X-Ray Detector Market Comprehensive Analysis of Key Developments in the Medical Industry
The growth of the global X-ray detector market is mainly driven by the increase in demand for digital imaging technology. Furthermore, various benefits that propel the growth of the Digital Detector X-ray Detector market. Moreover, favorable reimbursement policies for X-ray diagnostics are also driving the market growth. High cost of digital x-ray systems is expected to restrain the market growth. On the contrary, rise in demand for wireless x-ray detectors and rise in medical tourism in developing countries are expected to provide lucrative opportunities for market expansion over the forecast period.
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X-ray detectors are devices used to measure the flux, spatial distribution, spectrum, and other properties of X-rays. The most common methods of X-rays in medical imaging include X-ray radiography, computed tomography (CT), mammography, and angiography. X-ray radiography can be used to detect or diagnose bone fractures; Infections such as pneumonia; and calcification including kidney stones. X-rays are a form of electromagnetic radiation that has high energy and can pass through most objects, including the body. In many applications of X-rays, such as veterinary, medical, dental, industrial, and safety, it is most commonly used in medical imaging to create images of tissues and structures in the body. For medical imaging, an X-ray beam passes through the body where a portion of the X-rays are either absorbed or scattered by internal structures and the remainder is transmitted to an X-ray pattern detector.
Covid-19 has diverted stimulus funds to diagnostic X-ray systems to help provide much-needed diagnostic imaging facilities, resulting in better-than-expected growth in the radiography market. A chest X-ray is often the first imaging test performed after a positive reverse-transcription polymerase chain reaction (RT-PCR) if the patient is at risk for disease progression. In addition, mobile digital radiography (DR) systems are at the forefront in providing an initial screening for pneumonia and secondary and more progressive stage of severe COVID-19 cases. Moreover, for emerging countries, mobile DR systems provide imaging capabilities for diagnosis of COVID-19, owing to their increased affordability compared to CT systems. Hence, surge in demand for digital X-ray radiography is expected to have a positive impact from the COVID-19 pandemic.
Asia-Pacific is expected to grow at the fastest rate during the forecast period, owing to increase in healthcare expenditure, growth in medical tourism, rise in adoption of technologically advanced X-ray imaging products, presence of large geriatric population, and focus on skill development in the region, which also offers lucrative opportunities for the X-ray detector market.
Key Market Players:
A comprehensive analysis of the key players operating in the global X-ray detector market, namely Agfa-Gevaert N.V., Analogic Corporation (Altaris Capital Partners, LLC), Canon, Inc., Carestream Health, Inc., Comet Holding (YXLON International GmbH), Detection Technology Plc., Fujifilm Holdings Corporation (Fujifilm Medical Systems), General Electric, Konica Minolta Holdings Inc., Koninklijke Philips N.V., Siemens AG, Teledyne Technologies Incorporated (Teledyne DALSA, Inc.), Thales Group (Trixell), and Varex Imaging Corporation. The other players in the value chain include (profiles not included in the report), Agilent Technologies, Hamamatsu Photonics K.K., Vieworks Co., Ltd., and Rayence Inc
Key Benefits For Stakeholders
- A detailed quantitative analysis of the current X-ray detector market trends and forecast estimations from 2020 to 2027, which assists to identify the prevailing market opportunities.
- An in-depth X-ray detector market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of factors that drive and restrain the growth of the global X-ray detector market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the X-ray detector market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of global X-ray detector market.
