According to a new report published by Allied Market Research, titled, โX-Ray Detector Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” The global X-ray detector market size was valued at $5.12 billion in 2019, and is projected to reach $8.87 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027.
X-ray is a form of electromagnetic radiation that has high energy and can pass through most objects, including body. Among many applications of X-rays such as veterinary, medical, dental, industrial and security, it is most widely used in medical imaging to create images of tissues and structures inside the body. For medical imaging, an X-ray beam is passed through the body where a portion of X-rays is either absorbed or scattered by internal structures, and the remaining X-ray pattern is transmitted to a detector.
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Growth of the global X-ray detector market is majorly driven by rise in demand for digital imaging technologies. Moreover, various advantages that digital detectors offer further drive growth of the X-ray detector market. Furthermore, favorable reimbursement policies for X-ray diagnostics also drive growth of the market. However, high cost of digital X-ray systems is anticipated to restrict growth of the market. On the contrary, increase in demand for wireless X-ray detectors and growth in medical tourism in developing countries are expected to offer lucrative opportunities for market expansion during the forecast period.
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COVID-19 has diverted stimulus funds to diagnostic X-ray systems to help facilitate much needed diagnostic imaging facilities, resulting in a higher than expected upliftment in the radiography market. Chest X-ray is often the first imaging exam acquired after a positive reverse-transcription polymerase chain reaction (RT-PCR), if a patient is at the risk for disease progression. In addition, mobile digital radiography (DR) systems are at the forefront in providing an initial screening for pneumonia and secondary and more progressive stage of severe COVID-19 cases. Moreover, for emerging countries, mobile DR systems provide imaging capabilities for diagnosis of COVID-19, owing to their increased affordability compared to CT systems. Hence, surge in demand for digital X-ray radiography is expected to have a positive impact from the COVID-19 pandemic.
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- This report provides a detailed quantitative analysis of the current X-ray detector market trends and forecast estimations from 2020 to 2027, which assists to identify the prevailing market opportunities.
- An in-depth X-ray detector market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of factors that drive and restrain the growth of the global X-ray detector market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the X-ray detector market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of global X-ray detector market.
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Comprehensive competitive analysis and profiles of major market players such as Agfa-Gevaert N.V., Analogic Corporation (Altaris Capital Partners, LLC), Canon, Inc., Carestream Health, Inc., Comet Holding (YXLON International GmbH), Detection Technology Plc., Fujifilm Holdings Corporation (Fujifilm Medical Systems), General Electric, Konica Minolta Holdings Inc., Koninklijke Philips N.V., Siemens AG, Teledyne Technologies Incorporated (Teledyne DALSA, Inc.), Thales Group (Trixell), and Varex Imaging Corporation.
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