5%+ CAGR for X-Ray Detectors Market to 2021 Propelled by Flat-Panel Detectors

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Sep 19, 2016, 06:00 ET

PUNE, India, September 19, 2016 /PRNewswire/ --

The worldwide X-ray detectors market to 2021 is dominated by North America, followed by Europe, Asia, and the RoW while the flat-panel detectors (FPDs) segment is expected to account for the largest share driven by development of wireless detectors and growing medical tourism in Asian countries.

Complete report on X-ray detectors market spread across 203 pages, profiling 10 companies and supported with 225 tables and 41 figures is now available at http://www.rnrmarketresearch.com/x-ray-detectors-market-by-detector-type-flat-panel-computed-radiography-ccd-line-scan-applications-mammography-cardiovascular-imaging-dental-security-veterinary-industrial-by-fpd-panel-market-report.html .

The global X-ray detectors market is expected to reach USD 2.89 billion by 2021 from USD 2.21 billion in 2016, at a CAGR of 5.5% during the forecast period. The market segments the X-ray detectors market based on type, application, and region. Based on FPDs type, the X-ray detectors market is segmented into FPDs market by type of systems, FPDs market by Panel size, FPDs market by portability

The growth of this market is mainly driven by factors such as technological advancements, rising geriatric population, government and venture capital funding, rising incidences of orthopedic and cardiovascular procedures, and reimbursement cuts for analog systems. Moreover, factors such as development of wireless detectors, growing medical tourism in Asian countries, and untapped emerging markets offer growth opportunities to players in the X-ray detectors market. However, High initial cost of Digital X-ray systems and stringent regulatory procedures for product launch may hinder the growth of this market during the forecast period.

The X-ray detectors market is segmented based on types, applications, regions, and it's again segmented on the basis of FPDs market, by Type of systems, FPDs market by Panel Size, FPDs market by Portability. The X-ray detectors, by type segment are expected to provide lucrative growth opportunities for market players in the forecast period. Factors driving the growth in this segment include high flexibility and easy-to-use tools, and advanced technology.

Based on the applications, the X-ray detectors market is segmented into medical applications, Dental applications, security applications, Veterinary applications and industrial applications. Medical applications segment is expected to grow at the highest rate in the forecast period. The growth in this segment can primarily be attributed to the advancement in the medical technology, rising geriatric population, Increasing ortho and cardio procedures.

Asia is poised to be fastest-growing region in the X-ray detectors market from 2016 to 2021. The high growth in this market is attributed to the growing geriatric population, growing adoption of digital imaging systems, rising disposable income, growing number of awareness programs and symposia, and growing venture capital investments.

Prominent players in the X-ray detectors market include Varian Medical Systems (U.S.), PerkinElmer, Inc. (U.S.), Canon, Inc. (U.S.), Konica Minolta, Inc. (Japan), Agfa healthcare (Belgium), Analogic Corporation (U.S.), , Fujifilm Medical Systems (Japan), Teledyne Dalsa (U.S.), Thales Group (France), , and YXLON International (Germany). Order a copy of X-Ray Detectors Market by Type (Flat Panel, CR, CCD, Line-Scan), Panel Size (Large, Small), Portability (Fixed, Portable), Type of System (Retrofit, New Digital), Application (Medical, Dental, Security, Veterinary, Industrial) - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=256710 .

Apart from the comprehensive geographical analysis, product analysis, and market sizing; the report also provides a competitive landscape that covers the growth strategies adopted by industry players in the last three years. In addition, the company profiles comprise basic views on the key players and their product portfolios, developments, and strategies adopted. The above-mentioned market research data, current market sizes, and forecast of future trends will help key players and new entrants make informed decisions regarding product offerings, geographical focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.

On a related note, another research on Digital X-ray Market Global Forecast to 2020 says, the global market is expected to reach USD10.46 billion by 2020 from USD 6.15 billion in 2015, at a CAGR of 11.2%. The diagnostic centers segment is expected to account for the largest share of the market in 2015. Geographically, the digital x-ray market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Companies like Canon Inc., Carestream Health Inc., Fujifilm Medical Systems, GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Philips Healthcare, Shimadzu Corporation, Siemens Healthcare and Toshiba Medical Systems Corporation have been profiled in this 238 pages research report available at http://www.rnrmarketresearch.com/digital-x-ray-market-by-types-computational-radiography-digital-radiography-major-products-flat-panel-detectors-cmos-ccd-software-x-ray-contrast-media-by-applications-chest-imaging-mammo-market-report.html .

Explore more reports on materials & chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals

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