Pune, India -- (SBWIRE) -- 06/18/2018 -- Global X-ray detector market is expected to reach USD 3,586.2 million by 2024 from USD 2,250.0 million in 2016, at a CAGR of 6.0% in the forecast period 2017 to 2024.The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Segmentation:

By Product Type (Flat Panel, Computed Radiography, Line Scan, CCD), Portability (Fixed, Mobile), Application (Medical, Dental, Security, Veterinary, Industrial), End User, Geography (North America, Europe, APAC, South America, MEA)

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Drivers:

Some of the major factors driving the growth of market for X-ray detector market, such as growing geriatric population and chronic diseases, growing government initiatives, declining prices and benefits offered by digital detectors, and reimbursement cuts for analog X-rays will increase the demand for digital systems.

GROWING GERIATRIC POPULATION AND CHRONIC DISEASES

With this increasing age and rising prevalence of chronic diseases the demand for early diagnosis of the diseases is also increasing. Also, with the growing population the pressure on the healthcare system is also increasing with which the demand of care, services and technologies is rising to prevent and treat chronic diseases at the old age. Therefore, the demand for advance medical devices such as digital X-ray detector is rising for the diagnosis and treatment in the healthcare system worldwide.

GROWING GOVERNMENT INITIATIVES

Healthcare systems in various countries across the world are under pressure owing to the increasing patient pool and rising healthcare costs. In such situation, the effective use of advanced equipments like digital X-ray systems can be valuable for healthcare providers as these systems can screen a larger volume of patients at a lower cost with accurately diagnosis of various diseases. With increasing pressure for the early diagnosis of disease government organizations from various regions and countries are putting making significant investments for increasing the adoption of digital X-ray equipments in various healthcare systems

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DECLINING PRICES AND BENEFITS OFFERED BY DIGITAL DETECTORS

Digital X-ray detectors offer various advantages over the conventional X-ray systems. They provides numerous advantages including the high-quality image acquisition in a shorter time period, reduced radiation exposure (by 90%), and easy image interpretation. It also saves times as conventional X-ray takes around 15 minutes per examination whereas the digital X-ray system needs approximately 2 minutes per screening. As a result, large volume of patients can be screened in a short period of time. Along with this, digital X-ray systems eliminate the need for X-ray films and chemicals which are required in analog X-rays and reduce the overall cost of procedure as well.

REIMBURSEMENT CUTS FOR ANALOG X-RAYS WILL INCREASE THE DEMAND FOR DIGITAL SYSTEMS

Reimbursement for diagnostic imaging services is crucial for the expansion of digital X-ray market. There are various agencies which provide reimbursement to healthcare centers. Government initiatives encouraged the reimbursement cuts by manufacturers which anticipated to positively impacting the X-ray detector market.

Major Players:

Some of the major players operating in this market Agfa Healthcare, Amptek, Inc., Analogic Corporation, Canon Inc., Detection Technology Oyj, Fujifilm Medical Systems, Hamamatsu Photonics K.K., Konica Minolta, Inc., Moxtek, Inc., Perkinelmer, Inc., Rigaku Corporation, Teledyne DALSA Inc., Thales Group, Thermo Fisher Scientific Inc., Toshiba Corporation, Varian Medical Systems and, Yxlon International GmbH, among other local players.

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