Report : Asia-Pacific X-Ray Detectors Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type [Flat-Panel Detectors, Computed Radiography (CR) Detectors, Charge Couple Device (CCD) Detectors, and Line-Scan Detectors], Application (Medical Applications, Dental Applications, Veterinary Applications, and Other Applications), and End User (Hospitals, Diagnostic Laboratories, Clinics, and Other End Users)
At 7.6% CAGR, the Asia Pacific X-Ray Detectors Market is speculated to be worth US$ 1,353.12 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific X-ray detectors market was valued at US$ 871.04 million in 2022 and is expected to reach US$ 1,353.12 million by 2028, registering a CAGR of 7.6% from 2022 to 2028. Rising adoption of digital imaging technology and technological advancement and investments are the critical factors attributed to the Asia Pacific X-ray detectors market expansion.
Developing countries report a high prevalence of chronic diseases due to significant lifestyle changes. Adopting modern work culture and infrastructure is propelling the incidences of occupational disorders and other health conditions. The availability of advanced facilities lowers physical activities and tremendous market competition triggers stress levels. Thus, the growing prevalence of chronic diseases compels people to seek medical assistance with high-quality care, which is anticipated to demand digital imaging technology and create ample growth opportunities in the X-ray detectors market in developing economies. The projected growth can be ascribed to factors such as changing customer demand, increasing awareness toward and adoption of advanced diagnostics technology, and increasing aging population. Besides, the increased access to digital technology and the development of healthcare infrastructure and services in developing economies supported by government investments are likely to surge the market growth. Also, the increasing healthcare expenditure by large patient population and favorable reimbursement policies in these countries are speculated to increase the adoption of digital imaging technologies to pave the way for lucrative growth opportunities in the Asia Pacific X-ray detectors market.
On the contrary, high cost of digital x-ray systems and health hazards associated with X-ray systems hurdles the growth of Asia Pacific X-ray detectors market.
- Based on type, the Asia Pacific X-ray detectors market is segmented into computed radiography (CR) detectors, flat-panel detectors, line-scan detectors, and charge couple device (CCD) detectors. The flat-panel detectors segment held 87.3% market share in 2022, amassing US$ 760.36 million. It is projected to garner US$ 1,184.82 million by 2028 to expand at 7.7% CAGR during 2022–2028.
- Based on end user, the Asia Pacific X-ray detectors market is segmented into hospitals, diagnostic laboratories, clinics, and other end users. The hospitals segment held 47.5% market share in 2022, amassing US$ 413.49 million. It is projected to garner US$ 654.78 million by 2028 to expand at 8.0% CAGR during 2022–2028.
- Based on application, the Asia Pacific X-ray detectors market is segmented into medical, dental, veterinary, and other applications. The medical applications segment held 73.2% market share in 2022, amassing US$ 637.80 million. It is projected to garner US$ 997.59 million by 2028 to expand at 7.7% CAGR during 2022–2028.
- Based on country, the Asia Pacific X-ray detectors market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 40.0% market share in 2022. It was assessed at US$ 348.80 million in 2022 and is likely to hit US$ 555.17 million by 2028, exhibiting a CAGR of 8.1% during the forecast period.
Key players dominating the Asia Pacific X-ray detectors market are Analogic Corp, Canon Inc, FUJIFILM Holdings Corp, Konica Minolta Inc, Moxtek Inc, PerkinElmer Inc, Rigaku Corp, Teledyne Technologies Inc, Varex Imaging Corp, and Varian Medical Systems Inc, among others.
- In 2022, Varex Imaging has opened an Industrial X-ray Application Development Testing and Inspection Lab in Franklin Park, Illinois. The new facility provides the customers with access to MV X-ray sources, kV X-ray tubes and a wide range of industrial flat-panels and decades of industrial imaging expertise to help them meet the challenging requirements of today’s industrial imaging applications.
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