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X-ray Detectors Market Size to Gain Traction of US$ 4.6 Billion, Growth Opportunities by 2031

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X-ray Detectors Market Size to Gain Traction of US$ 4.6 Billion, Growth Opportunities by 2031

October 08
16:56 2021
X-ray Detectors Market Size to Gain Traction of US$ 4.6 Billion, Growth Opportunities by 2031
TMR
X-ray Detectors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

X-ray Detectors Market: Introduction

According to the report, the global X-ray detectors market was valued at US$ 2.5 Bn in 2020 and is projected to expand at a moderate CAGR from 2021 to 2031. X-ray detector is a primary component of an X-ray system. X-ray detectors are made of silicon, cadmium tungstate, germanium, and other materials. X-ray detectors are made of single and compounded crystal and comprise silicon photodiode, silicon APDs, CCD area image sensors, flat panel sensors, CMOS area image sensors, and other components. X-ray detectors are used in dental imaging, veterinary imaging, and non-destructive inspection of luggage, foods, and other industrial products.

X-ray based imaging techniques are used in various applications, including medical, industrial, security, veterinary, and dental. The X-ray imaging technology is used for metrology, materials science research, non-destructive, cultural heritage investigations, geophysics, and homeland security. In the medical industry, X-ray technologies are used in radiographic chest scans, radiography, mammography, and other advanced imaging techniques.

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Technological Advancements in X-ray Detectors to Propel Global Market

Technological advancements are likely to create a paradigm shift in the global X-ray detectors market through the introduction of innovative X-ray detectors for medical, security, industrial, veterinary, dental, and other applications. Various companies have launched innovative products and expand product offerings. This is projected to drive the global X-ray detectors market during the forecast period.

Software update and new resin profiles are recent advancements in X-ray detector product offerings. In March 2021, Carestream Health launched its first cesium glass-free medical detector in the market. The CARESTREAM Lux 35 Detector is a lightweight, glass-free wireless detector ergonomically designed with the comfort of patients and radiographers in mind. The cesium detector offers high resolution, better detail, and reduced exposure dose compared to gadolinium detectors.

In January 2021, Varex Imaging Corporation announced addition of LUMEN 4336W digital radiography detector to its product portfolio. This new product is an addition to LUMEN 4343W, part of new generation of detector, which increases the durability and convenience for the customers.

X-ray Detectors Market: Prominent Regions

North America dominated the global X-ray detectors market in 2020, followed by Europe and Asia Pacific. Rise in patient burden, availability of innovative products, technological advancements, and presence of key players providing X-ray detectors and other imaging technologies are anticipated to propel the market during the forecast period. According to the reaDentist.org, the U.S. had over 200,000 practicing dentists as of 2018. Hence, increase in the number of dentists and patients visiting dental clinics and labs is anticipated to drive the market in North America during the forecast period.

The X-ray detectors market in Asia Pacific is expected to expand at a higher CAGR from 2021 to 2031. Growing medical tourism, increasing incidences of breast cancer, and rising awareness about early and non-invasive diagnosis of breast cancer in Asia are leading to a rise in the number of women in the region aged 40 years or above undergoing mammography scans. This fuels the demand for advanced X-ray flat panel detectors in Asia Pacific.

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Product Launch, Innovation, Collaborations by Key Players to Drive Global Market

The global X-ray detectors market is consolidated in terms of prominent players. The market is dominated by large and mid-size companies that focus on implementing strategies such as geographic expansion, launch of innovative products, merger & acquisitions, product expansions, and strategies to expand in developing countries. Key players in the global X-ray detectors market includes Agfa-Gevaert Group, Varian Medical Systems, Konica Minolta, Inc., Analogic Corporation, Thales Group, FUJIFILM Holdings Corporation, Hamamatsu Photonics K.K, Mirion Technologies, Inc., Varex Imaging Corporation, Canon Medical Systems Corporation, Teledyne Technologies, Inc., and OR Technology – Oehm und Rehbein GmbH.

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