Report : Europe 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 5.0% CAGR, the Europe X-Ray Detectors Market is speculated to be worth US$ 1,128.37 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe X-ray detectors market was valued at US$ 844.23 million in 2022 and is expected to reach US$ 1,128.37 million by 2028, registering a CAGR of 5.0% from 2022 to 2028. Product launches and approvals and increasing incidence and prevalence of chronic disorders are the critical factors attributed to the Europe X-ray detectors market expansion.
The healthcare industry is rapidly developing at a significant rate due to the increasing demand for diagnostics across region. The companies are emphasizing new product developments, product launches, approvals, and R&D to introduce efficient products. For instance, in July 2022, Konica Minolta Healthcare announced the availability of its Dynamic Digital Radiography (DDR) technology on the mKDR Xpress mobile X-ray system. The mobile system is also compatible with the AeroDR glassless high-definition detector, a recent advancement in wireless and flat-panel X-ray detector technology. DDR is the next-generation X-ray technology, improving orthopedic and pulmonary illness detection and treatment. Similarly, in February 2022, Spectrum Logic, an innovator in X-ray imaging solutions, launched the latest product from its range of large-area, super-fast, and flat-panel detectors: 3131HS. It is a dynamic X-ray detector designed with a pixel pitch of 100 μm and a choice of high-efficiency or high-resolution CsI scintillator or Gadox for clinical applications. Such increasing product developments, launches, and approvals by the market players are accelerating in the Europe X-ray detectors market expansion.
On the contrary, high cost of digital x-ray systems and health hazards associated with X-ray systems hurdles the growth of Europe X-ray detectors market.
- Based on type, the Europe 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 88.0% market share in 2022, amassing US$ 743.30 million. It is projected to garner US$ 996.25 million by 2028 to expand at 5.0% CAGR during 2022–2028.
- Based on end user, the Europe X-ray detectors market is segmented into hospitals, diagnostic laboratories, clinics, and other end users. The hospitals segment held 42.7% market share in 2022, amassing US$ 360.91 million. It is projected to garner US$ 491.26 million by 2028 to expand at 5.3% CAGR during 2022–2028.
- Based on application, the Europe X-ray detectors market is segmented into medical, dental, veterinary, and other applications. The medical applications segment held 69.9% market share in 2022, amassing US$ 589.79 million. It is projected to garner US$ 792.97 million by 2028 to expand at 5.1% CAGR during 2022–2028.
- Based on country, the Europe X-ray detectors market is segmented into Germany, UK, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Rest of Europe captured 36.3% market share in 2022. It was assessed at US$ 306.57 million in 2022 and is likely to hit US$ 405.99 million by 2028, exhibiting a CAGR of 4.8% during the forecast period.
Key players dominating the Europe X-ray detectors market are 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, Rigaku Corporation, a leading manufacturer of X-ray analysis and inspection equipment, launched their new XSPA-400 ER (X-ray Seamless Pixel Array) detector to the global market following a successful domestic launch at Japan Analytical and Scientific Instruments Show (JASIS) in September 2022. The XSPA-400 ER is a seamless pixel multi-dimensional detector for X-ray diffractometers with high energy resolution suited to battery, steel, and ceramic analysis.
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