Rising at 5.2% CAGR, X-ray Flat Panel Detectors Market Will Witness Steady Growth Forecast 2026, says Fortune Business Insights

Pune, India, April, 2019: Global X-ray Flat Panel Detectors Market is expected to witness high demand for amorphous silicon in the coming years, finds Fortune Business Insights in a new study. The report is titled “X-ray Flat Panel Detectors: Global Market Analysis, Insights and Forecast, 2019-2026” and it projects the market to exhibit a CAGR of 5.2% between 2019 and 2026. According to the report, in 2018 the global x-ray flat panel detectors market was valued at US$ 1,759.3 Mn and it is expected to reach US$ 2805.2 Mn by the end of 2026.

Among product types, the amorphous silicon segment held the dominant share of 86% in the market in 2018. However, complementary metal oxide semiconductor (CMOS) is anticipated to witness growth at an accelerated pace in the coming years. The growth projected in the segment is attributed to its advantages over other detectors such as finer pixel pitch, faster frame rate, and lower electronic noise. Moreover, CMOS offer higher spatial resolution in comparison to amorphous silicon flat panel detectors. This is likely to propel the demand in the global x-ray flat panel detectors market.

Varex Imaging Corporation is currently the leading player in the global x-ray flat panel detectors market. Varex is anticipated to retain its position in the global market during the forecast period (2019-2026) backed by its diverse product portfolio and strong distribution network. Besides Varex, other major companies operating in the global x-ray flat panel detectors market are KA Imaging, Imaging Dynamics Company Ltd., Detection Technology Plc., Hamamatsu Photonics K.K., and Teledyne Digital Imaging Inc.

Detector Integrated with Advent Features to Drive the Global Market

Increasing number of orthopedic cases in response to the increasing aging population is identified as a chief growth driver. In addition to this, the global X-ray flat panel detectors market is expected to gain impetus from medical evolution and effective dynamic range attributed to x-ray flat panel detector. These factors are anticipated to drive the global x-ray flat panel detectors market during the forecast period. Additionally, decrease in prices of the x-ray flat panel detector due to the introduction of the retrofit flat panel detector Is likely to fuel the demand for innovative products in the global x-ray flat panel detectors market.

“Increasing emphasis on medical tourism in developing nations such as India and China is expected to increase the demand in the global x-ray flat panel detectors market,” said a lead analyst at Fortune Business insights.

On the flip side, high price associated with x-ray flat panel detector is expected to restrain the global market during the forecast period 

Asia Pacific, Speeding Up to Overtake North America

North America, is currently dominating the global x-ray flat panel detector market, it was valued at US$ 633.5 Mn in 2018. North America is expected to dominate the global market during the forecast period as well owing to the increasing demand for dynamic flat panel detector. However, Asia Pacific is expected to expand at the highest CAGR during the forecast period. Growth that the market is projected to witness in Asia Pacific is attributable to the increasing demand by hospitals in the region for retrofit x-ray flat panel detector owing to its low cost. Moreover, x-ray flat panel detector is gaining popularity in developing nations such as India, China, and others. Spurred by these factors, the X-ray flat panel detectors market is expected to perform better in emerging nations.

Fortune Business Insight’s report also provides an insightful overview of opportunities, strategies used by the leading organization in the market, and the potential areas of development.

Browse Complete Report Details @ https://www.fortunebusinessinsights.com/industry-reports/x-ray-flat-panel-detectors-market-100165

The global x-ray flat panel detectors market can be segmented into the following categories: