X-Ray Detectors Market Analysis and Forecast to 2032: By Type (Flat-Panel Detectors (FPDs), Computed Radiography Detectors, Line-Scan Detectors, Charge-Coupled Device Detectors), Application (Medical Applications, Dental Applications, Security Application

X-Ray Detectors Market Analysis and Forecast to 2032: By Type (Flat-Panel Detectors (FPDs), Computed Radiography Detectors, Line-Scan Detectors, Charge-Coupled Device Detectors), Application (Medical Applications, Dental Applications, Security Applications, Veterinary Applications, Industrial Applications), End-use (Hospitals, Ambulatory Surgery Centers, Clinics, Imaging Centers) and Region

The global X-ray detectors market was valued at USD 2.9 billion in 2021 and it is anticipated to grow up to USD 6.1 billion by 2031, at a CAGR of 7.7% during the forecast period.

X-ray is a type of high-energy electromagnetic radiation that can pass through most objects, including the human body. Among the many applications of X-rays, including veterinary, medical, dental, industrial, and security, medical imaging is the most widely used to create images of tissues and structures inside the body. An X-ray beam is passed through the body for medical imaging, where a portion of the X-rays are either absorbed or scattered by internal structures, and the remaining X-ray pattern is transmitted to a detector. X-ray detectors are devices that measure X-ray flux, spatial distribution, spectrum, and other properties. X-ray radiography, computed tomography (CT), mammography, and angiography are the most common methods of X-rays in medical imaging. X-ray radiography can be used to detect or diagnose bone fractures; infections such as pneumonia; and calcifications including kidney stones. Moreover, technological advancements in radiography have brought wide-scale adoption of digital radiography in all relevant industries.

Global X-ray Detectors Market Scope and Report Structure

Market Trends and Drivers

An X-ray is a form of electromagnetic radiation that has high energy and can pass through most objects, including the body. Among many applications of X-rays such as veterinary, medical, dental, industrial, and security, it is most widely used in medical imaging to create images of tissues and structures inside the body. Factors such as increasing demand for digital imaging technologies coupled with the wide application of X-ray detectors in medical imaging further propel the growth of the X-ray detectors market. Additionally, favorable reimbursement policies for X-ray diagnostics along with growth in medical tourism in emerging economies are anticipated to fuel the market expansion.

Market Restraints and Challenges

High levels of X-ray exposure may increase the risk of cardiovascular and cancer disease, cause cloudiness of the eye's lens, and exacerbate hereditary issues. For instance airport X-ray scanners have been prohibited in several European countries. This challenge has a significant impact, and an alternative solution to maintain airport security must be developed. Similarly, high cost of digital X-ray systems in developing countries coupled with less awareness regarding advanced X-ray systems for disease diagnosis is expected to restrict business expansion.

Global X-ray Detectors Market Segmental Overview

The report analyses the Global X-ray detectors market based on type, application, end use, and region.

Global X-ray Detectors Market by Type

Based on type, it is segmented into the flat-panel detectors (FPDs), computed radiography detectors, line-scan detectors, and charge-coupled device detectors. The flat-panel detectors segment is likely to account for the significant market share during the forecast period. The key factors attributing the growth of the market is higher adoption rate of these detectors coupled with the cost effectives FPDS. Moreover, FPDS provide numerous benefits, such as the ability to retrofit into existing X-ray tables, excellent image quality, lack of geometric distortion and chemical processing, uniform response across the field of view, and sensitivity to temperature variations with better patient access. Hence, the aforementioned factors will fuel segmental growth over the forecast period.

Global X-Ray Detectors Market by Application

Based on application, it is segmented into medical, dental, security, veterinary, and industrial. The medical segment is likely to dominate the market during the forecast period. The largest share of the segment is attributed to the increasing geriatric population and the rising incidence of colorectal cancer in younger adults, which leads to growing awareness of the target population of medical imaging. Additionally, availability of advanced medical imaging technology such as computed tomography (CT), X-ray radiography, angiography, and mammography is expected to lead to the growth of the market.

Global X-ray Detectors Market by End-use

Based on end-use, it is segmented into hospitals, ambulatory surgery centers, clinics, imaging centers and others. The hospital segment is likely to dominate the X-ray detectors market during the forecast period. The growing adoption of x-ray detectors in hospitals coupled with increasing government and private funding in the healthcare sector, increasing number of hospitals as well as the greater availability of skilled healthcare professionals and technologically advanced facilities are boosting the growth of the market.

Geographical Analysis of Global X-ray Detectors Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is accounted for the majority of market share during the forecast period. The largest share of the region is primarily attributed to the favorable reimbursement policies for imaging procedures in the US, increased prevalence of cancer, high investment by hospitals to purchase advanced X-ray detectors, strong focus on research activities to improve imaging techniques as well as the presence of major market players.

Major Players in the Global X-ray Detectors Market

The key players in the market are Varex Imaging Corporation (US), Thales Group (France), Canon (Japan), Agfa-Gevaert Group (Belgium), FUJIFILM Corporation (Japan), Hamamatsu Photonics K.K. (Japan), Analogic Corporation (US), Carestream Health (US), Detection Technology Plc. (Finland), Konica Minolta, Inc. (Japan), MOXTEK, Inc. (US), Teledyne Digital Imaging Inc. (Canada), JPI Healthcare. Co. Ltd. (South Korea), iRay Technology (China), and Vieworks Co., Ltd. (South Korea).

COVID-19 Impact

A worldwide emergency has been caused by the COVID-19 pandemic. The risk of COVID-19 infection is higher for surgeons and patients who visit hospitals for various procedures. All elective procedures in Germany were either cancelled or postponed because hospitals there are overflowing with COVID-19 cases. Hence, many clinics, outpatient imaging centers and hospitals, reduced their capital purchases of imaging equipment from OEMs that led to decrease in demand for X-ray imaging components. However, In June 2020, the WHO released a practice guide for utilizing computed tomography (CT) and chest radiography as one element of the diagnostic for patient monitoring. This increased the installation of X-ray systems and related components, including X-ray detectors. Such factors contributing toward the market growth.

Recent Developments

• August 2021, Fujifilm launched an AI-powered chest X-ray product in Japan in collaboration with Lunit,
• February 2021, Fujifilm introduced new digital radiography system such as VXR Veterinary X-Ray room designed to streamline veterinarian’s workflow.
• November 2021, Canon Medical launched all-new size for its Hi-Def flat panel detector. The 12”×16” Hi-Def detector provides more than twice the spatial resolution1 of conventional flat panel detectors, helping clinicians see fine details in complex interventional procedures.
• March 2021, Canon Inc. has developed the new Built-in AEC1 assistance technology for digital radiography (DR)2, a X-ray sensor technologies helps to improve clinical workflows.

Frequently Asked Questions

Q1. How big is the X-ray Detectors market?

Ans. The global X-ray Detectors market size was USD 2.9 Billion in 2021 and is anticipated to reach USD 6.1 Billion in 2031, growing at a rate of 7.7% from 2022 to 2031.

Q2. What is the X-ray Detectors market growth rate?

Ans. The growth rate of the X-ray Detectors market is 7.7%.

Q3. Which region holds a major market share for the X-ray Detectors market?

Ans. North America holds a major market share of the X-ray Detectors market in 2021.

Q4. Which segment accounted for the largest X-ray Detectors market share?

Ans. By end user, the hospitals segment accounted for the largest X-ray Detectors market share.

Q5. Who are the key players in the X-ray Detectors market?

Ans. The global X-ray Detectors market report includes players such as Varex Imaging Corporation (US), Thales Group (France), Canon (Japan), Agfa-Gevaert Group (Belgium), FUJIFILM Corporation (Japan), Hamamatsu Photonics K.K. (Japan), Analogic Corporation (US), Carestream Health (US), Detection Technology Plc. (Finland), Konica Minolta, Inc. (Japan), MOXTEK, Inc. (US), Teledyne Digital Imaging Inc. (Canada), JPI Healthcare. Co. Ltd. (South Korea), iRay Technology (China), and Vieworks Co., Ltd. (South Korea) among others.

Q6. What are the factors driving the X-ray Detectors market growth?

Ans. The major factors driving the growth of the market are the increasing incidence of cancer across the globe.

Q7. What are the key growth strategies of X-ray Detectors market players?

Ans. The key growth strategies of X-ray Detectors market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the X-ray Detectors market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the X-ray Detectors market during the forecast period.

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