Global Healthcare X-Ray Detectors Market Forecast upto 2024
- April, 2018
- Domain: Healthcare - Medical Devices
- Get Free 10% Customization in this Report
Imaging systems have extensive applications in many fields, especially in the medical field, i.e., X-ray medical diagnostics (computed tomography or digital radiography). The design and features of current imaging systems give an optimal use of information contained in X-ray quanta, which are passed through patients. X-ray detectors have a high number of photons that are capable of detecting individually. These X-ray detectors measure each photon and then (over a time) accumulate enough measurements to obtain high image quality of the source. Digital X-ray detectors are mainly adopted for the state-of-the-art imaging as most of the vendors or manufacturers have come up with technologies that are effective in terms of cost, time, and process.
The market has tremendous opportunities to grow in both developed and developing countries. The detector-based digital radiography is one of the latest developments in the diagnostic and imaging field (X-ray technology) that uses a different type of sources (flat panel detectors and charge couple devices) as image receptors and X-ray source for emitting high-quality radiographic images. The healthcare detector is compact, lightweight, and portable. The technological advancements in detectors have given a hallmark for most of the digital radiography systems with high dose efficiency, ease of handling equipment (ergonomics), and high image quality. This is considered as a complete digital solution for radiography as it can eliminate the need for replacing the image receptors entirely unlike the film-based or phosphor-based radiography.
Most of the leading medical imaging companies focus on developing high-quality imaging data for delivering real-time images that provide an assessment of various tissue pathophysiology based on different spectral characteristics of the tissue. The sales of X-ray detectors are expected to increase through advancements and technological adoption of multi-modality imaging systems in hospitals.
Varex Imaging Corp., Hamamatsu Photonics, Fujifilm Holdings Corp., Teledyne Technologies, and Vieworks dominate with the maximum revenue generation in the global healthcare X-ray detectors market.
Market Analysis - The Global Healthcare X-ray Detectors Market is estimated to witness a CAGR of 6.14% during the forecast period 2018–2024. The market is analyzed based on five segments, namely product types, portability, size, end-users, and regions.
Regional Analysis - The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). In North America, the US and Canada are set to be the leading countries owing to the highest number of diagnostic cases in 2017. This region dominates the overall presence of medical imaging (healthcare X-ray detectors usage) and has the most diversified X-ray detectors available. It has the highest percentage of the elderly population with many individuals suffering from chronic diseases such as CVD, diabetes, obesity, high blood pressure, and other urology-related factors. This has attracted most of the customers to sustain and grow over the period and maintain their product presence in the market.
Europe is set to be the second leading region and held more than 28% of the market share in 2017. The market in Europe is largely driven by advancements in medical imaging technologies. An increase in the prevalence of diseases, continuous adaption of advanced technologies, and increase in aging population are driving the market. The countries such as Germany, France, UK, and Italy are the major contributors in the region. The APAC region accounted for a share of 19.15% in 2017.
Competitive Analysis - The global healthcare X-ray detectors market has immense growth opportunities in both developed and developing regions. The market in the developed countries is witnessing increased adoption of X-ray detectors for high-quality imaging, screening, and diagnosing due to improved access and encouragement from the government & other healthcare institutions, especially in the US, Canada, France, Germany, and the UK.
The advancements in technology and product upgradation will increase the competition among vendors. The market is highly dynamic with the presence of few big players accounting for more than 65% of the share. Tier II companies such as Agfa-Gevaert, Carestream Health, Internazionale Medico Scientifica, Planmed, and Toshiba Corp. recorded prominent shares in the global healthcare X-ray detectors market. The benefits such as safety, high-quality images, easy monitoring and analysis of 3D images, high-resolution images to detect breast cancers, and combination with multi-imaging systems have increased the demand for X-ray detectors in the market.
Key Competitive Facts
- The market is highly competitive with all the players competing to gain market Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
- The requirement of high initial investment, implementation, and maintenance cost in the market are limiting the entry of new players.
Benefits - The report provides complete details about the usage and adoption rate of healthcare X-ray detectors market. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.
1.1 Medical Devices Industry
1.3 Definition: X-ray Detectors
1.4 Why X-ray Detectors?
1.5 Evolution of X-ray Technology
1.6 Healthcare Spending in the US
1.7 Regulatory Bodies & Standards
1.8 Emerging Global Markets
1.9 Patient Demographics
1.10 PESTLE Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
3.3.1 Ultrasound Devices
3.3.2 Medical X-ray Equipment
3.3.3 MRI Equipment
3.3.4 Mammography Devices
3.4 Government Spending and Initiatives
3.5 Porter 5 (Five) Forces
4 Market Characteristics
4.1 Market Segmentation
4.2 Flat Panel Detectors
4.2.1 Indirect Flat Panel Detectors
4.2.2 Direct Flat Panel Detectors
4.3 Computed Radiography (CR) Detectors
4.4 Digital Radiography Detectors
4.5 Charge-coupled Devices Detectors
4.6 Line Scan Detectors
4.7 Detectors, By Portability
4.7.1 Portable Detectors
4.7.2 Fixed Detectors
4.8 Flat Panel Detectors, By Panel Size
4.8.1 Large Area Flat-panel Detectors
4.8.2 Small Area Flat-panel Detectors
4.9 Market Dynamics
126.96.36.199 Increase in the adoption of X-ray detectors
188.8.131.52 Increased government initiatives
184.108.40.206 Rise in demand for multi-modal imaging
220.127.116.11 Widespread applications of medical imaging
18.104.22.168 High price of X-ray detectors
22.214.171.124 Unfavorable reimbursement plans
126.96.36.199 Intense competition among vendors
188.8.131.52 Paucity of skilled healthcare professionals
184.108.40.206 Advancements in X-ray detectors
220.127.116.11 Integration of hybrid photodetectors
18.104.22.168 Early prevention and diagnosis
22.214.171.124 Rise in demand for portable and wireless X-ray detectors
4.9.4 DRO – Impact Analysis
4.9.5 Key Stakeholders
5 Trends, Roadmap, and Projects
5.1 Market Trends & Impact
6 Buying Criteria
7.3 Ambulatory Care
7.4 Diagnostic Centers
7.5 Others (Research Centers, Non-profit Organizations, and Nursing Home)
8.2 North America
8.2.1 Market Overview
8.3.1 Market Overview
8.4 Asia Pacific
8.4.1 Market Overview
8.5 Rest of the World
8.5.1 Market Overview
9 Market Attractiveness
9.1 Market Attractiveness by Types
9.2 Market Attractiveness by End-users
10 Competitive Landscape
10.1 Competitor Comparison Analysis
11 Vendors Profile
11.1 Varex Imaging Corp.
11.1.2 Business Units
11.1.3 Geographic Revenue
11.1.4 Business Focus
11.1.5 SWOT Analysis
11.1.6 Business Strategies
11.2 Hamamatsu Photonics K.K.
11.2.2 Business Focus
11.2.3 SWOT Analysis
11.2.4 Business Strategies
11.3 Fujifilm Holdings Corp.
11.3.2 Business Units
11.3.3 Geographic Revenue
11.3.4 Business Focus
11.3.5 SWOT Analysis
11.3.6 Business Strategies
11.4 Teledyne Technologies Incorporated
11.4.2 Business Units
11.4.3 Geographic Revenue
11.4.4 Business Focus
11.4.5 SWOT Analysis
11.4.6 Business Strategies
11.5 Vieworks Co., Ltd.
11.5.3 Business Focus
11.5.4 SWOT Analysis
11.5.5 Business Strategies
12 Companies to Watch for
12.1 Rayence Co., Ltd.
12.1.2 Key Highlights
12.1.3 Key News
12.2 Thales Group
12.2.2 Key Highlights
12.3 Agfa-Gevaert N.V.
12.3.2 Key Highlights
12.4 Carestream Health Inc.
12.4.2 Key Highlights
12.4.3 Key News
12.5 Toshiba Medical Systems Corp.
12.5.2 Key Highlights
12.5.3 Key News
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.