Increasing Product Launches and Approvals Drives the South America X-Ray Detectors Market
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 South America X-ray detectors market.
South America X-Ray Detectors Market Overview
The South America X-ray detectors market is segmented into Brazil, Argentina, and the Rest of South America. Digital radiography is becoming prevalent in imaging centers across the region. The high burden of cancer, ongoing innovations in X-ray detection technologies, increasing geriatric population that is at a greater risk of cancer, and research studies on enhancing the effectiveness of X-ray systems in cancer diagnosis are among the factors contributing to the growth of the market in South America. Chest X-ray images are required in the preliminary assessment of cardiovascular disease. X-rays and other radiographic tests help doctors detect cancer in different body parts, including bones, stomach, and kidneys. X-ray-based detection is typically fast and painless, and no special preparation is needed to perform the procedures. Hospitals in the country has increased the base installation of X-ray equipment in 2020 to fulfill the rising demand for effective diagnosis amidst COVID-19 pandemic. According to estimates presented by the International Agency for Research on Cancer in the Globocan 2020, Brazil reported 592,212 cancer cases in 2020, while the death count reached 259,949. According to the South Americae source, the number of new cancer cases is expected to increase to 995,000 by 2040. A surge in cancer incidence led to an increased demand for cancer diagnosis, propelling the use of mammography. Thus, a high burden of cancer is expected to favor the X-ray detectors market growth in Brazil in the coming years.
South America X-Ray Detectors Market Segmentation
The South America X-ray detectors market is segmented into type, end user, application, and country. Based on type, the market is segmented into computed radiography (CR) detectors, flat-panel detectors, line-scan detectors, and charge couple device (CCD) detectors segment. The flat-panel detectors segment registered the largest market share in 2022.
Based on end user, the South America X-ray detectors market is segmented into hospitals, diagnostic laboratories, clinics, and other end users. The hospitals segment registered the largest market share in 2022.
Based on application, the South America X-ray detectors market is segmented into medical, dental, veterinary, and other applications. The medical applications segment registered the largest market share in 2022.
Based on country, the South America X-ray detectors market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market share in 2022.
Canon Inc, FUJIFILM Holdings Corp, Konica Minolta Inc, PerkinElmer Inc, Rigaku Corp, Teledyne Technologies Inc, Varex Imaging Corp, and Varian Medical Systems Inc are among the leading companies operating in the X-ray detectors market in South America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 144.41 Million |
| Market Size by 2028 | US$ 190.54 Million |
| CAGR (2022 - 2028) | 4.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South America X-Ray Detectors Market is valued at US$ 144.41 Million in 2022, it is projected to reach US$ 190.54 Million by 2028.
As per our report South America X-Ray Detectors Market, the market size is valued at US$ 144.41 Million in 2022, projecting it to reach US$ 190.54 Million by 2028. This translates to a CAGR of approximately 4.7% during the forecast period.
The South America X-Ray Detectors Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America X-Ray Detectors Market report:
The South America X-Ray Detectors Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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