X-ray detectors market to reach USD 4.2B by 2029

X-ray detectors market in terms of revenue was estimated to be worth $3.1 billion in 2023 and is poised to reach $4.2 billion by 2029, growing at a CAGR of 5.0% from 2023 to 2029 according to a latest report published by MarketsandMarkets™. The market’s expansion can be credited to the escalating incidence of cardiovascular and neurovascular diseases, a surge in diagnostic and therapeutic procedures, and heightened research activities in the pharmaceutical and biotechnology industries.

Based on the technology, Flat-Panel detectors, Computed Radiography detectors, Line-Scan detectors, and Charged coupled device detectors, with each segment covering details of these detectors. In 2023, the flat-panel detectors segment dominated the x-ray detectors market with the highest share. A significant portion of this segment can be credited to the increasing demand from patients.

Based on application, the x-ray detectors market is segmented into medical applications, dental applications, security/defense applications, veterinary applications, industrial applications, and other applications. The rising knowledge of different x-ray detectors is responsible for this segment’s growth, increasing patient inclination towards cancer detection, a rise in the availability of clinics and surgeons offering these treatments, and the introduction of new and advanced products in the market that contribute to heightened levels of patient comfort are driving factors in the healthcare industry.

Based on type, the x-ray detectors market is segmented into flat panel type, panel type, portability type, and platform type. The growth in this category can be attributed to advanced technologies and the heightened commitment from both government and private entities to foster the advancement of the medical laser device industry. Furthermore, key drivers for market growth include the growing elderly population and an enhanced emphasis on preserving both health and appearance.

Based on region, North America accounts for the highest share of the X-ray detectors market. The advanced technological landscape of North America has established it as a leading region in terms of technological sophistication. The substantial market for x-ray detectors in the area can be credited to factors such as the presence of prominent system suppliers, a rise in healthcare expenditures, the accessibility of venture capital and government funding, an increase in the prevalence of chronic diseases, ongoing technological innovations, and the involvement of automotive manufacturers in the region. MarketsandMarkets™