Increasing occurrences of chronic diseases such as arthritis, respiratory diseases, orthopedic and cardiovascular diseases is driving x-ray detector market size.
Sellbyville, DE -- (SBWIRE) -- 01/14/2019 -- U.S. X-Ray Detector Market share will remain considerable due to high adoption rates of digital imaging system. Asia Pacific is expected to register significant CAGR due to elderly population base, increasing awareness among the population and less stringent regulations. Steadily developing economies such as China, India, Brazil, Mexico and Russia may witness the highest CAGR in the forecast period and provide a platform for growth. Upgrades for existing installations are expected to drive the European industry, particularly across the air cargo and border security applications.
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Increasing occurrences of chronic diseases such as arthritis, respiratory diseases, orthopedic and cardiovascular diseases is driving x-ray detector market size. Rising pollution levels and the severity of these chronic illnesses is leading to increase in demand for early diagnosis, which in turn is propelling the growth of diagnostic centers equipped with these systems. Increasing domestic and external accidents in densely populated economies have also fueled x-ray detector market size.
Digitization is projected to result in decreased pricing of products such as FPDs used in the industry. Reducing costs of FPDs are bolstering x-ray detector market share. Moreover, the demand for photographic films has increased due to low sensitivity, increased time utilization and long processing time post-exposure. Demand for replacement of older analog systems will provide steady growth prospects for the industry.
Existing infrastructure of diagnostic radiology centers may provide opportunities for wireless detectors due to portability and power saving features. Growing medical tourism around the globe, especially in Asian countries are projected to enhance growth. India, Malaysia and Thailand may provide high ROI to the investments in the industry.
By product, the industry is segmented into FPD, computed radiography (CR), line scan and charge couple device (CCD). FPD segment accounted for the largest x-ray detector market share owing to decreasing costs, technological advancements and precision in the outputs. FPDs are further segmented based on portability, panel size and system type.
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The industry is further segmented into medical, dental, security, industrial and veterinary segments based on application. Medical application is projected to grow at a significant rate owing to requirements in cardiovascular and mammography procedures, increasing geriatric and orthopedic population. Demand will also be driven by several government agencies, including custom authorities, emergence responders, homeland security department and military.
Key participants in the industry include Varian Medical Systems, Perkinelmer, Canon, Konica Minolta, Thales Group, Agfa-Gevaerf Group, Analogic Corp., Fujifilm Medical Systems, YXLON International and Teledyne Dalsa. Technological advancement within the regulatory norms may provide the base to acquire significant position.
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