According to FutureWise analysis the market for X-Ray Detector in 2023 is US$ 6.62 billion, and is expected to reach US$ 11.05 billion by 2031 at a CAGR of 6.60%.
Rapid digitisation and the growing application of x-ray detectors in the medical world are factors considered to accelerate the market during the forecast period. A growing number of cases due to a subsequent rise in the geriatric population, increasing public and private investments as well as rising federal support to expand these technologies along with economical prices that can be afforded by patients worldwide to ensure the diagnosis and treatment of standard quality is booming the market. The reimbursement scenario is highly favourable and increases the patient pool subsequently and substantially. The introduction of wireless X-ray detectors, rising medical tourism in developing countries and the emerging markets are expected to provide a wide range of growth opportunities for players in the market.
Based on type, the X-ray detectors market is segmented into flat-panel detectors, computed radiography detectors, charge-coupled device detectors, and line-scan detectors. The flat-panel detectors segment is predicted to garner the maximum market share of the X-ray detectors market. They are primarily preferred due to their technical efficiency and added advantages over their counterparts. Improved picture quality, economical costs and usability help accelerate this segment’s growth over the projected time frame.By application, the market is segmented into medical applications, security applications, veterinary applications, dental applications and industrial applications. The medical application is further bifurcated into static imaging and dynamic imaging. The medical application segment held the highest market share due to excessive demand and a huge consumer base. The dental and veterinary segment is predicted to grow at a healthy CAGR over the forecast period due to increasing incidences of dental disorders and in-vitro testing market respectively.
North America was the dominant region, owing to the increasing demand for minimally invasive procedures and technological advancement. This region is expected to continue its lead by 2022. Asia Pacific segment is expected to register the highest CAGR over the forecast period due to increasing expenditure in the healthcare sector and growing research-based activities.