X-Ray Detector Market Size, Share, Growth Analysis, By Product(indirect flat panel detectors, direct flat panel detectors), By Panel(large area flat panel detectors and small area flat panel detectors), By Modality(portable detectors and fixed detectors), By Module(new digital X-ray systems and retrofit x-ray systems), By Application(dental, security) - Industry Forecast 2024-2031

X-Ray Detector Market size was valued at USD 3.08 billion in 2022 and is poised to grow from USD 3.27 billion in 2023 to USD 5.25 billion by 2031, growing at a CAGR of 6.10% during the forecast period (2024-2031). 

Players put a lot of effort into implementing different tactics to broaden their creative product offerings and boost their geographic presence. The product portfolio for X-ray detectors is being expanded across regions through mergers and acquisitions and other tactics being used by important competitors. The market for X-ray detectors is projected to grow as a result of technological developments and a quicker acceptance of X-ray detectors throughout the industrial and security sectors. as in a new video imaging technology called the ELUXEO 7000X System, developed to enable real-time visualization of hemoglobin oxygen saturation (StO2) levels in tissue using laparoscopic and/or endoluminal imaging, will be commercially released in August 2021 by FUJIFILM Medical Systems U.S.A., Inc., a leading provider of endoscopic and endosurgical imaging technology. 'Varex Imaging Corporation', 'PerkinElmer, Inc.', 'Hamamatsu Photonics K.K.', 'Canon, Inc.', 'Koninklijke Philips N.V.', 'Agfa-Gevaert Group', 'Fujifilm Holdings Corporation', 'Teledyne DALSA Inc.', 'Thales Group', 'Detection Technology Plc', 'Rigaku Corporation', 'Swissray International, Inc.', 'Analogic Corporation', 'Moxtek, Inc.', 'Rayence Inc.', 'Thermo Fisher Scientific Inc.', 'Toshiba Electron Tubes & Devices Co., Ltd.', 'Shanghai United Imaging Healthcare Co., Ltd.', 'Carestream Health, Inc.', 'Vieworks Co., Ltd.', 'In January 2021, A world pioneer in providing diagnostic imaging and radiology solutions, Sun Nuclear Corporation was bought by Mirion Technologies, Inc. With this purchase, the business gained a competitive edge in terms of brand recognition, technical know-how, and market position for cancer treatments.', 'In March 2021, The next generation of precision diagnostics will be developed in partnership with AWS and Konica Minolta Precision Medicine. Amazon has invested money in KMPM as part of this agreement. A cooperation between Konica Minolta, Inc. and Shimadzu Medical Systems USA was struck in December 2019 to hasten the commercialization of Dynamic Digital Radiography (DDR) in the American healthcare sector.'

Healthcare systems all around the world have been forced to rationalize their internal spending due to mounting demand to reduce public spending. However, the high expense of X-ray detector equipment is a significant obstacle for hospitals. In this case, healthcare practitioners can gain by making good use of cutting-edge technology like X-ray detector systems, which can screen more people for less money. Because of this, more and more governments and venture capitalists are focusing their investments on purchasing X-ray detector equipment for their different healthcare systems. Growing funding, investments, and support will significantly increase access to and use of these technologies, which is anticipated to boost market expansion.

Due to a variety of factors, including an increased emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of effective X-ray devices through market consolidation and mergers, the medical devices industry is seeing an increase in the number of imaging and diagnostic tests performed each year.

North America is anticipated to have the largest market share for X-ray detectors globally in 2021. The significant market share of this sector is primarily attributable to developments in the healthcare sector, higher healthcare expenditures, the adoption of cutting-edge science and technology, favorable reimbursement scenarios, a higher prevalence of chronic diseases and a growing geriatric population, and the presence of major players in the area. Additionally, the rising number of a-Si X-ray flat panel detectors offered by market participants for dental CBCT applications, such as the 1308DX / 1313DX (Varex Imaging Corporation) are increasing the adoption rate of flat panel detectors by healthcare providers in the United States and Canada for dentistry applications. The number of dental CBCT scans performed in the United States each year is increasing. Throughout the forecast period, this aspect is anticipated to fuel the market in the area.