X-Ray Detectors Market Size (2024 - 2029)

X-Ray Detector Market Analysis

The X-Ray Detectors Market size is estimated at USD 4.02 billion in 2024, and is expected to reach USD 5.49 billion by 2029, growing at a CAGR of 6.40% during the forecast period (2024-2029).

The healthcare industry trends rapidly evolve due to technological advancements and innovation, improving healthcare services and care quality. Following the escalating demand for diagnostics, numerous global market participants are vying for product launches and innovations. This factor has expanded research and development (R&D) activity and expenditure to build X-ray detectors.

• X-ray detectors have undergone several innovations in size and performance over the past few decades, aided by technological advancements and increasing demand from various end-user verticals. Further, the considerable advances in analytical procedures, such as combinations of instruments in a smaller space and indirect excitation of X-ray spectra bulk samples, are expected to surge the demand for the market over the foreseen period. With technological advancements, X-ray detection in the market has become safer, more effective, and more convenient.
• Increasing demand for mobile equipment in the market, especially from end-users, such as oil and gas, power generation, etc., to inspect the equipment installed in remote places that are not accessible through traditional X-ray inspection solutions, is pushing several innovations in the market. Also, inspection service providers in the market, which primarily benefit from mobile equipment, are encouraging mobile X-ray equipment's mass production. Owing to such demand, manufacturers are diversifying their product portfolios to suit the needs of industrial users.​
• Several OEMs are planning to expand their footprint in the market. For instance, In June 2022, Punjab-based Allengers OEM (India), manufacturers of X-ray tubes, flat panel detectors, and monitors, is also expanding its capacity in the state, thus driving the demand for X-ray detectors. Two further significant factors impacting the growth of the FPDS industry are the declining cost of FPD (Flat Panel Detectors) and the increasing use of retrofit FPD (Flat Panel Detectors)
• Furthermore, the increasing demand for digital imaging technologies may propel the studied market demand. For instance, in October 2022, Google Cloud announced Medical Imaging Suite, a new technology it says can help with the accessibility and interoperability of radiology and other imaging data. According to Google Cloud, the new suite includes components focused on storage, lab, datasets, dashboards, and AI pipelines for imaging.
• Moreover, the ongoing conflict between Russia and Ukraine is expected to significantly impact the electronics industry. The conflict has already exacerbated the semiconductor supply chain issues and the chip shortage that have affected the industry for some time. The disruption may result in volatile pricing for critical raw materials such as nickel, palladium, copper, titanium, aluminum, and iron ore, resulting in material shortages. This would obstruct the manufacturing of X-ray film.

X-Ray Detector Industry Segmentation

The energy transported by radiation is converted into forms that can be recognized visually or electronically by X-ray detectors. X-ray detectors have a wide range of veterinary, medical, dental, industrial, and security applications. Digitization led hospitals to convert their analog X-ray systems to digital systems. Developments in amorphous selenium (a-Se) detectors, which are helpful in mammography, have made the growth in this market more significant.

The X-ray detectors market is segmented by type (flat panel detectors (indirect flat panel detectors, and direct flat panel detectors), computed radiography (CR) detectors, charge-coupled device detectors, and other types of detectors), by portability (fixed detectors and portable detectors), by application (medical, dental, security, industrial, and other applications), and by geography( North America, United States, and Canada). The market sizes and forecasts are provided in terms of value in USD for all the above segments. Further, the disturbance of the factors affecting the Market's evolution in the near future has been covered in the study regarding drivers and constraints. The market sizes and predictions are provided in terms of value in USD for all the above segments.