RISING GERIATRIC POPULATION:
The global population of older people continues to grow at an unmatched rate. With the growing geriatric across the world is leading to the increase in the prevalence of chronic diseases such as arthritis, cancer, respiratory diseases, metabolic disorders, orthopaedic, cardiovascular, and other age-related diseases.
With the rising geriatric population, prevalence of diseases and their treatment and diagnosis needs are also increasing which has led to the rise become a major driver of the X ray detector market.
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GROWING GOVERNMENT INITIATIVES:
Healthcare systems in various countries across the world are under pressure owing to the increasing patient pool and rising healthcare costs. Due to increasing pressure for the early diagnosis of disease, government organizations from various regions and countries are putting making significant investments for increasing the adoption of digital X-ray equipment in various healthcare systems.
ADVANCEMENTS IN TECHNOLOGY:
X-ray images were first recorded digitally with cassette-based storage-phosphor image plates, which were also introduced in 1980. The first DR system, which appeared in 1990, was the CCD slot-scan system. In 1994, investigations of the selenium drum DR system were published. The first flat-panel detector DR systems based on amorphous silicon and amorphous selenium were introduced in 1995. Gadolinium-oxide sulphide scintillators were introduced in 1997 and have been used for portable flat-panel detectors since 2001. The latest development in digital radiography is dynamic flat-panel detectors for digital fluoroscopy and angiography
STRICT REGULATORY PROCESS:
Various types of government regulations for launching a product in the market are found to be a big restraint. Every country has its own regulations and has a different body for regulatory procedures. Imaging professional must be familiar with various federal regulations that pertain to protecting patients, personnel and the public from ionizing radiation exposure.
SIDE EFFECTS OF RADIATIONS:
Radiation therapies have seen many advantages for both, the physicians and the patient but the risk of radiations due to them cannot be left unseen. The radiations of X ray detectors have various side effects in various degrees depending on the time of exposure to the radiations. More than the patients, it’s the physicians and the other operation theatre staff that face the brunt of these radiations, which is a challenge that needs to be worked upon
GROWING MEDICAL TOURISM IN ASIA:
Growing medical tourism around the globe, especially in Asian countries are projected to enhance growth. India, Malaysia and Thailand may provide high ROI to the investments in the industry.
INCREASING UNMET MEDICAL NEEDS IN DEVELOPING COUNTRIES:
There are also many definitions of access to health services, with most researchers recognizing that access is related to the timely use of services according to need. Population of poor or developing nations have less access to medical services when compared to the populations of developed nations and within developing countries, the poor have lesser access to healthcare services.
HIGH COST OF DIGITAL X-RAY SYSTEMS:
Digital X-ray systems offer various advantages over conventional systems but the high cost of these systems is a major factor which is restricting the end users to adopt it particularly in developing countries. For instance, the price range of X-ray detectors vary from USD 10,000.0 – USD 60,000.0 and the cost of digital X-ray systems for retrofit system is around USD 160,000.0 and USD 200,000.0 for the new system.
On the basis of type, the market is segmented into flat panel detectors, computed radiography detectors (CRD), line scan detectors and, charged coupled devices detectors (CCD). The flat panel detector segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
On the basis of application, the market is segmented into medical application, dental application, security application, veterinary application and industrial application. In 2019, medical application segment is growing at the highest CAGR in the forecast period of 2019 to 2026
On the basis of end user, the market is segmented into hospitals, diagnostic laboratories, original equipment manufacturers, clinics and ICU. In 2019, hospitals segment is growing at the highest CAGR in the forecast period of 2019 to 2026
Some of the major players operating in this market AMPTEK, Inc., Varex Imaging Corporation, Rigaku Corporation, Moxtek, Teledyne DALSA Inc. and others.
Global X-Ray Detectors Market – Industry Trends and Forecast to 2026
North America X-Ray Detector Market – Industry Trends and Forecast to 2026
Europe X-Ray Detector Market – Industry Trends and Forecast to 2026
Asia-Pacific X-Ray Detector Market - Industry Trends and Forecast to 2026
X-Ray Detectors Market driven by the growth of various government initiatives to increase the adoption rate for x-ray detectors
In 2016, X-Ray Detectors Market Has Accounted For USD 3.6 till 2024
Global X-Ray Detectors Market to Witness Growth Rate of 5.1% in Forecast Period of 2019 to 2026
APAC X-Ray Detectors Market Is Poised To Grow At 6.2% From 2017 To 2024
Global X-Ray Detector Market is Growing at a Significant Rate in the Forecast to 2024
Global X-Ray Detectors Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026