Sales of Medical X-Ray Detectors Set to Surge 1.8X During 2019-2029
With a wealth of medical technologies on the horizon, X-ray detectors are rapidly evolving, in terms of design and operational efficiency, and continue to play a vital role in medical imaging. Moreover, digital electronics and advanced manufacturing methods have led to many approaches for the design and construction of medical X-ray detectors. In the view of global healthcare industry putting greater emphasis on valued-added services, demand for X-ray detectors is expected to grow on a significant pace. Future Market Insights, in its new study, projects the market value to reach US$ 3.2 Bn in 2029, up from US$ 1.8 Bn in 2019.
Frequently asked questions about medical X-ray detectors market
What are the factors contributing to the growth of medical X-ray detectors market?
Increase in number of radiography tests performed globally each year, new and advanced product introductions by market players are expected to boost the market revenues. Early diagnosis rate will continue to significantly benefit the medical X-ray detectors market.
How is the cost associated with X-ray detectors hampering market growth in emerging economies?
Cost of digital X-ray detectors is comparatively higher than traditional x–ray systems due to which, adoption of these systems in lower- and middle-income countries is low. Moreover, other costs associated with accessories of X-ray leads to economic burden on healthcare facilities, which in turn reduce adoption rate of digital X–ray detector.
What are the leading trends among end users contributing to growth of the medical X-ray detectors market?
Adoption and installation of digital and portable devices in healthcare facilities are leading trends in the global medical X-ray detectors market. To enhance customer experience and streamline diagnostic imaging process, healthcare facilitates are now replacing conventional devices by portable and technologically advanced imaging devices.
Which type of detector has noteworthy growth potential during the forecast period?
Market for major diagnostic imaging modalities including conventional X-ray device i.e. stationary analog devices, are reaching to maturity stage in developed countries such as the U.S. and the U.K. This signifies that much of the future demand in these imaging segments will be for alternative and efficient devices thus pushing the sales of digital mobile X-ray device.
Which region is expected to offer lucrative growth opportunities for the medical X-ray detectors market?
North America and Europe, being highly mature markets with expertise and resources, are expected to dominate the global medical X-ray detectors market. Also, Asia Pacific is expected to be lucrative region as majority of manufacturers of X-ray detectors are focusing to launch their products in the region.
How is the competition scenario in the medical X-ray detectors market?
Leading players in medical X-ray detectors market such as GE Healthcare, Canon, Philips and Hitachi, are focusing on business expansions by entering into partnership, mergers, sales agreement, and acquisitions with local manufactures from emerging economies.
Direct Flat-panel Detectors Capture 45% of Revenue Share
Direct flat-panel detectors continue to account for relatively high revenue share as compared to their indirect counterparts and computed radiography (CR) detectors. Flat-panel detectors are emerging as the ideal diagnostic X-ray systems which perform all current radiological modalities at reduced dose, in addition to providing high-quality radiograph which can be used for real-time imaging. In terms of panel size, large-area flat-panel detectors are in demand against their small-area variants. As 7 in 10 units of medical X-ray detectors sold in 2019 were large-area flat-panel, manufacturers have specifically focused on this category.
North America in Vanguard, East Asia Promises New Opportunities
Accounting for 35% of total sales value, North America continues to maintain its lead in the global medical X-ray detectors market. With patients at the center of health model and growing pace of digital transformations, the war of innovation supremacy among key market players are intensifying in the region. Manufacturers are also setting their eyes on key opportunities in East Asia, on the back of rising government investments in patient empowerment, healthcare technology trends, and more precise interventions and treatments. Sales of medical X-ray detectors in East Asia are set to witness an average annual increase of 6.5% during the period 2019-2029.
Cloud-based Medical Imaging and Portable Technologies to Dictate New Trends
As storage of increasing volume of patient data generated from imaging modalities are emerging as key challenges in the healthcare industry, manufactures are focusing on addition of cloud computing services in their product offering. Additionally, an embrace of R&D has been underway for the development of portable X-ray detectors using flexible electronics that in combination with portable X-ray sources could fit into ambulances for diagnosis on the road. A shift from silicon to plastic-based X-ray detectors and from analog to digital detectors, in line with manufacturers’ focus on leveraging advanced technologies, are expected to remain instrumental to future growth of the medical X-ray detectors market.
Direct flat-panel detectors remain highly preferred
Increasing demand for indirect flat-panel detectors
Fixed detectors account for ½ of the total revenue
Increasing demand for portable detectors to see a quantum leap
Hospitals remain top end user
Demand from diagnostic centers picks pace
How Growth will Unfold
Over the years, demand for medical X-ray detectors is gaining a boost from strong focus on prevention and early diagnosis of diseases along with introduction of advanced technologies in fluoroscopy devices and C-arms devices. In terms of module, digital X-ray equipment are witnessing higher demand and innovations as compared to retrofit X-ray systems. By 2029, retrofit X-ray systems are expected to lose their revenue share to the former system which is projected to account for 70% of the total sales. However, high cost of advanced medical imaging equipment and other costs associated with installation and radiation shielding are adding to reluctance of end users, especially in low- and mid-income countries.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Medical X-Ray Detectors Market Analysis 2019-2029
A recent market study published by Future Market Insights (FMI) offers global industry analysis for 2014–2018 and forecast for2019–2029. The study also offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the medical X-ray detectors market, the growth prospects of the market are obtained with maximum precision.
Medical X-Ray Detectors Market Taxonomy
The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- Indirect Flat-Panel Detectors
- Direct Flat-Panel Detectors
- Computed Radiography (CR) Detectors
- Large-Area Flat-Panel Detectors
- Small-Area Flat-Panel Detectors
- Portable Detectors
- Fixed Detectors
- Digital X-ray Systems
- Retrofit X-ray Systems
- Diagnostic Centers
- North America
- Latin America
- South Asia
- East Asia
- Middle East And Africa
The report commences with the executive summary of the medical X-ray detectors market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the medical x-ray detectors market.
Readers can find the detailed segmentation and the definition of the medical x-ray detectors market in this chapter, which will help them understand the basic information about the medical x-ray detectors market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the medical x-ray detectors market report.
The medical x-ray detectors market report provides the key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes the factors that have emerged as key successful factors and the strategies adopted by key market participants. Additional viewpoint on global average pricing analysis benchmark, consumer sentiment analysis, and value chain analysis, which are likely to contribute to market growth.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the medical X-ray detectors market over the forecast period. Along with the macroeconomic factors, this section also highlights the impact factors, supply chain, forecast factors, Porter’s five forces analysis, and value chain analysis for the medical X-ray detectors market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section. Moreover, readers will understand the key trends followed by the leading manufacturers in the medical X-ray detectors market.
This section explains the global market volume analysis and forecast for the medical X-ray detectors volume between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical medical X-ray detectors market. This section also explains the global market volume analysis and forecast for the medical X-ray detectors market between the forecast periods of 2019-2029.
This section includes the viewpoint on global average pricing analysis benchmark, based on product type.
This section explains the global market value analysis and forecast for the medical X-ray detectors market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical medical X-ray detectors market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the medical X-ray detectors market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the medical X-ray detectors market between the forecast periods of 2019-2029.
Based on product type, the medical X-ray detectors market is segmented into indirect flat-panel detectors, direct flat-panel detectors, and computed radiography (CR) detectors. Readers can find information about the key trends and developments in the medical X-ray detectors market and market attractiveness analysis based on product type.
Based on panel size, the medical X-ray detectors market is segmented into large-area flat-panel detectors and small-area flat-panel detectors. In this chapter, readers can find information about the key trends and developments in the medical X-ray detectors market and market attractiveness analysis based on application of medical X-ray detectors.
Based on modality, the medical X-ray detectors market is segmented into portable detectors and fixed detectors. In this chapter, readers can find information about the key trends and developments in the medical X-ray detectors market and market attractiveness analysis based on application of medical X-ray detectors.
Based on module type, the medical X-ray detectors market is segmented into digital X-ray systems and retrofit X-ray systems. In this chapter, readers can find information about the key trends and developments in the medical X-ray detectors market and market attractiveness analysis based on application of medical X-ray detectors.
This chapter provides details about the medical X-ray detectors market on the basis of end user, and has been classified into hospitals and diagnostic centers. In this chapter, readers can understand the market attractiveness analysis based on end user.
This chapter explains how the medical X-ray detectors market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America, along with a country-wise assessment that includes the U.S. and Canada.
Readers can find detailed information about several factors, such as the pricing analysis, which are impacting the growth of the Latin America. This chapter also includes the growth prospects of the medical X-ray detectors market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the medical X-ray detectors market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, Russia, and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand, and Malaysia are among the leading countries in the South Asia region, which are the prime subjects of assessment to obtain the growth prospects of the South Asia medical X-ray detectors market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Medical X-ray detectors market during the period 2019–2029.
This chapter highlights the growth of the medical X-ray detectors market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the medical X-ray detectors market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania medical X-ray detectors market.
This chapter provides information about how the medical X-ray detectors market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey, and the rest of MEA, during the forecast period 2019 - 2029.
This chapter provides information about how the Emerging Countries medical x-ray detectors market will grow during the forecast period 2019 - 2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the medical X-ray detectors market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the medical X-ray detectors market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Varex Imaging Corporation, Trixell, Canon Inc, FUJIFILM Holdings Corporation, KONICA MINOLTA, INC, Agfa-Gevaert N.V, Analogic Corporation, Rayence Co., Ltd., Hamamatsu Photonics, DRTECH Corporation, Teledyne Technologies Incorporated and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the medical X-ray detectors market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the medical X-ray detectors market.
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