022, EXAMION partnered with Systemhaus GmbH & Co. KG to offer an even broader range of products to our customers in the future. With this cooperation, both companies emphasize their industry expertise in the healthcare sector and focus on added value for the customer.
Competitive Strategy: Key players in the global medical X-Ray detectors market analyzed and profiled in the study involve established and emerging players that offer different products for X-Ray detectors. Moreover, a detailed competitive benchmarking of the players operating in the global medical X-Ray detectors market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
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These detectors are mainly of two types imaging and X-ray films detectors.
Owing to technological advancements, the overall market is directed towards steady growth by better image quality that has lead towards price reductions.
The worldwide medical X-ray detectors market is anticipated for a steady growth with a robust 6.1% CAGR throughout the assessment period 2017-2022.Market segmentation by regionThe overall market is analyzed across six key regions, namelyAPEJJapanMEAEuropeNorth AmericaLatin AmericaNorth America will be the most lucrative region among others and is expected to exhibit a robust CAGR of more than 6% in the coming years, followed by Europe.
However, Latin America and Middle East and Africa are considered to be witnessing the highest growth in terms of value, and a remarkable CAGR throughout the projection period.
A CAGR more than 4.5% is exhibited in Latin America and Asia Pacific excluding Japan although the latter is significantly bigger based on market size.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114832/Medical-X-ray-Detectors-Market Market segmentation by product typeThe market on the basis of product type is divided intoDirect Flat-Panel DetectorsIndirect Flat-Panel DetectorsLine-Scan DetectorsCharge-Coupled Device (CCD) DetectorsComputed Radiography (CR) DetectorsThe computed radiography is estimated to gain one-fifth of the overall market revenue share and is predicted to lose its revenue share over the calculated period.Market segmentation by panel sizeThe worldwide market is broadly categorized into small-area flat-panel detectors and large-area flat-panel detectors.
