X-Ray Detectors Market size See Incredible Growth during 2030

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The global X-ray detectors market size is expected to grow from USD 3,139.4 million in 2020

X-Ray Detectors Market size See Incredible Growth during 2030

Description

The global X-ray detectors market size is expected to grow from USD 3,139.4 million in 2020 to USD 4,555.0 million by 2027, at a CAGR of 6.4% from 2021 to 2027. In X-ray detectors, the energy transported by radiation is converted into forms that can be recognized electronically or visually. X-rays detectors have a wide range of applications in medical, veterinary, dental, security, and industrial. Digitization led clinics to convert their analog X-ray systems to digital systems. Growths in amorphous selenium detectors, which are helpful in mammography, have made the growth in this market more significant.

Further, the advancements in analytical procedures, such as combinations of instruments in a smaller space and indirect excitation of X-ray spectra bulk samples, are expected to boost the market over the foreseen period. With technological developments, X-ray detection in the market has evolved to become more effective, convenient, and safe. The rising aged population and increasing government investments in medical devices will likely boost the market over the forecast period. Medicines make up the dominant market for X-ray equipment. Most hospitals are equipped with an X-ray detector outfit and X-ray departments, where these devices have become part of routine healthcare diagnosis and integrated into accountancy.

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Due to their broad scope of applications, these X-ray detectors have become more reliable, accurate, and economical. Specifically, flat-panel X-ray detectors (FPD) have witnessed high demand in the last decade, which was fueled by improvements in large-area amorphous silicon (α-Si) thin-film transistors (TFT) arrays and by inventions in deposition techniques for photoconductors and scintillators. Growing demand for mobile equipment in the market, especially from end-user, such as power generation, oil and gas, etc., to inspect the equipment installed in remote locations that are not accessible through traditional X-ray inspection solutions, is driving several innovations in the market. Moreover, inspection service providers in the market, which primarily benefit from mobile equipment, are encouraging mobile X-ray equipment mass production. Owing to such demand, manufacturers are diversifying their product portfolios to suit the requirements of industrial users.

COVID-19 Impact on the Global X-Ray Detectors

Amid the ongoing outbreak of COVID-19, the governments and private medical equipment manufacturers are taking initiatives to fight the virus. In March 2020, when all its business segments were witnessing a steep decline in revenue, the healthcare application was expected to increase, as the GE Healthcare division announced its plan to expand its manufacturing capacity for medical equipment, including ultrasound devices, CTs, mobile X-ray systems, patient monitors, and oxygen ventilators, to cater to the ongoing global challenge of COVID-19 treatments.

In March 2020, an engineering and technology solution provider, Cyient, announced to have received a clearance from the Indian government to continue running its MedTech manufacturing facility in Mysore, India, to support medical equipment's essential production COVID-19 treatment. The company produces assemblies used in X-ray systems, including X-ray detectors by GE Healthcare and diagnosis units from Molbio Diagnostics, to enable rapid COVID -19 testing in the country. The complete lockdown of the public transportation system and limited traffic movement has also created service providers' opportunities in these segments. They have got a window of opportunity to inspect their infrastructure. For instance, the Indian Railways, west zone (Mumbai suburban) needed to check each railway track, overhead cable, equipment, the control system, etc. Some were not changed during the past few decades.

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Global X-Ray Detectors Market Dynamics

Drivers: Growth of Public and Private Investments in Digital Imaging Technologies

In the current market scenario, businesses and government agencies are increasingly adopting digital imaging to enhance productivity and provide greater access to certain information types. Digital imaging offers many advantages, including improved distribution and publication, increased access, streamlined workflows, and reduced need for physical storage space. Digital images can also be used to create text-searchable files through optical character recognition (OCR) software. These benefits further drive the investments in digital imaging technologies, boosting the studied market.

In addition to the potential ROI, having high-resolution imagery available in lesser periods can streamline diagnostic procedures while assisting with co-diagnosis and patient education. Healthcare end-users invest in medical imaging to achieve substantial survival gains, with traditional modalities estimated to provide the largest increases in low-income settings.

Restraints: High Cost of Digital X-ray Systems Due to Digital Radiography (DR) Unit

Compared to classic film-based X-ray inspection techniques, the digital variants have cut down a lot of additional operations and infrastructure costs to the end-users. However, compared to closer substitutes, such as the ultrasonic and current techniques, X-ray inspections are far too costly and not applicable for all applications. Due to these additional fixtures, in case of a component failure, depending on how elaborate the system is, the repair cost could range from roughly USD 50,000 to over USD 200,000. This is extremely high when compared to several substitute products.

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Due to these additional fixtures, in case of a component failure, depending on how elaborate the system is, the repair cost could range from roughly USD 50,000 to over USD 200,000. This is extremely high when compared to several substitute products. Also, RTR has several field applications in the oil and gas industry, such as pipeline inspections and remote oil refinery inspections. These operating environments are very harsh, and the fragility of the FPDs used in the equipment raises a major concern to the service providers and operators.

Scope of the Report

The study categorizes the X-ray detectors market based on type, probability, and application at the regional and global levels.

By Type Outlook (Sales, USD Million, 2017-2027)

  • Flat Panel Detectors
  • Computed Radiography (CR) Detectors
  • Charge-Coupled Device Detectors
  • Other Types

By Probability Outlook (Sales, USD Million, 2017-2027)

  • Fixed Detectors
  • Portable Detectors

By Application Outlook (Sales, USD Million, 2017-2027)

  • Medical
  • Dental
  • Security
  • Industrial
  • Other Applications

By Region Outlook (Sales, USD Million, 2017-2027)

  • North America (US, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

The flat-panel detectors segment is projected to account for the largest market share, by type

Based on type, the global X-ray detectors market is divided into flat-panel detectors, computed radiography (cr) detectors, charge-coupled device detectors, and other types. In 2020, the flat-panel detectors segment accounted for the largest market share of 76.7% in the global X-ray detectors market. Direct flat panel detectors transform X-ray energy resolution directly into electrical charges within a semiconductor and thus is a one-step process. It has a higher modulation transfer function (MTF), resulting in a high spatial resolution and highly contrasted images. In direct detectors conversion, x-ray photons are absorbed by the coating material and immediately converted into an electrical signal. The flat-panel detector has a radiation conversion material known as a photoconductor, generally made of amorphous selenium (a-Se) about 500 μm thick for radiography and 200 to 250 μm thick for mammography. The photoconductor absorbs x-rays and converts them to electrons, then stored in the thin-film transistor (TFT) detectors. The thin-film transistor is a photosensitive array of small (about 100 to 200 μm) pixels, also called a detector element in these TFT arrays. Every pixel contains a photodiode that absorbs the electrons and generates electrical charges. A field-effect transistor or silicon isolates each pixel element and reacts like a switch to send the electrical charges to the image processor.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global X-ray detectors market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 7.1% in the global X-ray detectors market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and the Rest of Asia-Pacific. China is the largest market for X-ray detectors in the region, with a vastly underserved population in medical care and is a rapidly growing economy. China became a major investment destination for the X-ray detector market.

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Moreover, India is one of the fastest-growing economies in the world. The Indian healthcare sector has witnessed tremendous growth, with several healthcare units and diagnostic centers. India has emerged as a major destination for medical tourism. Since X-ray detectors are an indispensable part of most devices in medical centers, the market is anticipated to grow rapidly during the forecast period. The current market in India is in its transformational phase, where advanced technologies are replacing a majority of the existing technologies. The growing customer base of these medical centers is expected to boost the market in the near future. Even though several domestic companies are operating in the market, major suppliers of X-ray tubes in India are primarily multinational companies.

Key Market Players

The X-ray detectors market is highly competitive, with several big and small players. Prominent players in this market include Varex Imaging Corporation, Thales Group, Canon, Agfa-Gevaert Group, FUJIFILM Corporation, Hamamatsu Photonics K.K., Analogic Corporation, Carestream Health, Detection Technology Plc., Konica Minolta, Inc., MOXTEK, Inc., Teledyne Digital Imaging Inc., JPI Healthcare. Co. Ltd., iRay Technology, and Vieworks Co., Ltd. Every company follows its business strategy to attain the maximum market share.

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