Digital Radiography Detectors Market

Digital Radiography Detectors Market: Direct Flat Panel Detectors Segment to Exhibit Highest Revenue Share: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2026

  • 2018-08-21
  • REP-GB-7238
  • 271 pages
  • PDF PPT EXCEL
 Digital Radiography Detectors Market

An Incisive, In-depth Analysis on the Digital Radiography Detectors Market

This study offers a comprehensive, 360 degree analysis on the Digital Radiography Detectors market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Digital Radiography Detectors market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Digital Radiography Detectors Market: Introduction

The digital radiography detectors is an integral part of the x-ray system, used to convert x-ray photon energy into visible light. Dynamic, flat-panel, and solid-state x-ray detectors are widely used in fluoroscopy imaging across various medical applications. The dynamic x-ray detector is made of thin layers of x-ray absorptive materials, which are overlaid on the active matrix array. The most common types of materials used in these x-ray detectors are scintillators, crystalline silicon (Si) or amorphous silicon, & phosphor detectors. The dynamic x-ray detectors are sold in two basic designs, indirect-conversion & direct conversion.

The adoption of flat panel x-ray detectors in the global digital radiography detectors market has increased significantly owing to their distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analogue  detectors (film based).

The participants operating in the digital radiography detectors market are introducing new products in the retrofit segment, which can be used to upgrade the current analogue and CR detector systems to digital radiography systems, and help to cater small hospitals and imaging centres.

Digital Radiography Detectors Market: Value and Forecast

In terms of revenue, the global digital radiography detectors market is projected to expand at a CAGR of 6.1% during the forecast period and is expected to be valued at US$ 2,713.7 million by the end of 2026.

Digital Radiography Detectors Market: Dynamics

The growth of the global digital radiography detectors market is primarily driven by increasing incidence of cancer and sports-related injuries, which present a large patient pool undergoing diagnostic imaging tests each year, particularly in emerging countries. Besides, the growing number of geriatric population, which is prone to injuries, is expected to drive the demand for radiography tests and consequently contribute to the growth of the global digital radiography detectors market over the forecast period. Introduction of new technologies by the manufacturers is expected to boost the demand for fluoroscopy devices and C-arms among end users, and also contribute to growth of the digital radiography detectors market.

Technological advancements, such as portability, and increasing application of a-Si detectors in dental CBCT and orthopaedic imaging are expected to build a huge platform for the growth of the digital radiography detectors market globally.

Furthermore, increasing healthcare spending, favourable reimbursements and growing awareness among healthcare professionals are some of the other factors driving the growth of the digital radiography detectors market in most of the developing countries. However, high cost of the devices and tests is a major factor expected to hinder the growth of the digital radiography detectors market.

Digital Radiography Detectors Market: Regional Outlook

The global digital radiography detectors market is segmented into eight regions, namely North America, Latin America, Europe, Asia Pacific (Asia-Pacific excluding Japan), Japan and Middle East & Africa (MEA). In terms of value, North America is expected to be the dominant regional market for Digital Radiography Detectors by 2018 end and is expected to grow at a CAGR of 6.6% over the forecast period. Japan and Asia Pacific are expected to be the fast-growing regional markets for digital radiography detectors over the forecast period. Western and Eastern Europe are expected to mark substantial shares in the global digital radiography detectors market over the forecast period. However, the MEA digital radiography detectors market is expected to represent sluggish growth due to lack of awareness and reach of technology in most of the countries.

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Digital Radiography Detectors Market: Key Players

Examples of some of the key players operating in the global digital radiography detectors market are Varex Imaging Corporation, Thales Group, Agfa-Gevaert N.V, Onex Corporation (Carestream Health), FUJIFILM Holdings Corporation, Analogic Corporation, Canon Inc., DRTECH Corporation, Hamamatsu Photonics k.k., KONICA MINOLTA, INC., Rayence Co., Ltd., and Teledyne Technologies Incorporated.

The report on the digital radiography detectors market is developed through identification of company-specific strategies related to new system development, market consolidation initiatives, and analyses of specific strengths of various market players, as well as their weakness and opportunities. The leading manufacturers of digital radiography detectors and healthcare providers are taking initiatives to increase awareness regarding the benefits of digital radiography detectors among healthcare professionals.

The companies in the global digital radiography detectors market focus on to consolidate their position by actively participating in activities such as partnerships, mergers, and acquisitions. The companies in the digital radiography detectors market are focusing on expanding their footprints in countries such as India, China, and Brazil.

FMI offers 8-year forecast on the global digital radiography detectors market. The primary objective of the report is to offer updates and information related to opportunities in the global digital radiography detectors market.

Report Description

In terms of revenue, the global digital radiography detectors market is expected to register a CAGR of 6.1% during the forecast period, 2018–2026. The primary objective of the report is to offer insights on the market dynamics that are expected to influence the growth of the global digital radiography detectors market over the forecast period. Insights on the key trends, drivers, restraints, value forecasts and opportunities for the companies operating in the global digital radiography detectors market are presented in the report.

The global market for digital radiography detectors is expected to witness moderate growth in terms of value over the forecast period. Increasing number of diagnostic imaging tests performed each year, owing to a number of factors including rise in focus on minimally invasive diagnostic tests, surge in prevalence of chronic diseases, and increase in per capita health care expenditure are the factors expected to drive the growth of the digital radiography detectors market over the forecast period. Besides, technological advancements in digital radiography detectors are expected to create potential growth opportunities for the players operating in the global digital radiography detectors market.

In terms of revenue, North America is expected to be the dominant regional market for digital radiography detectors due to introduction of new technologies by the manufacturers. APEJ is expected to showcase high growth in the digital radiography detectors market over the forecast period. To understand and assess the opportunities in this market, the report offers the forecast of the digital radiography detectors market on the basis of product type, panel size, modality, module type, and regions. The report provides the analysis of the global digital radiography detectors market in terms of market value (US$ Mn).  

The global digital radiography detectors market is segmented on the basis of product type into:

  • Indirect Flat Panel Detectors

  • Direct Flat Panel Detectors

  • Computed radiography (CR) Detectors

The report begins with the market definition, followed by definitions of the different digital radiography detectors product types. The market dynamics section includes FMI’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global digital radiography detectors market.

The report analyses the digital radiography detectors market on the basis of panel size and presents the forecast in terms of value for the next 8 years. On the basis of the panel size, the global digital radiography detectors market is segmented into:

  • Large Area Detectors

  • Small Area Detectors

The report analyses the digital radiography detectors market on the basis of the modality and presents the forecast in terms of value for the next 8 years. On the basis of the modality, the global digital radiography detectors market is segmented into:

  • Portable Detectors

  • Fixed Detectors

The report analyses the digital radiography detectors market on the basis of the module type and presents the forecast in terms of value for the next 8 years. On the basis of the module type, the global digital radiography detectors market is segmented into:

  • Digital X-ray Systems

  • Retrofit X-ray Systems

Next, the report analyses the digital radiography detectors market on the basis of regions and presents the forecast in terms of value for the next 8 years. On the basis of regions, the global digital radiography detectors market is segmented into:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe

    • U.K.

    • France

    • Germany

    • Italy

    • Spain

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • Asia Pacific excluding China & Japan (APEJ)

    • India

    • China

    • Australia & New Zealand

    • ASEAN countries

    • Rest of APEJ

  • Japan

  • Middle East & Africa (MEA)

    • GCC Countries

    • South Africa

    • Rest of MEA

In addition, we have considered the Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify the growth opportunities for the companies operating in the global digital radiography detectors market.

Another key feature of this report is the analysis of the key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective for services offered by the digital radiography detectors market. To understand the key segments in terms of their growth and performance in the global digital radiography detectors market, FMI has developed an attractiveness index, which will help identify the existing market opportunities.

In the final section of the report, the ‘competitive landscape’ has been included to provide a dashboard view of the key companies operating in the global digital radiography detectors market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the digital radiography detectors market and the potential players. However, this section also includes market strategies and SWOT analysis of the key players operating in the global digital radiography detectors market.

Detailed profiles of the digital radiography detectors product manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies. The key players included in this report are Varex Imaging Corporation, Thales Group, Agfa-Gevaert N.V, Onex Corporation (Carestream Health), FUJIFILM Holdings Corporation, Analogic Corporation, Canon Inc., DRTECH Corporation, Hamamatsu Photonics k.k., KONICA MINOLTA, INC., Rayence Co., Ltd., and Teledyne Technologies Incorporated.

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