X-Ray Detectors Market Share & Size | Report Analysis 2028

[Research Report] The X-ray detectors market size is projected to reach around US$ 4,256.75 million by 2028; it is expected to grow at a CAGR of 5.8% from 2022 to 2028.

X-ray detectors are devices used to measure the flux, spatial distribution, spectrum, and/or other properties of X-rays. In healthcare, X-ray detectors are commonly used in medical applications for various diagnostic purposes. The design of X-ray detector differs in size, shape, spatial resolution, frame rates, and X-ray flux, among others to meet application requirements.

The X-ray detectors market is segmented on the basis of type, application, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. This report offers insights and in-depth analysis of the market, emphasizing parameters, such as market trends and market dynamics along with the competitive analysis of the globally leading market players.

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X-Ray Detectors Market: Strategic Insights

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Market Insights

Major factors driving the market growth include increasing incidence and prevalence of chronic disorders, as well as product launches and approvals.

Chronic disorders such as cardiovascular, respiratory, and orthopedic, as well as various types of cancer, are leading to disabilities and mortalities worldwide. These clinical conditions affect the overall quality of life. According to the World Health Organization (WHO), over 50% of the global population is estimated to suffer from at least one chronic disease. The Centers for Disease Control and Prevention (CDC) stated that 6 out of 10 people in the US suffered from at least one chronic disease in 2019. Cardiovascular diseases (CVDs) owing to hectic lifestyle are a significant cause of mortality globally. Orthopedic disorders are among the major causes of disability-adjusted life years (DALYs) observed across the large geriatric population on a global level. According to the article published by SingleCare, over 350 million people globally were living with arthritis in 2021. Countries such as the US, Japan, South Korea, Canada, the UK, Spain, and France are witnessing substantial growth in the geriatric population. These economies, along with China, India, Saudi Arabia, the UAE, and Brazil, offer significant growth opportunities to introduce innovative devices in the global X-ray detectors market.  

A few examples of developments that have promoted the growth of the X-ray detectors market are listed below:

• In October 2022, Rigaku Corporation, a leading manufacturer of X-ray analysis and inspection equipment, launched their new XSPA-400 ER (X-ray Seamless Pixel Array) detector to the global market following a successful domestic launch at JASIS (Japan Analytical and Scientific Instruments Show) in September 2022. The XSPA-400 ER is a seamless pixel multi-dimensional detector for X-ray diffractometers with high energy resolution suited to battery, steel, and ceramic analysis.
• In August 2021, Rigaku Corporation, acquired all issued shares of MILabs B.V.  on August 2, 2021, as part of their full-scale effort to enter the life sciences business. Through this acquisition, Rigaku will expand its life sciences modality business globally by combining MILabs’ multi-modality businesses, including positron emission tomography (PET), single photon emission computed tomography (SPECT), optical imaging, and computed tomography (CT) equipment for animals, with Rigaku's original X-ray imaging business for animals.
• In September 2021, Canon acquired Redlen. This acquisition will help Canon obtain advanced radiation detection and imaging technology used in CZT semiconductor detector modules, which play an important role in the development of Photon Counting CT (PCCT). This will enable Canon Medical Systems Corporation, also a subsidiary of Canon, to accelerate the development of competitive PCCT systems to strengthen the medical systems business.

Product Insights

Based on type, the X-ray detectors market is segmented into computed radiography (CR) detectors, flat-panel detectors, line-scan detectors, and charge couple device (CCD) detectors. The flat-panel detectors segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR during the forecast period. X-ray systems many a times use indirect flat-panel detectors for the conversion of X-ray energy to light energy, which is used to generate X-ray inspection images. Flat-panel detectors are also used in digital radiography to convert X-rays to charge (direct conversion), which is then interpreted using a thin film transistor array.

X-Ray Detectors Market Regional Insights

The regional trends and factors influencing the X-Ray Detectors Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses X-Ray Detectors Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

X-Ray Detectors Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The X-Ray Detectors Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the X-Ray Detectors Market are:

1. PerkinElmer Inc
2. Varian Medical Systems Inc
3. FUJIFILM Holdings Corp
4. Teledyne Technologies Inc
5. Analogic Corp

Disclaimer: The companies listed above are not ranked in any particular order.

X-Ray Detectors – Market Segmentation

The X-ray detectors market is segmented on the basis of type, application, end user, and geography. Based on type, the market is segmented into computed radiography (CR) detectors, flat-panel detectors, line-scan detectors, and charge couple device (CCD) detectors. Based on application, the X-ray detectors market is divided into medical, dental, veterinary, and other applications. In terms of end user, the X-ray detectors market is segmented into hospitals, diagnostic laboratories, clinics, and other end users. By geography, the X-ray detectors market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).  

Company Profiles

• PerkinElmer Inc
• Varian Medical Systems Inc
• FUJIFILM Holdings Corp
• Teledyne Technologies Inc
• Analogic Corp
• Konica Minolta Inc
• Canon Inc
• Varex Imaging Corp
• Rigaku Corp
• Moxtek Inc