Meticulous Research®—a leading market research company, published a research report titled, ‘X-Ray Detectors Market Size, Share, Forecast, & Trends Analysis by Type (Flat Panel [Digital, retrofit] [Portable, Fixed], Computed Radiography, Charge Coupled, Line Scan) Application (Medical, Dental, Security, Industrial) - Global Forecast to 2031’
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According to this latest publication from Meticulous Research®, the X-ray detectors market is projected to reach $4.81 billion by 2031, at a CAGR of 5.9% from 2024 to 2031. The growth of this market can be attributed to the growing geriatric population coupled with the rising prevalence of chronic diseases & respiratory infections, rising demand for X-ray imaging in industrial & security markets, growing adoption of digital X-ray detectors, and the increasing utilization of X-ray detectors for early diagnosis & clinical applications. Moreover, technological advancements in X-ray detectors and ongoing innovations in X-ray imaging systems with the potential to fulfill unmet needs are expected to offer growth opportunities for the players operating in this market. However, health hazards caused due to radiation restrain the growth of the market.
Though X-ray is the common modality used for scanning body parts, there are risks associated with the use of X-ray imaging. The ionizing radiation of X-ray imaging systems has enough energy to potentially damage DNA. Tissue effects such as cataracts, skin reddening, and hair loss occur at relatively high levels of radiation exposure. The risk of developing cancer from medical imaging radiation exposure depends on the following factors:
• Radiation dose - Larger doses and more frequent X-ray exams increase the lifetime risk of cancer.
• Patient’s age - The lifetime risk of cancer is higher for patients who are exposed to X-rays at a younger age than for those exposed at an older age.
• Patient’s gender - Women have a slightly higher lifetime risk of developing radiation-associated cancer than men after receiving the same exposure at the same age.
• The reproductive system, hematopoietic system, gastrointestinal system, epidermis, and eyes are more radiosensitive than other organs/systems.
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Key Players
The key players profiled in the X-ray detectors market report are CareRay Medical Systems Co. (China), iRay Technology (China), Analogic Corporation (U.S.), FUJIFILM Holdings Corporation (Japan), Varex Imaging Corporation (U.S.), Trixell (France), Canon Inc. (Japan), Carestream Health, Inc. (U.S.), Konica Minolta, Inc. (Japan), Rayence Co., Ltd (South Korea), Agfa-Gevaert NV (Belgium), Teledyne Technologies Incorporated (U.S.), Vieworks Co., Ltd (South Korea), and Hamamatsu Photonics K.K. (Japan).
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Among applications, in 2024, the medical applications segment is expected to account for the larger share of the market. However, the security applications segment is expected to grow at the highest CAGR during the forecast period. X-ray detectors are used for various security applications such as air cargo screening, baggage screening, mail & parcel screening, vehicle screening, port & border protection, and personnel screening (body scanning). X-ray screening systems are used in airports to ensure public safety and prevent lethal attacks and entry of people carrying weapons or illegal items. The growing volume of passengers is expected to increase the demand for security X-ray screening systems.
Among geographies, in 2024, North America is expected to account for the largest share of the market. The large share of the North American X-ray detectors market is primarily attributed to the remarkably advanced healthcare industry with higher healthcare spending and adoption of innovative science & technology, favorable reimbursement scenarios, higher prevalence of chronic diseases with an expanding proportion of the aging population, and presence of leading players in the region.
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