X-Ray Flat Panel Detector Market size was over USD 3.15 billion in 2023 and is poised to cross USD 6.8 billion by 2036, witnessing more than 6.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of X-ray flat panel detector is evaluated at USD 3.3 billion. The growth of the market can be attributed to the advantages of FDP over image intensifiers, including high contrast resolution, and additional greyscale. FDP based X-ray is a screening device that provides large field of view (FOV), and permits real-time observation, which is estimated to boost the market growth. Moreover, these advantages of FDP-based X-ray make it a highly preferred diagnosis method for lungs, heart, and other sensitive organs. In addition to this, the increasing prevalence of chronic diseases, including, cardiovascular, respiratory, kidney, and digestive issues, are foreseen to provide major growth opportunities to the market. According to the data by the World Health Organization (WHO), chronic obstructive pulmonary disease (COPD) caused 3.23 million deaths, while asthma caused 461,000 deaths in 2019. Moreover, 17.9 million deaths were caused by CVDs in the same year. Furthermore, the adoption of advanced technology in the healthcare sector is projected to encourage the market growth in the upcoming years. Several other factors, such as, growing global geriatric population, higher health awareness, and demand for efficient diagnosis, are anticipated to fuel the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.1% |
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Base Year Market Size (2023) |
USD 3.15 billion |
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Forecast Year Market Size (2036) |
USD 6.8 billion |
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Regional Scope |
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The market is divided by type into direct, and indirect, out of which, the direct segment is anticipated to hold the notable share in the global X-Ray Flat Panel Detector market over the forecast period as direct FDP converts x-ray photons directly into electric charge. This provides high spatial resolution, and small pixel sizes, which is desirable to identify micro calcifications. Such factors are estimated to boost the segment growth.
Our in-depth analysis of the global x-ray flat panel detector market includes the following segments:
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By Type |
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By Process |
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By Application |
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By End User |
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On the basis of geographical analysis, the global X-Ray Flat Panel Detector market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Europe industry is predicted to hold largest revenue share by 2036, backed by elevated health awareness amongst the people. Moreover, the disposable income of majority of the population is high in developed countries, such as, United Kingdom, Germany, France, Hungary, Netherlands, and others. This is also anticipated to boost the regional market growth.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high healthcare expenditure per capita, easy availability of efficient treatment facilities, and advancements in healthcare sector. According to the data by the World Bank, the total health expenditure per capita of North America amounted to USD 10,050.516, in 2018. Moreover, the higher adoption of technology in the healthcare sector in the region is expected to fuel the market growth.
September, 2021: Carestream Health, Inc. to provide diagnostic imaging systems to Health First’s Holmes Regional Medical Center in Melbourne.
August, 2021: J. MORITA Corp. announced the agreement to acquire SK Medical Electronics Co., Ltd., the global manufacturer of dental laboratory, medical, scientific and industrial equipment.
Author Credits: Radhika Pawar
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