The digital radiography detectors market is valued at USD 2.13 Billion in 2022. The market is advancing at an average pace with a CAGR of 6.1% through 2026 to reach a valuation of USD 2.7 Billion. The worldwide market for digital radiography detectors is highly concentrated, with large competitors such as Varex Imaging Corporation and Trixell accounting for about 47% of the market share.
North America is predicted to be the largest regional market with a CAGR of 6.6% during the forecast period.Through 2026, the market for digital radiography detectors in MEA is predicted to develop at a modest pace.
| Attribute | Details |
|---|---|
| Estimated Market Size of Digital Radiography Detectors Market in 2022 | USD 2.13 Billion |
| Projected Market Size of Digital Radiography Detectors Market in 2026 | USD 2.7 Billion |
| CAGR during 2022 to 2026 | 6.1% |
The adoption of flat panel x-ray detectors in the global digital radiography detectors market has increased significantly owing to their distinct benefits over computed radiography (CR), charged couple detectors (CCD), and analogue detectors (film based).
The participants operating in the digital radiography detectors market are introducing new products in the retrofit segment, which can be used to upgrade the current analogue and CR detector systems to digital radiography systems, and help to cater small hospitals and imaging centres.
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In terms of revenue, the global digital radiography detectors market is projected to expand at a CAGR of 6.1% during the forecast period and is expected to be valued at USD 2,713.7 million by the end of 2026.
The growth of the global digital radiography detectors market is primarily driven by increasing incidence of cancer and sports-related injuries, which present a large patient pool undergoing diagnostic imaging tests each year, particularly in emerging countries.
Besides, the growing number of geriatric population, which is prone to injuries, is expected to drive the demand for radiography tests and consequently contribute to the growth of the global digital radiography detectors market over the forecast period.
Introduction of new technologies by the manufacturers is expected to boost the demand for fluoroscopy devices and C-arms among end users, and also contribute to growth of the digital radiography detectors market.
Technological advancements, such as portability, and increasing application of a-Si detectors in dental CBCT and orthopaedic imaging are expected to build a huge platform for the growth of the digital radiography detectors market globally.
Furthermore, increasing healthcare spending, favourable reimbursements and growing awareness among healthcare professionals are some of the other factors driving the growth of the digital radiography detectors market in most of the developing countries.
However, high cost of the devices and tests is a major factor expected to hinder the growth of the digital radiography detectors market.
The global digital radiography detectors market is segmented into eight regions, namely North America, Latin America, Europe, Asia Pacific (Asia-Pacific excluding Japan), Japan and Middle East & Africa (MEA).
In terms of value, North America is expected to be the dominant regional market for Digital Radiography Detectors by 2018 end and is expected to grow at a CAGR of 6.6% over the forecast period.
Japan and Asia Pacific are expected to be the fast-growing regional markets for digital radiography detectors over the forecast period. Western and Eastern Europe are expected to mark substantial shares in the global digital radiography detectors market over the forecast period.
However, the MEA digital radiography detectors market is expected to represent sluggish growth due to lack of awareness and reach of technology in most of the countries.
Examples of some of the key players operating in the global digital radiography detectors market are Varex Imaging Corporation, Thales Group, Agfa-Gevaert N.V, Onex Corporation (Carestream Health), FUJIFILM Holdings Corporation, Analogic Corporation, Canon Inc., DRTECH Corporation, Hamamatsu Photonics k.k., KONICA MINOLTA, INC., Rayence Co., Ltd., and Teledyne Technologies Incorporated.
The report on the digital radiography detectors market is developed through identification of company-specific strategies related to new system development, market consolidation initiatives, and analyses of specific strengths of various market players, as well as their weakness and opportunities.
The leading manufacturers of digital radiography detectors and healthcare providers are taking initiatives to increase awareness regarding the benefits of digital radiography detectors among healthcare professionals.
The companies in the global digital radiography detectors market focus on to consolidate their position by actively participating in activities such as partnerships, mergers, and acquisitions. The companies in the digital radiography detectors market are focusing on expanding their footprints in countries such as India, China, and Brazil.
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The estimated market size of the digital radiography detectors market is USD 2.7 billion by 2026.
North America is anticipated to be the dominant region in the digital radiography detectors market by 2026.
The market is anticipated to expand at a CAGR of 6.1% through 2026.
Asia Pacific and Japan are likely to emerge as fast-growing markets by 2026.
The increasing incidence of cancer and sports-related injuries, technological advancements, and growing awareness among healthcare professionals are the key drivers of the market.
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Digital Radiography Detectors Market
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