X-Ray Detector- Market Insights, Competitive Landscape and Market Forecast-2027

X-Ray Detectors Market By Type (Flat Panel Detector (FPD), Charge Coupled Device (CCD), Line Scan Detectors, Computed Radiography (CR), And Others), By Portability (Fixed Detectors And Portable Detectors), By Application (Dental, Oncology, Orthopedic, Cardiovascular Diseases, And Others), By End-User (Hospitals, Diagnostic Centers, And Others), and by geography is expected to grow at a steady CAGR forecast till 2027 owing to rising incidence of several types of cancers and increasing incidence of cardiovascular diseases

The global X-Ray Detectors market was valued at USD 2.97 billion in 2021, growing at a CAGR of 6.76% during the forecast period from 2022 to 2027 to reach USD 4.38 billion by 2027. The X-ray detectors market is witnessing a positive growth owing to the various factors such as rising incidence of several types of cancers, rising incidence of cardiovascular diseases, increasing number of falls, and increasing prevalence of dental problems. Therefore, the market for X-ray detectors is estimated to grow during the forecast period from 2022 to 2027.

X-Ray Detectors Market Dynamics:

One of the main drivers of the X-ray detectors market is the rising incidence of several types of cancers such as breast cancer. For instance, according to the World Health Organization (WHO) published data in the year 2021, in 2020, across the world, breast cancer was diagnosed in 2.3 million women and it has been diagnosed in 7.8 million women in the previous five years as of the end of 2020. As a result, X-ray detectors are employed to find different tumors, including breast cancer. Thus, rising incidence of breast cancer results in increased demand for X-ray detectors, driving the X-ray detectors overall market forward over the forecast period (2022-2027).

Moreover, the rising incidence of cardiovascular diseases is also a significant factor driving the market for X-ray detectors. For instance, as per the data published by the British Heart Foundation in the year 2021, in 2019, in North America, approximately 4,103,135 cases of cardiovascular disease were detected. Furthermore, according to the source mentioned above, in Asia there were 32,376,834 people diagnosed with cardiovascular disorders in 2019. Thus, owing to an increasing incidence of cardiovascular diseases, there is a surge in the demand for X-Ray Detectors as they are used to detect the cardiovascular diseases, this promotes the overall X-Ray detectors market during the forecast period from 2022-2027.

Therefore, the factors stated above collectively drives the X-ray Detectors market during the forecast period from 2022-2027.

However, exposure to high levels of X-rays can increase the risk of cancer as well as other diseases and high cost of X-ray detectors, can hamper the global X-ray detectors market growth.

Additionally, COVID-19 pandemic outbreak has significantly impacted the X-ray detectors market. This was because of nationwide lockdown in almost every country, restricted patients visit to hospitals as well as clinics, halt in manufacturing units, decline in the non-emergency procedures, and others. Further, elective surgeries were not given priority when compared to COVID-19 patients, they were given more preference in terms of the treatment. For instance, according to the American Hospital Association 2020, in between March and June 2020, there had been an estimated loss of USD 50.7 billion in the United States hospitals as resulted due to reduction in the "elective" procedures. As per the same source, on an average these procedures had accounted to about 31% of the net revenue in the United States. However, with masses being vaccinated worldwide, easing of lockdown restrictions, restart of production units, increase in the elective surgeries as well as non-emergency procedures, and resumption of patient's visits to hospitals, the X-ray detectors market had picked momentum and is expected to further grow during the forecast period.

X-Ray Detectors Market Segment Analysis:

X-Ray Detectors Market by Type (Flat Panel Detector (FPD), Charge Coupled Device (CCD), Line Scan Detectors, Computed Radiography (CR), and Others), Portability (Fixed Detectors and Portable Detectors), Application (Dental, Oncology, Orthopedic, Cardiovascular Diseases, and Others), End-User (Hospitals, Diagnostic Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In by type segment of X-Ray Detectors market, Flat Panel Detector (FPD) are expected to hold a significant revenue share in the year 2021. The key attributes which supported the market included that they have high sensitivity, it has short processing time to generate an image, it helps to keep the image geometry intact better with very minimal distortions to the image geometry, provides better image quality, it has reduced operating cost, its high conversion efficiency leads to high result accuracy, and it has the ability for software processing. Therefore, the benefits associated with FPD, increases the X-ray detectors demand which drives the growth for overall global X-ray detectors market during the forecast period. Also, a surge observed in Flat Panel Detector (FPD) launch will also drive X-ray detectors market growth.

In November 2021, Konica Minolta Healthcare Americas, Inc., is committed to providing exceptional healthcare solutions to our customers by deploying cutting edge softwares, systems, and services that have announced the launch of AeroDR Carbon Flat Panel Detector. The AeroDR Carbon Flat Panel Detector offers the best picture quality, dependability, and longevity among the company's flat panel detectors. The AeroDR Carbon Flat Panel Detector's advanced carbon material has been treated with antibacterial technology and is intended for all general forms of X-ray applications.

Moreover, due to the interplay of all the factors mentioned above, this results in the rising demand for X-ray detectors, which in turn provide a conducive growth environment for overall X-ray detectors during the market forecast 2022-2027.

North America is expected to dominate the overall X-Ray Detectors Market:

Among all the regions, North America is expected to dominate the global X-ray detectors market in the year 2021 and is expected to do the same during the forecast period from 2022-2027. Factors such as increasing number of falls and the rising incidence of several types of cancers are expected to increase the demand for X-ray detectors in the North American market.

According to the data published by WHO in the year 2021, every year, in United States, 20-30% of older people who fall suffer from moderate to severe injuries such as hip fractures, head trauma, and others. Further, X-ray detectors are also used to detect fall related injuries. Thus, an increasing number of falls in the region, boosts the demand of X-ray detectors, this surge the X-ray detectors overall market forecast.

According to the American Cancer Society published data in the year 2022, in United States, it is estimated that there will be 236,740 new cases of lung cancer in 2022. Thus, the rising prevalence of several cancers such as lung cancer will lift up the demand for X-ray detectors as they are used to detect the cancer, which results in boost of X-ray detectors demand, propelling the overall market for X-ray detectors ahead during the forecast period.

Therefore, aforementioned factors, will provide a conducive growth environment for the North American region in X-ray detectors market.

X-Ray Detectors Market Key Players:

Some of the key market players operating in the X-Ray detectors market include Canon Electron Tubes & Devices Co. Ltd, Detection Technology Plc, Teledyne Technologies Inc., X-Scan, Hamamatsu Photonics K.K., Photonic Science and Engineering Limited, KA Imaging, Varex Imaging, Thales, FUJIFILM Corporation, KETEK GmbH, Analogic Corporation, Konica Minolta Inc, Moxtek Inc, iRay Technology, Bruker, Vieworks Co. Ltd, Trixell, DURR NDT GmbH & Co. KG, BPL Medical Technologies, and among others

Recent Developmental Activities in the X-Ray Detectors:

• In December 2020, Canon Medical Systems USA, Inc., a world leader in diagnostic imaging introduced all-new size for its Hi-Def flat panel detector. The 12x16 Hi-Def detector offers more than twice the spatial resolution of traditional flat panel detectors, assisting clinicians in seeing fine details in difficult abdominal and peripheral procedures like GI bleeding embolization, endovascular leak repairs, and stent placements in the peripheral vessels. Clinicians now have access to the perfect size for their particular procedural needs with the addition of the new 12x16 detector to the 12x12 Hi-Def detector.
• In September 2020, Detection Technology, a global leader in X-ray detector solutions, introduced X-Panel 1412 to improve cutting-edge industrial and dental X-ray imaging applications. The X-Panel 1412 is a flat panel detector series for X-rays that uses Complementary Metal Oxide Semiconductor (CMOS) technology. It offers fast scanning speeds, razor-sharp pictures, and a wide energy range. The series is based on a tried-and-true, straightforward, and reliable digital platform that shortens time to market for detector integration into X-ray systems, increases system longevity, and lowers overall costs for X-ray OEMs (Original Equipment Manufacturers) and system integrators.
• In September 2020, KA Imaging, is a company that specializes in developing innovative X-ray imaging technologies and systems, providing solutions to the medical, veterinary, and non-destructive test industrial markets, received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its portable dual-energy X-ray detector. In a single X-ray exposure, the detector reveal the distinction of bone and soft tissue without motion artefacts. In other words, the detector simultaneously produces DR, bone, and tissue pictures in a single shot.

Key Takeaways from the X-Ray Detectors Market Report Study

• Market size analysis for current X-Ray Detectors market (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the X-Ray Detectors market
• Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint venture happened over the last 3 years
• Key companies dominating the global X-Ray Detectors
• Various opportunities are available for the other competitor in the X-Ray Detectors market space.
• What are the top-performing segments in 2021? How these segments will perform in 2027.
• Which are the top-performing regions and countries in the current X-Ray Detectors market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for X-Ray Detectors market growth in the coming future?

Target Audience who can be benefited from this X-Ray Detectors Market Report Study

• X-Ray Detectors providers
• Research organizations and consulting companies
• X-Ray Detectors-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and traders dealing in X-Ray Detectors
• Various end-users who want to know more about the X-Ray Detectors market and latest technological developments in the X-Ray Detectors

Frequently Asked Questions for X-Ray Detectors:

1. What are X-Ray Detectors?

• X-ray detectors are devices that are used to measure the flux, spatial distribution, spectrum, and/or other properties of X-rays. The radiation energy is transformed into forms that can be identified visually or electrically in X-ray detectors.

2. What is the market for Global X-Ray Detectors?

• The global X-Ray Detectors market was valued at USD 2.97 billion in 2021, growing at a CAGR of 6.76% during the forecast period from 2022 to 2027 to reach USD 4.38 billion by 2027.

3. What are the drivers for the Global X-Ray Detectors market?

• The X-Ray Detectors market is witnessing a positive market growth owing to the factors such as, the rising incidence of several types of cancers, rising incidence of cardiovascular diseases, increasing number of falls, and increasing prevalence of dental problems.

4. Who are the key players operating in the X-Ray Detectors market?

• Some of the key market players operating in the X-Ray Detectors market include Canon Electron Tubes & Devices Co. Ltd, Detection Technology Plc, Teledyne Technologies Inc., X-Scan, Hamamatsu Photonics K.K., Photonic Science and Engineering Limited, KA Imaging, Varex Imaging, Thales, FUJIFILM Corporation, KETEK GmbH, Analogic Corporation, Konica Minolta Inc, Moxtek Inc, iRay Technology, Bruker, Vieworks Co. Ltd, Trixell, DURR NDT GmbH & Co. KG, BPL Medical Technologies, and among others.

5. Which region has the highest share in X-Ray Detectors Market?

• North America is expected to dominate the global X-Ray Detectors market. Factors contributing to the growth are the rising incidence of several types of cancers and increasing number of falls that are contributing to the growth of X-Ray Detectors market in the North America region.