Global medical x-ray detectors industry to reach USD 3.2B by 2029

The global medical x-ray detectors industry, having already surpassed a billion-dollar revenue milestone in 2019, is on the cusp of a remarkable growth trajectory. A recent report by Future Market Insighst Inc. unveils projections that showcase the industry’s potential to soar from its 2022 valuation of US$ 2.2 billion to an impressive US$ 3.2 billion by 2029, driven by a robust compound annual growth rate (CAGR) of 5.7%.

The surge in the medical devices industry, particularly in imaging and diagnostic tests, is a key catalyst for this anticipated growth. Factors contributing to this upswing include a heightened focus on radiological diagnostic tests, an increasing burden of chronic diseases, and the advent of more efficient x-ray devices facilitated by consolidation and mergers in the medical devices market.

The Centers for Disease Control & Prevention (CDC) estimates that around 80 million Computed Tomography (CT) tests were performed in 2015 in the U.S. alone. A rise in some patients undergoing CT and radiography tests globally and an increase in number of tests performed each year have led to significant demand for digital radiography detectors such as a-Si detectors. These factors have boosted the demand for a-Si x-ray flat panel detectors, directly fueling growth of the Global Medical x-ray Detectors Industry. Future Market Insights