Global X-Ray Detector Software Market 2023-2030

Global X-Ray Detector Software Market 2023-2030

Global X-Ray detector Software Market Size, Share & Trends Analysis Report by Product (Flat Panel ,Computed Radiography, Line-Scan, and Charged coupled device), and by Application(Medical, Dental, Security, Veterinary, and Industrial), Forecast Period (2023-2030)

The global x-ray detector software market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2023-2030).The market’s growth is attributed to improved x-ray imaging speed. A maximum of 150 frames per second can be captured using the XRD 3131N. For real-time or virtually real-time inspection, the ability is essential for maintaining the effectiveness and streamlining of production operations. Accordingly, market players are coming up with new products to cater the demand for digital x-ray detector. For instance, in May 2023, Varex Imaging Corp. launched XRD 3131N digital X-ray detector, addressing the growing demand for a more rapidly and effectively thorough examination in the rapidly changing production of Electric Vehicle (EV) batteries, and boosting the company's present portfolio for the EV battery inspection industry. The XRD 3131N's features, that enable imaging at speeds of up to 150 frames per second and picture capture at 100 m, support the growing demand for rapid in-line non-destructive testing.

Segmental Outlook

The global x-ray detector software market is segmented on the product, and application. Based on the product, the market is sub-segmented flat panel, computed radiography, line-scan, and charged coupled device. Furthermore, based on the application, the market is sub-segmented into medical, dental, security, veterinary, and industrial. Among the product, the flat panel sub-segment is anticipated to hold a considerable share of the market owing to the increasing demand for FPDs and the benefits they provide, including superior image quality and the ease of retrofitting into current X-ray tables.

The Veterinary Sub-Segment is Anticipated to Hold a Considerable Share of the Global X-Ray detector Software Market

Among the application, the veterinary sub-segment is expected to hold a considerable share of the global x-ray detector software market. The segmental growth is attributed to the growing improvements in veterinary care. AI-based X-ray analysis services ensure that animals obtain prompt and accurate diagnosis, improving animal healthcare. Better patient outcomes and higher consumer satisfaction can result from cooperation. Accordingly, market players are coming up with new products to cater the demand for AI-based veterinary X-ray image diagnosis. For instance, in September 2022, SK Telecom launched Korea's first AI-based veterinary X-ray image diagnosis assistance service named ‘X Caliber’. A web-based service called X Calibre uses AI to analyze canine X-ray photos that have been uploaded by a veterinarian to the 'X Calibre Vet AI' AI platform, and it sends the analysis results back to the veterinarian in 30 seconds.

Regional Outlook

The global X-Ray detector software market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the increasing geriatric population and the increased market availability of innovative interventional products (including microcatheters).

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global X-Ray detector Software Market

Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the x-ray detector market is being propelled by the increasing healthcare expenditure, medical tourism, adoption of advanced X-ray imaging products, a substantial geriatric population, and government investment in skills development in the region. The growth is mainly owing to a larger elderly population in Japan, increased disposable incomes, a rise in the prevalence of target diseases, and supportive government policies. Additionally, market players are aiming to extend their presence in the Asia-Pacific healthcare imaging industry. For instance, in August 2020, Detection Technology Plc expanded its operational and production capacity by establishing a new production unit in the Greater Shanghai area, China.

Market Players Outlook

The major companies serving the x-ray detector software market include Comet AG, FUJIFILM Corp., HAMAMATSU Group, LG Electronics Inc., PerkinElmer AES, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2023, Mylab Discovery Solutions has a partnership with Qure.ai, a top supplier of artificial intelligence (AI) software for medical imaging, to introduce a chest X-ray that is AI-enabled for TB early detection and to promote universal lung health.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global x-ray detector software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.