
Published On: Jan 2023
Published On: Jan 2023
At 5.1% CAGR, the North America X-Ray Detectors Market is projected to be worth US$ 1,418.46 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America X-ray detectors market was valued at US$ 1,051.31 million in 2022 and is expected to reach US$ 1,418.46 million by 2028, registering a CAGR of 5.1% from 2022 to 2028. Increasing incidence and prevalence of chronic disorders and product launches and approvals are the critical factors attributed to the North America X-ray detectors market expansion.
Chronic disorders such as cardiovascular, respiratory, and orthopedic, as well as various types of cancer, are leading to disabilities and mortalities worldwide. These clinical conditions affect the overall quality of life. According to the World Health Organization (WHO), over 50% of the population is estimated to suffer from at least one chronic disease. Cardiovascular diseases (CVDs) owing to hectic lifestyle are a significant cause of mortality. Orthopedic disorders are among the major causes of disability-adjusted life years (DALYs) observed across the large geriatric population. Thus, the rising prevalence and incidence of chronic conditions demand safe, effective, and efficient diagnostic systems, such as X-ray detectors, thereby driving the North America 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 North America X-ray detectors market.
Based on type, the North America 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 88.6% market share in 2022, amassing US$ 931.16 million. It is projected to garner US$ 1,259.72 million by 2028 to expand at 5.2% CAGR during 2022–2028.
Based on end user, the North America X-ray detectors market is segmented into hospitals, diagnostic laboratories, clinics, and other end users. The hospitals segment held 43.5% market share in 2022, amassing US$ 456.91 million. It is projected to garner US$ 628.02 million by 2028 to expand at 5.4% CAGR during 2022–2028.
Based on application, the North America X-ray detectors market is segmented into medical, dental, veterinary, and other applications. The medical applications segment held 70.0% market share in 2022, amassing US$ 735.91 million. It is projected to garner US$ 999.14 million by 2028 to expand at 5.2% CAGR during 2022–2028.
Based on country, the North America X-ray detectors market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.1% market share in 2022. It was assessed at US$ 863.16 million in 2022 and is likely to hit US$ 1,168.14 million by 2028, exhibiting a CAGR of 5.2% during the forecast period.
Key players dominating the North America 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.
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