Image: The global X-ray detectors market is expected to grow to USD 3.31 billion by 2022, driven mainly by increasing public and private investments in digital imaging technologies, declining prices and benefits offered by digital detectors, and reimbursement cuts for analog X-rays (Photo courtesy of Canon Medical Systems).
The global X-ray detectors market is expected to grow at a CAGR of 5.6% from USD 2.53 billion in 2017 to USD 3.31 billion by 2022, driven mainly by increasing public and private investments in digital imaging technologies, declining prices and benefits offered by digital detectors, and reimbursement cuts for analog X-rays. However, the high cost of digital X-ray systems may limit the market growth to some extent. Nevertheless, the introduction of wireless X-ray detectors, growing medical tourism in the developing countries and numerous growth avenues in the emerging markets will provide opportunities for the global X-ray detectors market.
These are the latest findings of Research and Markets, (Dublin, Ireland), a global market research company.
Based on type, the flat-panel detectors (FPDs) segment is expected to hold the largest market share in 2017 and is also projected to record the highest CAGR during the forecast period. The advantages of FPD-based portable digital systems such as high-quality images, faster scanning, higher patient throughput, and multiple storage options, along with their declining prices are driving the growth of this market segment. Based on portability, the portable detectors segment is expected to account for the largest share of the FPDs market in 2017 due to their advantages over fixed detectors.
Based on application, the medical application segment is expected to record the highest growth during the forecast period, primarily due to technological advancements, growing geriatric population, and increasing number of orthopedic and cardiovascular procedures.
Geographically, North America is expected to dominate the global X-ray detectors market in 2017 with the largest share, followed by Europe. However, the X-ray detectors market in Asia is expected to record the highest CAGR during the forecast period, driven by the growing adoption of digital imaging systems, rising disposable income, growing number of awareness programs and symposia, and increasing venture capital investment.
Research and Markets