Hospitals Segment to Lead Global X-Ray Detectors Market During 2022-2028
According to our latest study on " X-Ray Detectors Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Application, and End User," the market is projected to reach US$ 4,256.75 million by 2028 from US$ 2,890.26 million in 2021; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028. The report highlights the key factors driving and restraining the market growth, prominent players with their developments in the market, and trends prevailing in the market.
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 imaging. The design of X-ray detector can strongly vary in size, shape, spatial resolution, frame rates, X-ray flux, etc. for different medical applications. The increasing incidence and prevalence of chronic disorders along with new product launches and approvals drive the market growth. However, high cost of digital X-rays detectors and health hazards associated with X-rays are factors hampering the growth of the market.
Based on end user, the global X-ray detectors market is segmented into hospitals, diagnostic laboratories, clinics, and other end users. The hospitals segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period. The segment is estimated to hold a major market share in the X-ray detectors market owing to the adoption of advanced X-ray technology in hospitals, increasing number of diagnosis procedures in hospital settings, and higher patient footfall in hospitals for the diagnosis of diseases. X-rays imaging procedures are commonly recommended by healthcare providers to look for bone fractures, some types of tumors, injuries or abnormal masses, and signs of pneumonia in lungs. Further, dentists recommend X-ray diagnostic procedures to check for cavities or other dental problems. Often in low- and medium-income countries (LMICs), patients die of trivial problems that were left untreated because of lack of access to proper diagnosis. Over the last decade, digitalization has played a prominent role in X-ray medical equipment. Film-based and computed radiography plates are being replaced by fully digital X-ray detectors in hospitals. Thus, hospitals are contributing a significant market share to the market and are expected to continue the trend during the forecast period.
Impact of COVID-19 on Global X-Ray Detectors Market
Diagnostic radiology departments in different hospitals and healthcare centers were restructured to facilitate care for both COVID and non-COVID patients. Ireland had one of the highest infection rates of COVID-19 among healthcare workers (32%) at the start of June 2020. From March 2020, general dental services (GDS) were also restricted in the country. The government implemented restrictive measures in Brazil due to which the dentistry services underwent forced changes in their operation and function. In addition, as per the CDC Guidance for dental settings, the US prioritized the most critical dental services and provided care to minimize harm to patients from delaying care and damage to personnel and patients from potential exposure to SARS-CoV-2 infection. As per frequency and pattern of outpatient dental visits during the COVID-19 pandemic at hospital and community clinics, from a total of 14,319 dental visits at hospital- and community-based outpatient clinics in Alberta, Canada, 5,671, 5,036, and 3,612 visits occurred in 2018, 2019, and 2020, respectively. Dental visits during the pandemic were associated with more complicated oral diagnoses, dental services, and higher economic status. Therefore, a decline was observed in the number of procedures. The low number of referrals significantly reduced the diagnostic X-rays scans in North America initially and had an unfavorable impact on the X-ray detectors market.
However, the surge in COVID-19 cases has increased the demand for X-rays and CT scans to diagnose lung infections. The sudden increase in the demand for X-rays has also increased the demand for advanced X-ray systems. Moreover, various market players have launched new and innovative products to ease the overall diagnostic procedure. In July 2022, KA Imaging launched Reveal, the world's first dual-energy X-ray detector that can be used at the bedside. The company is planning clinical trials worldwide to demonstrate the detector's efficacy in triaging COVID-19 and other imaging tasks in the emergency room and intensive care units. Thus, owing to the above factors, COVID-19 pandemic has had a moderately positive impact on the X-ray detectors market.
PerkinElmer Inc, Varian Medical Systems Inc, FUJIFILM Holdings Corp, Teledyne Technologies Inc, Analogic Corp, Konica Minolta Inc, Canon Inc, Varex Imaging Corp, Rigaku Corp, and Moxtek Inc. are among the leading companies operating in the global X-ray detectors market.
The report segments the global X-ray detectors market as follows:
The global X-ray detectors market is segmented based on type, application, and end users. Based on type, the market is subsegmented into computed radiography (CR) detectors, flat-panel detectors, line-scan detectors, and charge couple device (CCD) detectors. Based on application, the market is categorized into medical, dental, veterinary, and other applications. In terms of end user, the market is further segmented into hospitals, diagnostic laboratories, clinics, and other end users. Geographically, the X-ray detectors market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), APAC (China, India, Japan, Australia, South Korea, and the Rest of APAC), the MEA (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of SCAM).
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